General Car Talk Discussion Thread
#8241
Now, if only you could lease and have a new, hot, young woman every 3-5 years
#8242
Team Owner
3-5 years? Wtf is wrong with you
it should be 3-5 weeks.
it should be 3-5 weeks.
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Aman (04-07-2014)
#8243
if you are the type that will drive a car for 7+ years then it makes sense.
If you get a new car every 3-5 years, then it just does not make sense financially.
People's #1 argument against lease is, "at least i have something to show for after 5 years"
My counter argument will be" That makes sense but you better keep the car for another 3-5 years because if you sell it after 5 years, the $ you get back is the 2 years of additional payments you made vs. lease (if that) and then you buy a new car and you will still have car payments. Makes it no difference from leasing"
Leasing is not for everyone but most of the people don't even know they have the option to sell or trade in the car at any time, buy the car at the end, lease transfer. If you drive too many miles, then lease a car with good resale value and sell it to car max at end of year 3. most of the time, the value of the car will pay off the residual but you got the car with no down payment and cheaper monthly payment.
If you get a new car every 3-5 years, then it just does not make sense financially.
People's #1 argument against lease is, "at least i have something to show for after 5 years"
My counter argument will be" That makes sense but you better keep the car for another 3-5 years because if you sell it after 5 years, the $ you get back is the 2 years of additional payments you made vs. lease (if that) and then you buy a new car and you will still have car payments. Makes it no difference from leasing"
Leasing is not for everyone but most of the people don't even know they have the option to sell or trade in the car at any time, buy the car at the end, lease transfer. If you drive too many miles, then lease a car with good resale value and sell it to car max at end of year 3. most of the time, the value of the car will pay off the residual but you got the car with no down payment and cheaper monthly payment.
I know 60 months is the max for Lexus, but owners are encouraged towards 48 as the better deal.
Last edited by Rick_TL-S; 04-07-2014 at 04:54 PM.
#8244
One on the right for me
I asked once if I was able to lease with an average annual mileage of 20k. Hahaha. I've never understood the appeal of leasing a vehicle.
#8245
Senior Moderator
#8246
Fahrvergnügen'd
The problem here is a lot of dealerships are striving for 36-48 month leases, & no more than 60. After that point, they can still move the car off the lot when it's returned. At 7+ years, it's already close to a decade old. In fact, I can't think of a single dealership in town that will lease beyond 60-72 months max. anymore; some won't even offer that many months unless it's an exception regarding the buyer. I don't think even manufacturers will allow it on their estimates.
I know 60 months is the max for Lexus, but owners are encouraged towards 48 as the better deal.
I know 60 months is the max for Lexus, but owners are encouraged towards 48 as the better deal.
For cars like Lexus, what is the leasing sweet spot?
#8247
Lots of our clients like to switch to vehicles every few years & there's always incentives at the end of their leases if they want to get into a new vehicle. I guess for them, there's less hassle to have a GS for 4 years & then jump into another one or something else, or even a newer model for another 4-5.
They don't see cars the way we do; they're just fancy modes of transportation they have to buy every few years & have the excess money to do so. As someone said, it doesn't make any sense financially at the end of the lease, but the said incentives do a part to entice people to keep doing it whilst the dealer "eats" the cost of the remaining 2-3 months of the previous lease.
As for the sweet spot, I couldn't tell you. All I've been told is 4 years are generally where they like to have the loan term at as it brings the clients back sooner & the cars are generally lightly used. There's more to it, but I haven't really found time to pick the finance office's brains about it.
They don't see cars the way we do; they're just fancy modes of transportation they have to buy every few years & have the excess money to do so. As someone said, it doesn't make any sense financially at the end of the lease, but the said incentives do a part to entice people to keep doing it whilst the dealer "eats" the cost of the remaining 2-3 months of the previous lease.
As for the sweet spot, I couldn't tell you. All I've been told is 4 years are generally where they like to have the loan term at as it brings the clients back sooner & the cars are generally lightly used. There's more to it, but I haven't really found time to pick the finance office's brains about it.
#8249
Team Owner
The problem here is a lot of dealerships are striving for 36-48 month leases, & no more than 60. After that point, they can still move the car off the lot when it's returned. At 7+ years, it's already close to a decade old. In fact, I can't think of a single dealership in town that will lease beyond 60-72 months max. anymore; some won't even offer that many months unless it's an exception regarding the buyer. I don't think even manufacturers will allow it on their estimates.
I know 60 months is the max for Lexus, but owners are encouraged towards 48 as the better deal.
I know 60 months is the max for Lexus, but owners are encouraged towards 48 as the better deal.
i was trying to compare to typical finance terms of 60 months. Leasing anything more than 36 months is stupid.
#8250
Team Owner
Generally speaking, 24 months lease is ideal but usually the monthly payment is higher. 36 months is where majority of leases are. Try to avoid 29/39 month lease, because you will pay for registration at month 24 or 36 and you only get to use 3 months after you paid for a whole year.
People who lease 48 months are the type who don't know shit about cars, they get attracted by the slightly lower monthly payment compare to 24/36 months lease.
#8251
Team Owner
Lots of our clients like to switch to vehicles every few years & there's always incentives at the end of their leases if they want to get into a new vehicle. I guess for them, there's less hassle to have a GS for 4 years & then jump into another one or something else, or even a newer model for another 4-5.
They don't see cars the way we do; they're just fancy modes of transportation they have to buy every few years & have the excess money to do so. As someone said, it doesn't make any sense financially at the end of the lease, but the said incentives do a part to entice people to keep doing it whilst the dealer "eats" the cost of the remaining 2-3 months of the previous lease.
As for the sweet spot, I couldn't tell you. All I've been told is 4 years are generally where they like to have the loan term at as it brings the clients back sooner & the cars are generally lightly used. There's more to it, but I haven't really found time to pick the finance office's brains about it.
They don't see cars the way we do; they're just fancy modes of transportation they have to buy every few years & have the excess money to do so. As someone said, it doesn't make any sense financially at the end of the lease, but the said incentives do a part to entice people to keep doing it whilst the dealer "eats" the cost of the remaining 2-3 months of the previous lease.
As for the sweet spot, I couldn't tell you. All I've been told is 4 years are generally where they like to have the loan term at as it brings the clients back sooner & the cars are generally lightly used. There's more to it, but I haven't really found time to pick the finance office's brains about it.
i have bought several cars new (not leased) and i could never drive it till it is paid off.
In addition to the higher monthly payment and higher down payment, i would always have to pay the upside down because the car is usually always worth less than what you owe.
#8252
#8253
Team Owner
#8254
Team Owner
#8255
The following 2 users liked this post by Costco:
charliemike (04-07-2014),
RPhilMan1 (04-08-2014)
#8256
One on the right for me
I can't agree with you on that. Leasing is perfect for people who have new car itch like me every 2-3 years and don't want to have any of the "upside downs" usually associated with finance the car for 60 months.
i have bought several cars new (not leased) and i could never drive it till it is paid off.
In addition to the higher monthly payment and higher down payment, i would always have to pay the upside down because the car is usually always worth less than what you owe.
i have bought several cars new (not leased) and i could never drive it till it is paid off.
In addition to the higher monthly payment and higher down payment, i would always have to pay the upside down because the car is usually always worth less than what you owe.
#8257
Fahrvergnügen'd
You'd be surprised how many people are going 72 months now, apparently. I took a 60 month loan and am paying it off in no more than 48 months. The rate is so low that it's really not worth paying it off faster. I'd rather have the cash in the bank.
#8258
Your Friendly Canadian
Join Date: Dec 2007
Location: Toronto, Ontario
Age: 31
Posts: 17,431
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1,049 Posts
If someone asks you to replace a taillight bulb on an S197 Mustang... just say no.
We had to remove the subwoofers, the amplifiers, and then pull the taillight out. No other way to do it.
We had to remove the subwoofers, the amplifiers, and then pull the taillight out. No other way to do it.
#8259
I mentioned that it takes less than an hour to do a water pump on an LS1 Camaro. It takes longer doing all 8 plugs. The joke is that step one on a spark plug job is to remove your radio.
Toyota and Honda generally makes it easy to do most things. At least from ~2000 and on. Other manufacturers can suck a fat nut. I wouldn't be surprised if cuss words were created in conjunction with the rise of the modern automobile.
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Aman (04-08-2014)
#8261
2024 Honda Civic Type R
Holy cow, this dealer has 7 Supras.
5 are automatic.
One 15th anniversary edition. Auto though. http://www.diamondmotorworks.com/det...-11295397.html
5 are automatic.
One 15th anniversary edition. Auto though. http://www.diamondmotorworks.com/det...-11295397.html
#8262
Fahrvergnügen'd
I wonder if those cars will be considered desirable classics in another 20 years. They built more of those RX-7s than they did Supra Turbos AFAIK but I can't imagine there are many left on the road that are as nice as those two. I would imagine in another 15-20 years there won't be but a handful of them in that condition.
#8263
Senior Moderator
Thread Starter
well, except for that engine issue.
#8264
Senior Moderator
Thread Starter
Holy cow, this dealer has 7 Supras.
5 are automatic.
One 15th anniversary edition. Auto though. http://www.diamondmotorworks.com/det...-11295397.html
5 are automatic.
One 15th anniversary edition. Auto though. http://www.diamondmotorworks.com/det...-11295397.html
5 are auto and 1 is NA
the MT is a '93 Anthracite tho, very rare color.
#8265
#8266
Senior Moderator
You folks read Motor Trend's write-up of the 1986 Toyota MR2 vs. the 1985 Ferrari 308...?
Nice read: http://www.motortrend.com/classic/ro...qv_comparison/
Some nice pics too:
Nice read: http://www.motortrend.com/classic/ro...qv_comparison/
Some nice pics too:
#8267
Senior Moderator
Thread Starter
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ttribe (04-08-2014)
#8268
Chapter Leader (Southern Region)
#8271
Team Owner
i can't tell you that for sure. But from what i have seen, unless you put down a huge down payment to finance your car, otherwise it is mostly 60 months or 72 months.
For a $30k car, + tax and finance charges to finance for 36 months = $1000 a month. most of the people who buy $30k cars would not or can not pay those kind of monthly payment. With $10k down, it is still going to be around $700 a month for a $30k car for 36 months.
So i would be very surprised if 60/72 months term are not the most common terms.
For a $30k car, + tax and finance charges to finance for 36 months = $1000 a month. most of the people who buy $30k cars would not or can not pay those kind of monthly payment. With $10k down, it is still going to be around $700 a month for a $30k car for 36 months.
So i would be very surprised if 60/72 months term are not the most common terms.
#8272
Team Owner
Just got a 14' 328d loaner while my car is in for service.
Shit i fucking love this car... So much better/smoother than than 328i gas.
It still sounds like a truck in idle, but the annoying sound disappeared as soon as you go over 20mph.
Highly recommended 328d M sport over any F30 3 series right now including 335i.
Shit i fucking love this car... So much better/smoother than than 328i gas.
It still sounds like a truck in idle, but the annoying sound disappeared as soon as you go over 20mph.
Highly recommended 328d M sport over any F30 3 series right now including 335i.
#8274
Senior Moderator
Thread Starter
I like the sound of diesels.
used to love those old Mercedes diesels of the 80's heh and the aroma of the fuel
used to love those old Mercedes diesels of the 80's heh and the aroma of the fuel
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00TL-P3.2 (04-08-2014)
#8275
Team Owner
Because it is a great car. I always thought diesel runs out of juice at higher speed, it did not feel like it when i was driving (up to 100mph)
The torque feel + 8at makes it feel like the acceleration feel you get from an electric car.
The torque feel + 8at makes it feel like the acceleration feel you get from an electric car.
#8276
Fahrvergnügen'd
A 328d M-Sport with the Lighting package and Harmon Kardon is $45k. That's not too bad, all things considered. It does leave me wishing some things were in there like comfort access and heated seats for the money but a two to three year old 328d for $30-32k off lease could end up being quite a bargain.
#8277
Chapter Leader (Southern Region)
#8278
Senior Moderator
Since some of you treegoats don't even know the Motorsports sub-forum exists, this thread may be worthy of your time: https://acurazine.com/forums/showthr...9#post14957779
#8279
Senior Moderator
BMW's M235 is pitted against the Lexus IS-F in a drag race...vroom.
#8280
Senior Moderator
Thread Starter
did everyone see MT's comparison vid of GTR vs Z28? just saw it today. pretty nice!