Jump to content

Leasing?

adock22096
 Share

Recommended Posts

ram1067 Enthusiast

ram1067

Posted
Posted

Im 100% in favor of leasing! No way in hell i'm paying 700-800 mth for a truck! 

Leasing gives you the option to return the POS  it or buy it.  more than likely the buy out will be 2-3 grand over with the kbb/nada value is.

 

With all the problems that are going on with these trucks i be pissed if im locked into a bank loan for 60-72 mth. 

 

Only truck i bought out was my 2006 because that's when the GOV got involved and F'ed up the lease's......i believe i paid 13k  & kbb was 18k so.......winner!

 

im in my '17 for 349. w/0 down only minimal fee's (MSRP $49k) 

 

read fine print on those 199 deals.......what is the msrp there starting with? 

 

  

 

  • Replies 49
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

aseibel
aseibel

Leasing is for those who aren't financially able to afford to purchase a new vehicle, and those who feel they need a brand new vehicle every 36 months or less.   If you do the math, you will

Jaychevy81
Jaychevy81

Yea that’s a load of crap cause you can’t financially afford it. Doctors lawyers big corporations lease every day so they can’t afford it either please. They make money off you either way. What would

sk
sk

The big thing about leasing isn't just the lower price -- it's that if you stay in leases you never have ANY repair costs.  And if you lease the higher brands (Buick, Cadillac, etc) most of them inclu

ram1067 Enthusiast

ram1067

Posted
Posted
17 hours ago, 300 Blackout said:

The actual payments are $354, but you are paying money up front to bring the payments down to $199.

Perhaps that is a useful strategy if you plan on seeking a loan or mortgage approval in the near future and total monthly payments are a factor in you approval.

I’ve leased a few vehicles and found that I didn’t modify the vehicle the way I wanted because I knew I had to turn it in. This detracted from my overall enjoyment of the vehicle.

It seems to me that you can not negotiate the price of a leased vehicle as much as a vehicle you are buying and the incentives seem better for purchases too.

Leasing before buying is a good idea if you aren’t sure you’ll like the vehicle or if you don’t want/can’t afford the payments of a new vehicle. In that case, it’s essentially a way to stretch out payments over a longer time period which may allow you to purchase a vehicle or keep payments lower. You will however probably pay more in the long run as opposed to buying it outright.


 

 

 

 


Sent from my iPhone using Tapatalk

 

 

 

X2 nailed it!

ram1067 Enthusiast

ram1067

Posted
Posted
On 8/14/2018 at 6:59 PM, texasaggies16 said:

Not a fan of leasing, normally when I see higher trimmed vehicles my first thought is oh thats lease lol.. to each their own.

you are correct ! have you see the MSRP for a loaded up 2500 or a tahoe? WOW  

duquephart Enthusiast

duquephart

Posted
Posted
15 minutes ago, ram1067 said:

Im 100% in favor of leasing! No way in hell i'm paying 700-800 mth for a truck! 

Leasing gives you the option to return the POS  it or buy it.  more than likely the buy out will be 2-3 grand over with the kbb/nada value is.

 

With all the problems that are going on with these trucks i be pissed if im locked into a bank loan for 60-72 mth. 

 

Only truck i bought out was my 2006 because that's when the GOV got involved and F'ed up the lease's......i believe i paid 13k  & kbb was 18k so.......winner!

 

im in my '17 for 349. w/0 down only minimal fee's (MSRP $49k) 

 

read fine print on those 199 deals.......what is the msrp there starting with? 

 

  

 

 

"im in my '17" 

 

But it's not yours.

ram1067 Enthusiast

ram1067

Posted
Posted

right! and the bank owns it for 60-72mths. unless you pay CASH, which  very few people can do this!

8 minutes ago, duquephart said:

 

"im in my '17" 

 

But it's not yours.

 

aseibel Senior Enthusiast

aseibel

Posted
Posted

Leasing is for those who aren't financially able to afford to purchase a new vehicle, and those who feel they need a brand new vehicle every 36 months or less.

 

If you do the math, you will always end up paying more in the long run to lease than if you had bought it outright. They pull the wool over your eyes with lower monthly payments, (but there are more payments) and there are a lot of shoppers who only care about the monthly cost. If you lease with the intent to buy, you will still likely pay more than if you just got the 60 month loan to start with.

 

My truck costs me 0$ monthly except for gas and insurance, which you also have to pay for.

And I plan to keep it for many more years.

So go ahead and lease if you want to, just be aware of the actual costs before you sign.

  • Like 5
Donstar Senior Enthusiast

Donstar

Posted
Posted

Leasing can be the right choice for a variety of reasons.  The least valid reason, imo, is because you couldn't otherwise afford the payments or to buy outright.  I would be more proud owning a '14 WT than leasing a '18 HC.  

ram1067 Enthusiast

ram1067

Posted
Posted
30 minutes ago, Donstar said:

Leasing can be the right choice for a variety of reasons.  The least valid reason, imo, is because you couldn't otherwise afford the payments or to buy outright.  I would be more proud owning a '14 WT than leasing a '18 HC.  

Amen!!!  that's why i bought my 06! and probably the last one i'll buy!!!  lease it and drive the shit out of it and return the pos! 

 

They just don't build them like they did back in the day!  lot more fluff then tough!! just my 2cents.......oh by the way i've leased 6 trucks and 10 other gm vehicles!

 

people say "you don't build equity", i disagree......NEGATIVE EQUITY!!!  to each their own!

 

 

Jaychevy81 Enthusiast

Jaychevy81

Posted
Posted

Yea that’s a load of crap cause you can’t financially afford it. Doctors lawyers big corporations lease every day so they can’t afford it either please. They make money off you either way. What would it matter if you leased for 36 months then financed it for 48 after that with a great interest rate. Don’t matter either way you can talk pennies to dollars. In the end you can’t take that money you saved with you when you go. Do what you feel is best for you.


Sent from my iPhone using Tapatalk

  • Like 3
Donstar Senior Enthusiast

Donstar

Posted
Posted
1 hour ago, Jaychevy81 said:

Yea that’s a load of crap cause you can’t financially afford it. Doctors lawyers big corporations lease every day so they can’t afford it either please. 

I'm not sure if this comment was intended to support or contradict my earlier comment.  Doctors, lawyers and big corporations are examples where leasing can actually be financially advantageous.  Individuals may also find leasing preferable for personal or budgeting purposes.  My point was that I would not lease as a way to drive a vehicle I couldn't otherwise afford. No crap.

  • Like 2
Jaychevy81 Enthusiast

Jaychevy81

Posted
Posted
I'm not sure if this comment was intended to support or contradict my earlier comment.  Doctors, lawyers and big corporations are examples where leasing can actually be financially advantageous.  Individuals may also find leasing preferable for personal or budgeting purposes.  My point was that I would not lease as a way to drive a vehicle I couldn't otherwise afford. No crap.

Not you man no sweat


Sent from my iPhone using Tapatalk
duquephart Enthusiast

duquephart

Posted
Posted

There is a reason dealers are so fond of leasing and payment customers in general. What's good for the dealer is usually not good for the buyer.

  • Like 1
DEV1ST8R Enthusiast

DEV1ST8R

Posted
Posted

I can see the appeal of leasing, but I much prefer owning, being able to customize, and not having a monthly payment. I paid my 2009 off and thoroughly enjoyed being payment-free the following 6 years.

sk Senior Enthusiast

sk

Posted
Posted

The big thing about leasing isn't just the lower price -- it's that if you stay in leases you never have ANY repair costs.  And if you lease the higher brands (Buick, Cadillac, etc) most of them include oil changes and inspections.  So the only thing you are responsible for over the life of the lease is normal wear-and-tear like brakes and tires but since most leases are around 3 years you won't wear either of those out in that time.

 

It really depends on how long you are planning to keep the vehicle.  If you want a new vehicle every 3 years and don't want maintenance costs it make sense to lease.  If you will be keeping the vehicle for more than 10 years you may end up with some high maintenance costs but the monthly buyout payments after the lease is up may add up to more than you would spend on repairs.

 

Leasing is actually good for the used market as well.  Many vehicles coming off lease are sold as GM Certified and come with an extended warranty.  Also unlike rental units a leased car needs to be taken care of or the original Lessee will lose their deposit.  Because of this they are usually in pretty good shape both mechanically and cosmetically.

  • Like 3
mpouls1 Enthusiast

mpouls1

Posted
Posted
The big thing about leasing isn't just the lower price -- it's that if you stay in leases you never have ANY repair costs.  And if you lease the higher brands (Buick, Cadillac, etc) most of them include oil changes and inspections.  So the only thing you are responsible for over the life of the lease is normal wear-and-tear like brakes and tires but since most leases are around 3 years you won't wear either of those out in that time.

 

It really depends on how long you are planning to keep the vehicle.  If you want a new vehicle every 3 years and don't want maintenance costs it make sense to lease.  If you will be keeping the vehicle for more than 10 years you may end up with some high maintenance costs but the monthly buyout payments after the lease is up may add up to more than you would spend on repairs.

 

Leasing is actually good for the used market as well.  Many vehicles coming off lease are sold as GM Certified and come with an extended warranty.  Also unlike rental units a leased car needs to be taken care of or the original Lessee will lose their deposit.  Because of this they are usually in pretty good shape both mechanically and cosmetically.

 

Agreed. Leasing isn't just for those who maybe can't afford to purchase and need lower payments.

 

This is the exact reason why we lease our Escalade and purchased the Silverado. I plan on keeping the truck as it replaced Old Blue, a 2003 Silverado. The SUV is for the wife and it's nice not dealing with extended warranties and warranty work, etc.

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.

  • Forum Statistics

    250.4k
    Total Topics
    2.7m
    Total Posts

  • Member Statistics

    342,759
    Total Members
    8,960
    Most Online
    DM22
    Newest Member
    DM22
    Joined

  • Who's Online   6 Members, 1 Anonymous, 1,706 Guests (See full list)

  • Latest Articles

  • Posts

    • SFC Retired
      2023 DRW Wheel Liners

      By SFC Retired · Posted

      Did have to make 1 modification because of the WeatherTech rear mud flaps and that was needing 3 longer screws than what came with the install package. 😄
    • SFC Retired
      2023 DRW Wheel Liners

      By SFC Retired · Posted

      Picked up the liners yesterday. Installed passenger side WITHOUT any modifications. All mounting holes lined up perfectly. Rain is interfering today with drivers side. Very Happy! Will add pics when finished
    • KARNUT
      OCI, not when but why?

      By KARNUT · Posted

      As a matter of amusement I’ll leave this conversation with this. Do you beat the government average fuel estimate? Statistics are a guide to me. Not a rule. Someone once said I have to have the last word. If true and possible may be. I’ll blame that on working in a family business.
    • bluev8
      Intermittent no-code issues on 2022.5+ V8 trucks — what did the shop fail to capture?

      By bluev8 · Posted

      That is a fair point, and I agree that trying to log “everything in the truck” would be the wrong direction.   There are a lot of modules and a lot of traffic. If the product became a full-truck datalogger, the amount of data would get huge very quickly, and most owners would never use it.   I think the first useful version would need to be narrow: - powertrain-side event evidence - selected high-value parameters - communication / voltage / reset events - pre/post event window - short report first, raw log only as backup   One distinction I should make is between active OBD/PID polling and passive bus capture. If you are polling PIDs through OBD, then yes: the more parameters you request, the lower the effective sample rate becomes, and you are adding diagnostic traffic to a vehicle that is already busy running itself. With passive CAN capture, the recorder is not asking all the modules for data. It is listening to traffic that is already on the bus. So it does not consume vehicle bus bandwidth in the same way that a scan tool polling hundreds of PIDs would. But your point still applies in a different way.   Even if passive capture does not add bus traffic, the recorder still has limits: - processing rate - storage rate - timestamp accuracy - decoder workload - event filtering - report size - user attention span   So the answer cannot be “log everything and let the user figure it out.” The product would need to store enough raw evidence to be useful, but only decode, graph, and present the important parts around the event.   A practical report should probably show: - what triggered the capture - how much pre/post data was preserved - which selected parameters changed - how those values compared to baseline - whether the same pattern happened before - whether any voltage, reset, bus-off, lost-message, or communication fault occurred - selected graphs around the event - raw data only as supporting evidence   So I agree with you. More data is not automatically better. The real product is the reduction from raw data into a useful event report.
    • bluev8
      Intermittent no-code issues on 2022.5+ V8 trucks — what did the shop fail to capture?

      By bluev8 · Posted

      That makes sense, and I agree with most of that.   I think the product would need both: 1. a default powertrain template, so it is useful out of the box; 2. user-selected priority parameters, so the owner or shop can choose what they want to see first.   Different users are going to care about different things. One owner may care about oil pressure and voltage. Another may care about misfire trend, AFM/DFM behavior, or U-codes. A shop may want communication events and repeatability first. Your baseline point is probably the most important one. Raw data is not very useful unless the report can show what normal looked like for that vehicle under similar conditions.   The way I would think about it is: - start with a basic known-good baseline - learn normal behavior for that specific vehicle over time - allow the event to be overlaid against baseline - show whether the event was a one-time spike or a repeatable pattern - provide a simple severity level, but with clear limits on what that severity means   For example, early severity could be something like: - Info: event captured, no obvious abnormal pattern - Watch: value moved outside baseline, but not repeated - Warning: repeatable abnormal pattern under similar conditions - Critical: communication loss, voltage drop, bus-off, reset, or severe repeated event   I would not want the first version to say “replace this part.” That would be overclaiming unless there is repair-confirmed data behind it. It would be more honest to say “this pattern deserves inspection.”   On the OBD port question, I think OBD absolutely has a role. OBD is probably the right place for: - DTCs - freeze frame - VIN - calibration information - normal scan-tool parameters - Mode 6 / enhanced diagnostic data if available The reason I am still looking at an ECM-side recorder is that the failure may happen before anyone connects a scan tool. If the owner plugs in a scanner after the event, the pre-event evidence may already be gone unless the ECU happened to save it. So I do not see this as “OBD versus ECM-side.” I see it more like: - ECM-side recorder: always armed, rolling buffer, event evidence - OBD/DLC companion: DTCs, freeze frame, VIN, calibration, normal scan data - phone/cloud: status, notes, upload, report generation, notifications   I agree that phone connection and push notifications would be useful. I just would not want the phone or cloud connection to be required for capture. The recorder should save the event locally even if the phone is not connected. The phone should help with event marking, download, notes, upload, alerts, and report viewing.   For a default GM V8 event report, would this list make sense? - RPM - calculated load / MAP - throttle position - vehicle speed - gear / torque converter state if available - coolant temperature - oil pressure - oil temperature if available - battery voltage - commanded AFM/DFM state if available - actual AFM/DFM state if available - misfire counters / roughness by cylinder if available - fuel trims - relevant U-codes / communication events - bus-off / lost periodic message / module reset / voltage drop events Which of those would you remove, and what would you add?

  • GM-Trucks.com Clubs

  • Popular Contributors

×
×
  • Create New...