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Automotive News & Views The End of Leasing? And do you care?
95 messages, Last post on Sep 03, 2008 at 4:58 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: kcram (Jul 31, 2008 12:39 pm) - As I noted before, GMAC will end subsidized leasing in Canada - GMAC and GM will cut the volume of US subsidized leasing - The SmartBuy balloon program will be discontinued - Dealer floorplan rates will increase - Consumer financing and lease (money factor) rates will increase Ok, now am going to fly, not run, to buy that Tahoe. |
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i wonder why the manufacturers don't offer to negotiate the fixed lease end values on vehicles fulfilling their lease terms? my wife leased a saab years ago and it was turned in in 2004. the buyout was something like 18,500. it had been in an $3500 accident. i would have bought it for 16,500 or a bit more, but there was no negotiation possible. i got a letter that it was sold at auction for 15,100. say you leased 25k cars and it cost the corporation 1,500 just by disposing it at auction, not to mention storage, paperwork , etc... 1500 times 25000 is close to 35 million dollars. maybe that number is too small to be seen on the radar of these large corporations. also, i realize they are in the new car business, not used cars. 
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Replying to: andre1969 (Jul 29, 2008 9:53 am) And you have to spend time if you want to sale your car and get a new one. I like to change my cars every 3-4 years and I don't have time to receive phone calls and have test drives with buyers. |
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Replying to: explorerx4 (Jul 31, 2008 3:08 pm) I'd like to know what Chrysler got for our Pac, but I'm pretty damned sure they ain't gonna inform me. Same for the Accord I just turned in. |
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Replying to: Mr_Shiftright (Jul 30, 2008 9:22 am) So your scenario expects the buyer to get a bad car. I sure hope people aren't leasing cars with that expectation. |
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Replying to: hudsonthedog (Aug 01, 2008 7:36 am) Saw a show with Suze Orman. Man, did she ever get down on some woman who thought leasing was a good idea. (quote) "Leasing a car is the stupidest thing you will ever do in your life" woman: "But I like to have a new car every 3 years" Suze: "Why? So you can impress the stranger next to you at the stoplight?" She was NOT being nice! |
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...the "Shop 'Til You Drive" sales promotion. These aggressive incentives include: - up to 40% off MSRP on Dodge Ram and the larger SUVs - 0% APR for 72 months (Tier A) and 0% for 60 months (Tier B) - $2000 cash from Chrysler Financial - waiving of the lease disposal fee (up to $425) - additional Lease Loyalty cash for those ending a Chrysler Financial lease (up to $750) - up to $2000 for those who lease with an independent financier Chrysler press release kcram - Pickups Host
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Replying to: kcram (Jul 30, 2008 8:45 pm) Thats not what I am getting from the dealers. Effective today they are offering no leases on a new Saab (subsidized or otherwise). They have put in big MSRP discounts in its place and low rate purchase financing to bring payments more in line with a lease but over much longer term. Maybe just the salesmen trying to get a sale - but have been dealing with a couple of dealers and same story. As far as subsidized leases go. What is considered subsidized? 50% residual after 3 yrs? I don't know if they ever specifically inflated the residuals here. They inflated the MSRP (compared to US prices) which I guess in turn inflates the residual. Now with the dollar on par they are stuck.
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Replying to: kcram (Aug 01, 2008 9:41 am) In 3 years if your car turns out to be a POS that you can't get rid of you take the hit in trading it in for a dime.
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Replying to: stmss (Aug 01, 2008 11:13 am) |
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