Leasing a vehicle?

General Discussion

  1. mbaird

    mbaird mbaird

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    Never assume that a ussd car is a better deal . Not always true .
    Toyota Tacomas , Honda CR-Vs , Deisel trucks... just a few vehicles you are better off buying new .
    Always approach the decision with an open mind and do research .

    Why would you want to pay 28k for a 70k Tacoma when a new one runs 32k ?
    Those numbers are just an example but the delta is realistic.
     
  2. diymirage

    diymirage HP@idle > hondaHP@redline

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    Why would you wanna buy toyota in the first place?
     
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    • YY1

      YY1 Well-Known Member

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      I bought my $15,000 2015 renegade (average KBB value at the time $21K) with cash at a toyota dealership in 2017.

      The tacoma they had in the showroom had an SRP sticker of $48,000.

      No thanks.

      It was fun to literally throw down a small briefcase on the finance guy's desk, and fling it open.

      Priceless experience, if you've never done it.



      EDIT- WTH did the tundra cost????
       
      Last edited: Oct 13, 2020
    • YY1

      YY1 Well-Known Member

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      hyundai threw my wife a loop, though.

      She had to finance in order to get what amounted to a $1900 discount on her 2020 (last year's model) kona.

      She grilled the finance guy about minimum term and payments, disqualifications, early payoff fees, early payments, etc.

      Had to finance at least 60%, for at least 3 years and make at least 3 payments.

      She made 3 $2500 payments in 2 months, and then paid it off.

      Cost about $60 in interest to save that nearly $2K plus the PITA factor, but that's a good trade in my book.

      I LOVE that woman!!!!!
       
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      • 69_340_GTS

        69_340_GTS Well-Known Member

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        I got 0% interest on the new '16 Ford I bought, and more recently on a new '19 Subaru. If you have a good credit rating you can get 0%, and should just finance the car at 0% interest. You can't do any better than that.
         
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        • ir3333

          ir3333 Well-Known Member

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          I think the Tacoma has the highest resale value of any vehicle in the world!
          They say you can take anything in to Africa but if you want to come back out
          you have to have a Toyota.
          Are they that much better?
           
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          • ir3333

            ir3333 Well-Known Member

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            you are probably paying them a big profit on the purchase price.
            ...you can't beat these guys.
             
          • RustyRatRod

            RustyRatRod Bla de blizhibliz de blatde blizi bla bla FABO Gold Member

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            You lease a whore, not a vehicle.
             
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            • mbaird

              mbaird mbaird

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              Other than bullet proof reliability , excellant interior quality , top notch engineering , low maintenance and the already mentioned resale ?
              None
               
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              • mbaird

                mbaird mbaird

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                You do realize that when you pay with 10k or more cash the dealer has to report that to the IRS which might trigger future audits .... finance people hate getting cash ! Lol
                 
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                • abodyjoe

                  abodyjoe Well-Known Member

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                  they are in business to make money. no matter how good of a deal you think you got they made money. hell jamies Subaru was a 19 left over that we got cheaper then a 18 or 19 used and got way better financing.. real good deal but i'm sure they still make a their fair share..
                   
                • YY1

                  YY1 Well-Known Member

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                  I have that letter framed on my wall. :lol:
                   
                • YY1

                  YY1 Well-Known Member

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                  In the 1980's and early 90's there may have been some teeth to the toyota quality perception, but since then- meh.

                  It was such a pivotal time in automotive history where fierce American brand loyalty was waning and some people felt sold out.

                  That has turned into some pretty fierce brand loyalty to foreign brands despite most every manufacturer being able to catch up.

                  Goes to prove that negative experiences can last generations.
                   
                • abodyjoe

                  abodyjoe Well-Known Member

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                  yup and its not changing anytime soon... the big three really screwed up in the 70's and 80's putting that junk out there thinking americans will buy their garbage and be happy with it and then being treated like shit when the car needed repair or warranty work. the big three cars have gotten better but i still personally think they haven't come up the the level of a honda or toyota.. even if they did the bigger problem is at the dealership level in my personal experience anyway.. honda and toyota seem more concerned about customer service. again in my personal experience. others experience may vary.
                   
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                  • 75slant6

                    75slant6 Well-Known Member

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                    Yup. NEVER tell a car dealer that you’re paying with cash until after the deal is done. They make more money off financing so they’ll never give you a deal if they know you’re paying cash.
                     
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                    • YY1

                      YY1 Well-Known Member

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                      Renegade was advertised for 16K.

                      Got it for 15K out the door, no fees, no tax, no nuthin'.

                      I'm claiming victory.

                      I did get up from the table when he seemed like he wouldn't budge on the $500 dealer fee.

                      ...but it came off.

                      WTF is a dealer fee anyway?

                      Once I said I'd been watching three of them with the same options (turbo and manual trans) and what they were advertised for and how long they'd been on the market, they toned down some of the sales schpiel.

                      The first "total price" they threw out was almost 18K.

                      Be the F careful out there if buying from a dealer.


                      ...and I'm sure they still made money.

                      ...and that's also a lesson in trade in value and another reason I drive them until they ain't worth nuthin".
                       
                      Last edited: Oct 13, 2020
                    • diymirage

                      diymirage HP@idle > hondaHP@redline

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                      Profit
                       
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                      • R4Sedan

                        R4Sedan Larry FABO Gold Member

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                        If you put 10K or more down the dealer has to fill out a 8300 form. The customer doesn't
                        even have to know you are filling it out.

                        You have Investment's and you don't even carry Full coverage.:BangHead:
                         
                      • R4Sedan

                        R4Sedan Larry FABO Gold Member

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                        Yes, and most of them in FL are between 700 and 1000 now. Go figure.
                         
                      • diymirage

                        diymirage HP@idle > hondaHP@redline

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                        Like the old man always used to say "you better study boy, and you can steal a whole lot more with a pen then with a crowbar"
                         
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                        • 340wedge

                          340wedge Well-Known Member

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                          Getting some good feed back here. Thank You all. I am not even sure the type car but the wife is leaning towards a Subaru or Toyota 4 runner.
                           
                        • YY1

                          YY1 Well-Known Member

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                          In my opinion full coverage insurance is a bad investment.

                          The likelihood of it paying a return is very slim and extremely unwanted.

                          I have the largest possible deductible on all of our real estate insurance policies as well.

                          That deductible amount is covered after 3-4 years, and then becomes "profit" for me to place in my "self insured" fund and earn interest on.

                          I want/need insurance for catastrophic damage only or injury to others.....at the lowest possible expense.
                           
                        • mbaird

                          mbaird mbaird

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                          Subaru does not have their own financing arm . They use Chase I believe. The rates will be higher and turn in fees/damage fees etc will be more most likely.
                          Toyota does have an internal finance company. So they are not just looking to make a profit on the interest .... they also want to move product and keep you feeling good about the experience so you come back again.

                          Always choose a lease with company backed financing.

                          I would choose the Toyota .
                           
                        • mbaird

                          mbaird mbaird

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                          If you get the breakdown for both leases I will go over them for you.

                          Get the cap cost , the residual , the money factor , the acquisition fee and find out what the disposal fees are .
                          And ask what the policy is on trading it in at another dealer before lease end .... some leases inflate the payoff to anyone but selling dealer in order to trap you into buying there again ... that would piss me off !
                           
                        • MarPar

                          MarPar If it weighs, it pays FABO Gold Member

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                          :rofl:
                           
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