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'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
If she can get an extension on her Highlander lease and wait, Lexus will be holding their "Blowout The Old Junkers" annual sale in August. It'll be a good time to pickup something like a LS430.
My in-laws drive a 1973 Chrysler New Yorker and think that my wife's employer is frivilous because she gets a new company car every three years.
Good luck
thanks..
A base Corolla is all that I can think of that you MIGHT be able to get for $200/mo with only $1200 down. I'd bet pretty good money you CAN'T get a Mazda3 for that.
You might want to look into the new subcompacts like the Yaris, but without subsidized lease deals available on those yet, I'm guessing it will be out of your pricerange, but its worth a shot. Maybe check out Scion, too. I'm pretty sure the Honda Fit will be out of your range.
You really should be looking at used cars.
'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
See if you can find some of those Hertz/Avis rentals that they offer for sale. Hertz, at least, has some 20K mile Corollas that they used as rentals and then turn around and resell.
I don't think you'll be doing your mother any favors with the Explorer, either. Not bad vehicles, but as you've found out, MPG is dismal and they aren't very popular vehicles with gas hovering around $3/gal. I doube any dealer is going to give much in trade for it since they've already got SUVs on their used (and new) lot gathering dust.
Ford Focus has $2000 rebate. With $1200 down plus $10,000 loan plus the rebate...you could buy one with invoice of about $13,000.
There is similar rebate on the outgoing Nissan Sentra ($2250).
Not sure what you can get in either car for $13,000, though.
It's possible incentives will increase after July 4...so maybe she could drive the explorer for a couple weeks and see what happens then.
Problem with the scenario you've outlined is that it fails to account for taxes, tags, and fees. That alone will eat up the down payment.
But I do like your thinking. Again, however, I'd go with a base Yaris rather than a base Focus. Problem is, I get the feeling mom ain't settling for a "base" anything.
'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
Personally, I think it is not a good idea to get an 8 year loan...otoh, I don't know that leasing makes sense unless one is planning to always have a newer car. Which, I am guessing is not the plan here. Or is there less penalty for the low credit rating, when you lease?
Sounds like Mom never learned to live within her means .
Problem is, I get the feeling mom ain't settling for a "base" anything.
Maybe a loaded Aveo, or Kia Rio would work, then .
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.
'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
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.
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
'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
$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
5 years = 60 month
60 month x $200 = $12,000
Jochen
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
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.
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Are there any other deals that good out there???
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.
'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
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$9K rebate
$5K discount
$28K purchase price..
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$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.
No, thank you.
No, thank you.
Well, I guess I better not tell you how much I'm prepared to pay for a 27 year old car...
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
thanks,
kyfdx
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tidester, host
.00171 for best credit.
no other incentives
-Jason
A DEALER FAX ME SOME INFO about a new 2006 Sonata GL. I was offered for about$15600 OTD.
I read the fax this evening, and found some weird information:
1.The dealer disclaims all warranties.
2.Limitation of remedies provision for consquential damages.
3.Acknowledgment that the vehicle being purchased may have sustained body damage.
The third one is the most weird, because the fax shows this car is a new one. so I really don't understand these info. :confuse:
There are plenty of opportunities for a vehicle to sustain damage as it is being shipped from a manufacturer, trading between dealers or just moved around (or bumped around) the dealership parking lot. No idea what an undamaged Sonatas go for, but my gut feeling is the saving are not nearly enough, especially if the excellent Hyundai warranty is cancelled or reduced. In some sense, this is similar to buying a vehicle with a salvage title...
Example: Just before their employee pricing program, I bought an new 2006 Grand Caravan SE. MSRP was $26640. Got total rebates of $4750 which consisted of 4000 for anyone+750 for those who already owned one. Also, dealer was hungry and I got nearly employee pricing anyways. Ended up paying $19555 (before sales tax and title.
During the official "employee pricing" promotion, the rebate dropped to $2000.
Now that this program expired, I see Chrysler has reinstituted $4K rebates to all on GC, and I also saw a local dealer listing $7200 off MSRP for a GC SXT, so now the deals are about as good as they were in June.
Also,with domestics, this never ends and the shoppers know this. Honda does this infrequently.
Yes, dealers can be flexible with out the door prices under either system, because there are other items like holdbacks, volume dealer incentives, monthly sales quotas, etc. that are less well understood by the buying public. So the dealer can elect to try to maximize his profit or unload a vehicle at lower profit( or even sometime a loss), depending on a lot of factors.