i think we can all agree that if you put a lot of miles on your car or may be likely to darn it up a little, leasing is a bad idea. or, if you are one of these guys who drives a car for a long time (i am), then leasing isn't smarter financially.
as for some of the concerns like interest rates, residual value, etc i think all of that is negotiable. obviously, you don't do it unless you understand how it works and have in your mind what a good deal is. but you can get all of that information on the internet.
i could never buy a new, nice car because of the loss you take once it becomes used.
i have a couple alerts out there that will tell me when certain manufacturers are offering good deals on leases. if i see one i like, i may run with it. if i do it, it will have to be a nice car. we'll see if anything works out.
finally, as to the most important point, if the laws in this country were fair, the Church of ClubDirt would be tax free and i'd lease under the company, i mean, church name and have all you guys pay for my car. but who said life was fair?
The interest rates are not negotiable to anywhere near a major savings. (Lately, not at all)
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Quote Originally Posted by ClubDirt:
i think we can all agree that if you put a lot of miles on your car or may be likely to darn it up a little, leasing is a bad idea. or, if you are one of these guys who drives a car for a long time (i am), then leasing isn't smarter financially.
as for some of the concerns like interest rates, residual value, etc i think all of that is negotiable. obviously, you don't do it unless you understand how it works and have in your mind what a good deal is. but you can get all of that information on the internet.
i could never buy a new, nice car because of the loss you take once it becomes used.
i have a couple alerts out there that will tell me when certain manufacturers are offering good deals on leases. if i see one i like, i may run with it. if i do it, it will have to be a nice car. we'll see if anything works out.
finally, as to the most important point, if the laws in this country were fair, the Church of ClubDirt would be tax free and i'd lease under the company, i mean, church name and have all you guys pay for my car. but who said life was fair?
The interest rates are not negotiable to anywhere near a major savings. (Lately, not at all)
The interest rates are not negotiable to anywhere near a major savings. (Lately, not at all)
i haven't dealt with this so i don't know but you can take the documents home and figure out exactly what you are paying, over the term of the lease and present value. other areas are negotiable. if you get in your range, it could be worth it.
i agree that for almost everyone, buying is better. what makes the most sense is to buy a reliable used car, maybe 2-3 years old with reasonable mileage and ride that thing out for a long time. that's what i've always done.
but, you only live once and if you want to drive a nice car for a few years, leasing seems to be a reasonable way to do it if you can get a good deal.
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Quote Originally Posted by scalabrine:
The interest rates are not negotiable to anywhere near a major savings. (Lately, not at all)
i haven't dealt with this so i don't know but you can take the documents home and figure out exactly what you are paying, over the term of the lease and present value. other areas are negotiable. if you get in your range, it could be worth it.
i agree that for almost everyone, buying is better. what makes the most sense is to buy a reliable used car, maybe 2-3 years old with reasonable mileage and ride that thing out for a long time. that's what i've always done.
but, you only live once and if you want to drive a nice car for a few years, leasing seems to be a reasonable way to do it if you can get a good deal.
If you decide to buy new I recommend looking into this strategy: Pick what car you want with exactly what features you want. Then email/call every dealer within a certain radius, say 50 miles for example. Tell them that you want this specific car with these specific features and ask them what is the best deal they can give you. After you have 4 or 5 quotes, start leveraging the dealers against each other. You can even let them know they are competing against each other. One of the sales people should be eager to get the sale and will be willing to come down of the MSRP enough to make buying the car worth your while.
If all of this goes as planned then go and test drive the car and make sure it's up to your standards.
Let the free market work for you.
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If you decide to buy new I recommend looking into this strategy: Pick what car you want with exactly what features you want. Then email/call every dealer within a certain radius, say 50 miles for example. Tell them that you want this specific car with these specific features and ask them what is the best deal they can give you. After you have 4 or 5 quotes, start leveraging the dealers against each other. You can even let them know they are competing against each other. One of the sales people should be eager to get the sale and will be willing to come down of the MSRP enough to make buying the car worth your while.
If all of this goes as planned then go and test drive the car and make sure it's up to your standards.
If you decide to buy new I recommend looking into this strategy: Pick what car you want with exactly what features you want. Then email/call every dealer within a certain radius, say 50 miles for example. Tell them that you want this specific car with these specific features and ask them what is the best deal they can give you. After you have 4 or 5 quotes, start leveraging the dealers against each other. You can even let them know they are competing against each other. One of the sales people should be eager to get the sale and will be willing to come down of the MSRP enough to make buying the car worth your while.
If all of this goes as planned then go and test drive the car and make sure it's up to your standards.
Let the free market work for you.
i'm not buying a new car but i did this two cars ago. it was funny that a lot of dealerships give their email addresses and fax numbers but when you contact them that way, many of them wouldn't respond unless you gave them your phone number. that tells you a lot. if you can't make it look good on paper, i don't want to hear your bullshit.
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Quote Originally Posted by Ktrain:
If you decide to buy new I recommend looking into this strategy: Pick what car you want with exactly what features you want. Then email/call every dealer within a certain radius, say 50 miles for example. Tell them that you want this specific car with these specific features and ask them what is the best deal they can give you. After you have 4 or 5 quotes, start leveraging the dealers against each other. You can even let them know they are competing against each other. One of the sales people should be eager to get the sale and will be willing to come down of the MSRP enough to make buying the car worth your while.
If all of this goes as planned then go and test drive the car and make sure it's up to your standards.
Let the free market work for you.
i'm not buying a new car but i did this two cars ago. it was funny that a lot of dealerships give their email addresses and fax numbers but when you contact them that way, many of them wouldn't respond unless you gave them your phone number. that tells you a lot. if you can't make it look good on paper, i don't want to hear your bullshit.
If you decide to buy new I recommend looking into this strategy: Pick what car you want with exactly what features you want. Then email/call every dealer within a certain radius, say 50 miles for example. Tell them that you want this specific car with these specific features and ask them what is the best deal they can give you. After you have 4 or 5 quotes, start leveraging the dealers against each other. You can even let them know they are competing against each other. One of the sales people should be eager to get the sale and will be willing to come down of the MSRP enough to make buying the car worth your while.
If all of this goes as planned then go and test drive the car and make sure it's up to your standards.
Let the free market work for you.
I have done this twice. I had a number in my head (based off of other options in town) and told the dealer that I would like to purchase a specific car and that the max i will pay is $X.
Then dealer went into sales mode and I politely told him that I understand what he is saying however, this is the max value that I will pay and I am not interested in negotiating. Both times the dealer then said he has to go speak to his manager at which point I said that is fine but that he also needs to tell his manager that I am not interested in negotiating and that this is my offer. Worked one time failed another time.
Someone told me about this approach and I like it. Do the research. Come up with a number and cut the BS. The trick is that you have to be prepared to walk.
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Quote Originally Posted by Ktrain:
If you decide to buy new I recommend looking into this strategy: Pick what car you want with exactly what features you want. Then email/call every dealer within a certain radius, say 50 miles for example. Tell them that you want this specific car with these specific features and ask them what is the best deal they can give you. After you have 4 or 5 quotes, start leveraging the dealers against each other. You can even let them know they are competing against each other. One of the sales people should be eager to get the sale and will be willing to come down of the MSRP enough to make buying the car worth your while.
If all of this goes as planned then go and test drive the car and make sure it's up to your standards.
Let the free market work for you.
I have done this twice. I had a number in my head (based off of other options in town) and told the dealer that I would like to purchase a specific car and that the max i will pay is $X.
Then dealer went into sales mode and I politely told him that I understand what he is saying however, this is the max value that I will pay and I am not interested in negotiating. Both times the dealer then said he has to go speak to his manager at which point I said that is fine but that he also needs to tell his manager that I am not interested in negotiating and that this is my offer. Worked one time failed another time.
Someone told me about this approach and I like it. Do the research. Come up with a number and cut the BS. The trick is that you have to be prepared to walk.
i haven't dealt with this so i don't know but you can take the documents home and figure out exactly what you are paying, over the term of the lease and present value. other areas are negotiable. if you get in your range, it could be worth it.
i agree that for almost everyone, buying is better. what makes the most sense is to buy a reliable used car, maybe 2-3 years old with reasonable mileage and ride that thing out for a long time. that's what i've always done.
but, you only live once and if you want to drive a nice car for a few years, leasing seems to be a reasonable way to do it if you can get a good deal.
I can assure you there is very little wiggle room on the difference of the interest rate between buying and leasing. They stick with set rates. The rates you hear on the radio or TV ads are for BUYING. There's really nothing else to negotiate except a few thousand off the price, if that.
Then you get down there and think your lease be at that rate.
Not so. The lease rate is SIGNIFICANTLY higher. Sometimes more than triple.
Why do you think that is? Because people rationalize the rate by saying, hey it's only over 3 years then the car is off my hands. And the dealer gets three years of the top tier rate out of 20 30 40 cars leased a day 3x40=120 months of top tier rates instead of the 10 cars they sell for 5 years of payments at the floor rate 10x5=50.
140 high vs 50 low
All hypothetical but this is what drives leases...the interest on the payments.
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Quote Originally Posted by ClubDirt:
i haven't dealt with this so i don't know but you can take the documents home and figure out exactly what you are paying, over the term of the lease and present value. other areas are negotiable. if you get in your range, it could be worth it.
i agree that for almost everyone, buying is better. what makes the most sense is to buy a reliable used car, maybe 2-3 years old with reasonable mileage and ride that thing out for a long time. that's what i've always done.
but, you only live once and if you want to drive a nice car for a few years, leasing seems to be a reasonable way to do it if you can get a good deal.
I can assure you there is very little wiggle room on the difference of the interest rate between buying and leasing. They stick with set rates. The rates you hear on the radio or TV ads are for BUYING. There's really nothing else to negotiate except a few thousand off the price, if that.
Then you get down there and think your lease be at that rate.
Not so. The lease rate is SIGNIFICANTLY higher. Sometimes more than triple.
Why do you think that is? Because people rationalize the rate by saying, hey it's only over 3 years then the car is off my hands. And the dealer gets three years of the top tier rate out of 20 30 40 cars leased a day 3x40=120 months of top tier rates instead of the 10 cars they sell for 5 years of payments at the floor rate 10x5=50.
140 high vs 50 low
All hypothetical but this is what drives leases...the interest on the payments.
i'm not buying a new car but i did this two cars ago. it was funny that a lot of dealerships give their email addresses and fax numbers but when you contact them that way, many of them wouldn't respond unless you gave them your phone number. that tells you a lot. if you can't make it look good on paper, i don't want to hear your bullshit.
Shows their character and that they shouldn't be dealt with. Good for you for not catering to them. I'm sure there is some salesman out there in your area that would be willing to work with you, and if not you haven't lost anything except a few minutes.
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Quote Originally Posted by ClubDirt:
i'm not buying a new car but i did this two cars ago. it was funny that a lot of dealerships give their email addresses and fax numbers but when you contact them that way, many of them wouldn't respond unless you gave them your phone number. that tells you a lot. if you can't make it look good on paper, i don't want to hear your bullshit.
Shows their character and that they shouldn't be dealt with. Good for you for not catering to them. I'm sure there is some salesman out there in your area that would be willing to work with you, and if not you haven't lost anything except a few minutes.
I have done this twice. I had a number in my head (based off of other options in town) and told the dealer that I would like to purchase a specific car and that the max i will pay is $X.
Then dealer went into sales mode and I politely told him that I understand what he is saying however, this is the max value that I will pay and I am not interested in negotiating. Both times the dealer then said he has to go speak to his manager at which point I said that is fine but that he also needs to tell his manager that I am not interested in negotiating and that this is my offer. Worked one time failed another time.
Someone told me about this approach and I like it. Do the research. Come up with a number and cut the BS. The trick is that you have to be prepared to walk.
Very true about the walking part. A lot of people would probably start negotiating at that point. Good for you for sticking to your guns.
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Quote Originally Posted by mattbrot:
I have done this twice. I had a number in my head (based off of other options in town) and told the dealer that I would like to purchase a specific car and that the max i will pay is $X.
Then dealer went into sales mode and I politely told him that I understand what he is saying however, this is the max value that I will pay and I am not interested in negotiating. Both times the dealer then said he has to go speak to his manager at which point I said that is fine but that he also needs to tell his manager that I am not interested in negotiating and that this is my offer. Worked one time failed another time.
Someone told me about this approach and I like it. Do the research. Come up with a number and cut the BS. The trick is that you have to be prepared to walk.
Very true about the walking part. A lot of people would probably start negotiating at that point. Good for you for sticking to your guns.
I can assure you there is very little wiggle room on the difference of the interest rate between buying and leasing. They stick with set rates. The rates you hear on the radio or TV ads are for BUYING. There's really nothing else to negotiate except a few thousand off the price, if that.
Then you get down there and think your lease be at that rate.
Not so. The lease rate is SIGNIFICANTLY higher. Sometimes more than triple.
Why do you think that is? Because people rationalize the rate by saying, hey it's only over 3 years then the car is off my hands. And the dealer gets three years of the top tier rate out of 20 30 40 cars leased a day 3x40=120 months of top tier rates instead of the 10 cars they sell for 5 years of payments at the floor rate 10x5=50.
140 high vs 50 low
All hypothetical but this is what drives leases...the interest on the payments.
i understand that but some of the the stuff is negotiable like price, residual value, other costs they try and throw in and with the interest rate, you can figure out the total amount you are paying over the term of the lease and figure out the present value if you want.
i agree with your point. the lease isn't the best deal for just about everyone. but i can see it being reasonable if you want to try and drive a nice, new car fopr a while without owning a depreciating, expensive asset.
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Quote Originally Posted by scalabrine:
I can assure you there is very little wiggle room on the difference of the interest rate between buying and leasing. They stick with set rates. The rates you hear on the radio or TV ads are for BUYING. There's really nothing else to negotiate except a few thousand off the price, if that.
Then you get down there and think your lease be at that rate.
Not so. The lease rate is SIGNIFICANTLY higher. Sometimes more than triple.
Why do you think that is? Because people rationalize the rate by saying, hey it's only over 3 years then the car is off my hands. And the dealer gets three years of the top tier rate out of 20 30 40 cars leased a day 3x40=120 months of top tier rates instead of the 10 cars they sell for 5 years of payments at the floor rate 10x5=50.
140 high vs 50 low
All hypothetical but this is what drives leases...the interest on the payments.
i understand that but some of the the stuff is negotiable like price, residual value, other costs they try and throw in and with the interest rate, you can figure out the total amount you are paying over the term of the lease and figure out the present value if you want.
i agree with your point. the lease isn't the best deal for just about everyone. but i can see it being reasonable if you want to try and drive a nice, new car fopr a while without owning a depreciating, expensive asset.
I know a person who has done both and kept strict records of costs (maintenance, gas, payments, etc.) and found that it was overall very similar in terms of cost per mile no matter what you do. That was his experience. So, yeah, it might be more complicated than you think.
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Quote Originally Posted by 14daroad:
Gee, this one is real hard to figure out.
Lease = rent
buy = own
Not complicated.
I know a person who has done both and kept strict records of costs (maintenance, gas, payments, etc.) and found that it was overall very similar in terms of cost per mile no matter what you do. That was his experience. So, yeah, it might be more complicated than you think.
i'm not buying a new car but i did this two cars ago. it was funny that a lot of dealerships give their email addresses and fax numbers but when you contact them that way, many of them wouldn't respond unless you gave them your phone number. that tells you a lot. if you can't make it look good on paper, i don't want to hear your bullshit.
That's why I LOVED the Ford A plan. It was a special price that you got that was better than any dealer could ever give you. In fact, Ford would reimburse the dealer for the difference....just as an incentive to keep people related to Ford employees driving Ford products. I have not had to negotiate a price on a vehicle for over 20 years.
I will pay mine off in about a year and will only have about 65K miles on it. I'm looking forward to a couple of years of not having a car payment.
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Quote Originally Posted by ClubDirt:
i'm not buying a new car but i did this two cars ago. it was funny that a lot of dealerships give their email addresses and fax numbers but when you contact them that way, many of them wouldn't respond unless you gave them your phone number. that tells you a lot. if you can't make it look good on paper, i don't want to hear your bullshit.
That's why I LOVED the Ford A plan. It was a special price that you got that was better than any dealer could ever give you. In fact, Ford would reimburse the dealer for the difference....just as an incentive to keep people related to Ford employees driving Ford products. I have not had to negotiate a price on a vehicle for over 20 years.
I will pay mine off in about a year and will only have about 65K miles on it. I'm looking forward to a couple of years of not having a car payment.
I have done this twice. I had a number in my head (based off of other options in town) and told the dealer that I would like to purchase a specific car and that the max i will pay is $X.
Then dealer went into sales mode and I politely told him that I understand what he is saying however, this is the max value that I will pay and I am not interested in negotiating. Both times the dealer then said he has to go speak to his manager at which point I said that is fine but that he also needs to tell his manager that I am not interested in negotiating and that this is my offer. Worked one time failed another time.
Someone told me about this approach and I like it. Do the research. Come up with a number and cut the BS. The trick is that you have to be prepared to walk.
Bingo. If you walk and they don't budge, you know where you stand. Take that info. and try and use it to your advantage at the next dealer. If they sell you a car, they are making money on you. Nothing wrong with them making a buck or two.....just give them as little free money as you possibly can.
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Quote Originally Posted by mattbrot:
I have done this twice. I had a number in my head (based off of other options in town) and told the dealer that I would like to purchase a specific car and that the max i will pay is $X.
Then dealer went into sales mode and I politely told him that I understand what he is saying however, this is the max value that I will pay and I am not interested in negotiating. Both times the dealer then said he has to go speak to his manager at which point I said that is fine but that he also needs to tell his manager that I am not interested in negotiating and that this is my offer. Worked one time failed another time.
Someone told me about this approach and I like it. Do the research. Come up with a number and cut the BS. The trick is that you have to be prepared to walk.
Bingo. If you walk and they don't budge, you know where you stand. Take that info. and try and use it to your advantage at the next dealer. If they sell you a car, they are making money on you. Nothing wrong with them making a buck or two.....just give them as little free money as you possibly can.
I know a person who has done both and kept strict records of costs (maintenance, gas, payments, etc.) and found that it was overall very similar in terms of cost per mile no matter what you do. That was his experience. So, yeah, it might be more complicated than you think.
Was it a similar type vehicle?
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Quote Originally Posted by HutchEmAll:
I know a person who has done both and kept strict records of costs (maintenance, gas, payments, etc.) and found that it was overall very similar in terms of cost per mile no matter what you do. That was his experience. So, yeah, it might be more complicated than you think.
The only way I'm parting with a lump of cash on a stupid car is if it's a classic that holds/appreciates in value. Otherwise rent a Honda or some other oriental car that doesn't tank in value for the lease term.
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The only way I'm parting with a lump of cash on a stupid car is if it's a classic that holds/appreciates in value. Otherwise rent a Honda or some other oriental car that doesn't tank in value for the lease term.
and i kind of like the idea of the car not being mine. a car is a depreciating asset, not a good investment.
I will be honest I quit reading the thread here as this is where my opinion applies. I will never not pay cash for a car. Now a days you can get a very good used car with low miles and have no payment. I am lucky to have a dad as a mechanic and a very good friend who is a used car dealer. Matter of fact I went to the auction today. I am thinking of getting into the business myself.
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Quote Originally Posted by ClubDirt:
and i kind of like the idea of the car not being mine. a car is a depreciating asset, not a good investment.
I will be honest I quit reading the thread here as this is where my opinion applies. I will never not pay cash for a car. Now a days you can get a very good used car with low miles and have no payment. I am lucky to have a dad as a mechanic and a very good friend who is a used car dealer. Matter of fact I went to the auction today. I am thinking of getting into the business myself.
I will be honest I quit reading the thread here as this is where my opinion applies. I will never not pay cash for a car. Now a days you can get a very good used car with low miles and have no payment. I am lucky to have a dad as a mechanic and a very good friend who is a used car dealer. Matter of fact I went to the auction today. I am thinking of getting into the business myself.
that's what i've always done- buy a toyota, 2-3 years old, pay for the whole thing up front unless they have 0% interest
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Quote Originally Posted by NoWorries21:
I will be honest I quit reading the thread here as this is where my opinion applies. I will never not pay cash for a car. Now a days you can get a very good used car with low miles and have no payment. I am lucky to have a dad as a mechanic and a very good friend who is a used car dealer. Matter of fact I went to the auction today. I am thinking of getting into the business myself.
that's what i've always done- buy a toyota, 2-3 years old, pay for the whole thing up front unless they have 0% interest
I would rather be locked in a closet for a week with Jason Collins then ever step foot in a car dealership again. I can't stand those criminals. They should all be locked up the way they try to steal from every person. They're in the business of stealing people's money.
My last experience was in 2005. We had decent credit and we had very good income at the time. My wife like the new Pathfinder at the time. I walked in, was a person as I usually am, showing them Im not gonna be pushed around. It was a Pathfinder LE. Fully loaded. DVD, leather, everything.
I sat down and listened to their bullshit for an hour. The sticker was 37,900. We went early in the month, which was a mistake. Before they threw me out because of cussing and assholeness, I told them get the Lease Payment down to $400 a month and I'll come sign right now. No money down No bullshit.
Three weeks later I get a call and they asked if I was still interested. I said I'll come sign today if you guy get it at $400. I couldn't believe they caved. I signed that day. I forgot the interest rate. I probably still got screwed. Felt like a sweet deal. Probably wasn't. I'm retarded.
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I would rather be locked in a closet for a week with Jason Collins then ever step foot in a car dealership again. I can't stand those criminals. They should all be locked up the way they try to steal from every person. They're in the business of stealing people's money.
My last experience was in 2005. We had decent credit and we had very good income at the time. My wife like the new Pathfinder at the time. I walked in, was a person as I usually am, showing them Im not gonna be pushed around. It was a Pathfinder LE. Fully loaded. DVD, leather, everything.
I sat down and listened to their bullshit for an hour. The sticker was 37,900. We went early in the month, which was a mistake. Before they threw me out because of cussing and assholeness, I told them get the Lease Payment down to $400 a month and I'll come sign right now. No money down No bullshit.
Three weeks later I get a call and they asked if I was still interested. I said I'll come sign today if you guy get it at $400. I couldn't believe they caved. I signed that day. I forgot the interest rate. I probably still got screwed. Felt like a sweet deal. Probably wasn't. I'm retarded.
yeah, buying a car is brutal. i think you have to get the whole thing on paper and then go home and really go through to see how they are trying to darn you.
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yeah, buying a car is brutal. i think you have to get the whole thing on paper and then go home and really go through to see how they are trying to darn you.
I will be honest I quit reading the thread here as this is where my opinion applies. I will never not pay cash for a car. Now a days you can get a very good used car with low miles and have no payment. I am lucky to have a dad as a mechanic and a very good friend who is a used car dealer. Matter of fact I went to the auction today. I am thinking of getting into the business myself.
Dad as a mechanic? Then this thread really doesn't apply to you.
If that's the case ALWAYS buy used, but really, how many people can say they have that...
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Quote Originally Posted by NoWorries21:
I will be honest I quit reading the thread here as this is where my opinion applies. I will never not pay cash for a car. Now a days you can get a very good used car with low miles and have no payment. I am lucky to have a dad as a mechanic and a very good friend who is a used car dealer. Matter of fact I went to the auction today. I am thinking of getting into the business myself.
Dad as a mechanic? Then this thread really doesn't apply to you.
If that's the case ALWAYS buy used, but really, how many people can say they have that...
Leasing intimidates most people because they don't understand important terms like residual value and money factor. The only time leasing shouldn't be considered is if you drive 20k miles plus every year.
Club, if you listen to anyone in this thread this is the guy to listen to. Everyone else's advice involves their own personal situation. You know your situation the mileage you're going to put on it, the expected shape of the car at the end, the interest rates you're going to get after talking to the dealership etc etc etc.
If you google it you can find plenty of calculators and if you don't trust those you can pick up an economics book at the library. It's easy to follow and not much math involved. The math never lies.
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Quote Originally Posted by I_Need_A_Detox:
Leasing intimidates most people because they don't understand important terms like residual value and money factor. The only time leasing shouldn't be considered is if you drive 20k miles plus every year.
Club, if you listen to anyone in this thread this is the guy to listen to. Everyone else's advice involves their own personal situation. You know your situation the mileage you're going to put on it, the expected shape of the car at the end, the interest rates you're going to get after talking to the dealership etc etc etc.
If you google it you can find plenty of calculators and if you don't trust those you can pick up an economics book at the library. It's easy to follow and not much math involved. The math never lies.
Club, if you listen to anyone in this thread this is the guy to listen to. Everyone else's advice involves their own personal situation. You know your situation the mileage you're going to put on it, the expected shape of the car at the end, the interest rates you're going to get after talking to the dealership etc etc etc.
If you google it you can find plenty of calculators and if you don't trust those you can pick up an economics book at the library. It's easy to follow and not much math involved. The math never lies.
Bill -- in regards to the bolded part above -- this is true. But it should be the case. Just as Club should make his decision based on his personal situation of how he views cars.
Everybody's personal situation shapes the decision.
- How much do you have to spend
- do you view a ride as a luxury piece or just as a way to get from point A to B?
- How long do you plan on owning it? Do you itch to get in new wheels every few years or are you straight with the same thing for a while?
- What is your annual mileage?
etc...
The pros and cons of leasing/buying changes depending on the answer to these types of questions.
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Quote Originally Posted by bill702:
Club, if you listen to anyone in this thread this is the guy to listen to. Everyone else's advice involves their own personal situation. You know your situation the mileage you're going to put on it, the expected shape of the car at the end, the interest rates you're going to get after talking to the dealership etc etc etc.
If you google it you can find plenty of calculators and if you don't trust those you can pick up an economics book at the library. It's easy to follow and not much math involved. The math never lies.
Bill -- in regards to the bolded part above -- this is true. But it should be the case. Just as Club should make his decision based on his personal situation of how he views cars.
Everybody's personal situation shapes the decision.
- How much do you have to spend
- do you view a ride as a luxury piece or just as a way to get from point A to B?
- How long do you plan on owning it? Do you itch to get in new wheels every few years or are you straight with the same thing for a while?
- What is your annual mileage?
etc...
The pros and cons of leasing/buying changes depending on the answer to these types of questions.
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