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Also can't see why ppl would lease outside of business use or you're caked up.
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.
That's what I've been saying for a while now. Why buy a luxury car and when the warranty is done, you're going to pay more then what the car is worth in maintenance, money pit. If you lease a luxury car, you will never have to worry about any of those.. Well, a VW, I would lease because those parts are extremely expensive.I would never buy a luxury car, I'd lease one but never buy it.
I'd finance an accord all day tho. Them new ones not bad.
So why spend 50k on a car that won't be more valued in the future? Hustling backwards playa
You couldve bought two more efficent cars for that price that will be more valuable in the future
I miss read it. editedI think he means 50k miles
I would never buy a luxury car, I'd lease one but never buy it.
I'd finance an accord all day tho. Them new ones not bad.
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.
I would never buy a used luxury car with that many miles. Any Luxury car I can get in the future, I'm leasing!you can get a STS-V with 469 Horsepower for 12-15k with 80kish miles.
fully loaded.
Cadillacs are bulletproof.
and whatever breaks its cheap cuz its American.
My girls 2015 ATS is a piece of ****
Srsly
They are exactly the opposite bruh......challengers hold their value extremely well.
Cadillacs are bulletproof.
and whatever breaks its cheap cuz its American.