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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 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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I think Chrysler sees the residual values going down, especially on the big cars and trucks they're known for. Chrysler is going to have trouble selling new cars/trucks for the next three years  . So they don't want the used ones coming back and adding to the horror  (too many cars/trucks, and not enough customers). The way things are going at Chrysler these days, they might not be around, when the leases are up.
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Replying to: ponytrekker (Aug 01, 2008 12:50 pm) The "claim" is that leasors have stricter credit requirements for leasees vs. buyers, but I wonder if in practice this was the case in the past? Does anyone know if the default rate on leases has increased at all? |
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Replying to: Mr_Shiftright (Aug 01, 2008 8:19 am)
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Replying to: bryan (Aug 04, 2008 12:18 pm) She was much nicer to the 11 year old girl who wanted to buy a $109 doll to add to her already 5-doll collection. She was "denied" but with a much sweeter demeanor. |
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Replying to: Mr_Shiftright (Aug 01, 2008 8:19 am) Next I cancel the water so I can save $300 every two months. True the bucket in the bathroom smells but I have much more to save now. |
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Replying to: ponytrekker (Aug 04, 2008 4:42 pm) Tony Tightwad: "I'm retiring in three weeks! I have several million dollars in my 401K! My other investments are doing well! I have a $50,000 emergency fund! My house is paid-off! I have no credit card debt! My 1990 Buick is still running fine! My wife and I are going to take that dream vacation with all the change I saved for the last 15 years! OW! WHAT'S WRONG? LEFT...SIDE...OF...BO...DY......FEELS...........NUMB! UNGHHHHH!!!!" Mrs. Tightwad: "Tony was such a good man! GIRLS, WE'RE GOIN' TO VEGAS!" Freddie Freeloader: "Dang! The company's forcing me into retirement! I All I have is $2,500 in my checking account. The house is in foreclosure. I'm maxed-out on all my cards! My 2006 Kia is being repossessed! My %&!  of a wife is divorcing me! I hope I qualify for food stamps and have enough Social Security so I can rent an efficiency at the Ghetto Arms Apartments!" The Freeloader Family 35 years from now: "Happy Birthday to you! Happy Birthday to you! Happy 100th Birthday, dear Freddie..." |
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Replying to: ponytrekker (Aug 04, 2008 4:42 pm) But you're right of course, "saving" money at the cost of basic decent living makes no sense, nor does cost-cutting on 91 octane gas on a high performance luxury car. Did I ever tell you about The Theory of Inferior Ice Cream"? It goes something like this: What is the purpose of ice cream? Pleasure. It's not good for you, it's not nutritious, none of that. Sooooo, buying inferior, bad-tasting ice cream to save money becomes, essentially, a meaningless act.
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