Lease ends this year - keep '09 or walk away?

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Old 05-06-2011, 05:24 PM
  #81  
Three Wheelin'
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Originally Posted by ressling
Lot of variables in play, and depends on the situation. I actually just bought mine off the lease today, more than 6 months early. The buyout was at $21.5k and I got such a good interest rate, I couldn't pass it up.

I officially own (well not really, until it's paid off) my '09 TSX now!

Bank holds the title until the car is paid off; that's how the game goes...
This is very interesting to me, as I was just telling my coworkers how it usually isn't a good idea to, essentially, finance a used car. May I ask how good of an interest rate you got?
Old 05-06-2011, 06:17 PM
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hey ress, congrats on your new car purchase. I am coming back to all these threads when i can afford a new car
Old 05-06-2011, 11:37 PM
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Originally Posted by MrOtocinclus
May I ask how good of an interest rate you got?
3.59%

I called my dealer to see if they could match it, and they told me to just move on hehe.

I really wish I would have just bought the car in the first place and gotten the Acura 0.9%, which, by the way, is no longer offered.
Old 05-06-2011, 11:43 PM
  #84  
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Originally Posted by KillerG
hey ress, congrats on your new car purchase. I am coming back to all these threads when i can afford a new car
Thanks Killer. I don't quite follow though, aren't you in a new TSX now? or no?
Old 05-09-2011, 10:22 AM
  #85  
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Originally Posted by defconskylude
how can he sell a leased car without having title in hand?
I will ask..

from my limited understanding, I believe he sells the car, or agrees to a sale with a buyer, and then the p/o amount is given to the dealer, and he pockets the difference. But I'll ask, cause I'd like to know exactly how this takes place.
Old 05-12-2011, 01:44 AM
  #86  
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Originally Posted by ressling
3.59%

I called my dealer to see if they could match it, and they told me to just move on hehe.

I really wish I would have just bought the car in the first place and gotten the Acura 0.9%, which, by the way, is no longer offered.
3.59%, not bad at all.

That's exactly what I was telling my coworkers, that the manufacturer wants you to buy the car new, so they offer super-low interest rates that you normally would not be able to get with a used car.

Still, I'm assuming 3.59 on roughly 20k, for a car you know and love, definitely worth it.
Old 05-12-2011, 08:21 AM
  #87  
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Originally Posted by MrOtocinclus
Still, I'm assuming 3.59 on roughly 20k, for a car you know and love, definitely worth it.
Agreed! The benefit to having good credit is that you are more likely to get a good rate. Now if I only had a money tree out back...
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