Anyone else having to sign in multiple times to get into these forums? Tends to go like this; sign in and told no longer valid, then takes you to same sign in box, then takes you to Edmunds were you have to go back to forums and then click your name by the sign in. Seems like it is getting a little too Microsoft
My point is, to me acquisition fee is part of cost of money, not part of vehicle price. If you rolled it in, you paid that very small paid extra in installments, but overall it was still there. It's of course fungible, you can either say you paid more for the Jetta, or for the money on the Jetta. Either way, you paid it.
Also, on early trade of a leased vehicle, there is a payoff amount calculated by the lessor (and it includes fees, I'm sure). So, if the trade value was "in the money", you were OK, but if it wasn't, the missing value was somehow paid there, either by Jetta's price adjustment, or by disposal. Perhaps, the dealer "ate" that, but somehow I doubt it.
The dealer and I split the difference on the costs to get out of the Elantra lease - we agreed that the miles, the 2 payments and the damage to the bumper were about $2000 total. They paid off the lease but raised the price of the Jetta about $1K to compensate.
My car was probably worth $9K in trade, so the $12K they gave me for it was overpaying, quite a bit.
I got the deal I wanted, and the dealer put the car out for just under $13K - I doubt they'll make money on it, in the end.
driver100 - the cop in your accident case was not properly trained, but you already get that. He should've shown you a lot more respect and interview time, too. As for your intersection driving, heh, I was taught ta begin braking to stop if there's already a yellow caution light shing up above. If you want or safely can, you can proceed on through the light (IOW's punch it!). But emphasis is on either method of travel.
Having said that, as has been mentioned, looking in your rear view mirror would be optimum, if you have time. Sometimes a person just doesn't have time ta do this, in which case Mr. Inattentive Truckdriver should've not been following you so close, so he could hit his brakes and have avoided a nasty collision with you. He is an ongoing road hazard as it now stands. The best of fortune to you going forward.
iluv, One retired insurance executive said to me "either the cop didn't like you or your ride". I think that is possible, because he wasn't very respectful to me or my wife. I would say he treated us with some contempt. It may have been, he was sympathetic to the working guy who was driving the truck. I mentioned these things a bit to the supervisor, but, I don't think he wanted to go there....he told me the cop wasn't trained properly. I felt like going on a radio show or writing a newspaper article, but, I don't want to get involved in litigation etc.
About looking in your rear view mirror when stopping. I do that about 80% of the time whenever possible. This time I knew the light would change - it had been green for a long time and the pedestrian warning was flashing, and I picked my point to stop or go through....while doing that I saw a few cars ready to turn left, I saw bus shelters which could mean pedestrians, I saw pedestrians including children waiting to cross and I saw cars ready to go when the light going the other way changed. There were just too many things to watch and make a decision for me to even glance in the mirror, but, since I had plenty of time I brought the car to a cushioned stop so that anyone behind me should have known what I was about to do.
We saw the movie Sully this weekend and it is a terrific movie. He landed the plane on the Hudson River and saved 155 people. They tried to nail him for not taking the plane to one of two airports. I won't give away anything, but, I felt like Sully trying to prove my innocence. Excellent movie!
About the movie Sully, he was an extremely good pilot as evidenced by his successful water landing. Not every pilot could do what he did but the aviation industry has to find what the fault is before they can release the pilot from "pilot error". And as you alluded to, they put you through the wringer before doing that. Most plane crashes are due to some kind of human error so they look there first and they lean on that heavily.
As I have mentioned before, I was on a flight crew when I was in the Navy. I wasn't a pilot, just a crew member on transports. I got a lot of flight time on a C-130 and I remember one time when our crew was waiting at a table in a lobby somewhere having a coffee waiting for the plane to be gassed up we got to talking and someone (not a pilot) mentioned a rough landing he had a few flights back (not with this particular plane commander on our crew that day) but another plane commander. He said it was unavoidable because of the cross winds but it was rougher than normal. He then mentioned the old story, "I guess any landing you can walk away from is a good landing". Our plane commander stop him and said, "yeah, we all know that but I do my damndest to make sure everyone on my crew can run away after I land a plane".
That got to be the new standard after hearing that.
I haven't seen the movie yet but I plan to in a few days. Just waiting for a rainy day so as to take advantage of the nice Fall weather while it lasts.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
My point is, to me acquisition fee is part of cost of money, not part of vehicle price. If you rolled it in, you paid that very small paid extra in installments, but overall it was still there. It's of course fungible, you can either say you paid more for the Jetta, or for the money on the Jetta. Either way, you paid it.
Also, on early trade of a leased vehicle, there is a payoff amount calculated by the lessor (and it includes fees, I'm sure). So, if the trade value was "in the money", you were OK, but if it wasn't, the missing value was somehow paid there, either by Jetta's price adjustment, or by disposal. Perhaps, the dealer "ate" that, but somehow I doubt it.
The dealer and I split the difference on the costs to get out of the Elantra lease - we agreed that the miles, the 2 payments and the damage to the bumper were about $2000 total. They paid off the lease but raised the price of the Jetta about $1K to compensate.
My car was probably worth $9K in trade, so the $12K they gave me for it was overpaying, quite a bit.
I got the deal I wanted, and the dealer put the car out for just under $13K - I doubt they'll make money on it, in the end.
But, they moved a unit they wanted to move.
I got an unbelievable deal on the 2005 XG 350 that eventually blew an engine. I couldn't understand how I got the deal I got and finally figured that the dealer was probably fighting for every car he could put on the road since it was one day before the end of the month.
Those monthly/quarterly bonuses have got to be a lot better than we think they are.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I think 31 percent leases is really high already. I'm sure the higher you go in the market, the higher the percentage. Perhaps this forum may be skewed by people owning more expensive vehicles.
I think that is probably true, lots of Mercedes, BMWs, and Audis in this group.
Anyone else having to sign in multiple times to get into these forums? Tends to go like this; sign in and told no longer valid, then takes you to same sign in box, then takes you to Edmunds were you have to go back to forums and then click your name by the sign in. Seems like it is getting a little too Microsoft
Ever since the change over i can't get the forums page to load...just a blank screen with an Edmunds header. So now I go to Google and type in the name of this board and enter on someone's old post (usually driver100's). Don't ask me to explain it.
Maybe I'm doing something wrong but if I don't keep the browser window open I can't get back on by Googling Edmunds.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Interest rates are usually higher on leases than car loans. According to WalletHub’s recent survey of car manufacturers’ financing arms, auto dealers charge 1.45 percent on average 36-month car loans versus 4.58 percent APR for leases.
Mr. Hall of Swapalease said 31 of every 100 new car sales last year was a lease, which is a record high. He said consumers are drawn to car leases because of the low expense involved in driving newer cars.
I thought the interest rate on leases was supposed to be very low, I was under the impression that was part of the appeal of leasing. Apparently I thought wrong.
And from all of the talk I see here in Edmunds about leasing, I was under the impression that the percentage of new car sales going via lease would be higher than 31%.
I don't know where the author is pulling his data from; I would say that over 95% of the lease numbers I quote are less than the 4.58% cited. In fact, the only cars where the lease rate is higher than that is the Yukon / Tahoe / Suburban and limited edition or sporty models (Mustang GT, Charger / Challenger R/T, etc.).
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
selling the farmstead finally, or just stopping the planting and harvesting?
Hopefully both but for now we'll stay put until the right buyer happens along. One hot lead came from a local talk radio host who quipped on air that he would like to move to my neighborhood. Even mentioned a landmark about a quarter mile away. He said he'd like a house or a lot to build on...well, I've got both and you guys have seen the view.
Who knows, I may get to be driver100's annoying southern neighbor to go along with his tree cutter in Canada.
A farmer down in Oklahoma won the state lottery last year, $10 million. When asked what he would do with all the money, he said, just keep farming until I lose all that too. EDIT: driver beat me to it !
The oft repeated joke among farmers is the question: "how do retire with a million dollars after 20 years of farming?"
Answer: "start out with TWO million"
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
driver100 - the cop in your accident case was not properly trained, but you already get that. He should've shown you a lot more respect and interview time, too. As for your intersection driving, heh, I was taught ta begin braking to stop if there's already a yellow caution light shing up above. If you want or safely can, you can proceed on through the light (IOW's punch it!). But emphasis is on either method of travel.
Having said that, as has been mentioned, looking in your rear view mirror would be optimum, if you have time. Sometimes a person just doesn't have time ta do this, in which case Mr. Inattentive Truckdriver should've not been following you so close, so he could hit his brakes and have avoided a nasty collision with you. He is an ongoing road hazard as it now stands. The best of fortune to you going forward.
iluv, One retired insurance executive said to me "either the cop didn't like you or your ride". I think that is possible, because he wasn't very respectful to me or my wife. I would say he treated us with some contempt. It may have been, he was sympathetic to the working guy who was driving the truck. I mentioned these things a bit to the supervisor, but, I don't think he wanted to go there....he told me the cop wasn't trained properly. I felt like going on a radio show or writing a newspaper article, but, I don't want to get involved in litigation etc.
About looking in your rear view mirror when stopping. I do that about 80% of the time whenever possible. This time I knew the light would change - it had been green for a long time and the pedestrian warning was flashing, and I picked my point to stop or go through....while doing that I saw a few cars ready to turn left, I saw bus shelters which could mean pedestrians, I saw pedestrians including children waiting to cross and I saw cars ready to go when the light going the other way changed. There were just too many things to watch and make a decision for me to even glance in the mirror, but, since I had plenty of time I brought the car to a cushioned stop so that anyone behind me should have known what I was about to do.
We saw the movie Sully this weekend and it is a terrific movie. He landed the plane on the Hudson River and saved 155 people. They tried to nail him for not taking the plane to one of two airports. I won't give away anything, but, I felt like Sully trying to prove my innocence. Excellent movie!
"yeah, we all know that but I do my damndest to make sure everyone on my crew can run away after I land a plane".
That got to be the new standard after hearing that.
I haven't seen the movie yet but I plan to in a few days. Just waiting for a rainy day so as to take advantage of the nice Fall weather while it lasts.
jmonroe
I have been on a plane when it came down pretty heavy on the runway....I was glad to stumble away after some of those landings.
Another thing is it seems a lot of those planes can use a good wheel balance too...not sure why some planes thud along the runway so much.
You will really appreciate the movie Sully. If I heard right in the movie they wanted to nail him because of the insurance on the plane. Also, it can't be overlooked, if he could land at an airport vs. ruining a multi million dollar plane by landing it in water.
A propliner generally has a slower glide descent than a jetliner. No engine, jetliner lift goes away pretty quickly. The straight line wings on a prop account for much of the difference. No pilot is going to drop it into the drink if it's glide path will get it to a runway. Two ATR rated pilots in the cockpit to counter check each other, and unlike the old days, most aren't afraid to speak up - that's a good thing! Everyone learned from Air Florida.
driver100 - the cop in your accident case was not properly trained, but you already get that. He should've shown you a lot more respect and interview time, too. As for your intersection driving, heh, I was taught ta begin braking to stop if there's already a yellow caution light shing up above. If you want or safely can, you can proceed on through the light (IOW's punch it!). But emphasis is on either method of travel.
Having said that, as has been mentioned, looking in your rear view mirror would be optimum, if you have time. Sometimes a person just doesn't have time ta do this, in which case Mr. Inattentive Truckdriver should've not been following you so close, so he could hit his brakes and have avoided a nasty collision with you. He is an ongoing road hazard as it now stands. The best of fortune to you going forward.
iluv, One retired insurance executive said to me "either the cop didn't like you or your ride". I think that is possible, because he wasn't very respectful to me or my wife. I would say he treated us with some contempt. It may have been, he was sympathetic to the working guy who was driving the truck. I mentioned these things a bit to the supervisor, but, I don't think he wanted to go there....he told me the cop wasn't trained properly. I felt like going on a radio show or writing a newspaper article, but, I don't want to get involved in litigation etc.
About looking in your rear view mirror when stopping. I do that about 80% of the time whenever possible. This time I knew the light would change - it had been green for a long time and the pedestrian warning was flashing, and I picked my point to stop or go through....while doing that I saw a few cars ready to turn left, I saw bus shelters which could mean pedestrians, I saw pedestrians including children waiting to cross and I saw cars ready to go when the light going the other way changed. There were just too many things to watch and make a decision for me to even glance in the mirror, but, since I had plenty of time I brought the car to a cushioned stop so that anyone behind me should have known what I was about to do.
We saw the movie Sully this weekend and it is a terrific movie. He landed the plane on the Hudson River and saved 155 people. They tried to nail him for not taking the plane to one of two airports. I won't give away anything, but, I felt like Sully trying to prove my innocence. Excellent movie!
"yeah, we all know that but I do my damndest to make sure everyone on my crew can run away after I land a plane".
That got to be the new standard after hearing that.
I haven't seen the movie yet but I plan to in a few days. Just waiting for a rainy day so as to take advantage of the nice Fall weather while it lasts.
jmonroe
I have been on a plane when it came down pretty heavy on the runway....I was glad to stumble away after some of those landings.
Another thing is it seems a lot of those planes can use a good wheel balance too...not sure why some planes thud along the runway so much.
You will really appreciate the movie Sully. If I heard right in the movie they wanted to nail him because of the insurance on the plane. Also, it can't be overlooked, if he could land at an airport vs. ruining a multi million dollar plane by landing it in water.
No pilot in his right mind would chose to make a water landing if he could have even a 50/50 chance of landing on a solid runway. The pilot knows best how the plane is responding and just because there are insurance concerns, which doesn't surprise me, the pilot is ultimately responsible for getting the plane on the ground or in this case on the water safely. The insurance company and the airline would have had claims up the gazoo if lives were lost because the pilot decided that an insurance company investigation should override his experience as to how best to get the plane back.
IIRC, the airline/industry had this flights data input to flight simulators. Not a single pilot got the plane to land safely on the water on the first try. After several tries some pilots could do but even then not too many could do it. It's a damn good thing that Sully got it right the first time because he couldn't afford to practice.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Sully was also a glider pilot which certainly helped. In my book he is a quiet hero who makes us proud to be an American. No bluster, just humble and capable.
didn't the data also confirm that he never would have made the airport?
Also the minor (not minor) detail that, as he knew, if he couldn't make it, the plan was coming down in a heavily populated area and likely would have wiped out way more people on the ground too.
didn't the data also confirm that he never would have made the airport?
Also the minor (not minor) detail that, as he knew, if he couldn't make it, the plan was coming down in a heavily populated area and likely would have wiped out way more people on the ground too.
The initial data indicated that the left engine was idle (as opposed to off). However, the other component was that there was a possibility had he immediately turned for LGA or Teterboro when the strike occurred, he might have made it back. The reality is that there needed to be some reaction and triage time before action could occur in real life, at which point returning would have been fatal.
2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
Short runways at both airports complicate that too, and don't forget EWR traffic in area to possibly maneuver as well.
Without a doubt. Plus, hindsight is always 20/20.
Interesting situation in some ways. Over much of our country, there would have not been nearly the number options for making an emergency landing. However the traffic in the area from having that many airports could have negated the benefit.
2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
Wow - I am very impressed with you guys technical knowledge of flying and landing an airplane. Yes, Sully is a great pilot but I believe the successful belly flop was more luck than skill.
Anyone else having to sign in multiple times to get into these forums? Tends to go like this; sign in and told no longer valid, then takes you to same sign in box, then takes you to Edmunds were you have to go back to forums and then click your name by the sign in. Seems like it is getting a little too Microsoft
Interest rates are usually higher on leases than car loans. According to WalletHub’s recent survey of car manufacturers’ financing arms, auto dealers charge 1.45 percent on average 36-month car loans versus 4.58 percent APR for leases.
Mr. Hall of Swapalease said 31 of every 100 new car sales last year was a lease, which is a record high. He said consumers are drawn to car leases because of the low expense involved in driving newer cars.
I thought the interest rate on leases was supposed to be very low, I was under the impression that was part of the appeal of leasing. Apparently I thought wrong.
And from all of the talk I see here in Edmunds about leasing, I was under the impression that the percentage of new car sales going via lease would be higher than 31%.
I don't know where the author is pulling his data from; I would say that over 95% of the lease numbers I quote are less than the 4.58% cited. In fact, the only cars where the lease rate is higher than that is the Yukon / Tahoe / Suburban and limited edition or sporty models (Mustang GT, Charger / Challenger R/T, etc.).
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
When we bought the T&C, I thought we were going to lease it due to the extra lease cash involved, but it turned out the rate was so high (over 7%) and extra fees made giving up that money and taking a low finance rate worked out to less total cost for us.
'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
Interest rates are usually higher on leases than car loans. According to WalletHub’s recent survey of car manufacturers’ financing arms, auto dealers charge 1.45 percent on average 36-month car loans versus 4.58 percent APR for leases.
Mr. Hall of Swapalease said 31 of every 100 new car sales last year was a lease, which is a record high. He said consumers are drawn to car leases because of the low expense involved in driving newer cars.
I thought the interest rate on leases was supposed to be very low, I was under the impression that was part of the appeal of leasing. Apparently I thought wrong.
And from all of the talk I see here in Edmunds about leasing, I was under the impression that the percentage of new car sales going via lease would be higher than 31%.
I don't know where the author is pulling his data from; I would say that over 95% of the lease numbers I quote are less than the 4.58% cited. In fact, the only cars where the lease rate is higher than that is the Yukon / Tahoe / Suburban and limited edition or sporty models (Mustang GT, Charger / Challenger R/T, etc.).
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
When we bought the T&C, I thought we were going to lease it due to the extra lease cash involved, but it turned out the rate was so high (over 7%) and extra fees made giving up that money and taking a low finance rate worked out to less total cost for us.
Speaking of, did they ever fix your headlights?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
It would seem so. We haven't noticed any problems since they replaced the entire units themselves. They said water was getting in and shorting them out.
'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
Wow - I am very impressed with you guys technical knowledge of flying and landing an airplane. Yes, Sully is a great pilot but I believe the successful belly flop was more luck than skill.
I am impressed with the knowledge around here too.
Sully had been flying planes since he was a kid, I think he really knew what he was doing.....he probably had a bit of luck because a lot could have gone wrong, but, it was almost like sports, his muscle memory for flying was so aware he had the instinct for how he could do it.
But, without spoiling the movie, the great part of his story was how he proved he had no choice but to land in the river.
He is truly a great American hero....he did what he had to do and then he had to fight the system to prove he was right.
I have been on a plane when it came down pretty heavy on the runway....I was glad to stumble away after some of those landings.
Another thing is it seems a lot of those planes can use a good wheel balance too...not sure why some planes thud along the runway so much.
I remember back in the '80s on my first flight into National Airport (now Reagan National) in D.C. I was sitting next to someone who had flown into there often and he told me the approach would be fun because the flight path took us up the Potomac and that to expect a hard landing because the runway was short, so pilots slapped it down as quick as they could. He was right on both counts. I was amazed to look out the window on approach and look at people through the windows of the office buildings they were in, seemingly not too far way - not sure actually how close they were but it was jarring to look up at a building from the plane. And sure enough, that Eastern Airlines pilot thumped us down so hard my tailbone hurt. Hate to think what those kind of landings do to the structure of the airframe. But we walked away of course.
I suspect the thudding along the runway is probably due to flat-spotted tires from those landings. What always got to me was the screeching sound some airliners made when the pilot applied the brakes, not from the tires, but a metal-on-metal sound.
My understanding is that they were not adversarial, but the NTSB is there to come to a root-cause, so if they thought there was a way to prevent a "forced water landing", they would have run it through to its logical conclusion. I can see where that might have felt adversarial even if it was not.
FWIW, I fly about 100k miles a year domestically for work and took lessons for a little while when I was younger to get my pilots license. Ended up stopping because I'm colorblind and could not pass the FAA eye exam I would have needed to be licensed.
2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
My understanding is that they were not adversarial, but the NTSB is there to come to a root-cause, so if they thought there was a way to prevent a "forced water landing", they would have run it through to its logical conclusion. I can see where that might have felt adversarial even if it was not.
FWIW, I fly about 100k miles a year domestically for work and took lessons for a little while when I was younger to get my pilots license. Ended up stopping because I'm colorblind and could not pass the FAA eye exam I would have needed to be licensed.
From what I can find out the movie follows the real events pretty closely....maybe as true to real life as a movie can be. The only difference could be the NSTB is portrayed as more adversarial than it really was, and this was done possibly to make the movie more dramatic. On the other hand, the story is told through Sully's eyes, and when higher ups question you, it could seem adversarial to him.
I also have to say Clint Eastwood did a magnificent job too....amazing how some people can be so talented.
I think 31 percent leases is really high already. I'm sure the higher you go in the market, the higher the percentage. Perhaps this forum may be skewed by people owning more expensive vehicles.
I think that is probably true, lots of Mercedes, BMWs, and Audis in this group.
Thanks for the link, interesting reading. But the author should have done a little more homework. He stated:
New Englanders love their leases, as five of the chowder-chugging states rank in the top 10. Texans don’t trust them so much. Despite being the No. 2 retail auto market (behind California), Texans lease just 11 percent of their new cars.
There is a very simple, straightforward reason for that (Texas being very low on lease rates). Texas charges you the full sales tax up front, which makes a lease much less desirable.
I’m going to assume that you are running Firefox or Chrome, as those are the two browsers that I recommend. In CCleaner, click the tab for “Applications”, and then check ALL of the boxes under Firefox and Chrome. Then, at the bottom of the window, in order, click on the Analyze button and then the Run Cleaner button.
Be advised that this is going to clean everything. Your browser will no longer remember any sites you have visited, and it will no longer have any stored passwords. None.
Now go to this link, or rather attempt to go there:
Wow - I am very impressed with you guys technical knowledge of flying and landing an airplane. Yes, Sully is a great pilot but I believe the successful belly flop was more luck than skill.
I'm not totally in disagreement with you because "luck" is always in play when landing on water. Landing at sea is really a crash landing and luck is a big part of the plane not disintegrating upon landing because of the waves. However, landing on a river takes incredible skills and Sully proved that and I'm sure he'd tell you his co-pilot helped him a lot too. You only have 2 hands to man the yoke but the co-pilot has to do a lot too. Like flap controls that Sully wanted and to make sure of other called out assignments.
The first time I was in the cockpit of a C-130 when a young pilot was preparing for full pilot status, I saw first hand the communication involved. The plane commander rides the right seat and the check pilot is in the left seat. The plane commander calls out the emergency condition and says to the young pilot, "tell me what to do" and waits for the response. There is a lot going on at that time and it's almost like watching a football coach telling players where to line up during practice. I was amazed at how well they communicated. It got to the point that I kind of expected perfection every time but every so often the plane commander said, "WRONG, go around and we'll do it again. You just killed us" !!
Pilots practice many many emergency situations and inherently have to be confident of their skills but it never hurts to have a little "luck".
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Interest rates are usually higher on leases than car loans. According to WalletHub’s recent survey of car manufacturers’ financing arms, auto dealers charge 1.45 percent on average 36-month car loans versus 4.58 percent APR for leases.
Mr. Hall of Swapalease said 31 of every 100 new car sales last year was a lease, which is a record high. He said consumers are drawn to car leases because of the low expense involved in driving newer cars.
I thought the interest rate on leases was supposed to be very low, I was under the impression that was part of the appeal of leasing. Apparently I thought wrong.
And from all of the talk I see here in Edmunds about leasing, I was under the impression that the percentage of new car sales going via lease would be higher than 31%.
I don't know where the author is pulling his data from; I would say that over 95% of the lease numbers I quote are less than the 4.58% cited. In fact, the only cars where the lease rate is higher than that is the Yukon / Tahoe / Suburban and limited edition or sporty models (Mustang GT, Charger / Challenger R/T, etc.).
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
When we bought the T&C, I thought we were going to lease it due to the extra lease cash involved, but it turned out the rate was so high (over 7%) and extra fees made giving up that money and taking a low finance rate worked out to less total cost for us.
One of the reasons that I shy away from leases is that I have a hard time understanding exactly what I am financing. If I understand it correctly you are basically borrowing the total of lease payments at the start with the interest added? That's the money factor? Does Edmunds have a tutorial?
On the car buying front I have hit my trifecta by buying the third vehicle in a month. I bought the 2004 Chevy van, the 2001 Sentra for my niece and now finally the car for my son that started all my shopping. A 2005 Mercury Sable owned by a 91yo lady who spent most of her time in Florida where she bought it from another old lady. No rust, low milage, smooth riding grandma car that my son prefers. Underneath it was cleaner than most new cars.
She asked $3700 i offered $3500 and we settled on $3550. Feisty old gal tried to reopen negotiations after we shook hands. Even used the old "I have another buyer coming in an hour" ploy. I convinced her that $3550 in the hand was worth a million in promises .
We turned the title over to my son who was suprised but had suspicions that I was shopping for him since I asked him to look at pictures of half the cars for sale on Craigslist.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
There is a very simple, straightforward reason for that (Texas being very low on lease rates). Texas charges you the full sales tax up front, which makes a lease much less desirable.
Not only that - Texas charges tax on full value of the vehicle, whereas most states will take just value of the lease.
Interest rates are usually higher on leases than car loans. According to WalletHub’s recent survey of car manufacturers’ financing arms, auto dealers charge 1.45 percent on average 36-month car loans versus 4.58 percent APR for leases.
Mr. Hall of Swapalease said 31 of every 100 new car sales last year was a lease, which is a record high. He said consumers are drawn to car leases because of the low expense involved in driving newer cars.
I thought the interest rate on leases was supposed to be very low, I was under the impression that was part of the appeal of leasing. Apparently I thought wrong.
And from all of the talk I see here in Edmunds about leasing, I was under the impression that the percentage of new car sales going via lease would be higher than 31%.
I don't know where the author is pulling his data from; I would say that over 95% of the lease numbers I quote are less than the 4.58% cited. In fact, the only cars where the lease rate is higher than that is the Yukon / Tahoe / Suburban and limited edition or sporty models (Mustang GT, Charger / Challenger R/T, etc.).
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
When we bought the T&C, I thought we were going to lease it due to the extra lease cash involved, but it turned out the rate was so high (over 7%) and extra fees made giving up that money and taking a low finance rate worked out to less total cost for us.
One of the reasons that I shy away from leases is that I have a hard time understanding exactly what I am financing. If I understand it correctly you are basically borrowing the total of lease payments at the start with the interest added? That's the money factor? Does Edmunds have a tutorial?
On the car buying front I have hit my trifecta by buying the third vehicle in a month. I bought the 2004 Chevy van, the 2001 Sentra for my niece and now finally the car for my son that started all my shopping. A 2005 Mercury Sable owned by a 91yo lady who spent most of her time in Florida where she bought it from another old lady. No rust, low milage, smooth riding grandma car that my son prefers. Underneath it was cleaner than most new cars.
She asked $3700 i offered $3500 and we settled $3550. Feisty old gal tried to reopen negotiations after we shook hands. Even used the old "I have another buyer coming in an hour" ploy. I convinced her that $3550 in the hand was worth a million in promises .
We turned the title over to my son who was suprised but had suspicions that I was shopping for him since I asked him to look at pictures of half the cars for sale on Craigslist.
Lumberton NC has suffered a lot from the flooding due to the rains around the hurricane. Sterlingdog was from there. I hope he's not among the many damaged from the flood waters of the Lumberton River that gets mentioned in the news.
Is there any update from Mike? I haven't heard from him.
Sully was also a glider pilot which certainly helped. In my book he is a quiet hero who makes us proud to be an American. No bluster, just humble and capable.
Isn't it amazing that the people who have the most skills at what they do are almost always humble. When I was a young engineer starting out I was very fortunate to have a lead engineer that wasn't afraid to show me how to do things. He wasn't afraid that you'd take his job someday. To the day I retired, I wish I knew what he forgot.
If you noticed what I said above, I said "almost".
One day a couple of us (2 from my squadron and 2 Waves from the Hospital on base) were at the Navy Exchange Gedunk at our base in Pax River MD. We were talking at lunch when a young Navy Lieutenant carrier pilot walked by and one of the Waves said, "there goes one of the most arrogant young officers I have ever met". We asked her why and she said he was part of a select group of pilots (probably what would be a Top Gun today) that was assigned to checking out a new modification that was made to a couple Navy F4's. He had to undergo the usual flight physical along with some extensive testing. It seems that this young Wave didn't forward his results as fast as it should have been done and he missed a few practice flights until it was straightened out. The guy I was with said, "so, it was your fault. What did you expect"? She said it wasn't entirely her fault (lots of hands to pass through) but she took the hit for it anyway. She said he chewed her out up one side and down the other. She then said, "I know these guys are damn good but why do they have to act like they can walk on water". The guy I was with was a Fist Class Petty Officer who had served on a carrier said, "the reason they act like they can walk on water is because they can".
Navy carrier pilots are the best trained pilots in the world and every once in a while some of them show it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Interest rates are usually higher on leases than car loans. According to WalletHub’s recent survey of car manufacturers’ financing arms, auto dealers charge 1.45 percent on average 36-month car loans versus 4.58 percent APR for leases.
Mr. Hall of Swapalease said 31 of every 100 new car sales last year was a lease, which is a record high. He said consumers are drawn to car leases because of the low expense involved in driving newer cars.
I thought the interest rate on leases was supposed to be very low, I was under the impression that was part of the appeal of leasing. Apparently I thought wrong.
And from all of the talk I see here in Edmunds about leasing, I was under the impression that the percentage of new car sales going via lease would be higher than 31%.
I don't know where the author is pulling his data from; I would say that over 95% of the lease numbers I quote are less than the 4.58% cited. In fact, the only cars where the lease rate is higher than that is the Yukon / Tahoe / Suburban and limited edition or sporty models (Mustang GT, Charger / Challenger R/T, etc.).
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
When we bought the T&C, I thought we were going to lease it due to the extra lease cash involved, but it turned out the rate was so high (over 7%) and extra fees made giving up that money and taking a low finance rate worked out to less total cost for us.
One of the reasons that I shy away from leases is that I have a hard time understanding exactly what I am financing. If I understand it correctly you are basically borrowing the total of lease payments at the start with the interest added? That's the money factor? Does Edmunds have a tutorial?
On the car buying front I have hit my trifecta by buying the third vehicle in a month. I bought the 2004 Chevy van, the 2001 Sentra for my niece and now finally the car for my son that started all my shopping. A 2005 Mercury Sable owned by a 91yo lady who spent most of her time in Florida where she bought it from another old lady. No rust, low milage, smooth riding grandma car that my son prefers. Underneath it was cleaner than most new cars.
She asked $3700 i offered $3500 and we settled on $3550. Feisty old gal tried to reopen negotiations after we shook hands. Even used the old "I have another buyer coming in an hour" ploy. I convinced her that $3550 in the hand was worth a million in promises .
We turned the title over to my son who was suprised but had suspicions that I was shopping for him since I asked him to look at pictures of half the cars for sale on Craigslist.
Congrats on that feat. I never did more than one in a month. The car looks pretty good too. Little old ladies don't usually work them out hard.
FWIW, Son #2 bought a used 2014 CPO Fusion Titanium with 6200 hundred miles on it last week but I don't have any details other than he went to the Akron Ohio area to get it. Like I have said before, going out of state for a car ain't nothing new to the jmonroe family.
When I get more info I'll post it. I just saw it briefly on Sunday but it looks pretty nice.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Sully was also a glider pilot which certainly helped. In my book he is a quiet hero who makes us proud to be an American. No bluster, just humble and capable.
Isn't it amazing that the people who have the most skills at what they do are almost always humble.
I think some of that is because the more you know, the more you realize how much you don't know.
Comments
Rotten Tomatoes
Tom Hanks does an incredible job of acting....once again.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
My car was probably worth $9K in trade, so the $12K they gave me for it was overpaying, quite a bit.
I got the deal I wanted, and the dealer put the car out for just under $13K - I doubt they'll make money on it, in the end.
But, they moved a unit they wanted to move.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
As I have mentioned before, I was on a flight crew when I was in the Navy. I wasn't a pilot, just a crew member on transports. I got a lot of flight time on a C-130 and I remember one time when our crew was waiting at a table in a lobby somewhere having a coffee waiting for the plane to be gassed up we got to talking and someone (not a pilot) mentioned a rough landing he had a few flights back (not with this particular plane commander on our crew that day) but another plane commander. He said it was unavoidable because of the cross winds but it was rougher than normal. He then mentioned the old story, "I guess any landing you can walk away from is a good landing". Our plane commander stop him and said, "yeah, we all know that but I do my damndest to make sure everyone on my crew can run away after I land a plane".
That got to be the new standard after hearing that.
I haven't seen the movie yet but I plan to in a few days. Just waiting for a rainy day so as to take advantage of the nice Fall weather while it lasts.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Those monthly/quarterly bonuses have got to be a lot better than we think they are.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Lease percentage by brand:
http://blog.caranddriver.com/the-most-commonly-leased-car-brands-in-america-and-the-most-commonly-purchased/
Maybe I'm doing something wrong but if I don't keep the browser window open I can't get back on by Googling Edmunds.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
The lease on my Jetta is at .12% (yes, that's point 12 - almost free money. I think the total amount of interest I'm paying on my lease over 36 months is less than $200.
You may remember me mentioning financial talk show host Dave Ramsey claiming lease money rates were 15% so I guess when you write about them you can pull your figures out of you-know-where.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Answer: "start out with TWO million"
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Another thing is it seems a lot of those planes can use a good wheel balance too...not sure why some planes thud along the runway so much.
You will really appreciate the movie Sully. If I heard right in the movie they wanted to nail him because of the insurance on the plane. Also, it can't be overlooked, if he could land at an airport vs. ruining a multi million dollar plane by landing it in water.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
/picked nits
IIRC, the airline/industry had this flights data input to flight simulators. Not a single pilot got the plane to land safely on the water on the first try. After several tries some pilots could do but even then not too many could do it. It's a damn good thing that Sully got it right the first time because he couldn't afford to practice.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Also the minor (not minor) detail that, as he knew, if he couldn't make it, the plan was coming down in a heavily populated area and likely would have wiped out way more people on the ground too.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Interesting situation in some ways. Over much of our country, there would have not been nearly the number options for making an emergency landing. However the traffic in the area from having that many airports could have negated the benefit.
'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
Speaking of, did they ever fix your headlights?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
'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
Sully had been flying planes since he was a kid, I think he really knew what he was doing.....he probably had a bit of luck because a lot could have gone wrong, but, it was almost like sports, his muscle memory for flying was so aware he had the instinct for how he could do it.
But, without spoiling the movie, the great part of his story was how he proved he had no choice but to land in the river.
He is truly a great American hero....he did what he had to do and then he had to fight the system to prove he was right.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
(Isell, you should try the lost password link again or contact Help)
I remember back in the '80s on my first flight into National Airport (now Reagan National) in D.C. I was sitting next to someone who had flown into there often and he told me the approach would be fun because the flight path took us up the Potomac and that to expect a hard landing because the runway was short, so pilots slapped it down as quick as they could. He was right on both counts. I was amazed to look out the window on approach and look at people through the windows of the office buildings they were in, seemingly not too far way - not sure actually how close they were but it was jarring to look up at a building from the plane. And sure enough, that Eastern Airlines pilot thumped us down so hard my tailbone hurt. Hate to think what those kind of landings do to the structure of the airframe. But we walked away of course.
I suspect the thudding along the runway is probably due to flat-spotted tires from those landings. What always got to me was the screeching sound some airliners made when the pilot applied the brakes, not from the tires, but a metal-on-metal sound.
2017 Cadillac ATS Performance Premium 3.6
'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
FWIW, I fly about 100k miles a year domestically for work and took lessons for a little while when I was younger to get my pilots license. Ended up stopping because I'm colorblind and could not pass the FAA eye exam I would have needed to be licensed.
I also have to say Clint Eastwood did a magnificent job too....amazing how some people can be so talented.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
First, download CCleaner from this link. You only need the free version, no need to pay for it.
https://www.piriform.com/ccleaner/download
I’m going to assume that you are running Firefox or Chrome, as those are the two browsers that I recommend. In CCleaner, click the tab for “Applications”, and then check ALL of the boxes under Firefox and Chrome. Then, at the bottom of the window, in order, click on the Analyze button and then the Run Cleaner button.
Be advised that this is going to clean everything. Your browser will no longer remember any sites you have visited, and it will no longer have any stored passwords. None.
Now go to this link, or rather attempt to go there:
http://forums.edmunds.com/discussions/bookmarked
You will be prompted for your userid and password, which you MUST know. The browser should offer to save that information for future logins.
The first time I was in the cockpit of a C-130 when a young pilot was preparing for full pilot status, I saw first hand the communication involved. The plane commander rides the right seat and the check pilot is in the left seat. The plane commander calls out the emergency condition and says to the young pilot, "tell me what to do" and waits for the response. There is a lot going on at that time and it's almost like watching a football coach telling players where to line up during practice. I was amazed at how well they communicated. It got to the point that I kind of expected perfection every time but every so often the plane commander said, "WRONG, go around and we'll do it again. You just killed us" !!
Pilots practice many many emergency situations and inherently have to be confident of their skills but it never hurts to have a little "luck".
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
One of the reasons that I shy away from leases is that I have a hard time understanding exactly what I am financing. If I understand it correctly you are basically borrowing the total of lease payments at the start with the interest added? That's the money factor? Does Edmunds have a tutorial?
On the car buying front I have hit my trifecta by buying the third vehicle in a month. I bought the 2004 Chevy van, the 2001 Sentra for my niece and now finally the car for my son that started all my shopping. A 2005 Mercury Sable owned by a 91yo lady who spent most of her time in Florida where she bought it from another old lady. No rust, low milage, smooth riding grandma car that my son prefers. Underneath it was cleaner than most new cars.
She asked $3700 i offered $3500 and we settled on $3550. Feisty old gal tried to reopen negotiations after we shook hands. Even used the old "I have another buyer coming in an hour" ploy. I convinced her that $3550 in the hand was worth a million in promises .
We turned the title over to my son who was suprised but had suspicions that I was shopping for him since I asked him to look at pictures of half the cars for sale on Craigslist.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2018 430i Gran Coupe
One of the reasons that I shy away from leases is that I have a hard time understanding exactly what I am financing. If I understand it correctly you are basically borrowing the total of lease payments at the start with the interest added? That's the money factor? Does Edmunds have a tutorial?
On the car buying front I have hit my trifecta by buying the third vehicle in a month. I bought the 2004 Chevy van, the 2001 Sentra for my niece and now finally the car for my son that started all my shopping. A 2005 Mercury Sable owned by a 91yo lady who spent most of her time in Florida where she bought it from another old lady. No rust, low milage, smooth riding grandma car that my son prefers. Underneath it was cleaner than most new cars.
She asked $3700 i offered $3500 and we settled $3550. Feisty old gal tried to reopen negotiations after we shook hands. Even used the old "I have another buyer coming in an hour" ploy. I convinced her that $3550 in the hand was worth a million in promises .
We turned the title over to my son who was suprised but had suspicions that I was shopping for him since I asked him to look at pictures of half the cars for sale on Craigslist.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
'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
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Sterlingdog was from there. I hope he's not among the many damaged from the flood
waters of the Lumberton River that gets mentioned in the news.
Is there any update from Mike? I haven't heard from him.
2014 Malibu 2LT, 2015 Cruze 2LT,
BTW, did you know that Texas charges tax on full value of the vehicle, whereas most states will take just value of the lease ?
2017 Cadillac ATS Performance Premium 3.6
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If you noticed what I said above, I said "almost".
One day a couple of us (2 from my squadron and 2 Waves from the Hospital on base) were at the Navy Exchange Gedunk at our base in Pax River MD. We were talking at lunch when a young Navy Lieutenant carrier pilot walked by and one of the Waves said, "there goes one of the most arrogant young officers I have ever met". We asked her why and she said he was part of a select group of pilots (probably what would be a Top Gun today) that was assigned to checking out a new modification that was made to a couple Navy F4's. He had to undergo the usual flight physical along with some extensive testing. It seems that this young Wave didn't forward his results as fast as it should have been done and he missed a few practice flights until it was straightened out. The guy I was with said, "so, it was your fault. What did you expect"? She said it wasn't entirely her fault (lots of hands to pass through) but she took the hit for it anyway. She said he chewed her out up one side and down the other. She then said, "I know these guys are damn good but why do they have to act like they can walk on water". The guy I was with was a Fist Class Petty Officer who had served on a carrier said, "the reason they act like they can walk on water is because they can".
Navy carrier pilots are the best trained pilots in the world and every once in a while some of them show it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
One of the reasons that I shy away from leases is that I have a hard time understanding exactly what I am financing. If I understand it correctly you are basically borrowing the total of lease payments at the start with the interest added? That's the money factor? Does Edmunds have a tutorial?
On the car buying front I have hit my trifecta by buying the third vehicle in a month. I bought the 2004 Chevy van, the 2001 Sentra for my niece and now finally the car for my son that started all my shopping. A 2005 Mercury Sable owned by a 91yo lady who spent most of her time in Florida where she bought it from another old lady. No rust, low milage, smooth riding grandma car that my son prefers. Underneath it was cleaner than most new cars.
She asked $3700 i offered $3500 and we settled on $3550. Feisty old gal tried to reopen negotiations after we shook hands. Even used the old "I have another buyer coming in an hour" ploy. I convinced her that $3550 in the hand was worth a million in promises .
We turned the title over to my son who was suprised but had suspicions that I was shopping for him since I asked him to look at pictures of half the cars for sale on Craigslist.
Congrats on that feat. I never did more than one in a month. The car looks pretty good too. Little old ladies don't usually work them out hard.
FWIW, Son #2 bought a used 2014 CPO Fusion Titanium with 6200 hundred miles on it last week but I don't have any details other than he went to the Akron Ohio area to get it. Like I have said before, going out of state for a car ain't nothing new to the jmonroe family.
When I get more info I'll post it. I just saw it briefly on Sunday but it looks pretty nice.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Lots of leasing info here.
'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
Did the long term test fleet disappear? Not seeing any more updates being posted?