New leases are mind boggling !
04-28-2017, 03:23 PM
#21
Cool. So in Texas, I can lease a z06 for 36 months for 2000 down plus 36 payments of 599 totaling 21564 plus 6.25% sales tax on 70762 (4422) for a grand total of $27985.
30 grand for 3 years and at the end i own nothing. LOL
30 grand for 3 years and at the end i own nothing. LOL
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STINGmole (05-03-2017)
04-28-2017, 03:27 PM
#22
Le Mans Master
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.
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direct007 (05-03-2017)
04-28-2017, 03:35 PM
#23
[QUOTE=thill444;1594627331
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.[/QUOTE]
Wait, we were talking about cars? I thought it was dating . .
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.[/QUOTE]
Wait, we were talking about cars? I thought it was dating . .
04-28-2017, 03:42 PM
#24
leased my wifes mazda 3 i will never do that again,
ended up buying the car after the lease was over after all there lease turn in charges, tires didnt meet there requirements, front bumper had 3 scratches on it etc etc etc, 1,800.00 to turn the car in and we were 10,000 miles under the miles that we were allowed,
basically they will charge for everythig but if you go under the miles the car is worth more and you will get no credit.
of course you lease another car from them they waive all the fee's
ended up buying the car after the lease was over after all there lease turn in charges, tires didnt meet there requirements, front bumper had 3 scratches on it etc etc etc, 1,800.00 to turn the car in and we were 10,000 miles under the miles that we were allowed,
basically they will charge for everythig but if you go under the miles the car is worth more and you will get no credit.
of course you lease another car from them they waive all the fee's
Last edited by solarstingray; 04-28-2017 at 03:58 PM.
04-28-2017, 03:47 PM
#25
Le Mans Master
leased my wifes mazda 3 i will never do that again,
ended up buying the car after the lease was over after all there lease turn in charges, tires didnt meet there requirements, front bumper had 3 scratches on it etc etc etc, 1,800.00 to turn the car in and we were 10,000 miles under the miles that we were allowed,
basically they will charge for everythig but if you go under the miles the car is worth more and you will get no credit.
of course you lease another car from them tehy waive all the fee's
ended up buying the car after the lease was over after all there lease turn in charges, tires didnt meet there requirements, front bumper had 3 scratches on it etc etc etc, 1,800.00 to turn the car in and we were 10,000 miles under the miles that we were allowed,
basically they will charge for everythig but if you go under the miles the car is worth more and you will get no credit.
of course you lease another car from them tehy waive all the fee's
Leasing, to me, makes the most sense on cars that depreciate like a rock and have high ownership costs after 3+ years and also have favorable lease terms. I would never lease a Honda, Subaru, Toyota, etc because they hold their value really well and have very low ownership costs. Leasing can also make a big difference if you can claim it for business purposes.
04-28-2017, 07:28 PM
#26
Le Mans Master
Yeah some great deals at Les Stanford and the other large volume Corvette dealers. Trouble is when it comes to your trade you will get far less than a low volume dealer. Just talked with someone last week at Les Stanford they were going to allow me $5000 less (ACV) than a local dealer! Granted that their discount was about $2000 better but with 5 grand less for the trade I am doing $3000 better locally. Clean deal ...large volume dealer. Trade in...better off locally! I have proven this more than once!
04-28-2017, 11:41 PM
#27
Those seem like great deals!
04-29-2017, 02:16 AM
#28
Those are great lease deals.
04-29-2017, 05:58 AM
#29
Racer
Well if you put $2K down on a Z06 and make payments for 3 years and then go to sell the car you don't really own anything either and are likely upside down based on depreciation.
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.
Either a moron or someone that'll have the car repo'd when they can't make their $1600 payment every month. I guess that's one in the same.Leases are acceptable only if you can write it off on your taxes for business purposes. At least that's how I see it.
Last edited by kronix; 04-29-2017 at 05:59 AM.
04-29-2017, 08:27 AM
#30
Race Director
I lease our daily's
I get bored a couple years in and that has always gotten me in trouble as you get crushed on trade ins. I look at my lease payments as a way of life an expense to always have a car under warranty and newer.
On on the positive side I have received checks from him on 4 occasions because my cars were always in good shape and brought more at their auctions last check I received was about 400 bucks. I have never been dinged on lease turn in have known plenty who have
On a new Durango we leased in 2011 I looked into how much it would be to get out of it we weren't happy with it. I actually had about 1100 in equity it was a little more than 1 yr old that's with zero down rebates for car in house at time and local offers. Leasing can be good if you don't max mileage out and know the MF and residual. Those are key(as mentioned by another member).
I get bored a couple years in and that has always gotten me in trouble as you get crushed on trade ins. I look at my lease payments as a way of life an expense to always have a car under warranty and newer.
On on the positive side I have received checks from him on 4 occasions because my cars were always in good shape and brought more at their auctions last check I received was about 400 bucks. I have never been dinged on lease turn in have known plenty who have
On a new Durango we leased in 2011 I looked into how much it would be to get out of it we weren't happy with it. I actually had about 1100 in equity it was a little more than 1 yr old that's with zero down rebates for car in house at time and local offers. Leasing can be good if you don't max mileage out and know the MF and residual. Those are key(as mentioned by another member).
04-29-2017, 08:48 AM
#31
Le Mans Master
Who puts $2000 down on a $85K when buying? Either a moron or someone that'll have the car repo'd when they can't make their $1600 payment every month. I guess that's one in the same.
Leases are acceptable only if you can write it off on your taxes for business purposes. At least that's how I see it.
Either a moron or someone that'll have the car repo'd when they can't make their $1600 payment every month. I guess that's one in the same.Leases are acceptable only if you can write it off on your taxes for business purposes. At least that's how I see it.
04-29-2017, 02:14 PM
#32
Race Director
^^^^agreed.
penfed payment saver option at 36 months is only 1.49% i did it vs long term finance or lease thinking i can take advantage of the equity in it and tax exchange on my next vette or whatever i buy. can't do that on a lease. payment saver loan like a lease without the negative effects if you can sell or trade your car without hassle. which i should be able to as i take care of mine and it may have 10k miles if i driver it way more than i do now in 3 yrs lol
penfed payment saver option at 36 months is only 1.49% i did it vs long term finance or lease thinking i can take advantage of the equity in it and tax exchange on my next vette or whatever i buy. can't do that on a lease. payment saver loan like a lease without the negative effects if you can sell or trade your car without hassle. which i should be able to as i take care of mine and it may have 10k miles if i driver it way more than i do now in 3 yrs lol
05-02-2017, 10:22 PM
#33
I think supporting dealers should advertise some lease deals more often than opposed to just what discounts they can offer off the MSRP.
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Mobil 1 (05-02-2017)
05-02-2017, 11:44 PM
#34
Well if you put $2K down on a Z06 and make payments for 3 years and then go to sell the car you don't really own anything either and are likely upside down based on depreciation.
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.
Leasing is like renting. Depending on the deal and the buyers habits it can often be better than buying the car.
05-03-2017, 01:40 AM
#35
Safety Car
The think I saw in that ad was that the 20% off deals have started early this year. I don't/won't lease but getting a 2017 now for fully equipped for $85,000 is a deal worth considering.
05-03-2017, 10:44 AM
#36
Le Mans Master
No lease option on the z07?
05-03-2017, 06:46 PM
#37
Le Mans Master
05-03-2017, 06:47 PM
#38
Le Mans Master
Inemailed les standford because i got the same mailer and im interested. Deals end "5/31/17" according to the mailer which conflicts with some dealers saying loyalty money is gone this month
05-03-2017, 07:03 PM
#39
The lease almost always makes more sense and saves money. People are just uninformed and reluctant because most of us just do what we have done.
EX:
1-The taxes are paid monthly, NOT all up front. If it's wrecked, stolen or traded you've only paid for the taxes for the time you had it.
2- You can get out at the end of the lease without wondering how much negative you are in the car you no longer want. Sell it if it's worth more or walk away if it's not and you don't want it.
3- Try to get your $4,5 or 7k down payment back from the insurance company on a totaled car they are paying off...could happen a month, 2 or even a year after buying the car. Money gone and you will pay again on the new one, just like the taxes you lost. They will fight you forever on the value of the car being the payoff amount.
4-Loyalty programs for leased cars are much better than purchased. We pay nothing for drive-offs most times, waived acquisition fees and waived termination fees and bank fees sometimes too!
5-You can drive much more car for the payment you are comfortable paying ---- $90k leased car is often what a $30k car is to buy payment wise, unless you put big cash down. Which again, makes no sense.
EX:
1-The taxes are paid monthly, NOT all up front. If it's wrecked, stolen or traded you've only paid for the taxes for the time you had it.
2- You can get out at the end of the lease without wondering how much negative you are in the car you no longer want. Sell it if it's worth more or walk away if it's not and you don't want it.
3- Try to get your $4,5 or 7k down payment back from the insurance company on a totaled car they are paying off...could happen a month, 2 or even a year after buying the car. Money gone and you will pay again on the new one, just like the taxes you lost. They will fight you forever on the value of the car being the payoff amount.
4-Loyalty programs for leased cars are much better than purchased. We pay nothing for drive-offs most times, waived acquisition fees and waived termination fees and bank fees sometimes too!
5-You can drive much more car for the payment you are comfortable paying ---- $90k leased car is often what a $30k car is to buy payment wise, unless you put big cash down. Which again, makes no sense.
Last edited by CaliVetter; 05-03-2017 at 07:06 PM.
05-03-2017, 10:29 PM
#40
The lease almost always makes more sense and saves money. People are just uninformed and reluctant because most of us just do what we have done.
EX:
1-The taxes are paid monthly, NOT all up front. If it's wrecked, stolen or traded you've only paid for the taxes for the time you had it.
2- You can get out at the end of the lease without wondering how much negative you are in the car you no longer want. Sell it if it's worth more or walk away if it's not and you don't want it.
3- Try to get your $4,5 or 7k down payment back from the insurance company on a totaled car they are paying off...could happen a month, 2 or even a year after buying the car. Money gone and you will pay again on the new one, just like the taxes you lost. They will fight you forever on the value of the car being the payoff amount.
4-Loyalty programs for leased cars are much better than purchased. We pay nothing for drive-offs most times, waived acquisition fees and waived termination fees and bank fees sometimes too!
5-You can drive much more car for the payment you are comfortable paying ---- $90k leased car is often what a $30k car is to buy payment wise, unless you put big cash down. Which again, makes no sense.
EX:
1-The taxes are paid monthly, NOT all up front. If it's wrecked, stolen or traded you've only paid for the taxes for the time you had it.
2- You can get out at the end of the lease without wondering how much negative you are in the car you no longer want. Sell it if it's worth more or walk away if it's not and you don't want it.
3- Try to get your $4,5 or 7k down payment back from the insurance company on a totaled car they are paying off...could happen a month, 2 or even a year after buying the car. Money gone and you will pay again on the new one, just like the taxes you lost. They will fight you forever on the value of the car being the payoff amount.
4-Loyalty programs for leased cars are much better than purchased. We pay nothing for drive-offs most times, waived acquisition fees and waived termination fees and bank fees sometimes too!
5-You can drive much more car for the payment you are comfortable paying ---- $90k leased car is often what a $30k car is to buy payment wise, unless you put big cash down. Which again, makes no sense.
I'm pro lease in a lot of cases and pro buy in some cases. Out of curiosity, you can lease a $90K car for $500/Mo? A $30K car is around $500/Mo. on a typical 60 month financing.