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Prices Paid: Buying & Leasing Experiences Acura MDX Lease Questions
1240 messages, Last post on Sep 04, 2008 at 5:50 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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this is from Auotweek..... it seems it is better to lease THEN buy rather then buy.... I am looking at a MDX and I am on the fence too lease or buy, but this might make me lease: FROM AUTOWEEK: "If you thought $4 per gallon was a hit to the wallet, wait until hundreds of thousands of off-lease sport/utility vehicles are returned to dealerships. That's when the whammy of inflated residual values of off-lease sport/utes will hammer the market. According to Oregon-based CNW Research, with some 800,000 truck-based sport/utility vehicles coming off lease this year, residual values projected three and four years ago will be missed by as much as $6,000 per unit. Whom will this hurt? Those who lend the money--banks, credit unions, car companies' captive finance arms and others who write leases--will face a tab of nearly $5 billion just in 2008. That number rises to $5.24 billion in '09 and $4.74 billion at the end of the decade. The only slight potential benefit to consumers is that they can buy their leased vehicles for bargain prices; experts predict that only 20 percent will do so. You don't need a research firm to tell you that sport/ute residuals have plummeted. Go to Kelly Blue Book and see what a two-year-old V8-powered Chevrolet Suburban or Toyota Land Cruiser will run you. A 2008 Suburban 2500 with a 6.0-liter V8, four-wheel drive, automatic transmission and leather sells new for $43,235; a two-year-old model with 24,000 miles in excellent condition can be yours for less than $20,000. A new-generation 2008 Toyota Land Cruiser with a 5.7-liter V8 that gets 13 mpg city and 18 mpg highway runs for $64,785; a two-year-old model similarly equipped goes for between $34,120 and $35,975, depending on its condition |
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I signed purchase agreement and am going to pick up my new car on Saturday. I think I got a decent deal but still think sometimes that if I needed to negotiate harder?! eh...here are my lease details: 2008 Base model - 36 months/36K miles $960 due at signing ($420 license, $20 license, $525 first month payment) for $525 monthly payment including 5% Iowa tax ($900 rolled in the payment). Good?
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Replying to: dvdman (Jun 10, 2008 11:26 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: happycamper7 (Jun 10, 2008 11:57 am)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jgarretson (Jun 17, 2008 10:32 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: viperz4 (Jun 17, 2008 6:17 pm) Bank fee: 595.00 First month: 519 Doc fee: 199.00 Title: 86.00 |
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Replying to: Car_man (Jun 18, 2008 4:02 am)
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Replying to: digital_b (Jun 18, 2008 6:44 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: charles603 (Jun 16, 2008 6:01 pm)
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Replying to: Car_man (Jun 19, 2008 2:11 am) |
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