Some sick, sick deals on new cars available right now

[JackBurton]

I was bad. I financed a bit of my Challenger. 🙁 Of course, in 2 months I'll have it paid off (a total of 13 months).

It also feels good knowing you own your car free and clear.

 

[Mr. Lennon]

My first 3 cars were all used. All of them caused me headaches. When the third car took a dump, I decided to try a lease. The peace of mind is simply priceless.

 

[WackyDan]

One of the problems with leasing is you are paying into a black hole. There is no paying off a lease, If for some reason you cannot afford lease payments anymore you have nothing. If you lose your job somehow you will also lose your car guaranteed, if you bought a car there is a chance you could have paid it off by then and you can "tough" it out with an older model.

I am just not convinced with the value of a lease, there is something to be said for not having car payments.

THIS. I prepare for financial hardship... 24/7. It paid off in a big way when I was laid off in 2010 for 8 months... no car payments, no credit card bills.

Just talking cars though, I never had to worry about anything but registration and insurance and gas... no $300+ payment. I was never in fear of losing my car and modes of transportation... There is a lot to be said for that... also, if I needed to sell one of the vehicles, specifically the Spyder, I would have been able to sell it for a decent price and more readily as title was in hand.

 

[Doppel]

are you missing a 0? $0.15/mile is insane. if you drive 1000 miles that's $150, which is over half the original lease cost.

No, I'm not, and no it's not much. So $150/month is a lot? That's 24,000 miles/year. Do that with the Leaf, for example, and even with the overage penalty it's so cheap in electricity per mile that you're costing the same as a 20 mpg vehicle on its gas alone.

I fail to see ANY sick deals in this thread.

I can't help bad math; if you want to run the numbers you'll see the deal on the Leaf in particular is unbeatable in any other way; the lease is a complete no-brainer if you want that vehicle.

My first 3 cars were all used. All of them caused me headaches. When the third car took a dump, I decided to try a lease. The peace of mind is simply priceless.

I agree. I've spent my share of time underneath a car and now I just have other things to spend my time on.

 

[HeXen]

lol, OP is seriously preaching about leasing a vehicle?...seriously?
If you like to lease your cars, thats awesome, lease all you want, but let everyone else do wtf they want to do, don't preach everyone to death about it.

Leasing is not good idea for everyone.

 

[Fenixgoon]

No, I'm not, and no it's not much. So $150/month is a lot? That's 24,000 miles/year. Do that with the Leaf, for example, and even with the overage penalty it's so cheap in electricity per mile that you're costing the same as a 20 mpg vehicle on its gas alone.I can't help bad math; if you want to run the numbers you'll see the deal on the Leaf in particular is unbeatable in any other way; the lease is a complete no-brainer if you want that vehicle.I agree. I've spent my share of time underneath a car and now I just have other things to spend my time on.

fair enough. i drive a decent amount, so to me it would not seem worth it. at one point i was doing 24,000/miles a year. going 12,000 miles over would not be good 😛

 

[Doppel]

lol, OP is seriously preaching about leasing a vehicle?...seriously?
If you like to lease your cars, thats awesome, lease all you want, but let everyone else do wtf they want to do, don't preach everyone to death about it.

Leasing is not good idea for everyone.

Ironically you have the most preachy tone in the thread. I won't apologize for offering some potentially helpful information. Not everybody is butthurt over leasing. If you don't like it, thats awesome, don't lease all you want, but let everyone else do wtf they want to do, don't preach everyone to death about it. I'll refund you what you paid for spending your time in this thread. The check is in the mail.

 

[desy]

You write off as a business a lease, if you just joe you can't however I've know lots of people who can write off the lease as an expense but really its their car for work and play

leasing keeps you in a modern car so latest tech, safety innovation, fuel economy it has value over your 14 yr old car if thats importatn to you. If I'm driving my wife and kids around do I want all the airbags around, traction control, some outweigh the bottom line of stricly $, + you don't the hassel of a sell when you are done with it either after 3 or 4 or 14 yrs , and its easy to try different brands, vehicle types with little hassle or like in this case unproven technology.

I'm not interested in a lease but I do see why people are drawn to them

 

[Zivic]

Ironically you have the most preachy tone in the thread. I won't apologize for offering some potentially helpful information. Not everybody is butthurt over leasing. If you don't like it, thats awesome, don't lease all you want, but let everyone else do wtf they want to do, don't preach everyone to death about it. I'll refund you what you paid for spending your time in this thread. The check is in the mail.

I for one appreciated the heads on the deals..... though maybe next time you could find me a good deal on a car I would actually want to drive 😉

edit. I take that back a bit, the pathfinder is a great vehicle....

 

[heymrdj]

I leased a 2012 Civic LX a few weeks ago and it's been awesome so far. I paid 500$ down (mainly in titling, registration, ect) and I pay 230$ a month (12k/yr lease). Oil changes come with the lease between every 3k and 5k depending on when the idiot light comes on. It has more technology than my 04 Expedition. I have 1046 on the odo now (got it with 3 on the odo) and I've put in exactly 22 gallons of gas. On my Expedition, the 28 gallon tank lasted 1 week, or approximately 325 miles. So gas savings alone is paying 160$ of my lease. The rest is easy to justify with peace of mind. The truck needs some work, and it's reliability has been downhill quite a bit this last year (in the shop 6 different times), costing me vaction days and of course cash. With savings going the way they are I should be able to get the truck good and fixed next year, but right now this car is well worth the cash to be able to turn the key and commute. On top of that should it break down it's all covered under warranty. Wonderful feeling.

 

[WilliamM2]

I leased a 2012 Civic LX a few weeks ago and it's been awesome so far. I paid 500$ down (mainly in titling, registration, ect) and I pay 230$ a month (12k/yr lease). Oil changes come with the lease between every 3k and 5k depending on when the idiot light comes on. It has more technology than my 04 Expedition. I have 1046 on the odo now (got it with 3 on the odo) and I've put in exactly 22 gallons of gas. On my Expedition, the 28 gallon tank lasted 1 week, or approximately 325 miles. So gas savings alone is paying 160$ of my lease. The rest is easy to justify with peace of mind. The truck needs some work, and it's reliability has been downhill quite a bit this last year (in the shop 6 different times), costing me vaction days and of course cash. With savings going the way they are I should be able to get the truck good and fixed next year, but right now this car is well worth the cash to be able to turn the key and commute. On top of that should it break down it's all covered under warranty. Wonderful feeling.

Of course all of that would apply if you purchased it too.

 

[heymrdj]

Of course all of that would apply if you purchased it too.

Yup except for a few problems.

One: I wouldn't buy I base car. I just won't. I'd buy a used beater before being tied to a car where everything is the cheapest bid.

Two: Financing a car that did have the options I want would have been a 6 year finance. I won't do financing beyond the warranty period.

Three: I don't want to be tied to the civic. It's too small, I want a bigger more refined car. It's strictly a gas commuter that gives daily piece of mind.

Four: The car fits in my 3 year plan. In 3 years I should have saved enough for a 20% (or more) down payment on a Focus Titanium HB, Chrysler 300 AWD, Taurus SHO, or Lexus IS350 AWD.

With this in mind I didn't see how anything other than leasing was a good idea. But I needed a newer car to get the reliability in my commute. The Expedition doesn't fit into my 3 year plan. I still have it, I plan to fix it up next year and fix the engine problems, where it will then become the fiance's daily driver, or go to one of several interested buyers.

 

[Ferzerp]

Two: Financing a car that did have the options I want would have been a 6 year finance. I won't do financing beyond the warranty period.

So you're using a lease to rent a car that you can't really afford?

 

[heymrdj]

So you're using a lease to rent a car that you can't really afford?

Read again. I could have bought this car easy, no problem, with a 20% down payment and everything. I couldn't afford to buy the car I want. So i went with the cheapest lease in the city on a base car until I can get something better. Otherwise my 3 year plan would extend to 5-6 years or even more to get a car I actually enjoy driving (not that I don't enjoy this, it drives far easier in the city than the 6500lb outfitted truck). Cars are my thing, my splurge. Yall waste dramatic amounts of money on computers (I do a build every 5/6 years or so. Still rocking my Phenom X4 and X6), I like saving up for good cars. The Expedition Eddie Bauer has been a blast, but it's almost time for something new 🙂.

 

[Ferzerp]

We splurge on computers and not cars?

What forum are you reading?

There is splurging, then there is living beyond your means... They aren't the same thing.

 

[heymrdj]

We splurge on computers and not cars?

What forum are you reading?

Anandtech, which I think you'll agree, most members in it are not Garage sub-forum goers 🙂

Since you decided to edit earlier:

They are two very different things. Now tell me where in this thread has that been deemed as ok?

 

[thegimp03]

The Chevy Volt I noted online at the Volt forums (a few dealers enter the lease threads there), the others I've seen locally in the online ads at a couple of dealerships. They aren't even loss-leaders; you can go in and grab it.

Leaf example: http://www.fatwallet.com/forums/deal-discussion/1215478/ . I bet that deal is dead and it was end-of-month only but I saw the exact same one within $10/month in my neck of the woods. And I always check the small, so it's not newb mistake looking at the monthly number and failing to see the "With $3k trade" type crap most ads go for.

Example of the Volt prices:
http://gm-volt.com/forum/showthread....MSRP-of-44-120.00...-2200.00-down-279.00-OTD...

Those include $2200, but divide by the lease term of 36 and add to base payment you see the real rate.

It's really sad to still read stuff like this. If you evolve your understand of cost of ownership of vehicles there is a major tool available to you that you're otherwise ignoring based on old-school, contemporarily-irrelevant mathematics.

Again: $250/month for a Leaf all inclusive; $6k over 24 months. There is no scenario in which you could buy that car new and after 2 years and 24,000 not have lost more than $6k in value. None, period.

Whether you want a Leaf;,whether you want new is immaterial to the discussion. There are clearly times when leasing is the superior move and I've just outlined one. In today's market it is regularly the case that a lease payment can be much less than half of the financed payment of a car. Years ago it may have been 2/3rds and the case for leasing was weak.

Wow, those Volt deals were crazy. Leasing a $44k car for 2 years for less than $300 is dirt cheap.

 

[Doppel]

Of course all of that would apply if you purchased it too.

even the $230/month part?

 

[Doppel]

So you're using a lease to rent a car that you can't really afford?

he can afford it--because it is 230/month

Leasing a $44k car for 2 years for less than $300 is dirt cheap.

ex-freaking exactly!

 

[WilliamM2]

even the $230/month part?

You mean the $230 a month he's paying for a base model car he doesn't like, is too small, and doesn't want to own? No that won't apply.

As far as his long term plan, if it takes you three years to save 20% for a Focus, and then you need 5-6 years to pay it off, you can't afford it.

 

[Doppel]

Ah ha! This is why Volts were being given away.

http://insideevs.com/best-sales-month-ever-for-volt-over-2500-sold-in-august-and-here-is-why/

I knew these deals were too good to be true--although they weren't for those who actually bought in on them, the lucky few 😉

 

[Svnla]

I saved for a while and bought a brand new vehicle with cash. I am planning to keep this vehicle until the wheels fall off or I win the lottery.

Don't get me wrong. I do have the new car fever once in a while but the no car payment whatsoever until the rest of my life (as long as this vehicle is still running) brings me back to my sense.

 

[halik]

he can afford it--because it is 230/month

ex-freaking exactly!

Your arguments can be used at Rentacenter as well

 

[Doppel]

Your arguments can be used at Rentacenter as well

Of course they can't. You don't understand total cost of ownership, I get that.

 

[heymrdj]

You mean the $230 a month he's paying for a base model car he doesn't like, is too small, and doesn't want to own? No that won't apply.

As far as his long term plan, if it takes you three years to save 20% for a Focus, and then you need 5-6 years to pay it off, you can't afford it.

*sigh* please stop being so ignorant. I don't have credit because I never got a car. Focus prices were coming with 9% interest which of course drives up the price. In 3 years at the current rate I can buy a loaded Escape Titanium with a payoff of about 3 years. Had I purchased this car now, I was going to be in the same boat, a high interest rate that made no sense. I could have continued to save my way up to pay for a car flat out at a higher interest rate, but that also required dumping money into a unstable vehicle. I used up 27 hours of vacation time, over half of my vacation time, sitting in car repair shops getting the thing repaired multiple times. My life is worth something too. Driving is absolutely essential in my job, and public transit doesn't run early enough for me to use it.

Like I said, everyone will view it differently, some view cars as an appliance, others as fun, some will wait so long to have fun they'll die before they ever achieve it. I'm building credit, have a reliable commuter, and I'm paying very little for it after work discounts (about 145$ a month). As someone else said, the peace of mind alone can be priceless.