car leasing/buying thread
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Thread created 06-20-2012 by motoo
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What do you guys make of this article? Personally, I would never trust a mortgage broker.
http://activerain.com/blogsview/98802/why-wealthy-people-lease-their-cars
Ever wonder why the financing...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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that sounds good, but where are the numbers of outright buying vs leasing and then buying?
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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i'm surprised that there is no specific thread devoted to this, so I'm starting one. discuss offers you've gotten to lease or buy a car. people can post if they think slick deal or not
to start,...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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just got honda accord SE leather and heated seats alloy wheels
700 down and 207 p/m
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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You mean this thread: https://slickdeals.net/f/1941590-The-Slickdeals-Approach-to-Negotiating-the-Price-of-a-New-Car-Updated-July-22-2010
Hmmm I have a hard time believing that you just got almost...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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The op
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Leasing= unslick.
That is all.
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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This is where I completely disagree with you. How are you over paying if it is the same as financing?
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Right - the point of a lease is not to come away with something, it's to not have ANYTHING at the end. No repair costs, no new tires, no transmission issues, no out of warranty repairs. I pay no...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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annoying as hell when people devolve these threads into the merits of leasing vs. buying. let's not go into that. please stick to the topic of this thread and compare apples to apples. it is a...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Not true he would have the option to buy the residual value of the car. Let's assume the residual value is $12K. It basically means he spent $1000 to pay down the car to the residual value (which...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Agreed on this. I've never done a lease with residual of less than 70%.
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Car price is $30,000
Tax is 7%
APR is 1% money factor (.00041667)
Residual is 40%
Lease deal, we really sweet talked our guy and had no lease aquisition fee or disposition fees. We got a 40%...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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My thoughts are lease/finance/buy outright aren't in themselves better than the other two.
It all comes down to the individual deal.
Problem with leases is they are so obfuscated, it'd take a PhD...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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ahh, i see. I was searching "lease" and looking in the hot deals forum so missed it.
anyway, I haven't seen how the numbers work out yet in terms of residual value or money factor. residual...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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You don't need a scanner just give the numbers on the signed agreement. I don't know for certain if he is scamming you but it just sounds fishy to me.
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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At no point did I state nor imply that I disliked leases. If it suits your wants/needs, then by all means do it. I was simply answering your question and I stand by what I said. Nonetheless, it's...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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why are you focusing solely on what happens at the end of the lease & ignoring the 3+ years, where the OP enjoys a car that would otherwise be unaffordable?
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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I just got a 1981 Ford pinto for about 2 bucks a month. Does not run but it does look great.
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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http://farm4.staticflickr.com/3065/2861325221_c939f57373_z.jpg
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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you don't believe me? or the op?
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Well it's a lease which automatically makes it not slick. Seriously.
He didn't. He is paying $10K and coming with nothing at the end of the lease.
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Yeah, there are a bunch of car leasing & purchasing thread scattered around - just do a search.
And good find on that Buick - Cadillac is also offering silly incentives on their vehicles these...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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Its pretty easy to see why this one looks like a good deal. They are willing to sell you the car @ 60% depreciation at the end. That's some serious depreciation for just 3 years with low miles.
...
car leasing/buying thread
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Thread created 06-20-2012 by motoo
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You would think so wouldn't you but it isn't the case. Since in the lease payment you aren't financing the tax. (At least in California).
