Chrysler has already decided. GM & Ford will have limitations. Things are definitely changing.
Check this out
Check this out
No more leases?
- Thread starter rabman5
- Start date
Old Fart advise to follow: ======= Unless you have a business don't lease and make somone else rich..never buy a car you could not pay cash for if you wanted or needed. If you can't do that, then get a car you can. You are only fooling yourself. Personal financial foundations built on clay and not on solid footing will crumble and the day of reckoning will come sooner or later. 
Never really understood the lease thing... I guess it is good if you are always gonna change the car, is that right? I bought mine on a 3yr personal loan. I have 1 year to go, at which point it is paid off in full. I will then prob keep it another 3 or 4 years at the very least. Oh how I (just about) remember the days where I owned my car outright (it was a 1 litre Nissan Micra!)
.. as for kidding myself, I am happy swimming in the pool of my own ignorance
.. as for kidding myself, I am happy swimming in the pool of my own ignorance
Guys I agree to disagree. I consider myself to be very financially educated (means I'm a dope). We own two Hondas which I fought tooth and nail to get at invoice. We are right side up on these two vehicles (forum members agruments hold true here). My Z4 was a take over lease from Swapalease. This car listed at $47,571.00. My monthly out the door was $322.00, I also had to pay the transfer fee of $450.00. Now this is a Sunday car and in my opinion is it extremely bad financially to own a car (that depreciates dramatically) like this. For me to lease this car for 12 months it puts me out $3864.00. If I had bought this Z4 I would never have been able to sell it and hope to break even with the rapid depreciation of these vehicles. My wife and I have just hit a dramatic bump in the road in our lives and I was able to off load the Z4 in less than 24 hours. For me I like this peace of mind for leasing. Would I ever lease a car from a dealer, hell no! I find that leasing makes sense to me in the ability to pick up a unique ride for a few months and get into it no money down and just drop it off. However, as said these times are a changing and Americans are going to have to reinvent themselves where it comes to whats important and when they feel they need to keep up with the Jones. My two cents. 
I buy new and drive 'em until they die--9 to 10 years, usually. The only time I haven't done that is when I traded my 2003 325Ci for my Z4. Got full black book on it. They had dinged up the 325 the month before I bought it and didn't tell me. They were trying to not handle my trade-in 'cause it had a "Carfax" on it. When I pointed out they did it, not I, I had 'em over a barrel.
One of my Mercedes is 22 years old. Bought it in a cash deal at about $250 over what the dealership paid the bank. I can’t remember how little I paid for that car. Mercedes are quality vehicles and it drives and looks almost as good as it did 22 years ago. I put tires on it, and recently put an alternator on it. Of course I did regular maintenance.
My point is that like a reformed whore, I have owned 19 new cars in my life and lost a lot of money in depreciation but now am trying to clean up my act and finally will offer this advise.
Get the best vehicle you can afford, take care of it, and keep it until the wheels fall off. As soon as that new car smell is gone we lose interest and move on. I did it and you probably are doing it as well. Leasing just adds to the insanity and allows people to live beyond their means.
This is not my humble shabby basement opinion, this is my million dollar first class gold opinion. Only the best for my friends….
My point is that like a reformed whore, I have owned 19 new cars in my life and lost a lot of money in depreciation but now am trying to clean up my act and finally will offer this advise.
Get the best vehicle you can afford, take care of it, and keep it until the wheels fall off. As soon as that new car smell is gone we lose interest and move on. I did it and you probably are doing it as well. Leasing just adds to the insanity and allows people to live beyond their means.
This is not my humble shabby basement opinion, this is my million dollar first class gold opinion. Only the best for my friends….
I am starting to think you have a point... the only issue I have had is the massive amount of miles I was putting on the vehicles... I ended up changing because I wanted to have a reliable car and it was costing too much in repair costs. Now I don't travel too far to work I can afford to keep the car for a number of years... looking forward to not having the monthly payments, I can tell ya!
If you're looking for an investment, don't buy a car. That said, drive whatever you like and can afford. My wife changes cars every 2-3 years. In 9 years she hasn't for a repair. Leasing is perfect for her. It keeps her in a new car without much cash upfront.
