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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: 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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Replying to: corvette (Aug 06, 2008 12:28 pm) |
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Replying to: nippononly (Aug 06, 2008 12:27 pm) Ohhh... they are full of somethin' alright. |
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Replying to: nippononly (Aug 06, 2008 12:27 pm) There's no way I finance a BMW (or any other car) over 84 months. Then it'll be time to look at the used Honda Civic market.
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Replying to: ponytrekker (Aug 06, 2008 1:53 pm) |
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Replying to: ponytrekker (Aug 06, 2008 1:53 pm) 
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If the car companies are getting out of leasing, because the cars are worth less than the residuals, then that is a pretty good indicator that the lease deals were better for the consumers than they were for the car dealers.. If your leased car is worth $3000 less than the residual at lease end, then you've saved $3000 over your lease term vs. financing.. regards, kyfdx
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Replying to: kyfdx (Sep 02, 2008 8:29 am)
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Replying to: Mr_Shiftright (Sep 02, 2008 8:38 am) The point being.... When you lease, you are locking in your depreciation on the down-side.. Many, many people found that they are thousands of dollars ahead of someone that bought a big truck or SUV, and now needs to sell. I don't mean to imply that leasing is for everyone, or even most people... Sometimes, even if a lease works for you, generally, you can't lease a specific car because that lease program is poor. On some cars, you are leaving thousands on the table, if you don't lease.. Also, tax deductibiliity implications rarely make a difference (rarely, not always). Even purchasers can deduct automobile costs, if eligible.. It isn't leasing, or not, that determines that.. regards, kyfdx visiting host |
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