So I leased a car

[GoodOdor]

Toyota corrola for 215 a month with 570 down.

Is it a good deal or did I get ripped off?

[Wild Cobra]

The ripoff comes when you turn it in. You should have bought instead of lease. Can't afford to buy, then you took on too much responsibility.

[Creepn]

You leased a Toyota?

[GoodOdor]

You leased a Toyota?

Nigga did I stutter?

[Wild Cobra]

Toyota's are great cars. Now I only buy American cars, but there is nothing wrong with them.

What are your liabilities if you don't bring the car back in High Retail condition, or showroom shape at the end of three years?

Paint chips, door dents, etc...

[Drachen]

Toyota's are great cars. Now I only buy American cars, but there is nothing wrong with them.

What are your liabilities if you don't bring the car back in High Retail condition, or showroom shape at the end of three years?

Paint chips, door dents, etc...

Toyota has the 1st and 3rd most american made cars

[Wild Cobra]

Toyota has the 1st and 3rd most american made cars
With import parts, most the profits of manufacturing going elsewhere. Modern car assembly lines don't use very many people. Automation rules.

[Blake]

yah I've leased a car before and regretted it.

I put the lease to be at 15k miles max but ended up averaging about 20k for the first three years and it needed some minor work, so it was too much in fees to give back that way. I was stuck having to re-finance the balloon payment, and in order to keep the monthly payment the same, it took another 4-5 years to pay off.
7-8 years of paying for the same car sucked ass.

Not only am I never leasing again, I'm never getting a new car again. If you can't pay it all up front with cash, then the next best thing to do, imo, is tell the bank how much you want to spend per month and let them approve you for a certain dollar amount.

Interest rate of 5%, $215 a month, 60 months, $550 down would let you outright buy this Corolla:

http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?zip=78216&endYear=2014&modelCode1=COROL&showcaseOwnerId=615581******Year=1981&makeCode1=TOYOTA&sellerTypes=b&searchRadius=50&maxPrice=12000&showcaseListingId=339014043&mmt=%5BTOYOTA%5BCOROL%5B%5D%5D%5B%5D%5D&listingId=337608307&listingIndex=5&Log=0

[Wild Cobra]

Domo arigato Mr. Roboto...

82w_r2D1Ooo

[TDMVPDPOY]

i just bought one last month.... GoodOdor did you get the sports model version?

down here they just release a new holden commo VF, pontiac in the states....when u hire american designers = expect utter shit, they took an aussie mean v8 and turn it into something very feminine

[Blake]

American name cars still suck major ass, imo.

I'm sticking toyotas and hondas until they ford and chevy et al can show a steady improvement.

[Wild Cobra]

i just bought one last month.... GoodOdor did you get the sports model version?

down here they just release a new holden commo VF, pontiac in the states....when u hire american designers = expect utter shit, they took an aussie mean v8 and turn it into something very feminine

Aussie V8?

I thought they were using the GM LSx series engine. Doesn't it have the Camaro SS engine in it?

[GoodOdor]

yah I've leased a car before and regretted it.

I put the lease to be at 15k miles max but ended up averaging about 20k for the first three years and it needed some minor work, so it was too much in fees to give back that way. I was stuck having to re-finance the balloon payment, and in order to keep the monthly payment the same, it took another 4-5 years to pay off.
7-8 years of paying for the same car sucked ass.

Not only am I never leasing again, I'm never getting a new car again. If you can't pay it all up front with cash, then the next best thing to do, imo, is tell the bank how much you want to spend per month and let them approve you for a certain dollar amount.

Interest rate of 5%, $215 a month, 60 months, $550 down would let you outright buy this Corolla:

http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?zip=78216&endYear=2014&modelCode1=COROL&showcaseOwnerId=615581******Year=1981&makeCode1=TOYOTA&sellerTypes=b&searchRadius=50&maxPrice=12000&showcaseListingId=339014043&mmt=%5BTOYOTA%5BCOROL%5B%5D%5D%5B%5D%5D&listingId=337608307&listingIndex=5&Log=0

I took the 12k miles a year - I'm basically gonna be driving to the caltrain and back, plus misc, so should stay within the range.

After 3 years though you become responsible for maint'.....I know Toyota's are great, but that shit can still be expensive.

[Blake]

I took the 12k miles a year - I'm basically gonna be driving to the caltrain and back, plus misc, so should stay within the range.

After 3 years though you become responsible for maint'.....I know Toyota's are great, but that shit can still be expensive.

12k adds up quick. Definitely forget going on long trips in it.

[Creepn]

Nigga did I stutter?

Lol fuck you. I just never heard of people leasing ugly cheap cars. They just buy it.

[TDMVPDPOY]

Aussie V8?

I thought they were using the GM LSx series engine. Doesn't it have the Camaro SS engine in it?

didnt look into the spec, just saw the exterior and it look like a piece of shit luxury car, when commos are known to be mean looking cars...

theres many versions from S, SS, calais, then u have the HSV range series...

[Wild Cobra]

didnt look into the spec, just saw the exterior and it look like a piece of shit luxury car, when commos are known to be mean looking cars...

theres many versions from S, SS, calais, then u have the HSV range series...
And Holden uses the same V8's you find in the Camaro's and Corvettes.

[CubanMustGo]

Toyota corrola for 215 a month with 570 down.

Is it a good deal or did I get ripped off?

This place offers an LE for $189 a month with 0 down, so if you got a bare LE with few options you didn't get any great deal. Then again it's not a major screw job as screw jobs go.

http://westborotoyota.com/2013-Toyota-Corolla-Zero-Down-Lease/

Toyota themselves offers a $189/month lease but that's with $1800 down, so you basically did OK. http://www.buyatoyota.com/Specials/dealer/specialOffers.aspx?dealer_code=36090&series=Corolla

[benefactor]

I used to knock those that lease but to each their own. Some people just like having something new and are willing to pay to do so.

Personally...I'll just buy a year or two old car with low mileage. The past couple of times I've done it I've wound up with a car that's basically brand new for much less than it's worth. Recently flipped my Genesis Coupe for loaded Maxima. Between my good interest rate, solid trade in and cheap sticker price on the Maxima my whole note is like 21k. I could drive it off a cliff tomorrow and wind up with like 5-6k in my pocket.

[Blake]

I used to knock those that lease but to each their own. Some people just like having something new and are willing to pay to do so.

Personally...I'll just buy a year or two old car with low mileage. The past couple of times I've done it I've wound up with a car that's basically brand new for much less than it's worth. Recently flipped my Genesis Coupe for loaded Maxima. Between my good interest rate, solid trade in and cheap sticker price on the Maxima my whole note is like 21k. I could drive it off a cliff tomorrow and wind up with like 5-6k in my pocket.

echo that. I got a similar deal.

[Drachen]

With import parts, most the profits of manufacturing going elsewhere. Modern car assembly lines don't use very many people. Automation rules.


you misunderstood. they are the most American made cars. this is determined by what percentage of their parts plus what percentage of their labor is sourced in the US.

[mavs>spurs]

leasing is a scam for ignorant people who can't afford to buy it outright in cash or at least put a big downpayment and finance the remainder. tbh scroh i think you know better..buying new cars in general is dumb imho they take a huge hit right off the lot. why not buy one gently used with 30k miles on it for half the price?

[TDMVPDPOY]

leasing is a scam for ignorant people who can't afford to buy it outright in cash or at least put a big downpayment and finance the remainder. tbh scroh i think you know better..buying new cars in general is dumb imho they take a huge hit right off the lot. why not buy one gently used with 30k miles on it for half the price?

buy new, 3rd year sell it while it still has manufacture warranty...this is common practice

[TDMVPDPOY]

And Holden uses the same V8's you find in the Camaro's and Corvettes.

yeh american engine...but exterior design they fcked it up...

i like the hsv gts senator exterior from the boot...looks basic and mean mofo, if they can get rid of the front design which is common face for all holden commo range...

[mavs>spurs]

buy new, 3rd year sell it while it still has manufacture warranty...this is common practice

with this approach you have to buy a new car at a premium every 3 years and sell it at a huge loss..they take massive depreciation soon as you drive it off the lot. when i buy a like new car and drive it for 5-6 years then sell it i come out way ahead.

[Trainwreck2100]

You done goofed op

[Wild Cobra]

you misunderstood. they are the most American made cars. this is determined by what percentage of their parts plus what percentage of their labor is sourced in the US.
Excuse me if I don't trust what ever formulation that is without seeing it.

Does it mean that it requires one US job and one US part to be called USA made?

[Blake]

Excuse me if I don't trust what ever formulation that is without seeing it.

Does it mean that it requires one US job and one US part to be called USA made?


So what formula do you use to determine if the car is foreign or domestic?


I haven't looked, but it really wouldn't surprise me to learn that Toyota is more domestic than Chrysler

[Sportcamper]

The formula to lease vs. purchase has not changed…
1- What does your accountant think?
2- Don’t have an accountant?
3- You don’t belong in a lease.

[Sportcamper]

BTW- The Toyota Corolla is a fine economical car…You did OK…

[TDMVPDPOY]

GoodOdor

u enjoy that torque rev at 1000rpms??? nice take off at the traffic lights

[Spur|n|Austin]

I've only bought, I wouldn't want all the baggage that comes with leasing.

[Drachen]

You misunderstood again. I said "the most american made car". No car is 100% american made, but Toyotas are pretty much tops. The '12 avalon is 85% made in the USA. 2nd place is a chevy express (van) which is 82%. numbe 3 was the toyota sienna at 80%. Actually the Toyota Matrix is 95% made in the USA, but they are assembled in canada, so get disqualified from the study I was looking at.

[spursncowboys]

Toyota corrola for 215 a month with 570 down.

Is it a good deal or did I get ripped off?

I'm thinking about leasing. When can you turn it in?

[Blake]

I'm thinking about leasing.

After all that has been said, of course you would.

[spursncowboys]

or trade it in?

[symple19]

The formula to lease vs. purchase has not changed…
1- What does your accountant think?
2- Don’t have an accountant?
3- You don’t belong in a lease.

:lmao

I've never financed/leased a car and never will. Nothing but used cars/trucks with one exception. Paid straight cash homey for all of em'

[resistanze]

Toyota corrola for 215 a month with 570 down.

Is it a good deal or did I get ripped off?

I just leased a Jetta last month for $165/month with 4200 down, with 1.9% interest over 36 months. I feel it was a good deal, and keeps my option open for owning another car in 3 years. And the buyout price ended up being very reasonable after the lease as well.

[Blake]

I just leased a Jetta last month for $165/month with 4200 down, with 1.9% interest over 36 months. I feel it was a good deal, and keeps my option open for owning another car in 3 years. And the buyout price ended up being very reasonable after the lease as well.

It had better be reasonable for $4200 down.

[resistanze]

It had better be reasonable for $4200 down.

:lol Well it's a Jetta. Needless to say I won't be breaking the bank if I decide to keep it in 34 months from now.

[lil'mo]

goododor leases cars ??? :lmao

[mavs>spurs]

:lmao

I've never financed/leased a car and never will. Nothing but used cars/trucks with one exception. Paid straight cash homey for all of em'

tbh

[Wild Cobra]

You misunderstood again. I said "the most american made car". No car is 100% american made, but Toyotas are pretty much tops. The '12 avalon is 85% made in the USA. 2nd place is a chevy express (van) which is 82%. numbe 3 was the toyota sienna at 80%. Actually the Toyota Matrix is 95% made in the USA, but they are assembled in canada, so get disqualified from the study I was looking at.
Is that the exception, or the rule?

[Drachen]

Is what the exception? It's been a pretty normal thing

[CosmicCowboy]

I don't ever buy new. Picked up the tricked out totally cherry certified used 4 door Z71 I'm driving now with less than 50K miles for under 25K. Went ahead and financed about 22K @ 2.25% fixed for 4 years and the payment is $400. Could have paid cash but it just didn't make sense as low as interest rates are.

[DarrinS]

I don't like leasing vehicles or buying new.

As for the OP, you didn't put much down (~2 payments), so I wouldn't say you got ripped. That said, you are going to give them 2-3 years worth of payments and not have any equity in the vehicle.

[Wild Cobra]

I don't ever buy new. Picked up the tricked out totally cherry certified used 4 door Z71 I'm driving now with less than 50K miles for under 25K. Went ahead and financed about 22K @ 2.25% fixed for 4 years and the payment is $400. Could have paid cash but it just didn't make sense as low as interest rates are.
No shit. You can invest at better than 4% easily.

[z0sa]

lol leasing tbh

[Latarian Milton]

if you keep the car for, say a year, the total fee would rise up to 3150 which would be well enough for a used corrola imho. unless your in urgent need for a car and you don't have 3k something at hand right now, you apparently got robbed