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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: 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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Replying to: Mr_Shiftright (Aug 05, 2008 10:05 am) I couldn't agree more. This is something I've really only come to fully realize within the past 10 years due to dietary health-related restrictions. I can "cheat" once in a while. Because it is more of a rarity for me, I will only cheat if it is truly worth it. My wife and I have grown to adopt this philosophy in other parts of our existence, too. Life is too short not to enjoy yourself. Why bother with something if, in the end, your reaction is "eh"? Hey, how do you like your car? Eh. You happy with that house you financed for 30 years? Eh. How's the food at that restaurant you've visited 12 times? Eh. Are you happy with your long distance service? Eh.
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Replying to: qbrozen (Aug 05, 2008 10:16 am) |
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just announced it also had major charges to write off for lower-than-expected residuals in the last quarter, which substantially ate into its bottom line. It expects that to continue through this year, with profits down 1/3 or more as a result. Maybe they WILL be the next one to leave the lease business, although they are going to have to offer some WHOPPER cash deals to keep those customers coming in... I wonder how Honda will respond to what is becoming something of a trend. After all, most of Honda's incentives are in the form of promo leases...they sometimes use factory to dealer cash, but NEVER factory to customer cash. The leases are most common. Are Honda residuals holding up, I wonder? |
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Replying to: nippononly (Aug 06, 2008 11:17 am)
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Replying to: Mr_Shiftright (Aug 06, 2008 11:59 am) Oh, and "ceasing leasing"? LOL! I was always a sucker for rhymes. 
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Replying to: Mr_Shiftright (Aug 06, 2008 11:59 am) Before, folks would cross-shop based on lease payments. A $45k bimmer seemed to lease fairly similarly to a $35k infiniti. If leases are gone, than finance payments will be cross-shopped. Guess which one is higher in that scenario? |
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Replying to: qbrozen (Aug 06, 2008 12:20 pm) Dealers and automakers are full of games... |
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Replying to: nippononly (Aug 06, 2008 11:17 am)
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