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192 messages,  Last post on Aug 30, 2008 at 10:03 AM

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What is this discussion about? Car Leasing, Car Financing


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#51 of 192
Re: Lease deals? [qbrozen] by larryallen707
May 11, 2006 (6:24 am)
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Replying to: qbrozen (May 11, 2006 6:03 am)

"Status" is defined solely as my mother in law sees it. Since some of her lawyer friends drive Highlanders then it's acceptable. Most American cars are not. A stripped down bottom of the line Benz is a status car to her.
#52 of 192
Re: Lease deals? [larryallen707] by british_rover
May 11, 2006 (6:51 am)
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Replying to: larryallen707 (May 11, 2006 6:24 am)

Oh man do I feel sorry for you.
 
Not to get to personal but she sounds like a bad MIL.
#53 of 192
Re: Lease deals? [larryallen707] by qbrozen
May 11, 2006 (7:03 am)
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Replying to: larryallen707 (May 11, 2006 6:24 am)

Well, obviously its up to her, but a 300 will always turn my head more than a highlander. Besides, the 300 isn't necessarily american. No more than a Highlander, anyway.
#54 of 192
Re: Lease deals? [larryallen707] by bretfraz
May 11, 2006 (7:33 am)
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Replying to: larryallen707 (May 10, 2006 1:46 pm)

She should check out Lexus. The new ES350 is out so dealers are selling off the ES330. Gotta be some good deals out there and Lexus ain't a bad status brand.
 
If she can get an extension on her Highlander lease and wait, Lexus will be holding their "Blowout The Old Junkers" annual sale in August. It'll be a good time to pickup something like a LS430.
#55 of 192
Re: Lease deals? [larryallen707] by jlawrence01
May 11, 2006 (9:19 am)
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Replying to: larryallen707 (May 11, 2006 6:24 am)

Poor guy!
 
My in-laws drive a 1973 Chrysler New Yorker and think that my wife's employer is frivilous because she gets a new company car every three years.
#56 of 192
Re: Lease deals? [larryallen707] by rseeger
May 19, 2006 (5:22 am)
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Replying to: larryallen707 (May 10, 2006 1:46 pm)

We have a completely loaded Tribeca (39K+) 7 passenger, dvd, nav, and all the goodies. We pay 420 a month with no money down. Its great car. We love it.
 
Good luck
#57 of 192
Need help getting a good lease for Mom by matcar
Jun 20, 2006 (3:24 pm)
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My mom 16 yr old nissa 240sx died last month. I have been driving her to test drive vehicles, like the mazda3, which we both like. The Matrix which she likes, but I just think it feels like a box, and it's gutless. The jetta which is nice. Her credit score is around 650 so we cant get her the best deal. Im running out of patience, because my sundays are spent trying to get her into a vehicle. I offered her my Ford Explorer which only has 42000 miles on it, but she doesnt want it.. I need a car like the jetta, mazda3, that doesnt consume lots of gas. I will be putting up most of the down payment for her, which is only about 1200, what I can afford. She can only afford about $200.00 a month. What do you guys suggest. I need help to get her into a car, she is currently taking the bus to work and back and I cant have that here in LA.. Im tired of talking to carsales people internet managers etc..
 
thanks..
#58 of 192
Re: Need help getting a good lease for Mom [matcar] by qbrozen
Jun 21, 2006 (5:52 am)
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Replying to: matcar (Jun 20, 2006 3:24 pm)

$200/mo with only $1200 down is REALLY difficult with a top-tier credit score, let alone 650. You'd definitely be looking at a long-term lease, which is never a good idea.
 
A base Corolla is all that I can think of that you MIGHT be able to get for $200/mo with only $1200 down. I'd bet pretty good money you CAN'T get a Mazda3 for that.
 
You might want to look into the new subcompacts like the Yaris, but without subsidized lease deals available on those yet, I'm guessing it will be out of your pricerange, but its worth a shot. Maybe check out Scion, too. I'm pretty sure the Honda Fit will be out of your range.
 
You really should be looking at used cars.
#59 of 192
Re: Need help getting a good lease for Mom [qbrozen] by graphicguy
Jun 21, 2006 (6:25 am)
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Replying to: qbrozen (Jun 21, 2006 5:52 am)

I'm with q. Used seems the best way to go.
 
See if you can find some of those Hertz/Avis rentals that they offer for sale. Hertz, at least, has some 20K mile Corollas that they used as rentals and then turn around and resell.
 
I don't think you'll be doing your mother any favors with the Explorer, either. Not bad vehicles, but as you've found out, MPG is dismal and they aren't very popular vehicles with gas hovering around $3/gal. I doube any dealer is going to give much in trade for it since they've already got SUVs on their used (and new) lot gathering dust.
#60 of 192
Re: Need help getting a good lease for Mom [matcar] by jeffyscott
Jun 21, 2006 (6:38 am)
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Replying to: matcar (Jun 20, 2006 3:24 pm)

I don't know what that credit score means in terms of interest rates, but might it be possible to buy (instead of lease) something decent, yet small and cheap. $10,000 at 8% would cost $203 per month for 5 years.
 
Ford Focus has $2000 rebate. With $1200 down plus $10,000 loan plus the rebate...you could buy one with invoice of about $13,000.
 
There is similar rebate on the outgoing Nissan Sentra ($2250).
 
Not sure what you can get in either car for $13,000, though.
 
It's possible incentives will increase after July 4...so maybe she could drive the explorer for a couple weeks and see what happens then.

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