should i lease a 2016 kia optima?

[MattyMatt]

2016 lx accord invoice is 22,000
In order to lease the car for 200 per with zero down the car would have to be sold for 18000. You got 4000 dollars under invoice huh big shot? Full of shit and your eyes are turning brown

That's 17% off, and that's doable. I know you don't wanna do it, or don't want folks to know, but it's doable and been done by me and several others in my fam when buying cars. I suggest everyone start with that, then pyramid to 15,13, and if you pay more than 10% off you got royally screwed. Toss in another rebate or two, and come home with a new car.

 

[MattyMatt]

As since we're talking about Hondas, they're one of the easiest cars to get the biggest savings on. But, whatevs. All this talk, I may just go buy a new car this weekend. Oh wait, I'll wait till I close
on my house next month like a smart person...

 

[barman]

[h=2]'Ground Lease'[/h]A ground lease is an agreement in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner. A ground lease indicates that the improvements will be owned by the property owner unless an exception is created, and stipulates that all relevant taxes incurred during the lease period will be paid for by the tenant. Ground leases are typically for 10 years or more.

This was written by our very own ckid.

Carry on.

hahahaha

 

[boss415]

As since we're talking about Hondas, they're one of the easiest cars to get the biggest savings on. But, whatevs. All this talk, I may just go buy a new car this weekend. Oh wait, I'll wait till I close
on my house next month like a smart person...

Invoice is 22k and under invoice you have dealer holdback about 400 bucks and hdg ad money that is maybe 300. So that means 21k and some change is what is called net net. That is were ther is no profit whatsoever. So you your lcal dealer lose 4k to sell your mooch ass a car ? Do you think there is 7 grand packed in to a 24k car ? Just admit you lied just a tad there and while your at admit that you are lieing about negotiating your residual. You dont realize honda set the price and the residual is 52% . You arr full shit there buddy

 

[DesertDevil]

Chalk up another win for those that know leasing is a big scam most of the time.

When looking for a new ride, be careful out there, fellas.

 

[MattyMatt]

Invoice is 22k and under invoice you have dealer holdback about 400 bucks and hdg ad money that is maybe 300. So that means 21k and some change is what is called net net. That is were ther is no profit whatsoever. So you your lcal dealer lose 4k to sell your mooch ass a car ? Do you think there is 7 grand packed in to a 24k car ? Just admit you lied just a tad there and while your at admit that you are lieing about negotiating your residual. You dont realize honda set the price and the residual is 52% . You arr full shit there buddy

I negotiated the selling price which allowed for the savings of zero down payment and then some. I also just realized you said invoice price and not MSRP, but I'm standing by my statement on getting 17% off of MSRP. 10% is easily doable, but I'll admit I shouldn't have said "royally screwed" if you don't get it, but you should get it.

 

[MattyMatt]

Chalk up another win for those that know leasing is a big scam most of the time.

When looking for a new ride, be careful out there, fellas.

Be very very careful...

dont impulse buy and be prepared to walk.

 

[barman]

BOSS started out kinda slow in this thread......and then he fizzled out all together

 

[boss415]

Chalk up another win for those that know leasing is a big scam most of the time.

When looking for a new ride, be careful out there, fellas.

You pay the price that get and it is the same for lease or purchase. You r buddy here gets the dealer to lose 4k to sell him a car

 

[barman]

I AM NOT an expert in car buying but I do believe I know a good chunk about the advertising business.

And I can tell you that virtually every automobile/truck advertisement I hear promotes pricing on a LEASE...

If in fact it was less of an advantage to the dealer than selling immediate ownership with a third party financier they should all have their marketing managers FIRED immediately.

IN FACT, the lease arrangement is preferable to the dealer vs a sale.....and thus - with limited exceptions - should be viewed as less preferable to the consumer.

 

[boss415]

I negotiated the selling price which allowed for the savings of zero down payment and then some. I also just realized you said invoice price and not MSRP, but I'm standing by my statement on getting 17% off of MSRP. 10% is easily doable, but I'll admit I shouldn't have said "royally screwed" if you don't get it, but you should get it.

You lie like a rug. You said you negotiated yoir price and the residual to boot which is an outright lie. They are co related as stated before. The residual is 52 %. So please tell me how you paid 18 otd on a 24 k honda and then made up your own residual? You really just ate not as smart as you think you are

 

[boss415]

I AM NOT an expert in car buying but I do believe I know a good chunk about the advertising business.

And I can tell you that virtually every automobile/truck advertisement I hear promotes pricing on a LEASE...

If in fact it was less of an advantage to the dealer than selling immediate ownership with a third party financier they should all have their marketing managers FIRED immediately.

IN FACT, the lease arrangement is preferable to the dealer vs a sale.....and thus - with limited exceptions - should be viewed as less preferable to the consumer.

The only advantage to the dealer is it is another way to move a unit. If the price is 20k it is the same price whether leased or purchase and the lease is close end meaning everything is upfront. No suprises no tricks. The only thing that varies is the price

 

[boss415]

Ad yep, I said leases are bad for most people because...

1) they get lured in to a low monthly payment on a car they couldn't afford otherwise
2) they put a sizable down payment on a car they will most likely never own
3) if they do decide to buy, it will be at a high interest rate
4) the limited mileage. They end up racking up the miles and owe thousands at lease end, and that low payment just went out the shitter along with that size able down payment...

so, tell me again why leasing is good for me when I can get 0% financing for 36 months, or .9% for 60 and pay a whopping $461 in interest, or was it $7k? Lol not to mention the extra $500-1k rebate for financing with no fee or penalty for early payoff. On a $20k car like we've been referring to, that's an extra 2.5-5% savings just for the load. Pretty damn good if you asked me...

20k car at 20 per 1000 is 400 add 2500 warranty 450. Am i wrong by 7 k ?

 

[TheFalls]

guess i'll chime in on this mess...

trying to decide what my wife should have done in 2004 when she bought her honda accord that I now drive. i'll work it out now
she paid ~$18,000 12 years ago. I paid the balance off a year or two after we got married in 2006...so we can say I saved ~$500 in interest.
There's been no car payment made in 8 years. No interest, nothing.

If she had originally leased the car with nothing down for $400/mth for 3 years. and that rolled over to a new lease, etc, etc for roughly the same amount.
That would be ~$61K.
Even if somehow she got a great deal every time and had only paid $200/mth all this time over 12 years..that's ~ $30K.
She paid less than $20K with interest..

tell me how a lease works better?

 

[barman]

FALLS, you might recall I am a Day One P-1 though I am now in Florida and every car advertiser on The Little Ticket promotes leasing......Freeman Toyota, Grapevine Ford, AutoFlex Lease (oh yeah!)...D&M

Past month, "Rami" at E-Car One in Carrolton leads with that message......

Somehow all the dealers making equal or better money from direct sales are not getting on the air

 

[boss415]

guess i'll chime in on this mess...

trying to decide what my wife should have done in 2004 when she bought her honda accord that I now drive. i'll work it out now
she paid ~$18,000 12 years ago. I paid the balance off a year or two after we got married in 2006...so we can say I saved ~$500 in interest.
There's been no car payment made in 8 years. No interest, nothing.

If she had originally leased the car with nothing down for $400/mth for 3 years. and that rolled over to a new lease, etc, etc for roughly the same amount.
That would be ~$61K.
Even if somehow she got a great deal every time and had only paid $200/mth all this time over 12 years..that's ~ $30K.
She paid less than $20K with interest..

tell me how a lease works better?

Well the bigshot can tell you how he gets the cars for 4k under invoice and negotiate's his own residual and then sells the car after 3 years and makes 3k.

 

[boss415]

I am still waiting to hear how the master negotiates his own residual when it is 52% of the sale price. Op lies like a shady car salesman lmao

 

[MattyMatt]

20k car at 20 per 1000 is 400 add 2500 warranty 450. Am i wrong by 7 k ?

You said nothing about that stupid warranty the first time. It's an option, one you obvious persway someone to always buy. Nice try.

also, you want people to believe invoice is actually the true cost to the dealer and you don't wanna admit it, but we all know that is far from the truth. If they sell every vehicle at that "invoice" price
you keep stating, they make a killing and take people to the cleaners...

 

[MattyMatt]

I am still waiting to hear how the master negotiates his own residual when it is 52% of the sale price. Op lies like a shady car salesman lmao

I'm not the OP, but nice try. You haven't gotten shit right in this thread yet. Like stated, it's easy to tell you used to sell cars.

 

[MattyMatt]

FALLS, you might recall I am a Day One P-1 though I am now in Florida and every car advertiser on The Little Ticket promotes leasing......Freeman Toyota, Grapevine Ford, AutoFlex Lease (oh yeah!)...D&M

Past month, "Rami" at E-Car One in Carrolton leads with that message......

Somehow all the dealers making equal or better money from direct sales are not getting on the air

yep, every commercial promotes leasing. It's so they can get the average person all giddy advertising that low as monthly payment that's a trap...