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Automotive News & Views What if you were in charge of GM?
874 messages, Last post on Oct 28, 2009 at 10:20 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: fintail (Jun 29, 2009 7:15 pm) And as the original poster stated, it's hard to justify spending $50K for a vehicle when you have essentially the same vehicle that is a year older (or less) sitting next to it for roughly HALF the price. Add to that it's bigger brother selling for less cash, again only a year or slightly less older. What message does that send to a potential buyer? Having driven and spent considerable time in a CTS, no way would I pay $50K for one; heck I wouldn't pay $40K. |
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Replying to: cooterbfd (Jun 29, 2009 6:37 pm) The problem is that lease costs are a function of depreciation, and a GM car which is much cheaper is likely to cost as much on lease. Why lease a GM for $x when you can lease a German or Japanese car worth $10K more for the same $x? GM is cheaper in cost to procure which is why they have sales deals. They are more expensive in depreciation which is why it is so tough for them to have sweetheart leases.
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Replying to: tlong (Jun 30, 2009 1:58 pm) Just TRY and interpret a lease agreement in every detail. It's easier to buy a house.
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Replying to: Mr_Shiftright (Jun 30, 2009 3:57 pm)
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Replying to: fezo (Jun 30, 2009 4:01 pm) |
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Replying to: Mr_Shiftright (Jun 30, 2009 3:57 pm) Have you comparison shopped mattresses? Look at buying computers for the home. All kinds of combinations of CPUs, memory, motherboard speeds and capabilities, drives, et al. It's impossible to compare real quality and value from brand to brand. And then there are the closeout, reduced prices on the computers but those are models that may be 2 months old and aren't the latest and greatest in the eyes of the afficianados, therefore they have slightly reduced pricing and are actually much better values than the latest and greatest. But this is really sounding like car buying, isn't it. |
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Replying to: fezo (Jun 30, 2009 4:01 pm) I put leasing in there with all the shenanigans of funny paper Wall Street folks think of to trade and get people to lose their money on. I don't trust it and never will lease. Father-in-law leased 3 cars for 2 years each on the premise that they would be under warranty if anything went wrong. I kept telling him he'd be better off buying them and selling or trading them with 12,000 on them after 2 years. Finally he quit leasing.
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Replying to: imidazol97 (Jun 30, 2009 4:07 pm) A friend of mine does the buying new every couple of years (it's actually at a pre-determined mileage). He makes out better doing it this way and has the option, which he's actually using at this moment, of deciding to hang on to the car an extra few months or more if he wants or needs to. |
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Replying to: imidazol97 (Jun 30, 2009 4:05 pm) Bingo - at least you compare Intel and AMD chips pretty easily. Mattresses are impossible. |
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Replying to: imidazol97 (Jun 30, 2009 4:05 pm)
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Automotive News & Views What if you were in charge of GM?
