You really aren’t into cars are you?
I think you would be surprised at the LTV of the average car loan.Or am I clueless and people actually finance the entire cost of a $90k vehicle and this is a good deal for those folks?
I think this approach shows promise. It’s a great idea. The mileage cap would be tough for me, but probably fine for the target audience. I’m glad JLR has its thinking cap on in terms of how to survive in Clown World.
this approach is probably the future - a middle ground between buy/lease and the urban no-car full time Uber approach.
I agree with this. Thats why I buy cheap but brand new GM products. Once it's out of factory warranty it's on borrowed time. I would have bailed on this Cruze I'm driving the first time there is a major repair. It just won't fucking die, just keeps going like the damn energyzer bunny. I'm sick of driving it, but I'm going to keep going I guess.There should be zero cost of owning a BRAND NEW vehicle, except maybe an oil change.
I hear you 100%. But the challenge with that is the down payment vs the depreciation, ie: what you can unload it for when you need to and are you upside down. It’s a complex decision for sure. I guess everyone’s situation will be different. I just come down on being against those who say you should never lease (or never buy). Or, for that matter, never finance (Hi, Dave Ramsey)If you don't put a lot of miles on a car leasing is good, but probably not better than owning it outright. To me it's about giving up control. I personally don't know what my life has in store for me 3 years from now. Maybe I won't be in a position to get out of my vehicle then. Also I drive 100 miles a day round trip. so a 36,000 mile lease is just over a years driving.
I hear you 100%. But the challenge with that is the down payment vs the depreciation, ie: what you can unload it for when you need to and are you upside down. It’s a complex decision for sure. I guess everyone’s situation will be different. I just come down on being against those who say you should never lease (or never buy). Or, for that matter, never finance (Hi, Dave Ramsey)
I think you would be surprised at the LTV of the average car loan.
How Much Should a Car Down Payment Be? | Edmunds
A solid down payment will reduce your monthly payment and offset the initial hit in depreciation. Twenty percent is ideal if you can swing it.www.edmunds.com
The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Its Cars
The availability of inexpensive debt on increasingly generous terms is supporting auto industry sales and profits. For consumers, it’s become a crutch to support their expectations.www.wsj.com
This map shows the average monthly auto loan payment in every U.S. state
A new analysis of vehicle costs form Autowise finds that Americans are taking on longer loan terms and paying more for their vehicles on average than they have in the past. In some parts of the country, car buyers are paying nearly $600 per month for a new vehicle.www.cnbc.com
If you don't put a lot of miles on a car leasing is good, but probably not better than owning it outright.
Yeah I worked Chicago most of my life. I'm not touching that shit. The best way I've seen people do it is have a switch that opens up the speedo/odometer signals. But now that that all gets sent on the can network not sure how you would single that out. Never really gave it much thought since I don't want to get locked up. I don't like cock.I don’t know how they do things where you are, but in the northeast everyone just rolls back the odometer. You get the 5k/year lease and pay the $1,000 or so to have the odometer rolled back. After living in NYC I was shocked at how common this is.
Not exactly a stunning endorsement for the Pretender off-road. (That said, the Toyota exceeded my expectations, which were not high.)So did find a clip of a Defender on the trail. Dudes are a little goofy and not super challenging. The lower control arms stick down further in ratio to the wheel than a straight axel and that seems to cause some problems.
Yeah I worked Chicago most of my life. I'm not touching that shit. The best way I've seen people do it is have a switch that opens up the speedo/odometer signals. But now that that all gets sent on the can network not sure how you would single that out. Never really gave it much thought since I don't want to get locked up. I don't like cock.
I'm not sure you could roll an odometer back on one of these things anyway. You would need to figure out a way to break up the speed signal and just not put the miles on it. I think the early LR2 stored vehicle mileage in the drivers door latch. The reason I think that is I put a latch in a car that was in an open box. The mileage updated to a lot more than it came in with. Also the Body controller and powertrain knows how many miles are on the car and are supposed to update all modules to the highest mileage on start up.
Not exactly a stunning endorsement for the Pretender off-road. (That said, the Toyota exceeded my expectations, which were not high.)