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Nope, 36 month lease. It's the premium trim level, which is 61K. Still crazy, though.1,012 a month for an XTS?No way in hell.
Was he talking about a 12 month lease or something?
8 Year Car Lease = Real Life
- Thread in 'General' Thread starter Started by teamjordan79,
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Hell No :x. Caddy dealer trying to get you but I dont know the numbers or Caddys residuals etc etc
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To all the folks who are leasing on NT, what kind of monthly payments yall got?
what was the amount you paid to take it off the lot, then you monthly bill?
what was the amount you paid to take it off the lot, then you monthly bill?
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My bad on the late response. Missed your quote.
From the looks of it, its on the 3.6 liter V6.
That ain't eem da hemi, fam. Cop da v8 and you won't have any problems
Semi srs.
But srsly, I would avoid the current 3.6's on the lot until they sort the issues out.
Leasing
1,012 a month for an XTS?
Was he talking about a 12 month lease or something?
I know people that pay that for Panameras
A Panamera is an $80k vehicle. Even with perfect credit at 0% for 60 months, you're looking at a note over a grand
Unless you're putting that amount into perspective of what someone could get for that price. In that case, you damn right you can get a Panamera
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I think he's talking about leasing a panamera. He has to be because that panamera note is gonna be atleast $1400/mo.
because that panamera note is gonna be atleast $1400/mo.
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Damn and I see a lot of panamera On my commute, I need to start networking
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He's owned his car for almost 9 years. Since he said it's already paid for itself, I'm assuming he's had it paid off for the majority of those years. That's 5 years without having to make a car payment. That is 5 years worth payments that have been saved. Even if a repair bill came out to 3k, he would still come out ahead.
And if a repair bill gets to the point where it makes no sense to go through with, he can simply go purchase a new car. But even if he decides to do this, he still saved 5 years worth of payments.
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Yeah but whats the car worth now from what he paid to get it.He has lost money even when he sells it....Essentially putting money, repairs and maint into something thats lost its worth as well.Five years? Leases are only 3 years at most and im not talking about financing.Financing is a diff ball game which people discussed in here I think are getting mixed up.
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Any long term data comparing luxury leasing to financing . I am interested to see if the cost are about even .
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IDC what it costs, getting that AMG GTS once I clear 100k per lol
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If you buy a car and keep it more than 5 years, you save on buying a car. The thing with leasing is that by year 6, a leaser is on his 3rd lease, which means putting money down for the 3rd time.
After 2 leasing cycles(6years) you will have paid the full amount of the car off with nothing to show for it and be going into your 3rd lease. While the guy that financed is in year 6(no payments) because he probably just paid off a 5yr note on that car he financed.
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Why would the car's worth matter if he gets 9 years out of it?
Lease terms being 3 years doesn't change the fact that you will be making lease payments in year 5.
In a 9 year period, you will make payments for 9 years. In that same 9 year period, he will have only made payments for 4 and saved for 5.
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True, I definitely forgot that you have to put down money with each lease.
It seems like if you keep a car for atleast 10 years you will always continue out ahead, but I haven't seen any charts comparing the cost.
It seems like if you keep a car for atleast 10 years you will always continue out ahead, but I haven't seen any charts comparing the cost.
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^
You don't have to make a down payment on a lease. That's actually one of the dumbest things you can do with your money.
You don't have to make a down payment on a lease. That's actually one of the dumbest things you can do with your money.
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So people are leasing 60K+ cars with no money down? If so how do you negotiate that.
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Yea my boy out nothing down when he leased. I think they play with the milage on top of incentives to work a "deal". They are getting the car back and still going to sell it again for what they want. I think for leasing dealers probably just have a threshold of how low they will go yet still make profit.
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^
You can negotiate a lease the same way you negotiate when financing a car. The only difference is that the person leasing is paying off the depreciation while the person financing is paying the entire cost of the car.
Putting money down on a lease completely defeats the purpose of leasing.
You can negotiate a lease the same way you negotiate when financing a car. The only difference is that the person leasing is paying off the depreciation while the person financing is paying the entire cost of the car.
Putting money down on a lease completely defeats the purpose of leasing.
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aepps20
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I think there may be some confusion between money due at signing with a lease and a traditional down payment with a financed vehicle. When you lease you typically have to pay your first payment plus other fees at the time you sign the deal (first month's payment, acquisition fee etc). Some people choose to pay additional money towards lowering the cost of the car in which is called a cap reduction in leasing terms (highly inadvisable) . When you finance a car any if not all the money you put as a down payment goes towards lowering the cost of the car. If you lease try to take advantage of the no money due at signing deals.
Payments just a whole lot higher because that $6k or whatever they wanted down is added to your 36months payments
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Yea you'll be able to once you get that 6 figure income
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Repairs on reasonable cars do not cost much if you have bought the car that you can afford, and have also budgeted for potential repairs before they happen.
See below.
+1
+1
+1
Think about it like this [COLOR=#red]PolosandDunks[/COLOR], You buy a car sensible car with a payment of $249 per month. If you drive the car for 10 years, you will have almost $15,000 in your pocket and not owe anyone a dime. This is $15,000 that you keep while financing. Imagine how much more you will be able to save if you didn't finance and bought your next reasonable car outright, close to $30,000
Credit is not money, it's how financial institutions make themselves rich and you poor.
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what ever happened to if i can't afford it, i can't buy it?
everyone making these yolo-inspired excuses gonna end up sleeping in the whip to make ends meet
When you say this you mean to buy it cash? That's preety dumb to buy a car cash, unless you got Bill Gates money.
Buying something you can actually afford upfront is not dumb...how old are you? lol There is a car out there for you regardless of how much cash you got. It might require swallowing your pride however.
Well, yea you're right. You could go out and buy a '96 Corolla cash or some other early or mid 2000's vehicle for cheap. What came to mind was people buying relatively new cars off the lot cash since a few people I know did that. In terms of buying a new car cash it's dumb because if you have good credit you can get a good rate, build more credit, and break up those payments and pay more than the minimum to finish sooner, assuming there's no penalty for paying it off early.
You making that kind of money at Footlocker?
This explains why the dealer was trying to push a 6 year loan on me instead of the normal 5 like I don't know better
Everyone wants that BMW
You aren't going to want that car in 7 or 8 years, and you will be upside down because of how long you have your payments for.
I don't see anything wrong with an 84 month loan. That's what I'm doing. There's no early payoff and I'll have it paid off within 5 years.