However if you have a bunch of money in your pocket, the costs aren't as overwhelming for purchase/maintenance as it is for the average joe. And we shouldn't judge the people that can afford to do it.
leased corvettes killed the market for used corvettes. when GM quit leasing corvettes people with leases that were up dumped the corvettes on the market to get out from under because they could not walk into a dealer and walk out with a new corvette. my dealer told me that between 30%-40% corvette sale were leases
chevy owner since 1953,30 new chevys and 11 new corvettes since 1959 ,# 11 2008 corvette in the garage ,2004 impala,1988 2500 silverado,former NASCAR tech inspector,retired race engine builder. 2008 corvette sold waiting for the C-7. old 88 silverado gone and replaced with a new 2013 ext cab silverado.
If done right leasing actually retains value, because its an incentives that does not require lowering the price to sell the car. I personally would not lease a new Corvette, because my next one I fully expect to be more than the 700 hp my last one was...not so good of an idea to lease a car to heavily modify it like that.
Leasing has its place, its just not for everyone. Whatever works best for you and your situation is what you should do.
Will leasing option make the insurance cheaper or the same vs. owned/financed vehicle?
I used my Buick for business trips and got ~$2000/year as mileage expense for 3000 mi/5000 km per year, maybe leasing @0%/48 months with current GM Canada promotion for new Regal would be a good option?
Last edited by neshapop; 08-02-2011 at 06:57 PM.
I was invited to a BMW consumer clinic this past weekend, and even the sales representative to whom I was assigned proves that point. When I asked her to comment on BMW quality, I got a nebulous response that appeared to be rehearsed from BMW training. I give props to BMW for presumably preparing their sales personnel in this fashion, but I never got a clear "BMW builds quality product, and that is supported by these following facts..."
Contrast that to a Lexus sales representative, who when speaking to me about the quality of the LS, provided very concrete proof of that, including the fact that the LS for more years than not has been the highest quality vehicle of any vehicle sold in the US. That's impressive. Of course, he couldn't really tell me any reason beyond that why I should drive such a car.
The conclusion is very simple and clear: German vehicles are not high quality.
Last edited by tgagneguam; 08-02-2011 at 07:19 PM.
When you buy an iPod you are not buying just a device that plays music etc... in a neat way, but you are also buying a fashion accessory to show off and be seen with. I like Apple products, but from my experience they're not the highest quality in the world as far as longevity is concerned, at least not the newer ones. They are also seen as disposable. A new iPod/iPhone comes out every year to much fanfare even among existing owners.
I remember reading that German cars take a big hit in depreciation as soon as a new model comes out (more so than average), because most people who can afford to own a used 5er or 7er would not want to be seen in "last year's body style" and prefer to lease a new one instead.
Wow, a thread thats make sense. I've told pretty much all of my middle class friends that leases was better than buying in this group. I see others agree. Its also only way I would ever consider a 2012 Cadillac SRX.
i lease because i work in manhattan and live in queens. the miliage i put on the bmw is minimal as i only use it to go to meetings and for trips with the family. i use my daily driver to and from work. the bimmer would fall apart in the pot holes of manhattan. also when i got the bmw the salesman told me they make their money on parts.............not on the sales.
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