Chrysler and GM are getting out of the leasing business

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Old Jul 27, 2008 | 10:59 PM
  #16  
JBMX928's Avatar
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From: Buffalo NY
Originally Posted by Stealth
But you never actually own the vehicle. In a way you're paying for nothing.
uhh.. I'm paying to have a vehicle for 39 months. I can mod it out. If i wanted to lift a vehicle i would finance it.

How am i paying for nothing?

If i finance a vehicle for 5 years, at 39 months, if i wanted to trade it in, the dealer would rob me, and laugh at trying to trade in a truck.

If i lease a vehicle for 39 months, i turn it in and am on my way.

I can understand buying a truck and wanting to keep it in the family for a while, but i have no interest in that right now .


and actually i think ford dropped it but in the Red carpet options, you were given the title of the vehicle, without financing it. At least that was the case with the f150.
 
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Old Jul 27, 2008 | 11:11 PM
  #17  
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Originally Posted by JBMX928
How am i paying for nothing?
It's right there in my quote.
 
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Old Jul 27, 2008 | 11:22 PM
  #18  
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The one guy said it, i guess you could say im in a way renting it, but it's more like it's mine when i signed the papers, but it will be the dealer's again in 38 months. For now, it's mine to do whatever i want with it. The dealer nor nissan has any say in what i do with it. Ofc they may not repair work if a modication i made caused something to break, but that is the same with a vehicle finance.

As i said i have no interest in purchasing it for the long run, especially a truck i would never be able to get rid of. I like new vehicles.
 
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Old Jul 27, 2008 | 11:26 PM
  #19  
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That's cool. I just like to have something after it's all said and done. I really hated renting an apartment.
 
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Old Jul 28, 2008 | 01:54 AM
  #20  
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My parents just got out of a lease because chrysler/dodge would not approve them when we new it was BS. And after going through it all to end the lease and buy a new car.....they had no trade no nothing. They now see (after leasing for 12 years solid) how bad it is. And now have a car that when its old they can at least get a little something as a trade in value rather than nothing. I have bought my 2 trucks, first never got paid off by me the dealer on my new truck did it. But I am buying this one too. And will do so forever.
 
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Old Jul 28, 2008 | 01:24 PM
  #21  
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i got my wifes yukon xl leased. in 2 years gm gets it back. based on the sinking values of these trucks i am real glad i decided to lease it. i got low payments based on what was a high residual value at the end of the lease when the contract was written. i would say that residual value is much lower now because of gas prices. as far as what you have at the end of the lease, it depends on how you negotiate and the terms of the lease. the best way is to look at what leasing costs you over a few vehicles say over 12 years. granted you dont own the vehicle but you are i a new one every 3 years. you also have warranty. and if you dont like it you only have to put up with it till lease end. if after 3 years it cost 18K and you do that twice you spent 36K. given the same value truck that cost you 36k at the end of 6 years its not worth much. also dont forget you dont pay tax to the state (nj) on the whole value, just the protion you lease. after saying all that i bought my 05 f150 and 06 mustang gt.
 
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