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Of course, if you're just measuring payments, that is one thing. But as I taught dealers when I was consulting to them, the best way for them to make more profit per vehicle was to expand their lease penetration on sales.
But then, what would I know. I just taught this stuff.
It is not the most expensive way. It can be, or it can be a much better deal, depending on the negotiated terms. Dealers love leasing for a couple reasons: (1) most people don't negotiate them like they do a regular purchase, for whatever reason, and (2) that person will be looking for a new car in 2-3 years.
As has been said a million times, leasing is not an inherently poor choice. It all depends on the buyer and what they are looking to do.
For me, leasing is easily the best choice, both personally and financially.
Location: In a little house on the prairie - literally
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Quote:
Originally Posted by LeagleEagleDFW
It is not the most expensive way. It can be, or it can be a much better deal, depending on the negotiated terms. Dealers love leasing for a couple reasons: (1) most people don't negotiate them like they do a regular purchase, for whatever reason, and (2) that person will be looking for a new car in 2-3 years.
As has been said a million times, leasing is not an inherently poor choice. It all depends on the buyer and what they are looking to do.
For me, leasing is easily the best choice, both personally and financially.
Just like those who are religious, one can't convince those who don't want to be convinced that reason beats faith. If it works for you, I'm sure your dealer[s] will be happy to accommodate you.
Amazing how many 50k+ vehicles I see parked in middle class neighborhoods, and Q7s parked in the lot at Target. Never saw that 25 years ago. Back then if you saw someone driving a new Mercedes you knew they were well off!
Do all these people finance everything to the hilt? I would think the last thing you would want to own if you had any sort of debt whatsoever would be a luxury car.
what is middle class to you??
Things are definitely different nowadays. Most of the time you have both husband and wife working and making dual incomes where that wasn't as common 25 years back. Often people have different priorities. There are a lot of people that judge just based on a car etc. One person could have a huge expensive house where they put all their money or they just love shopping and drive beaters. So you could be judging based on what you see, yet at home you blow all your money and are house poor. You truly don't know people's situations...so judging really does nothing. They could be super loaded for all you know...you have no idea.
Not saying that people don't over extend themselves...but based on what you see..you won't know the answer without knowing the specific situation. I for one, like having a new car...it has warranty and reliability that i think some people who drive beaters discount. I spend my money how i want...bc it's my money. I don't want to drive a beater, so i prioritize my money so i can buy the things i want. Just like you prioritize how you spend your money.
A lot of these are actually leases. A lease allows someone to typically drive a more expensive car than they would be able to buy outright. Others are probably used. Also, there are a lot of 0% financing these days, that makes them affordable. Cars in general have also gotten more expensive. A decked out Suburban is $70k. That puts it at the same price point as a Mercedes GL.
But here's the big one. This is the reason you see luxury cars at target: Rich or Poor, EVERYONE NEEDS TOILET PAPER.
Just like those who are religious, one can't convince those who don't want to be convinced that reason beats faith. If it works for you, I'm sure your dealer[s] will be happy to accommodate you.
I'd love to see the math on how you came out ahead vs. driving a paid for car.
A lease is just renting an experience, four tires and a seat for a fix term.
I suppose next you'll tell us that whole life insurance is a great idea
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