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Car Leasing tips

M

Mayfriday0529

Diamond Member
July 4, weekend is coming up and I?m sure the car dealers have deals that weekend.
My mom?s lease is over and we are returning the car July 3rd, so she will be looking to lease again.
2004 altima or 2005 altima, undecided but I?m sure better to get 2004 because they are trying to get rid of them to make space for new 2005 models.

Any tips on how to get best deals. I been reading the Carbuyingtips website but sometimes i get confused.

cliffnotes:
Returning car
Need new car leased
July 4 specials
Needs some tips.

Thanks
 
Car leasing tips: Don't lease!

Teasing. Just negotiate for the smallest monthly payment, because that's probably what your mother is concerned about, since she is leasing.
 
Shop around. Have them buy YOU. As an example, my bro was shopping for his 325Ci Convert., went to one dealer, they gave him a quote. Then he went to another dealer, got a cheaper quote. He called the 1st dealer back and told them that he's going w/ the other dealer, and then they gave it to him cheaper w/ more options.

Make sure you bargain w/ these folks, the second you turn your back, they will chase after you w/ a better deal.
 
Originally posted by: Asharus
Shop around. Have them buy YOU. As an example, my bro was shopping for his 325Ci Convert., went to one dealer, they gave him a quote. Then he went to another dealer, got a cheaper quote. He called the 1st dealer back and told them that he's going w/ the other dealer, and then they gave it to him cheaper w/ more options.

Make sure you bargain w/ these folks, the second you turn your back, they will chase after you w/ a better deal.
Click to expand...

yes i'm trying to get quotes on at least 5 dealers. the only problem out of all the other dealers the one we got the two nissans we have, they been the best, the other dealers are so pushy i hate that

"buy today tomorrow the deal is gone"
 
I doubt your mother will want to lease. New York hasn't passed any vicarious liability control laws yet. If you can even find a bank to finance a lease the fees will be insane. Most likely the dealership will guide your mom towards a balloon payment. Considering imports tend to keep their value better than domestics you might be better off buying.


From the NYS Automobile Dealers Association - Website
Vicarious Liability Talking Points

Leasing is a popular option for consumers and small business owners, allowing conservation of cash, lower payments and more frequent replacement into newer / safer vehicles.

In New York, over 25% of new vehicle sales were leased, with many high-end and metropolitan dealers leasing 80% of their vehicles.

Vicarious liability has caused unacceptable losses for leasing companies and led over 70 such businesses to close since September 2000. More importantly, consumers are losing a viable option in controlling costs, which allowed them to transport their families in newer and safer vehicles.

GMAC, Ford Motor Credit, Honda Financial and Chase Financial have now ceased their leasing operations in New York State, with others ready to follow suit, while other companies have created acquisition charges to lessen their liability.

Under current New York law, if a vehicle is purchased, the owner is liable; if leased, lessee is liable but leasing company is also sued becahse its name is on the title and has "deep pockets."
New York is now the only state with unlimited vicarious liability. Connecticut and Rhode Island repealed their vicarious liability laws in 2003.

Under the bill, manufacturers would remain liable for defective products, but not for negligent drivers over which they have no control.

This is a truly antiquated law dating to 1924 and meant to cover livery drivers of that era who had no assets or insurance of their own.
Click to expand...
 
Lease promotions are best found by going to Edmunds.com and looking under their incentives section. I found that not all promotional leases are listed there, so you might want to check the manufactuers website to see if they are running any promotions. I would check into that first and take a manufacturer backed deal instead of a dealership backed deal. If it is a manufacturers promotion, the dealership must follow it exactly in order to sell the lease to the financing company.
 
Originally posted by: Freejack2
I doubt your mother will want to lease. New York hasn't passed any vicarious liability control laws yet. If you can even find a bank to finance a lease the fees will be insane. Most likely the dealership will guide your mom towards a balloon payment. Considering imports tend to keep their value better than domestics you might be better off buying.


From the NYS Automobile Dealers Association - Website
Vicarious Liability Talking Points

Leasing is a popular option for consumers and small business owners, allowing conservation of cash, lower payments and more frequent replacement into newer / safer vehicles.

In New York, over 25% of new vehicle sales were leased, with many high-end and metropolitan dealers leasing 80% of their vehicles.

Vicarious liability has caused unacceptable losses for leasing companies and led over 70 such businesses to close since September 2000. More importantly, consumers are losing a viable option in controlling costs, which allowed them to transport their families in newer and safer vehicles.

GMAC, Ford Motor Credit, Honda Financial and Chase Financial have now ceased their leasing operations in New York State, with others ready to follow suit, while other companies have created acquisition charges to lessen their liability.

Under current New York law, if a vehicle is purchased, the owner is liable; if leased, lessee is liable but leasing company is also sued becahse its name is on the title and has "deep pockets."
New York is now the only state with unlimited vicarious liability. Connecticut and Rhode Island repealed their vicarious liability laws in 2003.

Under the bill, manufacturers would remain liable for defective products, but not for negligent drivers over which they have no control.

This is a truly antiquated law dating to 1924 and meant to cover livery drivers of that era who had no assets or insurance of their own.
Click to expand...
Click to expand...

My mother does want to lease, she doesnt want to keep the car. thigns are being repair now, right now it in the shop getting new front breaks, one week before the lease is up funny lol problem just started this week. My mom doesnt know cars just how to drive, last month she went for state inspection and she got scam for other crap that the car didnt need.
so new safe car is good for her to travel from and work since i'm not around all the time to take the car for repairs and oil changes.
 
Go in the evening an hour or so before they close. When they start talking figures, I just say "hmmm, I really want the car but that's more than I wanted to spend" - over and over in response to anything they come at you with. Last time I turned in my wife's lease vehicle we got the newer model with more options for less than we were paying before on a slightly shorter term lease...
 
The answer really is to not lease, unless it's a company lease.

But if you must lease, watch out for the following:

Present Value
Limited miles per year
Clause in which it has to be returned in a certain condition.

In the end those things will make you regret your lease.
 
Eh, I wouldn't lease, you can always sell the car after a few years when it starts costing money to maintain

If you want something that will last for a very long time without mechanical problems, or at least many problems, just grab a Honda or Toyota
 
Leasing is almost always the second stupidest thing you can do when it comes to cars. The only stupider thing is buying new every 0-3 years.

Every once in a while a great lease deal comes along, but those are few and far between. Try to get your mother into buying a car. The payments can be quite low. And then have her enjoy the car for several years with $0 monthly payments (ie the years after the car is paid for). $0 is a whole lot better than $200+ a month for life.
 
My tip: Don't lease unless you're getting specific tax deductions because of it. It's the only reason my dad ever did. It's not right for most people.
 
Originally posted by: Jnetty99
July 4, weekend is coming up and I?m sure the car dealers have deals that weekend.
My mom?s lease is over and we are returning the car July 3rd, so she will be looking to lease again.
2004 altima or 2005 altima, undecided but I?m sure better to get 2004 because they are trying to get rid of them to make space for new 2005 models.

Any tips on how to get best deals. I been reading the Carbuyingtips website but sometimes i get confused.

cliffnotes:
Returning car
Need new car leased
July 4 specials
Needs some tips.

Thanks
Click to expand...


DOH! I just quickly skimmed your post and didn't notice that you were looking at that site. Still, it is the best for knowing what to prepare for. I love the e-mails he gets from car dealers.
 
Originally posted by: LemonHead
Originally posted by: Jnetty99
July 4, weekend is coming up and I?m sure the car dealers have deals that weekend.
My mom?s lease is over and we are returning the car July 3rd, so she will be looking to lease again.
2004 altima or 2005 altima, undecided but I?m sure better to get 2004 because they are trying to get rid of them to make space for new 2005 models.

Any tips on how to get best deals. I been reading the Carbuyingtips website but sometimes i get confused.

cliffnotes:
Returning car
Need new car leased
July 4 specials
Needs some tips.

Thanks
Click to expand...


DOH! I just quickly skimmed your post and didn't notice that you were looking at that site. Still, it is the best for knowing what to prepare for. I love the e-mails he gets from car dealers.
Click to expand...


he gets emails from car dealers, hate mail?
 
Originally posted by: Jnetty99
Originally posted by: LemonHead
Originally posted by: Jnetty99
July 4, weekend is coming up and I?m sure the car dealers have deals that weekend.
My mom?s lease is over and we are returning the car July 3rd, so she will be looking to lease again.
2004 altima or 2005 altima, undecided but I?m sure better to get 2004 because they are trying to get rid of them to make space for new 2005 models.

Any tips on how to get best deals. I been reading the Carbuyingtips website but sometimes i get confused.

cliffnotes:
Returning car
Need new car leased
July 4 specials
Needs some tips.

Thanks
Click to expand...


DOH! I just quickly skimmed your post and didn't notice that you were looking at that site. Still, it is the best for knowing what to prepare for. I love the e-mails he gets from car dealers.
Click to expand...


he gets emails from car dealers, hate mail?
Click to expand...


Yeah, there all on the main page. Just scroll down. Some are classic!
 
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