2013 v8 chevy camero in good shape is 24,000
2016 v8 same,, but brand new 37,300 +3000 in fees/taxes= 40,300
16,300 is the reduced value over 3 years (not including interest if you had a loan)
currently on on of those Lease sites there is a 2016 V8 camaro (same options ) for 389 a MONTH on 36 months left on this lease = 14,004
16,300
-14,004
= 2,296 Ahead,,
so this is WITHOUT negotiating fromt his specific person,, of which im sure you could get em to throw in another 1000 to get out,,,
no offense illini,,, or computer group,,, but in THIS SPECIFIC context,,, you guys are wrong
But, you left out WITHOUT negotiating the dealer price. Who the hell pays MSRP for a car? You also left out the limited mileage vs unlimited mileage, and the huge sum you're gonna owe per mile when you go over. There's more, but the two listed already are worth way more that the $2296 you say you're already ahead...
Also left off that the selling price of the car is also negotiable in a lease, so why take over someone else's bad deal.
Also, after 3 years you can list on craig's list and wait for a great price. You don't have to sell on the exact 3 year anniversary. However, this doesn't change the fact that pretty much every time, you could do just that and get fucked on the purchase price and fucked on the price when you sell and still come out ahead of leasing.
Personally, I'd rather be the guy that snatched it up after three years than buying brand new.
Simple as this, same car same price same miles after 3 years. You leased it you can put zero down and pay half the payment for 3 years. You buy it and book drops you lose. You lease it you give it back if the book drops. If it is worth money you can sell it either way. Now explain why putting more out of pocket and having a higher payment with no choices after 3 years is the better choice.
GUYS,,, all im saying is that IN THIS CONTEXT,,, ITS NOT FOOLISH,, its just another option,,,
and yes MAYBE,,, you can negotiate the price down?? but,,, not likely on a SS Camero,,
all i am showing you, is that with this platform,,, there is another option,,, even if its + or - a thousand,,, how would you like to drive a brand new lincoln for a year,,, then a brand new buick for 16 months,,, then a dodge ram full size truck for 13 months,,, KNOWING you will not be LOSING money???
What? "Without going to the dealer and financing you hafta have the cash?" So, you can't finance a used car from a private owner where you'll get a better deal anyways, you have to have cash?
CAMARO...and yes you can negotiate that car down easily. Not losing money? You could lose your ass on the lease by going over on the mileage alone. Nothing is set and stone. Best thing is a beater Honda, but to each their own as its not for everyone...go on and get that Rolls, high roller...
Home financing? Lol so, I can't get a loan for a private auto sale at my credit union or bank, I have to have cash? Who's smoking what?
Ok smart guy you said private owners. I remember you now you are the one who said he negotiates the residual in his moms honda lease. No clue and a lier to boot !
Let me give you an example that is a true story. My dad bought a corvette in 2013. Now he doesnt want the huge payment. Guess what ? Book dropped so now when he sells the car he will still have to pay the balance owed. Called upside down. If he leased it he would have just given it back. So tell me again why buying is better?
lol,, matt,,, no rolls for me,, im a lincoln/buick guy,, my hope was to lease one this aug,,, but im flying to italy with my wife in sept for 17 days,, sooo , money,, and time will push me into oct,, but again,,, leasing in this context is fair,,, and i will probably use it,,
i will post accordingly when i do,,
i will post accordingly when i do,,
Yep, I said private owners, as in the private owner who wants to sell me and Illini his/hers used car, that I can easily walk into a bank or credit union as stated and get a loan for to buy. No stealership needed.
