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Chronic Car Buyers Anonymous

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Comments

  • oldfarmer50oldfarmer50 Member Posts: 24,136
    stickguy said:

    The local Mitsubishi dealers around the corner from me (where old farmer got his Eclipse). Every time I go past I am shocked that they are still in business.

    They make their money selling used cars. They have a big lot down the road near the Enterprise store.

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • stickguystickguy Member Posts: 53,221
    sure, just assume they are pointing and laughing at the car!

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • fintailfintail Member Posts: 58,369
    RWD and not a 580, I wonder what the story is, super cheap original lease perhaps.
  • corvettecorvette Member Posts: 11,225
    Not a shock, considering the way non-luxury EVs depreciate, I'd expect a luxury one to be even worse.
  • kyfdxkyfdx Moderator Posts: 264,165
    fintail said:

    RWD and not a 580, I wonder what the story is, super cheap original lease perhaps.

    Yeah.. right now, the incentives alone are $21K on a 2024 model. That's before the dealer discount

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  • jmonroe1jmonroe1 Member Posts: 9,270
    mjfloyd1 said:

    Interesting quote on buying a used depreciating electric vehicle

    “There will always be someone trying to catch the falling knife.”

    ————————————————
    Yep. How many sutures have you installed because of that?

    jmonroe
    '15 Genesis Ultimate just like jmonroe's.
    '18 Legacy Limited with 3.6R (Mrs. j's)
  • qbrozenqbrozen Member Posts: 33,720

    @tjc78 said:

    @qbrozen said:

    @kyfdx said:
    It may seem that way, but it's a straightforward calculation.

    They don't determine the money factor, then calculate what APR that might be.
    They determine the APR (just like a loan), then convert it to a money factor for ease in calculation.

    As I mentioned, it's easy to understand if you do the reverse calculation.

    And... not a secret! :#

    Oh, I know the math. And I know it is straightforward WHEN YOU KNOW THE CALCULATION. My point, albeit obscured, was that they honestly could have done it in an infinite number of ways. I find it odd and humorous that this particular way somehow became so widely used.

    And, of course, as you know, there are some lenders who use an APR for leases, so the convoluted MF isn’t universal.

    Ford uses APR not sure who else.

    Ally did when I leased the Stelvio through them.

    '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

  • nyccarguynyccarguy Member Posts: 17,437
    edited December 2024
    Posted this in the wrong place this AM:

    Sort of taking some inspiration from @anonymousposts2025 . Besides the fact that it is a gas guzzler and the bolster on the driver's seat is sagging (that can be fixed), what are everyone's thoughts on this 2016 Toyota Sequoia SR5? For comparison purposes, here is a 2017 Toyota Sequoia Limited

    Both of these are in my area. The '17 is at the dealership where I bought my Highlander and Service my Highlander as well as my former '19 Tacoma and current '23 Tacoma.

    The Sequoia checks off a lot of boxes for me. Bigger than our current '22 Highlander. V8, which I have never owned. Durable since it is many years into the model cycle. I obviously have to drive one, because I have heard they are big and drive big. Not the most taut of suspensions to say the least. The biggest problem is that there is no way my wife is going to want to drive it unless she has to. So if I like it and can strike a deal, then I'd have to trade my truck in and get something a bit more manageable for my wife to drive.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2023 Toyota Tacoma SR 4WD, 2025 Toyota Camry SE AWD

  • qbrozenqbrozen Member Posts: 33,720

    $22.9k is slightly concerning since one with 104k miles in “meh” condition sold at auction last week on the west coast for $22.5k.

    '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

  • corvettecorvette Member Posts: 11,225
    The lack of LED headlights would make it a no for me.
  • oldfarmer50oldfarmer50 Member Posts: 24,136
    My only concern would be if they were driven into the city on a regular basis. My old work colleague claimed that no car was able to last more than 3 years on those roads. Other than that the price for so many miles would give me pause….but I’m cheap.

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • nyccarguynyccarguy Member Posts: 17,437
    corvette said:

    The lack of LED headlights would make it a no for me.

    My current '23 Tacoma SR has halogen lights with no fog lights. Again, are the LEDs on our Highlander better? Yes. But I can live without them.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2023 Toyota Tacoma SR 4WD, 2025 Toyota Camry SE AWD

  • stickguystickguy Member Posts: 53,221

    Remind me, what is the reason behind this? You just feel like buying and selling some cars? Or a convoluted way to get a slightly bigger interior in a car only you will drive?

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • mjfloyd1mjfloyd1 Member Posts: 3,756

    @jmonroe1 said:
    ————————————————
    Yep. How many sutures have you installed because of that?

    jmonroe

    Zero. If I’m the one suturing your hand laceration up, then something is very wrong.

  • corvettecorvette Member Posts: 11,225
    stickguy said:

    Or a convoluted way to get a slightly bigger interior in a car only you will drive?

    The difference in interior room (both measured and perceived) is pretty huge between a mid and full size BOF truck.
  • stickguystickguy Member Posts: 53,221
    isn't that highlander unibody though?

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • qbrozenqbrozen Member Posts: 33,720

    Dang. Here I go doing something crazy like trying to change the oil on the Alfa (the last part of its tuneup/service). I had a hard time tracking down a filter. Found the OEM info, put that into a cross-reference database, and ordered an equivalent stateside (I forget the brand but something known like AC Delco). Well, that didn’t work. Threads were wrong. Hmmm. Went back to the cross reference and found a Fram number. Got that from Amazon today. Nope! Odd. So this time I got smart. Found the actual specs of the original. 20x1.5 threads. Both of those the database told me to get were 3/4”. Back in the interwebs, I found Summit lets you search filters by thread size. Found a Mobil-1 filter with the right threads and right gasket diameter. That’s coming tomorrow. Poor car has been on the lift since yesterday afternoon.

    '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

  • nyccarguy said:

    Posted this in the wrong place this AM:

    Sort of taking some inspiration from @anonymousposts2025 . Besides the fact that it is a gas guzzler and the bolster on the driver's seat is sagging (that can be fixed), what are everyone's thoughts on this 2016 Toyota Sequoia SR5? For comparison purposes, here is a 2017 Toyota Sequoia Limited

    Both of these are in my area. The '17 is at the dealership where I bought my Highlander and Service my Highlander as well as my former '19 Tacoma and current '23 Tacoma.

    The Sequoia checks off a lot of boxes for me. Bigger than our current '22 Highlander. V8, which I have never owned. Durable since it is many years into the model cycle. I obviously have to drive one, because I have heard they are big and drive big. Not the most taut of suspensions to say the least. The biggest problem is that there is no way my wife is going to want to drive it unless she has to. So if I like it and can strike a deal, then I'd have to trade my truck in and get something a bit more manageable for my wife to drive.

    We are all just one angle that sticks away from buying our next car. We ended up with the Si because “we don’t know how much longer we’ll be able to buy a new car with a manual transmission”…
  • xwesxxwesx Member Posts: 17,616
    qbrozen said:

    Dang. Here I go doing something crazy like trying to change the oil on the Alfa (the last part of its tuneup/service). I had a hard time tracking down a filter. Found the OEM info, put that into a cross-reference database, and ordered an equivalent stateside (I forget the brand but something known like AC Delco). Well, that didn’t work. Threads were wrong. Hmmm. Went back to the cross reference and found a Fram number. Got that from Amazon today. Nope! Odd. So this time I got smart. Found the actual specs of the original. 20x1.5 threads. Both of those the database told me to get were 3/4”. Back in the interwebs, I found Summit lets you search filters by thread size. Found a Mobil-1 filter with the right threads and right gasket diameter. That’s coming tomorrow. Poor car has been on the lift since yesterday afternoon.

    And now we know why oil changes on these darn exotic furrin' cars so expensive!
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • xwesxxwesx Member Posts: 17,616

    We are all just one angle that sticks away from buying our next car. We ended up with the Si because “we don’t know how much longer we’ll be able to buy a new car with a manual transmission”…

    Surely you won't let this be the last one! ;)
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • MichaellMichaell Moderator Posts: 261,328
    breld said:

    The Tesla lease is the gift that keeps on giving.

    Quick recap - given the difficulties of registering the Model Y after 7 months of ownership, we asked if they wanted to take the car back (sort of a bluff), and they agreed. We made all our payments of course through the day we had possession of the car, and we thought they owed us the pre-paid registration fees (about $1,100) and a couple of monthly payments paid after they took back the car (there was a delay with the leasing company, and to avoid any potential credit issues, we made the payments).

    A few months back we received a check from Tesla via UPS for over $4,000, with zero explanation. That's probably around $1,500 more than we expected, but okay, maybe they actually valued the Tesla higher than our lease payoff?

    Then yesterday, we receive another UPS package at the front door with another check for $1,100, presumably the registration fees?

    I think they've basically unwound the entire deal as if we never leased the Model Y. But I look forward to the next mysterious UPS envelope from them.

    Merry Christmas!

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • xwesxxwesx Member Posts: 17,616
    Sort of like a purchase my son made from eBay recently (months ago now, though): He bought two refurbished laptops for pennies on the dollar. They were, IIRC, about $350 each, and were $1,100 laptops at retail only a year earlier. Unfortunately, they never showed up. My son waited nearly a month for them, and finally followed up with the seller, who sent him two more. Then, about two weeks later (just as he was worrying he wouldn't see the replacement units), all four showed up within two days of each other!

    I grilled him about what was up with a literal stack of identical boxes, and he told me the story. Well, he followed up with the seller, who told him that the shipper already settled with him, so just keep the units. My son ended up selling them for $300 each to local folks, so he basically got his laptops for free (well, $50 each).
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • MichaellMichaell Moderator Posts: 261,328
    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • tjc78tjc78 Member Posts: 16,875
    edited December 2024

    @Michaell said:
    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    Those and the VW ID4 are the two most common cars I see at the chargers. Must be deals on them!

    2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic

  • tjc78tjc78 Member Posts: 16,875

    2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic

  • jmonroe1jmonroe1 Member Posts: 9,270
    Michaell said:

    breld said:

    The Tesla lease is the gift that keeps on giving.

    Quick recap - given the difficulties of registering the Model Y after 7 months of ownership, we asked if they wanted to take the car back (sort of a bluff), and they agreed. We made all our payments of course through the day we had possession of the car, and we thought they owed us the pre-paid registration fees (about $1,100) and a couple of monthly payments paid after they took back the car (there was a delay with the leasing company, and to avoid any potential credit issues, we made the payments).

    A few months back we received a check from Tesla via UPS for over $4,000, with zero explanation. That's probably around $1,500 more than we expected, but okay, maybe they actually valued the Tesla higher than our lease payoff?

    Then yesterday, we receive another UPS package at the front door with another check for $1,100, presumably the registration fees?

    I think they've basically unwound the entire deal as if we never leased the Model Y. But I look forward to the next mysterious UPS envelope from them.

    Merry Christmas!
    ————————————————
    You got that right. If I could get a deal like that, I’d lease a pair of them and I’m not an EV guy or a lease guy.

    jmonroe
    '15 Genesis Ultimate just like jmonroe's.
    '18 Legacy Limited with 3.6R (Mrs. j's)
  • sdasda Member Posts: 7,530
    xwesx said:

    Sort of like a purchase my son made from eBay recently (months ago now, though): He bought two refurbished laptops for pennies on the dollar. They were, IIRC, about $350 each, and were $1,100 laptops at retail only a year earlier. Unfortunately, they never showed up. My son waited nearly a month for them, and finally followed up with the seller, who sent him two more. Then, about two weeks later (just as he was worrying he wouldn't see the replacement units), all four showed up within two days of each other!

    I grilled him about what was up with a literal stack of identical boxes, and he told me the story. Well, he followed up with the seller, who told him that the shipper already settled with him, so just keep the units. My son ended up selling them for $300 each to local folks, so he basically got his laptops for free (well, $50 each).

    I appreciate your son's honesty.

    2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech

  • jmonroe1jmonroe1 Member Posts: 9,270
    sda said:

    xwesx said:

    Sort of like a purchase my son made from eBay recently (months ago now, though): He bought two refurbished laptops for pennies on the dollar. They were, IIRC, about $350 each, and were $1,100 laptops at retail only a year earlier. Unfortunately, they never showed up. My son waited nearly a month for them, and finally followed up with the seller, who sent him two more. Then, about two weeks later (just as he was worrying he wouldn't see the replacement units), all four showed up within two days of each other!

    I grilled him about what was up with a literal stack of identical boxes, and he told me the story. Well, he followed up with the seller, who told him that the shipper already settled with him, so just keep the units. My son ended up selling them for $300 each to local folks, so he basically got his laptops for free (well, $50 each).

    I appreciate your son's honesty.
    ————————————————
    He must have gotten it from his mother. B)

    jmonroe
    '15 Genesis Ultimate just like jmonroe's.
    '18 Legacy Limited with 3.6R (Mrs. j's)
  • oldfarmer50oldfarmer50 Member Posts: 24,136
    breld said:

    The Tesla lease is the gift that keeps on giving.

    Quick recap - given the difficulties of registering the Model Y after 7 months of ownership, we asked if they wanted to take the car back (sort of a bluff), and they agreed. We made all our payments of course through the day we had possession of the car, and we thought they owed us the pre-paid registration fees (about $1,100) and a couple of monthly payments paid after they took back the car (there was a delay with the leasing company, and to avoid any potential credit issues, we made the payments).

    A few months back we received a check from Tesla via UPS for over $4,000, with zero explanation. That's probably around $1,500 more than we expected, but okay, maybe they actually valued the Tesla higher than our lease payoff?

    Then yesterday, we receive another UPS package at the front door with another check for $1,100, presumably the registration fees?

    I think they've basically unwound the entire deal as if we never leased the Model Y. But I look forward to the next mysterious UPS envelope from them.

    Sounds like it turned out ok but did you ever get an explanation of why it couldn’t be registered?

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • oldfarmer50oldfarmer50 Member Posts: 24,136
    Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    That’s incredible. Do they set the residual at 99% to get there? I can’t imagine they’ll not get hosed at return time. Somebody has to pay the piper eventually.

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • corvettecorvette Member Posts: 11,225
    A little BAE action... Of course, the CVT is dead, but it's a 3.5:

    https://www.facebook.com/commerce/listing/3827091597537061/?media_id=0&ref=share_attachment

    “”””Will trade for power sports””””
  • stickguystickguy Member Posts: 53,221
    Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    sounds like a Colorado thing. If I could walk in local and get that deal the wife would be losing an Acura and gaining an EV.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • stickguystickguy Member Posts: 53,221

    Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    That’s incredible. Do they set the residual at 99% to get there? I can’t imagine they’ll not get hosed at return time. Somebody has to pay the piper eventually.
    the only expense at turn in is the lease turn in fee. that is fixed by the lender (same for any car). This deal is all about tax credits and discounts to move them out. Basically a low interest rate and almost no depreciation (cap cost - residual) baked in.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • kyfdxkyfdx Moderator Posts: 264,165

    Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    That’s incredible. Do they set the residual at 99% to get there? I can’t imagine they’ll not get hosed at return time. Somebody has to pay the piper eventually.
    Colorado chips in an extra $5350 that you don't get anywhere else.

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  • suydamsuydam Member Posts: 5,053
    tjc78 said:

    @Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    Those and the VW ID4 are the two most common cars I see at the chargers. Must be deals on them!


    They are also really nice vehicles.
    '24 Kia Sportage PHEV
    '24 Chevy Blazer EV 2LT
  • xwesxxwesx Member Posts: 17,616
    jmonroe1 said:

    He must have gotten it from his mother. B)

    jmonroe

    Why, you dirty.... :s:D
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • xwesxxwesx Member Posts: 17,616
    edited December 2024

    Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    That’s incredible. Do they set the residual at 99% to get there? I can’t imagine they’ll not get hosed at return time. Somebody has to pay the piper eventually.
    Don't forget that this is Colorado; they have their state and federal rebates / credits shenanigans!

    EDIT: Oops. I'm late to the party. Again. As you were...
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • breldbreld Member Posts: 6,910

    @oldfarmer50 said:
    Sounds like it turned out ok but did you ever get an explanation of why it couldn’t be registered?

    No explanation…we received the title complete notice a couple days after turning the car in. 😳

    2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman

  • oldfarmer50oldfarmer50 Member Posts: 24,136
    kyfdx said:

    Michaell said:

    My local Hyudai dealer sent me an email.

    $0 down, $69/mo for IONIQ5 SEL AWD.

    Can't really get much better than that.

    That’s incredible. Do they set the residual at 99% to get there? I can’t imagine they’ll not get hosed at return time. Somebody has to pay the piper eventually.
    Colorado chips in an extra $5350 that you don't get anywhere else.
    I get that CO has very generous tax credits which are used to reduce the cost to the customer but knowing the depreciation rate on most EVs I can’t believe the dealer or manufacturer aren’t losing a ton of money doing that deal.

    My other question is what are they going to sell that EV for at the end of the lease? There has to be a big difference between the buyout price and what the car is actually worth. Can the tax incentives compensate for that?

    I admit I don’t know that much about tax credits and leasing calculations but it just feels like the dealer or manufacturer is taking a big hit.

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • kyfdxkyfdx Moderator Posts: 264,165
    The government takes a hit. The car manufacturer is definitely taking a hit. The dealer is probably making a little bit.

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  • Sandman6472Sandman6472 Member Posts: 7,197
    Drove a Kia EV6 yesterday and was impressed. Impressed enough to buy...no way, but to lease, of course. But, the range drops quickly on I-95 and it was only in the mid to upper 70's. That part was a negative to me. But drove nicely once I got used to the pedals. Not too big either, something I really liked.

    2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)

  • tjc78tjc78 Member Posts: 16,875

    We love our EV. Range tanks in the cold mainly from the heater. If you turn the heater off the range jumps by 10% or so.

    2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic

  • explorerx4explorerx4 Member Posts: 20,633
    Here's another Colorado EV lease deal.
    https://www.youtube.com/watch?v=vqksxc6m69o
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • jmonroe1jmonroe1 Member Posts: 9,270

    Here's another Colorado EV lease deal.
    https://www.youtube.com/watch?v=vqksxc6m69o

    ————————————————
    You can’t beat free but the only way I’d take that deal is if the dealer threw in a 27 month supply of paper bags so no one would know who I was when I got out of that beast. However, as to how I’d be able to live with myself for putting up with that freebie, we’ll, that’s gonna take a lot of work. :'(

    jmonroe
    '15 Genesis Ultimate just like jmonroe's.
    '18 Legacy Limited with 3.6R (Mrs. j's)
  • au1994au1994 Member Posts: 3,686
    I had a Suburban as a rental in Texas this week. Very appropriate to have a cowboy Cadillac!

    Let’s just say I understand the appeal. Ate up roads like no tomorrow. Super quiet and comfortable. The most surprising thing was it did not drive as ponderously as you would think. I was honestly intimidated when they brought it up, especially since I had a stop in downtown Dallas.

    2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
    2024 Audi Q5 Premium Plus Daytona Gray over Beige
    2017 BMW X1 Jet Black over Mocha

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