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You could lease a 76,000 dollar Range Rover for 600 bucks a month including property tax and only about 850 bucks down.
It was insane but I didn't pull the trigger on it because I had just bought a house. One of my coworkers did though so he got a 68,000 dollar Range Rover Sport for about 580 bucks a month on a two year lease.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I was actually toying with the idea of an HHR for a company vehicle and went to check it out. Drove down to the Chevy dealer in my Tundra and the salesman I met said "I love my tundra...." huh, sounds like a good sales pitch for a chevy... :confuse:
Not any more I am just like everyone else who sends a check to FMCC every month.
We are the only store that all gets demos in the autogroup.
It was sorely tempting but didn't make financial sense with the new house at all. Plus a Range Rover barely fits in my garage.
If Land Rover would ever get off their buts and offer a real employee lease on the LR2 I would take it but as of right now they don't.
So I don't have my own show because I'm not savvy like that, huh? Oh well.
I don't agree with everything Dave Ramsey says either, but you need to remember that the lion's share of his advice is directed at the all too typical American consumer who can't abide the thought of delayed gratification and constantly spends more than he or she makes. They have a large first mortgage, an adjustable rate home equity loan(on which they only pay interest), several large credit card balances, and two car leases/loans-maybe a student loan as well. I heard a snippet from his show today; the caller and her husband make about $45K per year and they have a 2006 van on which they owe $22K
Dave's advice is simple, and it was he common wisdom not too long ago. He advises financing a home for no more than 15 years and saving up to buy big ticket items rather than financing them. He doesn't get too strident about credit cards if the balance is paid off every month, his concern is directed at those who always carry large balances on multiple cards.
I use a couple of Visas as convenience cards and I also get rebates for using them. I also take advantage of zero percent financing- but I pay the debt off before the interest rates kick in. The thing is, most people aren't parking their money in a mutual fund during the zero interest period- instead they are taking the money they "saved" and are spending it on some other quickly depreciating asset such as a boat or motorcycle. Before you know it, you your debt-equity ratio is in the toilet. And it happens to people that make $500K/year just like it happens to those who bring home $50K.
Mine: 1995 318ti Club Sport-2020 C43-2021 Sahara 4xe-1996 Speed Triple Challenge Cup Replica
Wife's: 2015 X1 xDrive28i
Son's: 2018 330i xDrive
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
My guess is that no more than 1 in 10 people actually make or save money by utilizing low/no interest rate loans or rebates. They use their "savings" to continue to live above their means.
Mine: 1995 318ti Club Sport-2020 C43-2021 Sahara 4xe-1996 Speed Triple Challenge Cup Replica
Wife's: 2015 X1 xDrive28i
Son's: 2018 330i xDrive
Personally cannot believe that ANYONE in the business couldn't head over to the auction and get a better deal ...
Chrysler, for instance, discounts leases another $1,000 to $1,500 for returning lease customers.
At that point, a Jeep Liberty can be an awfully good deal. IF you wanted a Liberty in the first place. But it would often be cheaper than buying one and driving it for three years.
It happens occasionall with Mercedes', too. But it's all a case of "cheaper", not "cheap".
-Mathias
If I chose to drive a used car instead I would buy a trade in instead of an auction car. They are less expensive. When you go to the auction there are 50 people bidding on the same car, when you trade it in there is one.
You ought to see some of the deals they are making to their corporate customers to move iron ...
They are hardly cheaper in MY book when you consider the poor fuel economy (16-17 mpg) on a vehicle that is as small as it is.
I will admit that they hold their value better than most Chrysler product.
Why on earth would you get a used truck from the sale when you can get a Vauxhall?
It depends on the state. From your name it sounds like you are in CA. If you have your vehicle title on hand, it probably has a lien on it, so that next owner (if you were to sell it) can not legally register it at the DMV.
What you have to do, take whatever money the seller gives you, add to the pay off amount out of your own pocket. Send it all in to the comapny that financed you. Wait a week or two for them to lift the lien, then the new owner can register it at the DMV.
It will scare many buyers away, and you will have to lower the price. What you can do, is use your own savings to pay off the vehicle, then sell it. This will eliminate the hassles the buyer will have to go through, and will increase your chances of selling the car for what you want to sell it for.
Personally cannot believe that ANYONE in the business couldn't head over to the auction and get a better deal ...
I'm not sure what this means. We're not talking about people in the biz or cars from auctions. If you are saying that buying USED beats leasing NEW, well yeah, I'm pretty sure I can't argue with that.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
1, most of us don't like driving beater cars.
2 Most of the time,a lease really works better.
I'm paying $562/mo to drive a $56000 S80 V8 on a 2 yr lease.
Thats $13,488 in lease payments.
a 2006 S80 2.5T,which isn't near as nice a car would cost me $23,000 at Manheim.
I'd have to pay for the whole car,plus taxes,figure $26,000 OTD.
If I sold it in 2 yrs it would probably be worth $15- $16000.
So, I'm out the $26,000 up front,it still costs me $10,000 to drive a car that isn't as nice.
Heck, I'll pay the extra $3000 to drive a MUCH nicer car.
If they don't do that by the spring I might get a C30 from our Volvo store.
And to keep on topic, if I do get the C30, I will definitely be upside down. Volvos depreciate like Kias!
*scratch scratch*
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
And where might that be, Guam.?
2007 C70's are doing $35/$36,000 at the auctions (if you can em') and those are doing $38/$39ish on the retail side.
... even 04's are doing $19/$20 at the block and they'll get $23/$24,000 down Retail Rd -- ain't bad for a drop top that only sold for $35ish 4 years before...
Clean 04 S80's aren't much different, they'll do $15/$16 at the block and they'll get $19/$20 all day long street side -- and they didn't sell for much more than $32.
Terry. :shades:
How does Mathias phrase that..?
... they drop like an anvil on Jupiter ..
Terry. :surprise:
On the plus side, Jupiter has no solid surface! :P
tidester, host
SUVs and Smart Shopper
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
What is the 60% residual on? Is that a 15,000 mile a year lease? How many months?
That might be good for a Volvo, but not so great compared to other Euro makes..
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HUH? By what book? Is that after you knock off the trunk money or something? The 3-year S60 residual is in the 40%-50% range. I find it VERY hard to believe that balloons to 70% if you knock off a year.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I have Range Rover Sport residuals at 66 percent for 24 months and 60 percent for 30 months and that is on a 15,000 mile lease on a 60,000 dollar plus car.
Real world wise they do a point or two better at least in my experience.
C30 24- 67% 36- 56% 48-54%
C70 24- 63% 36- 53% 48- 43%
s40 24-66% 36- 55% 48- 46%
s60 24- 61% 36- 53% 48- 43%
s80 24- 72% 36- 59% 48- 45%
should I keep going? Thats only volvo. Add 1% for 12k add 2% for 10k.
Americredit goes up about 3% - 5%
US Bank goes up 1% - 2%
US Bank Residual Value Guide New Models Sept. - Oct. guide
2008 models
Land Rover
Range Rover Sport
15,000 mile p year leases
36- 53% 48- 42%
add 1% for 12k
Probably only a month or two at the most.
Your comments are welcome!
G;ad to see it but I'm not waiting for the world to see the light...
You want these guys to keep the economy going. Everybody being conscientious about saving money and getting ready for retirement is great individually, but can become a problem overall. Just ask the Japanese...
Heck, when I'm retired, I hope there are people who want or need my money and do stuff for me.
-Mathias
And why are the '07s so incredibly low? And have been for quite some time now? I guess maybe it makes sense until volvo puts $10k in the trunk, thereby dropping the residual in the toilet.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Some manufacturers use rebates, some use cheap $$, some use both, some have unit bonuses like Hyundai/Kia .... Volvo, like Bimmer, and Benz have used trunk money for as long as I can remember (1983) Infiniti used it on the last of the I35's, now they're worth almost what they were doing 4 years ago - go figure ...
Personally, I like the idea of an end of the year cash benefit (trunk money) ... it doesn't damage the resale like the other methods.
Terry :surprise:
well now I'm thoroughly confused because all the quotes I've been seeing in the S60 leasing forum over the past couple of months come with about a 40% residual. So that's a far cry from the 53% you've quoted above. With the $10k in trunk money, a 53% residual would make this car ridiculously cheap and I'd be at the dealer right now, but the 40% residuals are a whole different story.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S