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re: How stupid are the owners/managers at car dealerships?
Posted on 7/28/14 at 2:53 pm to mouton
Posted on 7/28/14 at 2:53 pm to mouton
I'm not going to argue with you. You don't answer simple straight-forward questions, you lack reading comprehension skills and when cornered, you resort to name-calling. We both know you wouldn't behave this way in person.
Leasing may have tightened up it's credit requirements, but there is no doubt that people (and dealers) use leasing as tool to get them in a more expensive car than they would qualify for otherwise. That said, certain makes will get you in a lease if you can fog a mirror (Nissan and Rover).
I don't have an axe to grind here. I give honest advice based on buying and trading cars on the retail and wholesale level for 35+ years. I'm successful in business (not automotive related) and if I can share some of my hard-earned mistakes with others, I will do so.
Leasing may have tightened up it's credit requirements, but there is no doubt that people (and dealers) use leasing as tool to get them in a more expensive car than they would qualify for otherwise. That said, certain makes will get you in a lease if you can fog a mirror (Nissan and Rover).
I don't have an axe to grind here. I give honest advice based on buying and trading cars on the retail and wholesale level for 35+ years. I'm successful in business (not automotive related) and if I can share some of my hard-earned mistakes with others, I will do so.
0
Posted on 7/28/14 at 2:57 pm to LNCHBOX
quote:
Enjoy the eternal car payment.
Most people do have an eternal car payment. If you normally pay off a car leasing does not make sense.
Posted on 7/28/14 at 3:02 pm to LNCHBOX
quote:
It's amazing to me you run and hide from every point that makes you look like a fool. I noticed you never even bothered with the 3 years of payments that you brought up and how that got thrown right back in your face. Should we get you a shovel to keep digging?
So are you asserting that the average car buyer has positive equity three years into a loan??
Posted on 7/28/14 at 3:03 pm to mouton
quote:
So are you asserting that the average car buyer has positive equity three years into a loan??
Did you just gloss over my example, or what?
Posted on 7/28/14 at 3:06 pm to mouton
quote:
So are you asserting that the average car buyer has positive equity three years into a loan??
I would think so yes
A car should be at least 50% paid off in 3 years and they don't normally depreciate that much, unless they are higher mileage than leases allow
Posted on 7/28/14 at 3:08 pm to mouton
quote:it does if the dealership wants it. There is a buyout on every lease turn in and if the dealership wants it then they buy it
It really is amazing to me that you think that when you turn in a leased vehicle it becomes part of the dealerships inventory
Posted on 7/28/14 at 3:09 pm to Croacka
Agree.
Just about any dog is worth 50 points after 3 years and normal miles.
Trucks and Jeep Wranglers are worth waaaay more than that. Freakin' Tacomas might still be worth 90%.
The big BMWs and M-Bs, maybe not.
Just about any dog is worth 50 points after 3 years and normal miles.
Trucks and Jeep Wranglers are worth waaaay more than that. Freakin' Tacomas might still be worth 90%.
The big BMWs and M-Bs, maybe not.
Posted on 7/28/14 at 3:17 pm to VetteGuy
quote:
The big BMWs and M-Bs, maybe not.
Well, we are on the OT
Posted on 7/28/14 at 3:18 pm to VetteGuy
Posted on 7/28/14 at 3:22 pm to LNCHBOX
That's not as bad as I thought. a bit better than 50%, but I bet you could offer $70K or $50K and you'd be ridin' in style.
After 5-6 years, they are boat anchors.
Errybody afraid of $10K transmissions.
After 5-6 years, they are boat anchors.
Errybody afraid of $10K transmissions.
Posted on 7/28/14 at 3:32 pm to LNCHBOX
quote:
Why mouton is so hell bent on the three year window, I'll never know.
Typical length of leases
Posted on 7/28/14 at 3:33 pm to Topwater Trout
quote:
Typical length of leases
Oh I get it, it just does a really terrible job of illustrating the "point" he keeps trying to make.
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