Chronic Car Buyers Anonymous (Archived)

corvette

kyfdx said:

corvette said:

@kyfdx - does the US Bank lease extension offer include additional mileage according (e.g., if the lease was 3 years / 36k, you'd be at 3.5 years, 42k with a 6 month extension)?

Yes

Thanks. That makes it make even more sense for me to try to burn all 24k miles before February, 2022.

pensfan83

benjaminh said:

Who says you can't be the first one in here with the '21 TLX? It's supposed to be out...when? October? November?


My guess is that the new TLX is going to be out in September. My lease isn't up until July 4th of 2021, and so even if Acura has a great pull-ahead program the earliest for me might be something like May of 2021? And although I'm planning to test drive the new TLX the larger size is a bit of a challenge, and my wife might also be lukewarm about the idea. I went to the Acura dealer the first time without telling my wife, and then once there sold her on it over the phone by saying it was a great deal on a safe car with adaptive cruise control. And it helped that we'd just gotten her dream car the month before. She still loves her CR-V. But I'm keeping an opening mind and thinking about the base model in a white pearl and parchment color combo.

Acura's pull ahead is 3 months so you can anticipate a flood of mailers in March.

breld

oldfarmer50 said:

tjc78 said:

LMAO .. payoff amount on Volvo is $42118. I’m not sure how that’s possible as it’s higher than the cap cost on the lease!

Guess it’s staying in the stable for sure.

How is that possible?

Just what I was thinking.

The payoff should start with the cap cost and then amortizes from there, same as a loan.

breld

qbrozen said:

tjc78 said:

LMAO .. payoff amount on Volvo is $42118. I’m not sure how that’s possible as it’s higher than the cap cost on the lease!

Guess it’s staying in the stable for sure.

how long have you had it? Cap cost doesn't include tax on the residual, so that is likely part of the reason, if they are giving you the buyout with tax.

That would make sense. Those pesky taxes.

isellhondas

oldfarmer50 said:

isellhondas said:

roadburner said:

breld said:

Yup, it would replace the 228i. But I’m still much more inclined to give it some time for used ones to appear unless the discounts get silly.

The wingnuts at Oxmoor(ons) Toyota in Louisville won't allow a test drive of a Supra without a signed buyer's order.

Can you really blame them? They don't know you or your level of seriousness. Cars like that attract flakes and joyriders like a magnet. When the S-2000's first came out, we had a similar policy. As time went by we slowly relaxed the rules. We still tried hard to ferret out the serious from the non serious but it's hard. As expected, VERY few who went on test drives were buyers. Several salespeople had the living bejeesus scared out them by idiots who were determined to drive the crap out of them. Toyota will sell every Supra and at the risk of ticking off a few people the cars will still sell.

It took me 8 months between test driving a Mustang (which the salesman begged me to do) and actually buying. I suppose you can be picky if you can sell every one but people have long memories and may not buy the Corolla for the kid because their feathers got ruffled on the Supra test drive.

I agree. It's a tough call. Yes you "might" tick off someone who "might have" bought a Corolla for his kid....maybe.

isellhondas

fintail said:

I saw a new unplated SQ5 yesterday. Loudly blurted into traffic then turned without a signal onto an expensive (as they all are here) residential side street, because Bellevue and self-awareness.

I am sure the more mature buyers of CPO models are better

Hey, Fin...Couldn't you keep your rioters under control the other night? My GOD, they looted Bellevue Square!

fintail

Not my rioters - there were carloads of them coming in from out of town. Bellevue people wouldn't riot unless Whole Foods refused them entry.

Bellevue Square was a sitting duck, like an open toy box. The police were vastly outnumbered and somehow caught off guard a bit, they knew better than to try to do anything. We also had some out of towners come in to "defend" things - think faux-brave manchildren in big pickups. One of them got involved with something and his truck was burned, oops. Some of that type could still be spotted looking for trouble a day or two after the unpleasantness, but I believe there was only one episode of looting.

isellhondas said:

Hey, Fin...Couldn't you keep your rioters under control the other night? My GOD, they looted Bellevue Square!

tjc78

It could be tax but it wasn’t noted that it was.

I’m going to look at the paperwork when I get home. IIRC adjusted cap with taxes (total lease here in NJ and acq free was $42700 or so. Selling price was right around 40k on a 50k MSRP. Rebates were to the dealer so I wasn’t taxed on the huge incentive.

I’ve made 9 payments (10th due in a week or so).

I guess it could be right, but seems high to me.

Probably all a moot point. Wife doesn’t want to sell it and what could it be worth to Vroom or Carvana? 35K at most?

tjc78

Had to do it. Wow, 10 month old 50K car now worth under 30K. That's steep fellas!

andres3

tjc78 said:

Had to do it. Wow, 10 month old 50K car now worth under 30K. That's steep fellas!

Was 50K sticker or actual purchase price? I thought Volvo's were always deeply discounted new.

andres3

Oh, does anyone find it strange VROOM offered $11,000 on my A4 while Edmunds/Carmax partnership offered $14,200? I think the Carmax offer is a typical Carmax offer, while Vroom's seems out of place. It also took Vroom 2 hours instead of 30 minutes to come up with that low-ball offer.

I was wrong, not a 2,200 spread, but $3,200!!!!

tjc78

No 50k MSRP it was a heavily subsidized lease. I'm not surprised it's low, just didn't realize that low.

au1994

tjc78 said:

Had to do it. Wow, 10 month old 50K car now worth under 30K. That's steep fellas!

That is a little shocking but the depreciation curve should slow a bit, although we are in a different used car market now.

Last I looked (pre-COVID) the X1 just below 20 which buries us and won’t be getting better anytime soon.

qbrozen

Volvos always have heavy depreciation. Well, all the luxo marques do. 40% in the first year seems especially harsh. Pretty sure my 3-series was similar, though.

28firefighter

10-15% discounts before incentives on new tends to accelerate that depreciation curve on used...

qbrozen

I think my discount on the 3-series was 30% or more including incentives. So, yeah, even if it was 40% depreciation vs MSRP in the first year, the reality was more like 10%.

xwesx

qbrozen said:

I think my discount on the 3-series was 30% or more including incentives. So, yeah, even if it was 40% depreciation vs MSRP in the first year, the reality was more like 10%.

Well, it's more fun to show current value vs. MSRP. Shock factor matters!

tjc78

Ha ha yeah completely understand the huge discount early on has to be taken into account!

Is what it is. Just figured that maybe if there was an easy way out, dump it and then in a few months find the next one.

I showed my wife the # vs what we owe and she was happy. She really likes that car.

Really a shame no lease transfer on Volvo. I think I’d be able to unload it quickly that way.

Heading home tomorrow for lawn (weeds) and laundry so I’ll bring it here and keep it for a week or two. I’ll just not take the beach cart when we go to the beach and carry the chairs and toys. Trunk is big enough for all the gear just not the cart.

28firefighter

I really like this:
https://www.eimports4less.com/details-2017-mini-cooper_s_clubman-certified_clubman_s_all4_awd_6_speed_manual-used-wmwlu5c39h2f24672.html?utm_campaign=deeplink&utm_medium=referral&utm_source=cars.com

breld

I was so close to buying that 6 speed Clubman S All4 last year. It’s a great vehicle. And largely unloved - so the used ones are fantastic deals.

breld

For grins and comparison, I just test drove a used 718 Boxster. I appreciated the driving experience but I’m just not built for one. I couldn’t get comfortable with my long legs.

I don’t know why I thought it’d be roomier than my Miata, but it wasn’t. Perhaps I thought it’d be more in line with a TT, but different configuration of course.

They advertised this one as a manual, but it was a PDK, which was a good opportunity to try that out. And that was probably my favorite part of the car.

28firefighter

"And then I went and signed for the Supra."

ab348

fintail said:

Not my rioters - there were carloads of them coming in from out of town.

I wonder if their benefactors arranged for accommodations at the W, Westin or Hyatt Regency in addition to their wages as professional protesters.

explorerx4

Hood stripes are listed as one the options on that Mini, but I don't see them.

fintail

I don't think any of that is happening in this specific city. A few groups are/were at play - looters from other areas who had been rumored to be on the way for several days but no precautions were taken by the ever-accountable powers that be, brave "protectors" who heard about it and came in from other areas looking for a fight, and actual protesters with legit grievances against disgustingly broken systems who are sometimes actual locals. There'd have been little going on without the looters, as few care about mostly young people marching with signs, or tough oh so manly men in shiny trucks looking to pull a gun on someone.

It's not any kind of conspiracy. I don't think praetorian warriors disguised as protestors or antifa inciting strife were here.

I bet some of the lucky ones in gated estates a stone's throw from the looting action were getting a little antsy, anyway.

ab348 said:

I wonder if their benefactors arranged for accommodations at the W, Westin or Hyatt Regency in addition to their wages as professional protesters.

stickguy

28firefighter said:

I really like this:
https://www.eimports4less.com/details-2017-mini-cooper_s_clubman-certified_clubman_s_all4_awd_6_speed_manual-used-wmwlu5c39h2f24672.html?utm_campaign=deeplink&utm_medium=referral&utm_source=cars.com

That is nice. Basically an X2 in that spec, right?

28firefighter

stickguy said:

28firefighter said:

I really like this:
https://www.eimports4less.com/details-2017-mini-cooper_s_clubman-certified_clubman_s_all4_awd_6_speed_manual-used-wmwlu5c39h2f24672.html?utm_campaign=deeplink&utm_medium=referral&utm_source=cars.com

That is nice. Basically an X2 in that spec, right?

I think you’re thinking of the countryman.

ab348

fintail said:

I don't think any of that is happening in this specific city. A few groups are/were at play - looters from other areas who had been rumored to be on the way for several days but no precautions were taken by the ever-accountable powers that be, brave "protectors" who heard about it and came in from other areas looking for a fight, and actual protesters with legit grievances against disgustingly broken systems who are sometimes actual locals. There'd have been little going on without the looters, as few care about mostly young people marching with signs, or tough oh so manly men in shiny trucks looking to pull a gun on someone.

It's not any kind of conspiracy. I don't think praetorian warriors disguised as protestors or antifa inciting strife were here.

It would be interesting to find out how it all occurred. The info I got came from this news story:

https://komonews.com/news/local/determined-to-wreak-havoc-bellevue-looting-was-organized-event-police-say

breld

28firefighter said:

"And then I went and signed for the Supra."

As we speak. 😀

28firefighter

Consistent as gravity. I’d probably have done the same.

fintail

"Outside groups" can be a lot of things. Like in the article, rumors had it linked to gang activity or social media groups, similar to the looting in Santa Monica. I don't think it was anything more nefarious than that. Having protests adjacent to the highest end shopping facility in the region, one that was also shuttered by the pandemic, so just sitting there barely being watched, made it an easy target.

The best part is claims that authorities were "prepared" - but I don't know if precautions were taken: no pre-emptive barricading of buildings, no closed roads leading to the shopping area, no limiting of access to the mall grounds and surrounding areas. I think some ball was dropped, but at least violence wasn't used to protect commercial property. For once, under-reaction wasn't met with overreaction, which in Seattle proper anyway has been a historical way the authorities deal with protests, always ending with embarrassment, expensive settlements, and federal investigation.

And just last night in Seattle, a nutter drove his car into a crowd of protesters and shot one of them. It's that type who concerns me more than a riot or looting.

ab348 said:

It would be interesting to find out how it all occurred. The info I got came from this news story:

https://komonews.com/news/local/determined-to-wreak-havoc-bellevue-looting-was-organized-event-police-say

breld

I almost feel bad for the finance guy when he goes over all the options for extending warranty coverage and maintenance plans to longer than the 3 years (in this case) and I decline - they can’t really argue with my reasoning. 😀

breld

As far as maintenance, IF I were to keep this out of warranty, I do believe I’d be at my independent BMW mechanic rather than Toyota.

(I can just about hear you all chuckling. But I do like to think ahead even if it’s pointless.)

28firefighter

I think that is excellent logic....

...for the second owner!

nyccarguy

nyccarguy

Ok sleuths - the wrapped car is a McLaren, the car on the top lift is a Lamborghini (Gallardo?). What is the car on the bottom lift?

28firefighter

I’m more interested in what lift they have and how tall the garage is...

neverhaveleased

tjc78 said:

No 50k MSRP it was a heavily subsidized lease. I'm not surprised it's low, just didn't realize that low.

Don't feel bad, I got a quote of $29k for my $51k sticker 2020 V60 the same week I brought it home Don't lease a Volvo unless you plan on keeping it! Good news is at 0 DAS and $350/mo + tax I have no desire to get out of it.

pensfan83

breld said:

I almost feel bad for the finance guy when he goes over all the options for extending warranty coverage and maintenance plans to longer than the 3 years (in this case) and I decline - they can’t really argue with my reasoning. 😀

They give you 3 years Toyota Care on the Supra? It's normally 2.

Michaell

I was given permission to post this. @breld swung by my house on his way home from the dealer.



Pictures do not do justice. The car is gorgeous.

This might just be a keeper. I mean, really, where do you go from here? He isn't the kind of guy to drive a C8, I don't think.

omarman

Looks like another McLaren.

MP4-12C

kyfdx

The silver was a good choice.

28firefighter

I could see that being a keeper for sure. Beautiful in silver - way more livable daily than the yellow.

explorerx4

@omarman,
I thought it was a McLaren, but couldn't find any pictures that matched the side mirror.
Your picture nails it.

omarman

I liked the yellow one but the silver is classic. "The name is Breld, James Breld."

ab348

kyfdx said:

The silver was a good choice.

I agree. Congratulations @breld! I love the car.

nyccarguy

@breld The Silver is GORGEOUS! Congrats!

pensfan83

That's a great looking car.

corvette

28firefighter said:

I’m more interested in what lift they have and how tall the garage is...

And whether the lift has a safety system on the lowering button to prevent a very expensive “oopsie.”

carnaught

The car is beautiful. The car is a keeper, but just a temporary one for breld, lol.