Car Buying Advice given freely
May 4th 2005, 6:29 am
#46
Joined: Mar 2003
Posts: 68,280
Re: Car Buying Advice given freely
Being a Chrysler fan ...
May 4th 2005, 6:32 am
#47
Powder Maggot
Joined: Nov 2004
Location: Nuevo Mexico
Posts: 4,452
Re: Car Buying Advice given freely
Originally Posted by TRPardoe
For the buyer who want to stay in warranty and who wants never to be upside down when they get their next vehicle, a lease is the best, if not the only option.
In a lease, the car is worth nothing to you because you are not free to sell. You continue to owe more money on a zero-value asset until the expiration of your lease. The best you can hope for is to transfer the lease with no immediate loss.
May 4th 2005, 6:35 am
#48
Gone but not forgotten. RIP
Thread Starter
Joined: Apr 2001
Posts: 1,570
Re: Car Buying Advice given freely
Originally Posted by DonnaElvira
Some people like the peace of mind of having a newish car that is under warranty, particularly if they drive long distances and/or often drive in difficult conditions.
But let's face it, most people would do better getting a 2-3 old used car and keeping it for another 2-3 years. With data resources that are available now, it shouldn't be too difficult to find out which makes and models have a good long-term track record (and resale value).
I think the fact that car ads emphasise monthly payments rather than the total cost of the car is a clear indicator that the industry doesn't want people to think in terms of the latter. (I remember when we were buying our current car I had to ask the salesman FOUR times for a calculator so I could work this out. In the end we paid cash, which they found extremely 'strange'...)
But let's face it, most people would do better getting a 2-3 old used car and keeping it for another 2-3 years. With data resources that are available now, it shouldn't be too difficult to find out which makes and models have a good long-term track record (and resale value).
I think the fact that car ads emphasise monthly payments rather than the total cost of the car is a clear indicator that the industry doesn't want people to think in terms of the latter. (I remember when we were buying our current car I had to ask the salesman FOUR times for a calculator so I could work this out. In the end we paid cash, which they found extremely 'strange'...)
Al the adverts are doing is telling the majority what they want to hear.
May 4th 2005, 6:36 am
#49
Powder Maggot
Joined: Nov 2004
Location: Nuevo Mexico
Posts: 4,452
Re: Car Buying Advice given freely
Originally Posted by TRPardoe
It makes no difference to my income whether my customers lease or buy.
May 4th 2005, 6:38 am
#50
Gone but not forgotten. RIP
Thread Starter
Joined: Apr 2001
Posts: 1,570
Re: Car Buying Advice given freely
I think I am done with this thread. The few people left on it are die-hard hate-leasing types with nothing else to contribute.
tata 'till next time..........
tata 'till next time..........
May 4th 2005, 6:39 am
#51
Powder Maggot
Joined: Nov 2004
Location: Nuevo Mexico
Posts: 4,452
Re: Car Buying Advice given freely
Originally Posted by TRPardoe
I think I am done with this thread. The few people left on it are die-hard hate-leasing types with nothing else to contribute.
tata 'till next time..........
tata 'till next time..........
May 4th 2005, 6:46 am
#52
Homebody
Joined: Jan 2005
Location: HOME
Posts: 23,182
Re: Car Buying Advice given freely
Originally Posted by AdobePinon
See ya!
May 4th 2005, 7:14 am
#53
Account Closed
Joined: Mar 2004
Posts: 2
Re: Car Buying Advice given freely
Originally Posted by DonnaElvira
I note he never remembered to recommend "The Car Buyer's Art - how to beat the salesman at his own game", by Darrell Parrish, ISBN 0-9612322-0-X
This amused me no end, go down about half way where it really gets going.
I do not have the bottle to do this myself but I wish i knew somebody who could!
PS It takes 2 to Tango, the dealer can of course turn down any counter offer. If they did not make something out of it , I am sure they would tell him where to go.
May 4th 2005, 7:26 am
#54
Septicity
Joined: May 2004
Posts: 23,762
Re: Car Buying Advice given freely
Originally Posted by TRPardoe
Most people are what is called "payment buyers". That is all a lot of people are interested in. "How much is it going to cost me per month for how long ?"
Al the adverts are doing is telling the majority what they want to hear.
Al the adverts are doing is telling the majority what they want to hear.
May 4th 2005, 7:29 am
#55
Not living a 9 to 5 life
Joined: Jun 2002
Location: North Carolina
Posts: 11,061
Re: Car Buying Advice given freely
Originally Posted by fatbrit
I really think the major friction here is that the vast majority of people on this particular board just ain't most people.
NC Penguin
May 4th 2005, 7:34 am
#56
Homebody
Joined: Jan 2005
Location: HOME
Posts: 23,182
Re: Car Buying Advice given freely
Originally Posted by Boiler
http://forum.miata.net/cgi-bin/ultim...c;f=6;t=022208
This amused me no end, go down about half way where it really gets going.
This amused me no end, go down about half way where it really gets going.
May 4th 2005, 7:53 am
#57
Powder Maggot
Joined: Nov 2004
Location: Nuevo Mexico
Posts: 4,452
Re: Car Buying Advice given freely
From the link above:
"Do this at your own peril. I have been banned, and aksed never to come back at a certain dealership (japanese brand) in Cerritos, CA. <snip> I have gotten a letter from the owner not asking me to come back, ever."
For those still around: As far as being die-hard-against-lease. No, I'm not. For a few people leases really do work well. I'm not one of them. And I resent being told that leases are right for almost everyone, and that it's all about lowering your monthly payment.
"Do this at your own peril. I have been banned, and aksed never to come back at a certain dealership (japanese brand) in Cerritos, CA. <snip> I have gotten a letter from the owner not asking me to come back, ever."
For those still around: As far as being die-hard-against-lease. No, I'm not. For a few people leases really do work well. I'm not one of them. And I resent being told that leases are right for almost everyone, and that it's all about lowering your monthly payment.
Last edited by AdobePinon; May 4th 2005 at 7:58 am.
May 4th 2005, 9:30 am
#58
Joined: Feb 2002
Posts: 6,848
Re: Car Buying Advice given freely
Originally Posted by TRPardoe
It sounds like you are perfect lease customers.
You want to stay in warranty, you don't like trading-in, you look after your vehicle. Unless you drive a ridiculous amount of miles leasing is perfect for you.
If you want more info send me a PM.
You want to stay in warranty, you don't like trading-in, you look after your vehicle. Unless you drive a ridiculous amount of miles leasing is perfect for you.
If you want more info send me a PM.
Husband paid cash for the Volvo (and the Dodge Caravan before that).
My friend is self-employed so it's sensible for her to lease as she can write some of the costs off for tax....yet when she returned the last car they added on penalty fees for the dings and scratches on the bodywork that were caused by other drivers in car parks. It doesn't seem to be clear to me what in the dealer's opinion actually constitutes 'fair wear and tear' but surely the dealers can't expect a three-year old car to be returned in mint condition?
We had also read the Carbuyingtips website (way back in 2000 before we even moved to the States) and we came to the conclusion that leasing wasn't really for us.
May 4th 2005, 9:32 am
#59
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Car Buying Advice given freely
Originally Posted by AdobePinon
As far as being die-hard-against-lease. No, I'm not. For a few people leases really do work well. I'm not one of them. And I resent being told that leases are right for almost everyone, and that it's all about lowering your monthly payment.
self-employed and can write off the expense
have to have the peace of a new car under warranty (I'd personally rather buy an older better quality/reliable car)
want to drive a car they could not afford to buy
I like to retain/build wealth for myself, not let the dealer do it on my behalf
give you a real world example
One of my friends just got a 4 year lease on a honda accord, I recently got a 4 year loan on a porsche
my payments are about 30% more a month
in four years I will have a car worth 70% of what I paid for it
In four years she will have NOTHING to show for all the payments she made
In those 4 years she will also have been driving a relatively mediocre car (US accords are not the same as UK ones)
how can leasing be better?
