So this time, my NIECE did a thing

[bill walsh]

just talked with service manager and we showed him with water where leak is coming from, they order new t top gaskets

 

[Bruno Soares]

If I heard my Sister-in-Law right, they intend to buy the car at the end of the lease. They went for the lease, for the lower down payment/payments.

I think buying a lease at the end only makes sense in 2 situations: the trade in value is higher than the residual which you owe, or you want to keep the vehicle and have the money to pay cash. Financing at that time is not a good idea since you already paid 3 years of interest, paying a few more is no good. I saw a person that leased a car for 3 years and at the end bought it with a 72 month financing. That’s almost a decade of interest on a depreciating asset. Talk about being upside down on a loan.

 

[PaulMys]

I think buying a lease at the end only makes sense in 2 situations: the trade in value is higher than the residual which you owe, or you want to keep the vehicle and have the money to pay cash. Financing at that time is not a good idea since you already paid 3 years of interest, paying a few more is no good. I saw a person that leased a car for 3 years and at the end bought it with a 72 month financing. That’s almost a decade of interest on a depreciating asset. Talk about being upside down on a loan.

Exactly. 9 years of payments that will equal (roughly) paying 55k for a 40k car.

Stupidity at best.

 

[Coatingsarecrack]

Leases are fine if you are the type to get a new car every 2-3 years and “live with a payment. See car payment as gas just something your gonna pay.

Makes more sense to lease with smaller payments and move on. The way leases are set up you’ll probably pay a little less interest but you are paying taxes on actual payment. Means your paying the tax on the interest.

Normally not recommended to lease then buy but if car values stay the same then. Maybe she’ll make out.

I’ve been looking at new Supra’s and was hoping to find a 20-21 at a good price but the V6’s are still new prices. Most other cars seem to be correcting some.


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[Flash Gordon]

Exactly. 9 years of payments that will equal (roughly) paying 55k for a 40k car.

Stupidity at best.

They should teach (not to do) this and first aid in high schools. Maybe we wouldn't have so many stupid people running around breathing my air