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Old December 15th, 2011, 09:21 AM   #61
RICK
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(purchased new in March, 2009) Cadillac CTS now showing 11,500, includes one round trip to Disneyworld
(purchased new in May, 2011) Ford Expedition EL now showing 6100, includes one round trip to Disneyworld

We are both retired.
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Old December 15th, 2011, 09:29 AM   #62
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Originally Posted by mschaffer66 View Post
Thank you Mr. Obvious.
Many people don't know that you can add miles to your lease contract...
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Old December 15th, 2011, 10:28 AM   #63
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My 2 year, 0 down, 0 at signing lease has unlimited miles, so I just don' get what the fuss is all about.
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Old December 15th, 2011, 10:34 AM   #64
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My 2 year, 0 down, 0 at signing lease has unlimited miles, so I just don' get what the fuss is all about.
Hopefully that an OEM sponsored/corporate lease. OTherwise you're likely paying too much to feel good.


Its some wierd effect, people will gladly pay more overall for the comfort of knowing they won't have to pay a lump payment at some point in the future.
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Old December 15th, 2011, 11:26 AM   #65
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The problem I have with leases is, for example ass pull bullshit numbers, you can get an F-150 for $200 a month with $4500 down. After you factor that $4500 out to a monthly payment over the life of the lease that truck is more like $400 a month.

I guess I just have a hard time wrapping my head around throwing that kind of cash down on a vehicle that I am basically renting. But that's just me...and I'm weird :)
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Old December 15th, 2011, 11:26 AM   #66
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I was doing about 18k per year, with a lease vehicle. Now hat I bought a vehicle and got a new job, I only put 9k a year on it.
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Old December 15th, 2011, 11:32 AM   #67
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I was doing about 18k per year, with a lease vehicle. Now hat I bought a vehicle and got a new job, I only put 9k a year on it.
Its funny how life works out sometimes isn't it?
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Old December 15th, 2011, 11:35 AM   #68
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Originally Posted by mschaffer66 View Post
The problem I have with leases is, for example ass pull bullshit numbers, you can get an F-150 for $200 a month with $4500 down. After you factor that $4500 out to a monthly payment over the life of the lease that truck is more like $400 a month.

I guess I just have a hard time wrapping my head around throwing that kind of cash down on a vehicle that I am basically renting. But that's just me...and I'm weird :)
Not at all. I never understood why someone would rent a car and have to guard it with their lives to prevent scratches, dings and stains, just to turn it in and get nothing.
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Old December 15th, 2011, 11:40 AM   #69
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Not at all. I never understood why someone would rent a car and have to guard it with their lives to prevent scratches, dings and stains, just to turn it in and get nothing.
True. I've never really understood leasing.
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Old December 15th, 2011, 12:31 PM   #70
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True. I've never really understood leasing.
Again, not everyone is the same. Lots of people prefer a new car evrey couple years. Works well for them.

Lots of people don't want the hassle at the end of selling it, works well for them.

Nothing wrong with that, even if its not what you like to do.


I think a large part of this website is in the buy used and run them till the wheels fall off crowd, nothing wrong with that either. But in general, I would say the GL4x4 average demographic is not at all representative of the target new cars.

Lkewise, a lot of people, given Michigan's geography, it makes no sense to have a 10k per year lease.

But someone like a retiree living in florida with reasonable retirement income, a low mileage lease, car is always under warranty, no hassles, works well.
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