Costco

Now, if only you could lease and have a new, hot, young woman every 3-5 years

oonowindoo

3-5 years? Wtf is wrong with you

it should be 3-5 weeks.

Rick_TL-S

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.

subinf

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.

Yumcha

Hey...at least you didn't say 3-5 hours.

charliemike

I have often wondered why someone would lease for 48 months. It doesn't seem to make sense. Why not just pay some more a month and pay it off in five years?

For cars like Lexus, what is the leasing sweet spot?

Rick_TL-S

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.

charliemike

I'm curious. But I would also say that the dealership and the customer have competing motives too

oonowindoo

it is stupid to lease a car for that long. that defeats the whole purpose of leasing.

i was trying to compare to typical finance terms of 60 months. Leasing anything more than 36 months is stupid.

oonowindoo

It all depends on the residual of particular car and the type of programs each brand has for this car at certain month.

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.

oonowindoo

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.

Costco

I guess it's different when you're in a relationship

If I were single again, yeah 3-5 weeks

oonowindoo

no, my friend, that is especially true for people who are in relationships!!

i assume you have not been with your girl for too long..........

oonowindoo

i am being realistic.

For 3-5 hours, hookers will be cheaper.

Costco

Yes... the lovely honeymoon stage. After that it becomes work.

So I should be looking for a 6-12 month lease?

subinf

Are most vehicles financed for 60 months?

charliemike

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.

Aman

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.

Costco

Haha, domestics. I would know.

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.

RPhilMan1

'93 RX-7 twin turbo with 3,234 miles.

http://www.diamondmotorworks.com/det...-11610218.html

RPhilMan1

Holy cow, this dealer has 7 Supras.

5 are automatic.

One 15th anniversary edition. Auto though. http://www.diamondmotorworks.com/det...-11295397.html

charliemike

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.

srika

better driver's car than most cars today.

well, except for that engine issue.

srika

5 are auto and 1 is NA

the MT is a '93 Anthracite tho, very rare color.

Costco

No kidding, I didn't even know they made them in that color.

Yumcha

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:

srika

Majofo

charliemike

I remember one of the car magazines doing a comparison of the next generation MR2 against a 328 ... That seemed a fairer fight at the time.

subinf

I'm considering swapping the auto trans in the supra for a manual. Just not sure if I want to tackle that project.

oonowindoo

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.

oonowindoo

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.

charliemike

That's a pretty strong endorsement!

srika

I like the sound of diesels.

used to love those old Mercedes diesels of the 80's heh and the aroma of the fuel

oonowindoo

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.

charliemike

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.

Majofo

Yumcha

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

Yumcha

BMW's M235 is pitted against the Lexus IS-F in a drag race...vroom.

srika

did everyone see MT's comparison vid of GTR vs Z28? just saw it today. pretty nice!