Average Monthly Auto Loan Now $503 @ 68 months

I leased for the 1st time, actually enjoy it

leased a Mazda CX3 because I just wanted something practical with good gas mileage

def miss my A5 but I am good

If I didnt drive so much back then I would of leased asap man but from now on its leasing going fwd.

The Mazda CX3 is a good car. What made you move on from the A5 though.
 
CPO ftw.

I love the feeling of buying a brand new car, but never again will I go that route.
 
36-48 months financing would be my limit to get into a car. 68 months? I think that's for people who probably are getting into a car that they can't really afford. Adding almost an extra 2 years onto the agreement will no doubt bring down their monthly payment.
 
Nice reliable beater during the week for work thats paid off and lease for what you really wanted on the weekends or when going out. If your funds are right that is...

Otherwise CPO for the 1 car and dassit
This. Got a everyday, drive wherever car and a lease for the weekends.
 
My current car and last car have been leases from Lexus. If you're financially stable, don't really have any obligations such as a family, leasing can be a nice thing to enjoy. Having a brand new car every two or 3 years. I've had my fun, but I think next year when my lease is up, I'm going to end up buying the next car. Looking into the Lexus RC.
 
If I didnt drive so much back then I would of leased asap man but from now on its leasing going fwd.

The Mazda CX3 is a good car. What made you move on from the A5 though.

every thing about it was expensive, gas, inspection, etc.

I got to a point where I just wanted a decent car to get from point A to point B plus I am setting up to move to San Diego next year so money saved is worth it
 
This is my plan...someone tell me if this makes sense or not. Be honest with the kid.

Keep in mind: I plan on trading my car in after 2-3 years. I don't want to be limited to the strict guidelines of leasing (mileage, no cosmetic changes allowed to the vehicle, etc)

Let's say I have 12k that I saved to put towards a vehicle...most people would put 12k down and get a low car payment. Let's say I get a car loan for 30k or 28k w.e for 68 months..my payments will come out to $500/month(hypothetically)...what if I just set up a new account to leave that 12k in so that $500/month for my car comes out of it and pays itself? That's about 2 years of payments. Let's say i decide to trade it in after 2 years, depending on the car, it would still be worth a good amount, right?

does this financially make sense?

Not a bad idea.
 
What's the saying? If it drives, floats, flies, or ***** - lease it.

I lease all my cars. I like having a new car every 3 years, and it's not like you ever have any real equity in a car anyways.
 
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What's the saying? If it drives, floats, flies, or ***** - lease it.

I lease all my cars. I like having a new car every 3 years, and it's not like you ever have any real equity in a car anyways.
What's the saying? If it drives, floats, flies, or ***** - It will lose half it's value in 3 years.

---fixed
 
I'll never buy a car that depreciates so much that I have to buy it used to afford it.

I bought my 2013 Challenger R/T new in January 2013. It stickered for 33800 after my work discount and rebates I paid 28600.

I sold it in November of 2015 for 24000. I did leave my sound system in it and exhaust but with the cost of those items I essentially paid $275 a month once interest is factored in. 6200 bucks was my true cost of ownership plus interest and aftermarket stuff I put into the car over that 34 month period. My interest rate was in the high 3s for this car.


I had equity that I used to buy my Scat Pack Charger in December of 2015 which I got for a similar deal. Sticker was 43 I paid 38 and some change.

If my current car holds its value like its predecessor the SRT8 Super Bee I will be looking at roughly 7-10K in equity after 3 years. I'm on a 72 month 0.9% interest loan.

My projected true cost of ownership over the next 36 month is around 9 grand give or take and puts me at round 250 a month.

I drive 16000 miles a year and there isn't any lease I could get with either of those cars or any car at their price points with those miles that compares.

People need to stop buying these entry level, first real job, entry level luxury cars that drop like a rock in value AND more importantly stop trading your cars in to the dealer and sell them yourselves.

Also you should ALWAYS check the rates at your local credit union. Go through the dealership to get the rebates, incentives and refinance right away with a credit union.

My situation and my particular tastes in cars could be an exception but I don't know because I only drive Da Hemis.
 
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I had equity that I used to buy my Scat Pack Charger in December of 2015 which I got for a similar deal. Sticker was 43 I paid 38 and some change.

If my current car holds its value like its predecessor the SRT8 Super Bee I will be looking at roughly 7-10K in equity after 3 years. I'm on a 72 month 0.9% interest loan.

how are you figuring this?
 
I'll never buy a car that depreciates so much that I have to buy it used to afford it.


as you can tell by my screen name

i love Audis..................spare me the "Its a VW its sucks!" etc :lol:

ALL Germans depreciate........AMG, M, RS

is what it is...............i had a honda before and toyota and lexus......great cars, GERMAN YOU LEASE DEM ****

YOLO
 
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I had equity that I used to buy my Scat Pack Charger in December of 2015 which I got for a similar deal. Sticker was 43 I paid 38 and some change.

If my current car holds its value like its predecessor the SRT8 Super Bee I will be looking at roughly 7-10K in equity after 3 years. I'm on a 72 month 0.9% interest loan.

how are you figuring this?

My car note is 495. 495*36=17820. That the amount my car payment will total at 36 months.

I will owe 19K at 36 months but the car will be worth 28ish. If I sell it at I clear 9K.

17820-9000=8820

8820/36=245
 
My car note is 495. 495*36=17820. That the amount my car payment will total at 36 months.

I will owe 19K at 36 months but the car will be worth 28ish. If I sell it at I clear 9K.

17820-9000=8820

8820/36=245


Bro my sister is looking at RT Challenger

The CPO prices on them are crazy good.................
 
My car note is 495. 495*36=17820. That the amount my car payment will total at 36 months.

I will owe 19K at 36 months but the car will be worth 28ish. If I sell it at I clear 9K.

17820-9000=8820

8820/36=245

Makes sense

I'm at the point I no longer care about what car I drive, kind of love the new Civic
 
My car note is 495. 495*36=17820. That the amount my car payment will total at 36 months.

I will owe 19K at 36 months but the car will be worth 28ish. If I sell it at I clear 9K.

17820-9000=8820

8820/36=245


Bro my sister is looking at RT Challenger

The CPO prices on them are crazy good.................

Yeah the Challenger held its value pretty decent. I had extra goodies in mine and I take care of car pretty well so I got a little more for it.

I cleared 5K on my Challenger when I sold it and I used that money to pay the taxes for my new car, I also had to ship it from Long Island to Texas for 1100 but that was the only way I could get the deal I wanted to justify the purchase economically.

The exact car I wanted was on a lot within walking distance of my job and they wouldn't budge off sticker and legit told me good luck on finding a dealership that would let me used my work discount.

Went to chargerforums and found a sales manager that hooked it up :smokin
 
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I love the new Civic.

If I get this new job with a car allowance I may grab one of those as my work car.

I need a truck though.
 
you already had sick cars though youre good :x


btw


View media item 2055532

bet anything this is like 30-34k easy for a CIVIC an i like this thing btw

NOW

View media item 2055534
or i could just lease an enjoy what i like, not what the ladies like or any guy

The new TT is bad ***, I think it shed the "chick car" label with this new generation

Def a nice lease if it's practical enough for what you need
 
Idk, I still think the TT looks like a chick car, even with the redesign :lol:

I think it's the proportions.
 
As someone who works in the industry I can tell you this the payments people decide are worth it are crazy and the amounts financed are dumb, but defaults aren't going to become astronomical. The only bad parts are the negative equity and the impatient nature of consumers. Point blank period if you but new keep it for at minimum 3.5 years on a 72 month term and 4 at 84.
 
The new TT is bad ***, I think it shed the "chick car" label with this new generation

Def a nice lease if it's practical enough for what you need

its not practical at all.............also I'm not getting that, just was an example.

it def shed the "chick car" label
 
Working in insurance I can see why. Ppl literally do no research on how much the car is actually gonna cost to drive then get mad bc they basically played themselves lol
Also can't see why ppl would lease outside of business use or you're caked up. Your liability limits are gonna sky rocket if you live in a heavy traffic area.
 
I'll never buy a car that depreciates so much that I have to buy it used to afford it.

I bought my 2013 Challenger R/T new in January 2013. It stickered for 33800 after my work discount and rebates I paid 28600.

I sold it in November of 2015 for 24000. I did leave my sound system in it and exhaust but with the cost of those items I essentially paid $275 a month once interest is factored in. 6200 bucks was my true cost of ownership plus interest and aftermarket stuff I put into the car over that 34 month period. My interest rate was in the high 3s for this car.



You financed 28600, and paid 275 a month....

ON 0% INTEREST FOR 72 MONTHS - THAT ONLY COMES OUT TO 19800

explain.
 
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