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  • qbrozenqbrozen Posts: 26,115
    oh, good grief, no, not an 8 year loan. not a 7 year, either. or a 6.5.

    I can see my way clear to a 6-year loan .... IF its a car that has strong resale (toyota or honda would be fine, but NOT anything korean or "american"), is reliable, and IF the buyer plans on driving it for a LONG time.

    Although I would have a tough time swallowing 6 years of payments on something like a Corolla, personally.

    '10 Equinox LS; '08 Charger R/T Daytona; '67 Coronet R/T; '14 Town&Country Limited; '18 BMW X2. 49-car history and counting!

  • jeffyscottjeffyscott Posts: 3,855
    Oh, I agree. You know, the ad I saw had 8 year financing even for used cars.

    With regard to the original question...

    There is a "shop by payment" feature here on edmunds. According to that the Yaris, that was mentioned, can be leased for under $200 per month. I think it also showed up on the purchase for under $200 per month thingy. Of course those are for the base model, I assume.

    Since the Jetta was mentioned...VW is coming out with the new Rabbit to replace the Golf. This is the same as the Jetta, except the rear end. Supposed to be starting at $15K for the 2-door. I would assume there might be some deals to be had on the remaining outgoing Golfs as well.
  • steine13steine13 Posts: 2,715
    Oh, I don't know about that.

    I agree an 8-year loan isn't great, but it beats the much-more-common 5-year loan on cars that are 3, 4, or 5 years old.

    Nobody seems to scoff at those nearly as much. And in case of a Corolla, if a deal can be had, it's probably cheaper in the long run to buy the new car and stretch the payments as necessary.

    -Mathias
  • matcarmatcar Posts: 2
    I appreciate all you responses. I know deals will get better after labor day, maybe we could just wait. I just dont want my mom in anything too small. 3 yrs ago I had and accident on the 405, and thank god I was in and SUV. If I had been in a small car, I could very well be crippled right now.. I will take a look at the yaris, dont know anything about it right now.. Waiting until later in the year may be the best thing.. It's my mom, she help me get my first car, and I just want to get her into something decent.. If you guys come across anything good, keep me posted.. I will get back this thread when we make a move, to update..
  • qbrozenqbrozen Posts: 26,115
    Mathias? You're advocating an 8-year car loan? I didn't expect that.

    '10 Equinox LS; '08 Charger R/T Daytona; '67 Coronet R/T; '14 Town&Country Limited; '18 BMW X2. 49-car history and counting!

  • steine13steine13 Posts: 2,715
    I'm not advocating an 8-year loan. I'm advocating comparisons.

    $200/month for 5 years is $10k, as someone pointed out.

    In order for a Corolla to cost $10k (+1,200 "down" for tax etc.), it has to be an '04 with 40-45k miles. And that's if you know how to negotiate, and it's an automatic CE.

    That car is three years old, and you've now got a $200/month loan until the car is eight years old. At that point, I'd check to see if I can't get a longer term and buy the car new, so I can take care of it from day one.

    Of course, this is from a guy who drives a ten-year-old beater...

    -Mathias
  • ddunbarddunbar Posts: 31
    I believe $200/mo for 5 years is actually $12K.
  • badgerpaulbadgerpaul Posts: 219
    At 0% interest it is. $10,000 at 8% is $202.76 a month for 60 months.
  • ddunbarddunbar Posts: 31
    Sorry. I clearly did not drink enough coffee this morning.
  • zumselzumsel Posts: 2
    And I still think that $200 a month with % interest for 5 years is $12,000.

    5 years = 60 month
    60 month x $200 = $12,000

    Jochen
  • british_roverbritish_rover Posts: 8,458
    On a 0% interest 60 month loan it would be but add any interest and that 200 a month jumps.

    At 5% it is $226.92
    At 6% it is $232.57
    At 7% it is $238.30
    At 8% it is $244.12
    at 9% it is $250.03

    And so on and so forth
  • nortsr1nortsr1 Posts: 1,060
    I believe GM is offering low lease rates right now, and from what I have read in the past two days, Chrysler is about to offer Employee discount pricing next week and GM is about to offer 0%financing for sixty months after July 5th. Sounds like the summer rabates, incentives are coming back once again.
  • jeffyscottjeffyscott Posts: 3,855
    Yeah, I think I saw an ad today for Impala at about $200 per month lease. I also had an email offer of $199 per month on a Mazda 6 lease, I think it was 24 mo. 24,000 miles...required about $1800 up front, though.

    Someone on the Ford Fusion prices paid forum says he has lease at just over $200 with nothing up front...I think it was $227 per month.
  • Kirstie_HKirstie_H Posts: 11,077
    A reporter aims to talk with any consumer who plans to buy a new vehicle later this summer when major incentive deals are likely to be announced. Please send your daytime contact info and a few words about your expectations to [email protected] no later than Wednesday, June 28, 2006.

    MODERATOR

    Need help navigating? [email protected] - or send a private message by clicking on my name.

    Share your vehicle reviews

  • I found a good lease special, and looking for more...how do I start a new topic?
  • Kirstie_HKirstie_H Posts: 11,077
    Hi smithers,
    You can't start new discussions in this area. This topic is a great place to discuss deals on new cars, whether for purchase or for lease!

    MODERATOR

    Need help navigating? [email protected] - or send a private message by clicking on my name.

    Share your vehicle reviews

  • I found a 2006 Honda Accord V6 with Navi, for $1000 out of pocket, $350 a month. Witout navi it's $320 a month. That's for 12k 3 years...and that's good for any dealership.

    Are there any other deals that good out there???
  • qbrozenqbrozen Posts: 26,115
    You can do even better on that Accord deal.

    check out what others are paying in the Accord leasing discussion:
    http://townhall-talk.edmunds.com/WebX/.ef9da10/571

    But, yes, I agree, the current Accord lease incentives are great ... which is why I got one. ;)

    '10 Equinox LS; '08 Charger R/T Daytona; '67 Coronet R/T; '14 Town&Country Limited; '18 BMW X2. 49-car history and counting!

  • kyfdxkyfdx Posts: 128,361

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 128,361
    $42K MSRP Lincoln LS V-8

    $9K rebate
    $5K discount

    $28K purchase price..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • div2div2 Posts: 2,580
    $42K MSRP Lincoln LS V-8

    $9K rebate
    $5K discount

    $28K purchase price..


    And probably worth about $15K in 24 months.
    Yes, it's a nice car and a screaming deal, but only if you are absolutely certain that you'll keep it for over five years.
    Being a rabid acolyte of Munich, if I needed an under $30K sport/luxury sedan I think I'd grab this puppy.
  • cccompsoncccompson Posts: 2,388
    30K for a 6 year old car?

    No, thank you.
  • audia8qaudia8q Posts: 3,138
    There are some amazing discounts available on certain models right now....you found a great example in the LS. We have never had incentive this attractive on the LS....
  • british_roverbritish_rover Posts: 8,458
    I always kind of liked the LS I wish ford had not let it die.
  • div2div2 Posts: 2,580
    30K for a 6 year old car?

    No, thank you.


    Well, I guess I better not tell you how much I'm prepared to pay for a 27 year old car...
  • jaserbjaserb Posts: 858
    I was looking at the new incentives on the Mazdaspeed 6 and was blown away - a $269 24 month lease on a Mazdaspeed? I'm trying to figure that one out. Looks like $2500 lease cash + $500 MAC cash with a 62% residual. Something like $2500 out of pocket at signing.

    Rich, do you have the money factor on that car? Are there any additional incentives that can be combined (loyalty cash, college grad, etc.)?

    I'm really glad I didn't by that 4 year old WRX I was looking at a few months ago...

    -Jason
  • cccompsoncccompson Posts: 2,388
    LOL, old (non-daily driver) cars are an entirely different matter as the depreciation curve has long since passed.
  • kyfdxkyfdx Posts: 128,361
    Just so we stay on topic... and I don't get in trouble with the real hosts of this discussion... ;)

    thanks,
    kyfdx
    Host-Prices Paid Forums

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • tidestertidester Posts: 10,059
    LoL! We'll give you a pass ... just this once! :shades:

    tidester, host
  • audia8qaudia8q Posts: 3,138
    do you have the money factor on that car? Are there any additional incentives that can be combined (loyalty cash, college grad, etc.)?

    .00171 for best credit.
    no other incentives
This discussion has been closed.