8 Year Car Lease = Real Life

BeezyGotSole said:
Oh you can believe it's coming man. I know dudes on 8 year terms just so they could get that foreign :lol:. If prices keep rising they will come out with a 10 year loan and then keep upping the terms as prices rise.
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Yea, Im not about counting pockets but I just dont see the point of paying more than 4-500 ON THE HIGH END, for something thats just going to take me to work, and out with my girl. If i was single idk, but after buying a house I wanted to have as little bills as possible as random things can pop up that may cost bread, and when it comes to your house and being a grown man I dont have time to thug it out like i may have done in college when i have to wait to get something fixed, I'm trying to knock out any issue before it grows.
 
My advice for the lot of you is to shop around.

If one dealer gives you decent numbers, take those same numbers to another dealer and ask them to give you better numbers and so on.

Also don't be afraid to travel out of state & buying on the last week or day of the month helps.
 
You have to factor insurance into that. The bank will require you to have full coverage to protect their property
shortkid23 said:
I hear you, i just dont want to finance.I have about 7k to work with right now and the q50 deal is 309+ tax/month and they said i can get down to a 24month lease, which is alittle over 12k total.
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BeezyGotSole said:
Frank Mucus said:
Saw two brand new Bently GT coupes today at the gym.
That's MB S550 or 7 series money though.

What kind of Maxima has $1k a month payments. Is your credit terrible?
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2015 Maxima I was looking at was 45K. Credit isn't terrible even a 45K car with 0% apr is $750/mo .

I stated 1K a month as what I can afford on a payment it has nothing to do with the maxima. That was a general statement.
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At 72 months, its 625
84 months it 536
96 month or 8 years, its 469!!!

that's effing crazy, and not very many folks are qualifying for 0%apr... I think 469 a month is OD and that's spreading it out over 8 F!!!N years, but I guess that's what it is these days. and a maximum aint even one of those cars where u like damn that's fire.

Was it always like that, say in the 90's when moms and pops came home with a new whip?
 
jthagreat said:
At 72 months, its 625
84 months it 536
96 month or 8 years, its 469!!!

that's effing crazy, and not very many folks are qualifying for 0%apr... I think 469 a month is OD and that's spreading it out over 8 F!!!N years, but I guess that's what it is these days. and a maximum aint even one of those cars where u like damn that's fire.

Was it always like that, say in the 90's when moms and pops came home with a new whip?
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I don't think you say that about many 6 or 7 year old cars. Which is what people need to consider. That new car isn't new forever.

Banks have moved on from giving bad loans for houses to giving them for cars. They can easily reposes them and just sell it to someone else.
 
Truth-Serum said:
Kias and Hyundais don't hold their value. That's a known fact. Hyundais just started holding their value because they are more desirable now with the trendy designs they have.


And the dude talking about american V8s hold their value, that's a lie. Outside of vettes, they depreciate quickly. All the used police crown vics, chargers, tahoes, suburbans etc can be had for cheap
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I owned a 2010 RT Challenger for 6 months and sold it for $5,500 more than I paid, so yes, V8s do hold their value and then some.
 
DEpast said:
Truth-Serum said:
Kias and Hyundais don't hold their value. That's a known fact. Hyundais just started holding their value because they are more desirable now with the trendy designs they have.


And the dude talking about american V8s hold their value, that's a lie. Outside of vettes, they depreciate quickly. All the used police crown vics, chargers, tahoes, suburbans etc can be had for cheap
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I owned a 2010 RT Challenger for 6 months and sold it for $5,500 more than I paid, so yes, V8s do hold their value and then some.
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To be fair, the Dodge Challenger is only in its 2nd generation. It held its value so well early on because of it being such a new car.


The 2nd gen is out now, and you can get an 09-12 challenger for cheap now.


But the fact that it's a V8 definitely helps its value.
 
PRIME said:
To be fair, the Dodge Challenger is only in its 2nd generation. It held its value so well early on because of it being such a new car.


The 2nd gen is out now, and you can get an 09-12 challenger for cheap now.


But the fact that it's a V8 definitely helps its value.
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@PRIME   based on your experience, would you recommend the Challenger, specifically 13'-15'?

I see theres many recalls for faulty alternators and electrical problems.  Don't seem too reliable...
 
NYC Street Cat said:
@PRIME
  based on your experience, would you recommend the Challenger, specifically 13'-15'?

I see theres many recalls for faulty alternators and electrical problems.  Don't seem too reliable...
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That's Chrysler in general. I love their cars, but they just can't get the reliability down. All of their brands are consistently ranked at the bottom of reliability. My boy has a brand new Jeep Cherokee and he got stranded the other day with his baby because the transmission just stopped working. I googled it and there's class action lawsuits over these transmissions.
 
Not gon lie the Chrysler 200 I be using when I rent cars is smooth

I notice a lot of cars look the same these days which benefits brands that weren't selling before. I can get a car that looks like XYZ but cost XYZ
 
heLiumcLinton said:
Not gon lie the Chrysler 200 I be using when I rent cars is smooth

I notice a lot of cars look the same these days which benefits brands that weren't selling before. I can get a car that looks like XYZ but cost XYZ
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I had to use a 2013 on a business trip and joint was trash, the redesign out now is nice though.
 
They can keep all the foreigns and 500+ HP whips. Im just trynna cop a 10-12 ltz burban or Yukon denali with decent mileage for a good price.
 
dtb00201 said:
NYC Street Cat said:
@PRIME
  based on your experience, would you recommend the Challenger, specifically 13'-15'?

I see theres many recalls for faulty alternators and electrical problems.  Don't seem too reliable...
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That's Chrysler in general. I love their cars, but they just can't get the reliability down. All of their brands are consistently ranked at the bottom of reliability. My boy has a brand new Jeep Cherokee and he got stranded the other day with his baby because the transmission just stopped working. I googled it and there's class action lawsuits over these transmissions.
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From what I hear the Cherokee is a horrible all around product.

I've owned 2 Chargers and a Challenger.

My 2010 Charger was solid but the nag 5 just isn't that great.

I actually had more issues with my 2013 Challenger than either one but none of them have been anything major.

I haven't had my 2016 long enough to have problems
 
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I'm interested in hearing how leasing is working out for others as well?

People leasing luxury? Any input?
 
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BMW is the best to lease, they subsidize their leases heavily vs lets say Audi.  Also get free maintenance and repairs including breaks.  
 
I see both sides of the buying VS leasing argument.  Personally, I've purchased all my vehicles to date.  I don't feel the need to be in next year's model every year so it works for me.  Buying a previously leased vehicle is usually money.  You end up with a car 2-3 years old, low miles, well taken care of (because they leased and turned it in), CARFAX usually proper, and dealers buy them from the company to sell in their lots as 'used' for pennies on the dollar, which means if you do your homework you can walk away with a steal.  To each their own though.  A car lease for over 3 years seems to defeat the purpose of leasing in my opinion though. Shrugs
 
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PolosandDunks said:
Explain in here if you can. Ive only leased so I cant talk on financing but luckily I didn't finance.
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I get tired of riding in the same car after 3 years or so, ended up trading up and losing money with every car I financed which were 3 in total....realized I'm more of a lease guy, on my second term leasing, my first lease was a Jeep Liberty and just a couple of months ago I got out that leases couple of months early and put up 1k and got a Jeep Grand Cherokee limited and my payments went up by 100$ but my insirance dropped by 40$....had one car under 3 years, got out smoothly and jumped into another new car, rinse and repeat in 3 years....no hassle and the only money lost is what I pay monthly, don't worry about warranties and any of that BS, with good credit, lease terms are much better than financing terms as far as APR and stuff.

I don't buy cars to keep....I use them and abuse them and move on.
 
As much as I hate my 04 Camry, this thing has had no major mechanical issues since my mom bought it in 05, and passed it on to me in 2013. If I get a new car, it might likely end up being another Camry or Tacoma
 
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