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Comments

  • stickguystickguy Member Posts: 53,332
    leasing to buy out is always an option, if can get the right terms and residual.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • nyccarguynyccarguy Member Posts: 17,491
    stickguy said:

    leasing to buy out is always an option, if can get the right terms and residual.

    Lease, then lease again

    "Rise & Repeat. Always repeat." HJ Simpson

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD

  • 28firefighter28firefighter Member Posts: 9,821
    Don't lease with the intent to buy - rarely works out to be a great lease and have it be a reasonable deal to purchase.
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • pensfan83pensfan83 Member Posts: 2,767
    For what it's worth the total pre-tax cost on my 3 year TLX lease is $16,000...I think it was around $15,500.
    1997 Honda Prelude Base - 2022 Acura MDX Type S Advance - 2021 Honda Passport Sport - 2006 BMW 330Ci ZHP
  • qbrozenqbrozen Member Posts: 33,736
    stickguy said:

    leasing to buy out is always an option, if can get the right terms and residual.

    Who are you kidding? You won't want to keep it that long!

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • stickguystickguy Member Posts: 53,332
    well, that unit sold anyway. Pretty much what usually happens. If I see something that really looks good, it gets sold before I can get there.

    back to leasing. That is easy.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • nyccarguynyccarguy Member Posts: 17,491
    lEASing is EASy

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD

  • andres3andres3 Member Posts: 13,928
    Someone had a brand new 2,300 mile S4 get rear ended at like 40 MPH. Repair estimate is 25 to 26K. They are stuck I"m afraid. Of course they'd like it to be totaled, but I know how this game goes with insurance.

    The great news for them is they have an early return option, the end of their lease!! Still, they have to live with with the fact they will be driving over 30 months with a leased 35K damaged-value car rather than the 50K S4 they were driving around. Even leases are brutal with DV. Also, the repair will probably take 2 months, and 2/36ths is not insignificant. Good luck trying to rent an S4 in the USA. My money is on them getting an Optima.
    '18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
  • steine13steine13 Member Posts: 2,825
    >> My money is on them getting an Optima.

    Let's not get carried away on the hardship of driving a boring car for a few days.

    Not so long ago, you get rear-ended "at like 40 MPH" you didn't have to worry about driving much besides a hearse or maybe a wheelchair.

    And yes, a lease is a blessing under the circumstances.

    Took my leased Cruze for its first (free) oil change.
    I'll allow that it's a little different than changing oil on my '03 Sienna in 30 degrees and a 15 mph wind...
  • corvettecorvette Member Posts: 11,274
    Depending on the state, they may still be able to pursue a DV claim if they are the legal owner, even if it's leased. Overall, they're not in nearly as bad a position as they would have been in if they'd purchased.
  • andres3andres3 Member Posts: 13,928
    corvette said:

    Depending on the state, they may still be able to pursue a DV claim if they are the legal owner, even if it's leased. Overall, they're not in nearly as bad a position as they would have been in if they'd purchased.

    How many people hate insurance companies enough to pursue a DV claim when the loss can be transferred within 3 years though?

    I'd raise my hand, but life gets busy too. I could see letting the insurance company get away with it to save time and choose your battles.
    '18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
  • nyccarguynyccarguy Member Posts: 17,491
    andres3 said:
    Someone had a brand new 2,300 mile S4 get rear ended at like 40 MPH. Repair estimate is 25 to 26K. They are stuck I"m afraid. Of course they'd like it to be totaled, but I know how this game goes with insurance. The great news for them is they have an early return option, the end of their lease!! Still, they have to live with with the fact they will be driving over 30 months with a leased 35K damaged-value car rather than the 50K S4 they were driving around. Even leases are brutal with DV. Also, the repair will probably take 2 months, and 2/36ths is not insignificant. Good luck trying to rent an S4 in the USA. My money is on them getting an Optima.
    One amazing benefit of leasing.  Get your car fixed.  Drive it until the lease is up.  Turn it in and walk away.  Depreciation is fixed.  Not so much if the person owned the car.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD

  • andres3andres3 Member Posts: 13,928
    nyccarguy said:


    andres3 said:

    Someone had a brand new 2,300 mile S4 get rear ended at like 40 MPH. Repair estimate is 25 to 26K. They are stuck I"m afraid. Of course they'd like it to be totaled, but I know how this game goes with insurance.

    The great news for them is they have an early return option, the end of their lease!! Still, they have to live with with the fact they will be driving over 30 months with a leased 35K damaged-value car rather than the 50K S4 they were driving around. Even leases are brutal with DV. Also, the repair will probably take 2 months, and 2/36ths is not insignificant. Good luck trying to rent an S4 in the USA. My money is on them getting an Optima.

    One amazing benefit of leasing.  Get your car fixed.  Drive it until the lease is up.  Turn it in and walk away.  Depreciation is fixed.  Not so much if the person owned the car.

    Yes, still, I'd rather the accident happen at the end of the lease than early in the lease. Also, what happens if it happens the day before you return the car? Is the extra 2 month extension for repairs on you, or the leasing company?
    '18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
  • spacewrrrspacewrrr Guest Posts: 12
    edited December 2018
    Q, can you help me with a trade in value for a 2016 VW Jetta GLI SE trim, 36k miles, auto/dsg, dark gray ext./blk int.,in San Diego Ca.  Condition is very good, no accidents or any repair work at all — TIA. 
  • 28firefighter28firefighter Member Posts: 9,821
    I’m going to guess $14k trade. Curious how close I am...
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • qbrozenqbrozen Member Posts: 33,736
    About $12.5k, maybe a couple hundred more.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • Satforn18Satforn18 Member Posts: 4
    2009 Acura TL - 170K miles - good condition - zip code 18901 - Grey with tan interior
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    edited December 2018
    Q--can I get an auction average on a 2011 Mercedes R 350 , 84K miles, Steel Gray over Ash Interior, pretty much loaded up with options, dealer is asking $17,9K . SF Bay Area. This is for a friend (no, really) who lives overseas who wants me to go look at it for him. Photos show a very nice car. Dealer is top rated. Thanks Shifty.

  • steine13steine13 Member Posts: 2,825
    Summarizing this three-way conversation:
    >> 2016 VW Jetta GLI SE trim, 36k miles, auto/dsg,
    >> $14k trade. Curious how close I am...
    >> About $12.5k, maybe a couple hundred more.

    That seems to be in line with the idea that strong car sales the last few years have led to a healthy supply, which is bringing prices down. That GLI must have cost somewhat North of $25 new, maybe close to $28.

    So the world is starting to make a little sense again. -mathias
  • qbrozenqbrozen Member Posts: 33,736
    Satforn18 said:

    2009 Acura TL - 170K miles - good condition - zip code 18901 - Grey with tan interior

    assuming base model, FWD, about $3k.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • qbrozenqbrozen Member Posts: 33,736
    Mr_Shiftright said:

    Q--can I get an auction average on a 2011 Mercedes R 350 , 84K miles, Steel Gray over Ash Interior, pretty much loaded up with options, dealer is asking $17,9K . SF Bay Area. This is for a friend (no, really) who lives overseas who wants me to go look at it for him. Photos show a very nice car. Dealer is top rated. Thanks Shifty.

    Not a diesel, right?

    That asking price is about $6k over auction value. Ouch.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • explorerx4explorerx4 Member Posts: 20,723
    Q,
    Thanks for your help.
    My Brother in Law is buying the Fusion.
    I was worried because he went through a divorce a few years and after that a bankruptcy, so I gave him some payment #'s at high interest rates..
    He's paying just under $300 a month, no money down for 4 years including some kind of 5 year/75k warranty.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Thanks Q--yes it is pricey, but we have to start somewhere! :p
  • stickguystickguy Member Posts: 53,332
    2017 Audi A3. Pretty loaded. Premium plus, tech, sport package. Upstate NY or north jersey (probably jersey). Dark blue over brown. About 24k miles.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • 28firefighter28firefighter Member Posts: 9,821
    stickguy said:

    2017 Audi A3. Pretty loaded. Premium plus, tech, sport package. Upstate NY or north jersey (probably jersey). Dark blue over brown. About 24k miles.

    Lol. Your kid has the disease like the rest of us.
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • nyccarguynyccarguy Member Posts: 17,491
    stickguy said:

    2017 Audi A3. Pretty loaded. Premium plus, tech, sport package. Upstate NY or north jersey (probably jersey). Dark blue over brown. About 24k miles.

    "I KNOWZ WHAT I GOTZ! NO LOW BALLZ! TXT ONL AFTR 11"

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD

  • stickguystickguy Member Posts: 53,332
    I think his is worse. Or maybe he just has money money now to indulge it!

    Jonseing for an S3 with all the goodies. At least now I have him convinced to lease these, not buy new.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • 28firefighter28firefighter Member Posts: 9,821
    Actually, the S3 is a pretty awful car to lease. High MFs, low residuals, little incentives.
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • qbrozenqbrozen Member Posts: 33,736
    All Audis are pretty bad, but maybe still beats buying and trading every 2 yrs (or is it ever yr).

    Assuming the A3 is a quattro sedan, about $22.5k-$23k.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • stickguystickguy Member Posts: 53,332
    28firefighter said:

    Actually, the S3 is a pretty awful car to lease. High MFs, low residuals, little incentives.

    it's a leftover 2018. Pretty good incentives, so in this case might work.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • henrynhenryn Member Posts: 4,289
    Are the incentives only on leasing? If you have equally good incentives on buying, and the residual on a lease is "low", then what exactly is the motivation for leasing?

    Correct me if I'm wrong, but I thought the main incentive for leasing was when the car company gave you an unrealistically high residual, which would guarantee that the car would be worth less than the residual at the end of the 3 year lease.
    2023 Chevrolet Silverado, 2019 Chrysler Pacifica
  • stickguystickguy Member Posts: 53,332
    often the incentives are for leases. And if you are not keeping the car past 3 years anyway, not losing anything by having a realistic residual. Mostly though, you put nothing into an expensive car, and have a payment lower than a mortgage.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • 28firefighter28firefighter Member Posts: 9,821
    Agree. As long as he commits to keeping it the 3 years. 
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • stickguystickguy Member Posts: 53,332
    oh if he leases, will not be any other option.

    probably not happening. Very few around, and none within 2 hours from him. And his contacts with the couple dealers in NJ that have them, was not at all fruitful. So he is now planning to wait until 2019's arrive, and see about doing something with out local dealer (to avoid being slimed). Plus, can also loo at some other options. The G70 3.3T also caught his eye!

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • 28firefighter28firefighter Member Posts: 9,821
    He has very good taste
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • nyccarguynyccarguy Member Posts: 17,491
    henryn said:
    Are the incentives only on leasing? If you have equally good incentives on buying, and the residual on a lease is "low", then what exactly is the motivation for leasing? Correct me if I'm wrong, but I thought the main incentive for leasing was when the car company gave you an unrealistically high residual, which would guarantee that the car would be worth less than the residual at the end of the 3 year lease.
    Unrealistically high residual (that’s just one way leases are incentivized) or not, leasing a car fixes your depreciation for the term of the lease.  The fact that a bank is only going to let you pay for the portion of the car you use and the car will not depreciate one cent less when you are done with it is the main benefit of leasing.  

    There are other benefits for those of us with a Chronic Car Buying habit.  It keeps us in the car for a set time period (unless of course there is a dynamite pull ahead program or we can get someone to take over the lease).  

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD

  • stickguystickguy Member Posts: 53,332
    was looking at a G70 online (loaded 3.3t). Man, that is a nice looking car, and loaded. 365HP and 379 lb/ft sounds like trouble in the making though.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • qbrozenqbrozen Member Posts: 33,736
    nyccarguy said:
    henryn said:
    Are the incentives only on leasing? If you have equally good incentives on buying, and the residual on a lease is "low", then what exactly is the motivation for leasing? Correct me if I'm wrong, but I thought the main incentive for leasing was when the car company gave you an unrealistically high residual, which would guarantee that the car would be worth less than the residual at the end of the 3 year lease.
    Unrealistically high residual (that’s just one way leases are incentivized) or not, leasing a car fixes your depreciation for the term of the lease.  The fact that a bank is only going to let you pay for the portion of the car you use and the car will not depreciate one cent less when you are done with it is the main benefit of leasing.  

    There are other benefits for those of us with a Chronic Car Buying habit.  It keeps us in the car for a set time period (unless of course there is a dynamite pull ahead program or we can get someone to take over the lease).  
    Or you got such a massive discount plus incentives that its value is equal to or better than the buyout. ;)

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • spacewrrrspacewrrr Guest Posts: 12
    steine13 said:
    Summarizing this three-way conversation: >> 2016 VW Jetta GLI SE trim, 36k miles, auto/dsg, >> $14k trade. Curious how close I am... >> About $12.5k, maybe a couple hundred more. That seems to be in line with the idea that strong car sales the last few years have led to a healthy supply, which is bringing prices down. That GLI must have cost somewhat North of $25 new, maybe close to $28. So the world is starting to make a little sense again. -mathias
    You sir are correct. Good thing I leased it at $230/mo. back when VW has pushing lots of incentives to move cars after dieselgate.

    The residual is thousands more, like 17-18 don’t remember exactly so this one is going back. Thanks for the estimates. 
  • ayatsilayatsil Member Posts: 13
    How much to trade/sell:
    2016 Honda Odyssey SE
    24K miles
    White
    Rear bumper needs a paint job on one side

    Thanks!
  • qbrozenqbrozen Member Posts: 33,736
    ayatsil said:

    How much to trade/sell:
    2016 Honda Odyssey SE
    24K miles
    White
    Rear bumper needs a paint job on one side

    Thanks!

    what state are you in?
    What happened to the rear bumper?

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • ayatsilayatsil Member Posts: 13
    qbrozen said:

    ayatsil said:

    How much to trade/sell:
    2016 Honda Odyssey SE
    24K miles
    White
    Rear bumper needs a paint job on one side

    Thanks!

    what state are you in?
    What happened to the rear bumper?



    Southern California
    Light scrape on the side
  • corvettecorvette Member Posts: 11,274
    I’d at least hit it with some touch up paint, or possibly invest in having a pro with one of those miniature airbrushes to fix it. 
  • stickguystickguy Member Posts: 53,332
    qbrozen said:

    All Audis are pretty bad, but maybe still beats buying and trading every 2 yrs (or is it ever yr).

    Assuming the A3 is a quattro sedan, about $22.5k-$23k.

    end up getting $23,750 I think from the dealer, so I think he did good. The front end of the deal seemed normal. They first penciled him at 19K, so he was glad to have your insight and held firm.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • qbrozenqbrozen Member Posts: 33,736
    stickguy said:
    All Audis are pretty bad, but maybe still beats buying and trading every 2 yrs (or is it ever yr). Assuming the A3 is a quattro sedan, about $22.5k-$23k.
    end up getting $23,750 I think from the dealer, so I think he did good. The front end of the deal seemed normal. They first penciled him at 19K, so he was glad to have your insight and held firm.
    Well, they got him to buy a Genesis, sooo....

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • qbrozenqbrozen Member Posts: 33,736
    ayatsil said:
    How much to trade/sell: 2016 Honda Odyssey SE 24K miles White Rear bumper needs a paint job on one side Thanks!
    what state are you in? What happened to the rear bumper?
    Southern California Light scrape on the side
    Miles are low but that bumper is misaligned. I'll take a stab at maybe $18.5k, tops.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • stickguystickguy Member Posts: 53,332
    well, lease not buy. But he really likes the car.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • xwesxxwesx Member Posts: 17,680
    stickguy said:

    well, lease not buy. But he really likes the car.

    I must have missed part of the conversation. Your son pulled the trigger already?!
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • xwesxxwesx Member Posts: 17,680
    Ah, nevermind! Caught up in CCBA. Congrats to him!
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • qbrozenqbrozen Member Posts: 33,736
    edited December 2018
    stickguy said:
    well, lease not buy. But he really likes the car.
    HE Really liked the last 2 cars, too. ;)
    he should definitely be in CCBA

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

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