I think leasing might be dead next month...

i dont care what anybody says... all new cars are basically pieces of shit... they are way over priced and that is finally catching up with the auto companies and is effecting all of us... can somebody tell me how one car can be sold for $60,000 and come off the same line as a car that is sold for $25,000... those fucking morons at the auto companies are pricing themselves out of the market... why do we think the camero and firebird are gone... they werent worth the 30,000 they were trying to be sold for...
 
steve581581 said:
i dont care what anybody says... all new cars are basically pieces of shit... they are way over priced and that is finally catching up with the auto companies and is effecting all of us... can somebody tell me how one car can be sold for $60,000 and come off the same line as a car that is sold for $25,000... those fucking morons at the auto companies are pricing themselves out of the market... why do we think the camero and firebird are gone... they werent worth the 30,000 they were trying to be sold for...
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WS6 verts were going for like $36,000 new back in 2002. That's laughable at best.

Also, what is a Camero? :D
 
cjmatt said:
Yup, I had an 06 GTO, bought it new, drove it for a year then sold it...lost my ass. It probably cost me close to 8k to drive it for a year when you factor in selling price, taxes, and money i had to fork over that i lost when i sold it...its much cheaper for me to have a 2 year lease on an f150
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x2 right here
 
If they quit leasing they'll all be gone in a year.
Few people can afford to buy these $30-$40,000 vehicles.
How about 10-15 year financing? That's what it will take to get
the payments down and the car could be out of service before it's paid for,
and nobody is going to go for that.
 
Foolsgold80z said:
If they quit leasing they'll all be gone in a year.
Few people can afford to buy these $30-$40,000 vehicles.
How about 10-15 year financing? That's what it will take to get
the payments down and the car could be out of service before it's paid for,
and nobody is going to go for that.
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very good point, I also think when you tie 10-15 year financing into sales it also is a reason for companies advertising lifetime warranty's because when you think about it if you cant afford to pay a car off in 3-5 years maybe you shouldn't be trying to buy the car. I mean granted its awesome to be able to lease a 30-40k vehicle for $200-$300 bucks a month, but now I believe with leasing it just all balances out with the economy.
 
wikdsvt said:
so what are the incentives on a 2008 F150 nowadays?

is Ford paying people to drive them off the lot yet?

I went to HOLZER ford last night looking at vehicles for the g/f and they had a crap load of 2008 F150's

Heck the dearborn plant is shut down until September so there haven't been ANY '09 F150's from there.
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yeah...every time i look up someone has a new f-150 anyone mind sharing what deals or what kind of payments they are in?
 
The biggest question is???

What all are the dealers going be trying to get rid of in the next week then??
Deals? DoI need to try and find an EP number by friday?
 
Down in Temperance they have a new yukon or whatever the big chevy is with a huge sign on it "10,000 off":pow:
 
greenprix said:
yeah...every time i look up someone has a new f-150 anyone mind sharing what deals or what kind of payments they are in?
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ya, right now ford is giving HUGE!!!!! rebates on f-150's. i mean thousands!!!, not 4 or 5, either. see your dealer for details....
 
Chrysler is fucked. I've been calling bankruptcy for a while and this is another step in that direction. Their share has slid drastically, and now they are killing one of the instruments that were keeping what they had afloat. Not good. Obviously you can't get direct info anymore, but based on the loss Daimler booked on Chrysler, the estimates are that Chrysler lost almost $3 billion last quarter. Not a one-time Ford-style asset write down, but a legit, "we lit $3 billion on fire". There is absolutely no way they can make it through the year if that pace continues, and I see nothing to stop it.

The current residual situation is 100% due to the price of gas. It's not like they wildly overestimated what they'd be worth; the values of everything big have just been driven into the toilet by $4 a gallon gasoline.
 
I could see Cerberus only canning the leases of Chryslers and not GMs if the residuals on GMs are higher? Maybe that's why we're only hearing it for CFC and not GMAC
 
cjmatt said:
Yup, I had an 06 GTO, bought it new, drove it for a year then sold it...lost my ass.
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That's what happens when you buy new and only keep it a short period of time .. and that's the case regardless of what you buy.

cjmatt said:
...its much cheaper for me to have a 2 year lease on an f150
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Well, compared to keeping a car only one year then sure..

My issue with leasing is I have no way of knowing how many miles I'm going to need. I could still be based out of Auburn Hills for a while or possibly Ann Arbor, in which case my 30 mile round trip will turn into 90..

Pretty hard to lease a vehicle if you are potentially going to be driving that much. Plus if you end up having to drive a ton a 15 MPG SUV/Truck is going to get costly -real- quick...

5.8Coupe said:
Down in Temperance they have a new yukon or whatever the big chevy is with a huge sign on it "10,000 off":pow:
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Perhaps enough to cover the first forty-five minutes of depreciation. :D

People will still buy cars even if leasing ends. It's just that they are going to buy more modest vehicles and keep them far longer..

Honestly, if you can't get 8-10 years of problem-free service out of a new car then it isn't worth owning. Just my .02.
 
Fryguy302 said:
I've been wondering about this ever since I started leasing, around 1999 I think. I've leased 6 or 7 cars since then, and not ONE of them has been actually worth the residual value assigned to it. I've always asked the dealerships how it works, because I knew that SOMEONE had to be getting screwed. I'm amazed it lasted this long, unless there's something I'm missing?

And to everyone who thought leasing was stupid, I'm completely baffled as to why you would think that. It's only stupid if you want to keep your car for a long time anyhow, or if you drive too much. It's a GREAT idea if you want a new car every couple years anyhow, which I do.
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X2, I have leased but I was smart about it. I always go in with $0 down and a payment below $250ish. So basically I lease bottom end cars. I dont understand how these people can go in and put $2500 down and still have a payment of $300++ and feel good about it.
 
orangejuiced86 said:
X2, I have leased but I was smart about it. I always go in with $0 down and a payment below $250ish. So basically I lease bottom end cars. I dont understand how these people can go in and put $2500 down and still have a payment of $300++ and feel good about it.
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yeah i could never do that. sign and drive. ill eat the couple extra dollars a month to keep a chunk of money in the bank.
 
orangejuiced86 said:
X2, I have leased but I was smart about it. I always go in with $0 down and a payment below $250ish. So basically I lease bottom end cars. I dont understand how these people can go in and put $2500 down and still have a payment of $300++ and feel good about it.
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There's nothing wrong with putting $2500 down and still paying a lot per month either though, I've done it a few times. If you run the calculator, you're still ahead of the game if you only plan to keep the car 2 years. If I had bought the same car, I'd have a higher payment, and still be either even up or upside down in 2 years.

Bottom line is if you like getting new cars every couple years (cheap cars or not), leasing makes way more sense than buying. Also, like I mentioned before, the residual on every car I've leased has been too high, so I've ended up paying less.
 
I just don't understand it sorry. I personally cannot put money down and have a high payment on a rental. It's just me. The only reason I leased in the past is because I was able to drive a new vehicle for that cheap you can't pass it up. Just me though. Everyone has their own opinion on what is cheap.
 
orangejuiced86 said:
I just don't understand it sorry. I personally cannot put money down and have a high payment on a rental. It's just me. The only reason I leased in the past is because I was able to drive a new vehicle for that cheap you can't pass it up. Just me though. Everyone has their own opinion on what is cheap.
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All you have to do to understand it is a very little bit of math. If you pick a nice car and you want to own it, but you know you will replace it in two years, leasing it will save both money and hassle.

By saying it doesn't make sense, all you're saying is that you wouldn't want a nice car, or if you did, you wouldn't want to get rid of it in two years. Which I can understand.
 
no raj you missed my point. It's really only a matter of opinion on the subject. Me personally and this might be only me. If I can't afford to own it then I don't need it. If I can afford to buy it but know I won't want it 2 years down the road, then a cheap lease(if available) is an option.
 
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