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Message
1
Posted on 7/28/14 at 1:00 pm to N2cars
I'm waiting for the "well if you invest the difference between a finance payment and lease payment you come out better line."
But that would be hilarious from a guy that doesn't seem to get how amortization tables work.
But that would be hilarious from a guy that doesn't seem to get how amortization tables work.
Posted on 7/28/14 at 1:11 pm to LNCHBOX
Or the "but if you have a business, you can write it off" guys.
Like you only write off an expense that's a lease.
Like you only write off an expense that's a lease.
Posted on 7/28/14 at 1:22 pm to N2cars
quote:
Leasing is a great way to move product and keep the average buyer in a note.
Bingo.
"The worst vehicle accidents happen on a show room floor." - Dave Ramsey.
A little extreme, but he makes a good point.
Always negotiate as if you don't need it.
Leasing provides a good deal for four parties - the sales person, the F & I guy, the dealership’s owner and the finance company (leasing company). It is a lousy deal for the customer. You owe something, but you own nothing. Leasing adds a layer of complexity to the deal that allows the salesman to hide or misrepresent the true purchase price.
Leasing has become an incredibly effective tool for dealers to sell their product at a significantly higher price and profit margin and is often "pushed" or "encouraged" through the sales process.
This post was edited on 7/28/14 at 1:24 pm
Posted on 7/28/14 at 1:25 pm to Will Cover
The easiest way to look at it this:
If leasing was a good deal for the consumer compared to just outright purchasing, why would dealers ever have made it an option?
If leasing was a good deal for the consumer compared to just outright purchasing, why would dealers ever have made it an option?
Posted on 7/28/14 at 1:27 pm to LNCHBOX
Agreed.
A leasing customer is more likely to return to the same dealership to get their next vehicle and next vehicle and next vehicle. Even though your original sales person will be long gone, the dealership is able to maintain customer retention and that's where it pays off for them in the long run.
A leasing customer is more likely to return to the same dealership to get their next vehicle and next vehicle and next vehicle. Even though your original sales person will be long gone, the dealership is able to maintain customer retention and that's where it pays off for them in the long run.
Posted on 7/28/14 at 1:27 pm to LNCHBOX
Because it is an easier sale with a lower payment.
Posted on 7/28/14 at 1:27 pm to Will Cover
I was thinking of just the basics and how good it is for the dealer.
You move the product, you write the paper, and you are assured of getting a clean, low mileage car for your used lot in 36 months. Then, you sell the customer on another lease.
Rinse, repeat.
I have learned that they have gotten away from being so chickenshit on turn-ins. I guess they were afraid they were going to kill the golden goose.
ETA: also, can finance (lease) people with lower credit scores.
You move the product, you write the paper, and you are assured of getting a clean, low mileage car for your used lot in 36 months. Then, you sell the customer on another lease.
Rinse, repeat.
I have learned that they have gotten away from being so chickenshit on turn-ins. I guess they were afraid they were going to kill the golden goose.
ETA: also, can finance (lease) people with lower credit scores.
This post was edited on 7/28/14 at 1:33 pm
Posted on 7/28/14 at 1:28 pm to mouton
quote:
Because it is an easier sale with a lower payment.
Why would a dealer want a lower payment?
Posted on 7/28/14 at 1:31 pm to N2cars
quote:
You move the product, you write the paper, and you are assured of getting a clean, low mileage car for your used lot in 36 months. Then, you sell the customer on another lease. Rinse, repeat
How does a dealer get a good clean car for their lot in 36 months from a lease?
Posted on 7/28/14 at 1:32 pm to mouton
quote:
How does a dealer get a good clean car for their lot in 36 months from a lease?
Is this a serious question?
And you called other people clueless
Posted on 7/28/14 at 1:32 pm to LNCHBOX
quote:
Why would a dealer want a lower payment?
Because most people are payment buyers.
Posted on 7/28/14 at 1:33 pm to mouton
quote:
Because most people are payment buyers.
So the dealer gives you more car for less money, to do a favor for the buyer?
I never realized car dealers were so good natured.
Posted on 7/28/14 at 1:34 pm to mouton
You really have reading comprehension problems.
So you're on your what? Your third or fourth lease?
So you're on your what? Your third or fourth lease?
This post was edited on 7/28/14 at 1:35 pm
Posted on 7/28/14 at 2:15 pm to LNCHBOX
quote:
How does a dealer get a good clean car for their lot in 36 months from a lease? Is this a serious question? And you called other people clueless
Explain then and we will find out who is clueless.
Posted on 7/28/14 at 2:16 pm to mouton
quote:
Explain then and we will find out who is clueless.
Where do you turn the car into when you're done?
Posted on 7/28/14 at 2:18 pm to mouton
First you tell me how many leases you've signed. I bet at least three.
Posted on 7/28/14 at 2:18 pm to Hammertime
just had a good service department experience.
Found out the gf's Pathfinder had a coolant leak into the transmission. Vacation this weekend. Was promised today it would have a new transmission and radiator by Wednesday.
Had only 400 miles before the special warranty ended. (this ONE problem is warranted until 80k miles after that you have to pay $3000 co-pay)
Found out the gf's Pathfinder had a coolant leak into the transmission. Vacation this weekend. Was promised today it would have a new transmission and radiator by Wednesday.
Had only 400 miles before the special warranty ended. (this ONE problem is warranted until 80k miles after that you have to pay $3000 co-pay)
Posted on 7/28/14 at 2:23 pm to LNCHBOX
quote:
Explain then and we will find out who is clueless. Where do you turn the car into when you're done?
That is exactly where you TURN IT IN.
Posted on 7/28/14 at 2:23 pm to mouton
Thanks for showing us who is clueless bro. Talk to you later. 
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