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- Sep 16, 2010
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?
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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?
Is it wise to lease a car like, A Dodge Charger RT or maybe a Cadillac XTS? One guy at the Cadillac Dealer told me if I was to lease a XTS, it would be 1,012 a month..SMDH
@PRIMETo 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.
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...
Leasing
1,012 a month for an XTS? No way in hell.
Was he talking about a 12 month lease or something?
I know people that pay that for Panameras
All I want to know is how is dipping into your savings for a big repair and maintenance actually saving...Makes no sense but what works for you may not work for me
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.
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?
IDC what it costs, getting that AMG GTS once I clear 100k per lol
Any long term data comparing luxury leasing to financing . I am interested to see if the cost are about even .
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.
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.
^
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.
So people are leasing 60K+ cars with no money down? If so how do you negotiate that.
^
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.
So people are leasing 60K+ cars with no money down? If so how do you negotiate that.
IDC what it costs, getting that AMG GTS once I clear 100k per lol
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.
+1If 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.
+1Why 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.
+1True, 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.
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.
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. Can't even use cars to wash money anymore.
I paid cash. Come at me bro.
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.