Been "car shopping" lately?
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Travelover
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Some good tips. I don't agree with his recommendation to lease, however. It is a convenience, but it won't save you money if you keep cars like I do, for 10 years.
Pilot
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Leases are a lousy deal if you drive many miles-the mileage charge at the end of the lease will be far more expensive than the mileage depreciation on a car you own. And if you do the smart thing and keep a car for a long time you'll be way ahead of the game. Repairs are far cheaper than car payments. And having a new car doesn't guarantee you won't have repairs--they may be covered by warranty but the car will be in the shop where you can't use it.
Bird
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I've checked into the leasing option many times and could never find a way to make it a good deal.
deerseeker001
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I bought a 2012 Chevy with 7000 miles this summer was a rental glad it done would rather go to Dentist than go thru the process of buying Car.
kenmac
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lease = getting fleeced. I don't lease my company trucks. I own them
dave1949
Super Star Member
Leasing allows a person to drive a late model car without having a lot of money tied up in it. If a person doesn't mind car payments forever, then turning over one lease car after another means always driving a newer car.
I've never leased, but I think that is the attraction.
I've never leased, but I think that is the attraction.
nc redneck
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Car dealers have little mark up on the low end 15.000 to 30,000. Around 2500.00 or less. Paying cash is a disadvantage as they make money on trade in and financing. On the high end it is very different.
Case in point fixing to buy 2013 Kia Sorento with 1500 miles for 25,500 probably less than the 29,000 it could be bought from dealership new, but not a great deal or steal.
This year bought a 2013 3500 LTZ loaded out sun roof, navigation, all the good stuff. List was 64,000+ got it for 56,000 plus a thousand in free parts because I am small business owner. It was part of snow plow package.
So ended up with GM mud flaps and nice grill guard. Stuff I would have never bought on my own.
Case in point fixing to buy 2013 Kia Sorento with 1500 miles for 25,500 probably less than the 29,000 it could be bought from dealership new, but not a great deal or steal.
This year bought a 2013 3500 LTZ loaded out sun roof, navigation, all the good stuff. List was 64,000+ got it for 56,000 plus a thousand in free parts because I am small business owner. It was part of snow plow package.
So ended up with GM mud flaps and nice grill guard. Stuff I would have never bought on my own.
s219
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I leased one car and it worked out cheaper than financing at the time. The main problem with leasing is that I needed to put together a pretty complex spreadsheet to wrap my head around the lease calculations and make sure I wasn't getting ripped off while haggling over the deal. If you don't have time/energy to do that, it's a big black box and you will probably get ripped off.
MacLawn
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Nope, rw, you're (notice, not "your") not right. Maybe a 19 year old might act like that. And, even though the older man you mentioned thought his trade was more valuable than it was, I would not have appreciated your response using the cell phone analogy.
We all understand dealers have to make a living. And, Saturn didn't go belly up because of no hassle selling, but because their product was not good compared to competition. Sales people and marketers don't seem to understand that it's QUALITY product that equals long term profit. You can market a plastic parakeet and make a few bucks for a short time.
Anyway, yes, there is a reason we buyers LOATHE going to a dealer. And it's not our fault. Somewhere way back, dealers made the vehicle buying experience probably the worst experience a consumer has.
Having said that, I have had two, I think it was, good car buying experiences at dealers.
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rwork
Platinum Member
In case you did't realize it, that comment was made "tongue in cheek" (humorus). Just trying to lighten up the atmosphere a bit. Sorry you didn't get it.
Good one MacLawn 
but that sales guy just wont give up.........
I only bought one new car, back in 1990 for the wife ( ex ). I wont buy a new vehicle now, its just such a monumental waste of money. I maintain my older chevys and am very happy with them.
but that sales guy just wont give up......... I only bought one new car, back in 1990 for the wife ( ex ). I wont buy a new vehicle now, its just such a monumental waste of money. I maintain my older chevys and am very happy with them.
rwork
Platinum Member
Good one MacLawn
I only bought one new car, back in 1990 for the wife ( ex ). I wont buy a new vehicle now, its just such a monumental waste of money. I maintain my older chevys and am very happy with them.
Davo, I "that sales guy", have not been involved in this thread for nearly a month. But when a comment is directed at me specifically, I will reply.
Randy, I didn't take what he said as a "slight" towards you? more towards the analogy you used earlier in the thread. Same for davo's post, I don't know if he has read the whole thread to tie you as the "sales guy". I could be totally wrong though, just how I took their post.
Personally, I would like a dealers, or vehicle salesman's, honest contribution to this thread. Buying a vehicle is a big commitment and for some reason over the years it has become one of those "loathed" outings and honestly, I put most of the blame on the industry.
Watched a prime time news program a week ago, they showed how in the used vehicle market, just how unscrupulous dealers have been, mostly the small "tote the note " type lots, but even many large dealers. It was based on vehicles salvaged from Katrina and how they have flooded the used car market, especially bad on the upper East coast. All to make a buck on unsuspecting buyers??
Personally, I would like a dealers, or vehicle salesman's, honest contribution to this thread. Buying a vehicle is a big commitment and for some reason over the years it has become one of those "loathed" outings and honestly, I put most of the blame on the industry.
Watched a prime time news program a week ago, they showed how in the used vehicle market, just how unscrupulous dealers have been, mostly the small "tote the note " type lots, but even many large dealers. It was based on vehicles salvaged from Katrina and how they have flooded the used car market, especially bad on the upper East coast. All to make a buck on unsuspecting buyers??
Ken
Veteran Member
Dennis there used to be maybe still is a Chevy dealer in San Antonio ,Texas back in the '60 that asked those who stopped in to look at cars if they could look at the title of vehicle they were driving just to check being legal.
Mostly military type from the base .
This title was never to be found again. until after purchasing a car using your trade in as a down payment and 25% of salary as monthly payment.
ED Black's dealership
ken.
Pilot
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Here I am again preaching the pay only cash approach. From Edmunds, a $30K car will cost $35,680 after $1,000 down and 5 years of payments and you then have a 5 year old car, feeling like you need a new one. Too many people then ask, "How much can I afford in a monthly payment now, so I can buy new again?" Someone once said, "The borrower is the slave to the lender..."
And don't forget all the depreciation you lose, much more on a new car than a used one.
Start with or keep a 5 year old car, budget $1,000 per year for repairs, probably more than you will need, drive it for 5 years, then buy new for cash and you'll be far better off in the long run.
That money is YOURS, don't just give it to a dealer so you can drive around proud for a month when the newness wears off.
And don't forget all the depreciation you lose, much more on a new car than a used one.
Start with or keep a 5 year old car, budget $1,000 per year for repairs, probably more than you will need, drive it for 5 years, then buy new for cash and you'll be far better off in the long run.
That money is YOURS, don't just give it to a dealer so you can drive around proud for a month when the newness wears off.
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