Ultra Low Mileage Lease wtf? - AcuraZine Community
AcuraZine Acura Forums Home Acura CL Forums Acura ILX Forums Acura MDX Forums Acura NSX Forums Acura RDX ForumsAcura RL ForumsAcura RSX ForumsAcura TL ForumsAcura TSX ForumsAcuraZine ZDX DiscussionAcuraZine Regional DiscussionAcuraZine Off Topic Discussion

Go Back   AcuraZine Community > Automotive Discussion > Car Talk
Sign in using an external account
Register Forgot Password?
Register Albums FAQ Members Calendar Search Today's Posts Mark All Read ExperienceUsed CarsVendor DirectoryGarage
Search
Welcome to AcuraZine Community

Reply
 
 
 
submit to reddit
 
Thread Tools Search this Thread
Old 12-28-2010, 7:11 PM   #1
jupitersolo
cameras R my crack
Garage is empty, add now
 
jupitersolo's Avatar
 
Trader Rating: (0)
Join Date: Mar 2006
Location: Fairfax, Va.
Age: 49
Posts: 34,580
Thanks: 688
Thanked 602 Times in 374 Posts
Points: 42,915, Level: 100
Points: 42,915, Level: 100 Points: 42,915, Level: 100 Points: 42,915, Level: 100
Activity: 28.7%
Activity: 28.7% Activity: 28.7% Activity: 28.7%
Ultra Low Mileage Lease wtf?

WTF?

Cadillac SRX Crossover commercial says $2229 at signing and $429 per month, I think not bad, I then catch it's a ultra low mile lease. I have to go to website to figure it out. Thirty nine month lease @ 32,500 miles, that's just under 8400 miles per year.
This ad is not displayed to registered or logged-in members.
Register your free account today and become a member on Acurazine!
__________________
OLD2006 ASM A/T Navi
35% Tint,Clear Bra,Decklid Spoiler,'07 Switchblade Key Fob,'07 Smoked Rear Side Markers,Aspec Body Kit & Suspension,Aspec Sparkle Sliver,Comptech RSB w/Energy Bushings,Color Matched Front Plate Holder
NEW 2013 Sliver on Blk Honda Pilot
jupitersolo is online now   Reply With Quote
Old 12-28-2010, 7:17 PM   #2
Never Summer
Registered Member
2012 Volkswagen Jetta
 
Never Summer's Avatar
 
Trader Rating: (0)
Join Date: Jul 2007
Location: Denver, Colorado
Age: 23
Posts: 3,404
Thanks: 0
Thanked 22 Times in 11 Posts
Points: 9,212, Level: 64
Points: 9,212, Level: 64 Points: 9,212, Level: 64 Points: 9,212, Level: 64
Activity: 0.4%
Activity: 0.4% Activity: 0.4% Activity: 0.4%
Any 39 month lease is a bad deal, especially when you consider that you're paying for a full year of taxes/registration fees on the car for the final three months you will have it. In Colorado it would end up being an entire year for the just the last month as we have a 60 day grace period to get plates in the first place.
__________________
N809FR, N907FR, N910FR, N916FR, N920FR, N922FR, N925FR, N927FR, N928FR [X2], N934FR, N949FR, C-GARO,
F-GKXB, N804AW, N521UW, N540UW, N828UA, N430UA, N481UA, N313US, N326US, N337NW, N368NW
Never Summer is offline   Reply With Quote
Old 12-28-2010, 9:27 PM   #3
neuronbob
Senior Moderator
2013 Cadillac CTS-V wagon
My Garage
 
neuronbob's Avatar
 
Trader Rating: (0)
Join Date: Nov 2001
Location: Cleveland, OH
Posts: 15,333
Thanks: 716
Thanked 1,041 Times in 561 Posts
Points: 46,475, Level: 100
Points: 46,475, Level: 100 Points: 46,475, Level: 100 Points: 46,475, Level: 100
Activity: 29.6%
Activity: 29.6% Activity: 29.6% Activity: 29.6%
You think that's bad. I saw an ad for the local Porsche dealer today. They are running a lease deal on Boxsters and Cayennes. $459/mo for the Boxster and $999/mo for the Cayenne, 36 months I think, 5000 miles a year on each. Holy bad deals Batman!
__________________
neuronbob
-------------
GO CAVS! Welcome back, LeBron!
2013 CTS-V 6 MT wagon, Opulent Blue Metallic/Ebony

2002 Honda S2000 Sebring Silver/Black (weekend fun)
2007 Honda Pilot EX-L Navi, Nimbus Grey Metallic (wife's ride)
neuronbob is online now   Reply With Quote
Old 12-28-2010, 9:31 PM   #4
jchan2
Registered Member
Garage is empty, add now
 
Trader Rating: (0)
Join Date: Jul 2010
Location: Nashville, TN
Age: 22
Posts: 331
Thanks: 1
Thanked 4 Times in 4 Posts
Points: 3,610, Level: 37
Points: 3,610, Level: 37 Points: 3,610, Level: 37 Points: 3,610, Level: 37
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Quote:
Originally Posted by jupitersolo View Post
WTF?

Cadillac SRX Crossover commercial says $2229 at signing and $429 per month, I think not bad, I then catch it's a ultra low mile lease. I have to go to website to figure it out. Thirty nine month lease @ 32,500 miles, that's just under 8400 miles per year.
They are betting that a lot of people won't read the mileage restriction and then end up going way over and then simply decide to buy out the car at the end of the lease.

I always scratch my head at those...The BMW advertised leases that only give you 10k miles a year also kind of make me scratch my head.
__________________
Current Car: 2007 Acura TSX- Nighthawk Black Pearl/Parchment, 70,500 miles as of 2/1/14
jchan2 is offline   Reply With Quote
Old 12-28-2010, 9:45 PM   #5
achenator
Registered Member
Garage is empty, add now
 
Trader Rating: (0)
Join Date: Oct 2005
Location: New Orleans LA area
Age: 41
Posts: 1,890
Thanks: 58
Thanked 117 Times in 47 Posts
Points: 8,952, Level: 63
Points: 8,952, Level: 63 Points: 8,952, Level: 63 Points: 8,952, Level: 63
Activity: 2.5%
Activity: 2.5% Activity: 2.5% Activity: 2.5%
Quote:
Originally Posted by neuronbob View Post
You think that's bad. I saw an ad for the local Porsche dealer today. They are running a lease deal on Boxsters and Cayennes. $459/mo for the Boxster and $999/mo for the Cayenne, 36 months I think, 5000 miles a year on each. Holy bad deals Batman!
That and I saw a Panamera Turbo tonight with a $165k sticker. HOLY FAWK!!
achenator is offline   Reply With Quote
Old 12-28-2010, 10:11 PM   #6
Brandon24pdx
Por Favor?
Garage is empty, add now
 
Trader Rating: (0)
Join Date: Nov 2005
Location: Seattle
Age: 33
Posts: 2,292
Thanks: 0
Thanked 9 Times in 8 Posts
Points: 8,078, Level: 60
Points: 8,078, Level: 60 Points: 8,078, Level: 60 Points: 8,078, Level: 60
Activity: 0.3%
Activity: 0.3% Activity: 0.3% Activity: 0.3%
Quote:
Originally Posted by achenator View Post
That and I saw a Panamera Turbo tonight with a $165k sticker. HOLY FAWK!!
Damn, that would be more than $2500/mo payment if you financed it for 60 months
__________________
2013 C250 Coupe Sport+
Brandon24pdx is offline   Reply With Quote
Old 12-28-2010, 10:20 PM   #7
MarbleGT
'08 MX5 GT 6spd.
Garage is empty, add now
 
MarbleGT's Avatar
 
Trader Rating: (0)
Join Date: Apr 2004
Location: The Lone Star State
Posts: 6,552
Thanks: 153
Thanked 605 Times in 289 Posts
Points: 24,622, Level: 95
Points: 24,622, Level: 95 Points: 24,622, Level: 95 Points: 24,622, Level: 95
Activity: 10.8%
Activity: 10.8% Activity: 10.8% Activity: 10.8%
My MX5 was $5k at signing, $289 monthly with 19.5k miles/year.
MarbleGT is offline   Reply With Quote
Old 12-29-2010, 5:02 AM   #8
mrmako
I have a Spec B in
Garage is empty, add now
 
mrmako's Avatar
 
Trader Rating: (0)
Join Date: Sep 2005
Location: Deutchland
Posts: 3,359
Thanks: 435
Thanked 90 Times in 66 Posts
Points: 9,770, Level: 66
Points: 9,770, Level: 66 Points: 9,770, Level: 66 Points: 9,770, Level: 66
Activity: 8.4%
Activity: 8.4% Activity: 8.4% Activity: 8.4%
I think anything more than 2 years is a waste. At 39 months, just buy the thing.
__________________
Quote:
Originally Posted by rockstar143
You know, like, different. The head room is tight for sure. Especially in the rear. We actually once went to lunch in his car and fit four full grown men in the back seat. elbow to cockk. the only way we roll.
2006 JDM Subaru 3.0R Spec B
2013 Volvo XC90
mrmako is offline   Reply With Quote
Old 12-29-2010, 11:13 AM   #9
silver3.5
Registered Member
Garage is empty, add now
 
Trader Rating: (0)
Join Date: May 2009
Location: WISCONSIN
Age: 39
Posts: 1,285
Thanks: 1
Thanked 38 Times in 35 Posts
Points: 5,399, Level: 47
Points: 5,399, Level: 47 Points: 5,399, Level: 47 Points: 5,399, Level: 47
Activity: 0.9%
Activity: 0.9% Activity: 0.9% Activity: 0.9%
why would anyone want to lease for 39 months? the norm is usually 36 months w/ 12K miles a year! anything higher than that is a waste; might was well just buy the car. i've seen quite a few people with 2 year leases; if you want a new every other year, this is the way to go.
__________________
'02 3.5RL w/ Nav
silver3.5 is offline   Reply With Quote
Old 12-29-2010, 11:17 AM   #10
Crazy Bimmer
Moderator
2009 BMW M3
My Garage
 
Crazy Bimmer's Avatar
 
Trader Rating: (0)
Join Date: Jan 2001
Location: Chicago Burbs
Age: 33
Posts: 35,641
Thanks: 278
Thanked 555 Times in 250 Posts
Points: 69,998, Level: 100
Points: 69,998, Level: 100 Points: 69,998, Level: 100 Points: 69,998, Level: 100
Activity: 4.8%
Activity: 4.8% Activity: 4.8% Activity: 4.8%
Quote:
Originally Posted by o2cls View Post
My MX5 was $5k at signing, $289 monthly with 19.5k miles/year.

That sounds like a lot...
__________________
2001 BMW 740il sport
2014 VW Jetta 1.8t
www.Facebook.com/IndDistribution
Crazy Bimmer is offline   Reply With Quote
Old 12-29-2010, 11:33 AM   #11
majin ssj eric
Punk Rocker
Garage is empty, add now
 
majin ssj eric's Avatar
 
Trader Rating: (0)
Join Date: Aug 2004
Location: St Simons Island, GA
Age: 35
Posts: 3,375
Thanks: 5
Thanked 27 Times in 23 Posts
Points: 11,415, Level: 70
Points: 11,415, Level: 70 Points: 11,415, Level: 70 Points: 11,415, Level: 70
Activity: 2.1%
Activity: 2.1% Activity: 2.1% Activity: 2.1%
I don't know what you guys are smoking with this 2 year lease stuff. The average lease term is 36 months and they typically have the best deals. Car makers push the 36 month lease with more attractive money factors and better residuals than two year leases. I have a 39 month lease and am quite happy with it. My payment is about $200/mo less than if I bought it and after just over 3 years I can get a new one without ever having been out of warranty. Seems like a no-brainer to me....
__________________
'13 Lexus GS 350 F-Sport starfire pearl/flaxen w/nav
'09 Hyundai Genesis V6 sapphire blue/tan w/nav
'97 Ford Expedition Eddie Bauer white/tan
majin ssj eric is offline   Reply With Quote
Old 12-29-2010, 11:42 AM   #12
ZhenyaF
Off roading in his
2014 Jeep Grand Cherokee
 
ZhenyaF's Avatar
 
Trader Rating: (6)
Join Date: Mar 2006
Location: Brooklyn, NY
Age: 28
Posts: 980
Thanks: 33
Thanked 16 Times in 13 Posts
Points: 8,796, Level: 63
Points: 8,796, Level: 63 Points: 8,796, Level: 63 Points: 8,796, Level: 63
Activity: 0.5%
Activity: 0.5% Activity: 0.5% Activity: 0.5%
My lease is for 10k miles a year. I got the car on June 17, so far I put 4200 miles on it.

I put 12k miles on the TL in 16 months. So these low mileage leases are not a bad idea for some people.

As for the lease on the boxster - chances are it won't be a daily driver so even 5,000 miles may be enough
ZhenyaF is offline   Reply With Quote
Old 12-29-2010, 11:54 AM   #13
dallison
registered pw
Garage is empty, add now
 
dallison's Avatar
 
Trader Rating: (0)
Join Date: Aug 2003
Location: south central pa
Age: 39
Posts: 37,996
Thanks: 30
Thanked 159 Times in 114 Posts
Points: 48,340, Level: 100
Points: 48,340, Level: 100 Points: 48,340, Level: 100 Points: 48,340, Level: 100
Activity: 4.9%
Activity: 4.9% Activity: 4.9% Activity: 4.9%
Quote:
Originally Posted by ZhenyaF View Post
.

As for the lease on the boxster - chances are it won't be a daily driver so even 5,000 miles may be enough
that is normal yearly mileage for a p-car
dallison is offline   Reply With Quote
Old 12-29-2010, 5:10 PM   #14
neuronbob
Senior Moderator
2013 Cadillac CTS-V wagon
My Garage
 
neuronbob's Avatar
 
Trader Rating: (0)
Join Date: Nov 2001
Location: Cleveland, OH
Posts: 15,333
Thanks: 716
Thanked 1,041 Times in 561 Posts
Points: 46,475, Level: 100
Points: 46,475, Level: 100 Points: 46,475, Level: 100 Points: 46,475, Level: 100
Activity: 29.6%
Activity: 29.6% Activity: 29.6% Activity: 29.6%
Still, the P-car deal is awful. I would drive it only six months a year and paying for a car that I wouldn't use is just a waste of money.
__________________
neuronbob
-------------
GO CAVS! Welcome back, LeBron!
2013 CTS-V 6 MT wagon, Opulent Blue Metallic/Ebony

2002 Honda S2000 Sebring Silver/Black (weekend fun)
2007 Honda Pilot EX-L Navi, Nimbus Grey Metallic (wife's ride)
neuronbob is online now   Reply With Quote
Old 12-29-2010, 5:50 PM   #15
mrmako
I have a Spec B in
Garage is empty, add now
 
mrmako's Avatar
 
Trader Rating: (0)
Join Date: Sep 2005
Location: Deutchland
Posts: 3,359
Thanks: 435
Thanked 90 Times in 66 Posts
Points: 9,770, Level: 66
Points: 9,770, Level: 66 Points: 9,770, Level: 66 Points: 9,770, Level: 66
Activity: 8.4%
Activity: 8.4% Activity: 8.4% Activity: 8.4%
I've never been a lease guy. It just seemed like a waste to me to "rent" a vehicle for 2-3 years.
__________________
Quote:
Originally Posted by rockstar143
You know, like, different. The head room is tight for sure. Especially in the rear. We actually once went to lunch in his car and fit four full grown men in the back seat. elbow to cockk. the only way we roll.
2006 JDM Subaru 3.0R Spec B
2013 Volvo XC90
mrmako is offline   Reply With Quote
Old 12-29-2010, 7:18 PM   #16
pttl
My first Avatar....
Garage is empty, add now
 
pttl's Avatar
 
Trader Rating: (0)
Join Date: May 2006
Location: NJ
Posts: 6,821
Thanks: 764
Thanked 817 Times in 429 Posts
Points: 8,358, Level: 61
Points: 8,358, Level: 61 Points: 8,358, Level: 61 Points: 8,358, Level: 61
Activity: 22.0%
Activity: 22.0% Activity: 22.0% Activity: 22.0%
Quote:
Originally Posted by mrmako View Post
I've never been a lease guy. It just seemed like a waste to me to "rent" a vehicle for 2-3 years.


I suppose it allows you to get into a car without the upfront cost...a large down payment... thereby allowing you to have more car than you'd actually be able to afford.
pttl is offline   Reply With Quote
Old 12-29-2010, 7:22 PM   #17
Crazy Bimmer
Moderator
2009 BMW M3
My Garage
 
Crazy Bimmer's Avatar
 
Trader Rating: (0)
Join Date: Jan 2001
Location: Chicago Burbs
Age: 33
Posts: 35,641
Thanks: 278
Thanked 555 Times in 250 Posts
Points: 69,998, Level: 100
Points: 69,998, Level: 100 Points: 69,998, Level: 100 Points: 69,998, Level: 100
Activity: 4.8%
Activity: 4.8% Activity: 4.8% Activity: 4.8%
I am not against leasing depending on money factor and residual on the car.

Sometimes you can make the numbers to work out where you are just paying for the depreciation of the vehicle, same money loss as if you were to finance it.

Of course if you were someone who drove a lot or kept cars for longer than 3-4 years then its not for you.

I never leased before but if the M3 at the time had good rates then I would have done it.
__________________
2001 BMW 740il sport
2014 VW Jetta 1.8t
www.Facebook.com/IndDistribution
Crazy Bimmer is offline   Reply With Quote
Old 12-29-2010, 7:22 PM   #18
NJ SHAWD
Back From The dead
2004 Toyota MR2
My Garage
 
NJ SHAWD's Avatar
 
Trader Rating: (0)
Join Date: Dec 2009
Location: NJ
Age: 50
Posts: 1,973
Thanks: 101
Thanked 22 Times in 18 Posts
ToOld4Games
Points: 7,668, Level: 58
Points: 7,668, Level: 58 Points: 7,668, Level: 58 Points: 7,668, Level: 58
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
2011 civic LX lease

$140 month for 36 months and they make the first payment ($1000 down) 12,000 per year... Or $172 per month with $0 down.

Either case $11,900 residual

Total out of pocket $6192 for three years
__________________
12 Genesis 3.8 sedan
14 Equus 5.0 sedan
04 MRS Spyder 1.8
45 cars in 32 years: http://acurazine.com/forums/showthread.php?t=779744

Last edited by NJ SHAWD; 12-29-2010 at 7:24 PM.
NJ SHAWD is offline   Reply With Quote
Old 12-29-2010, 7:22 PM
AcuraZine
Acura Integra




Paid Advertisement


 
 
 
submit to reddit
Reply

Tags
2011, car, cayenne, cts, factor, forum, lease, low, lowest, milage, mileage, money, nj, ultra, year

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 10:42 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Honda and the Honda marquee are registered trademarks of the American Honda Motor Company, Inc. Neither American Honda Motor Company nor its subsidiaries or affiliates shall bear any responsibility for Acurazine.com content, comments, or advertising. Acurazine.com is not affiliated with American Honda Motor Company in any way. American Honda Motor Company does not sponsor, support, or endorse Acurazine.com in any way. Copyright/trademark/sales mark infringements are not intended or implied.
Passwords Backup