View Poll Results: Do you lease, finance or pay cash for cars?
Lease
7
8.86%
Finance
15
18.99%
I own my cars, CASH!
57
72.15%
Voters: 79. You may not vote on this poll
Do you lease, finance or pay cash for your cars?
Jan 24, 2011 | 04:41 PM
#92
Teamspeed's Howitzer
Joined: Oct 2009
Posts: 12,273
I understand your point but given that I was speaking from a legal perspective about a technicality, in the state of Ohio, I am fairly certain I'm correct. A jury in NY has no bearing on OH motor vehicle law. That is a state issue not a federal one. Further, that's a blanket statement for a variety of reasons not the least of which would be the questions regarding the language of the leasing contract.
¿En inglés, por favor?
¿En inglés, por favor?
MARK- you are NOT the typical buyer. Clients such as you account for a small % of the actual buyer segment.
Jan 24, 2011 | 06:49 PM
#94
Banned
Joined: Jun 2008
Posts: 4,846
Yes if you take the note the whole way and they were only offering that on the $150-175k plus Turbo's(Cars that cost Porsche $60k to produce). As I stated it's really just pre-paid interest. Total gimic that works in Porsche's favor in this instance. Most of the guys that take the loan pay full boat and sell the car in 2 years. Win Win Win for Porsche. Porsche keeps their $15k to start out with and makes 1.9% off the poor guy that is paying on a depreciating asset. Not that almost every car I own hasn't lost value but I knew this before I purchased them and understood full well the HIT I was going to take.
rabble rabble rabble.
rabble rabble rabble.
or 
The price of the car. 6k off most likely meant you still had some room. We bought our Tahoe 2 years ago with $12k plus off in kickbacks or incentives.
That's all I meant. The price of the car includes the interest. Our Tahoe at the time had a was MSRP $53k while a Denali was $55k at the time. I wrote a $40k check plus tax. So If I would have financed it at $47k even showing a $6k deduct on the truck GM still got $7k more than I paid cash.
That's all I meant. The price of the car includes the interest. Our Tahoe at the time had a was MSRP $53k while a Denali was $55k at the time. I wrote a $40k check plus tax. So If I would have financed it at $47k even showing a $6k deduct on the truck GM still got $7k more than I paid cash.
The margin or rebate = prepaid interest is killing me.
What if I finance my Tahoe through JPMorgan which allows me all the cash rebates so I get 12k off and a super low rate which is below inflation? One step further:
The funniest part in all of this is that everyone things paying cash gets you the lowest sale price.
Jan 24, 2011 | 06:50 PM
#95
I give good hugs. Bo, you're first.
Joined: Jan 2010
Posts: 3,160
From: Beyond the lighted stage
j/k I understand what you're saying. My S-mom and Dad argue all the time about leasing vs. purchase. She is adamant about the 'but you don't own it!!!' B_ _ _ _ R
Jan 24, 2011 | 06:59 PM
#96
Rolex Fanboy
Joined: Feb 2008
Posts: 8,638
From: In a dream....please don't wake me
I hate to pull a yox on you. But margin is now prepaid interest? I don't know whether to or
You're making my head hurt.
The margin or rebate = prepaid interest is killing me.
What if I finance my Tahoe through JPMorgan which allows me all the cash rebates so I get 12k off and a super low rate which is below inflation? One step further:
or You're making my head hurt.
The margin or rebate = prepaid interest is killing me.
What if I finance my Tahoe through JPMorgan which allows me all the cash rebates so I get 12k off and a super low rate which is below inflation? One step further:
I do not believe anyone that arranges finance anywhere else is prepaying anything. If you think you will get 0% interest on a vehicle with the same purchase price as someone that has paid cash you have another thing coming. So yes it's prepaid interest (in a sense) for Ford or GMAC. You can call it margin. You can call it lack of cash incentives. I'll call it paying to use their money. Interest, fees, etc.
I should have just said you will pay for the financing somehow. Whether I call it interest or you call it margin. When we discuss 0% thru the manufacturer they get their money for loaning you the money.
Jan 24, 2011 | 07:05 PM
#97
Teamspeed Pro
Joined: Feb 2009
Posts: 2,595
From: ATL
I hate to pull a yox on you. But margin is now prepaid interest? I don't know whether to or
You're making my head hurt.
The margin or rebate = prepaid interest is killing me.
What if I finance my Tahoe through JPMorgan which allows me all the cash rebates so I get 12k off and a super low rate which is below inflation? One step further:
Then I really come out ahead.
The funniest part in all of this is that everyone things paying cash gets you the lowest sale price.
or You're making my head hurt.
The margin or rebate = prepaid interest is killing me.
What if I finance my Tahoe through JPMorgan which allows me all the cash rebates so I get 12k off and a super low rate which is below inflation? One step further:
Then I really come out ahead.
The funniest part in all of this is that everyone things paying cash gets you the lowest sale price.
Jan 24, 2011 | 07:08 PM
#98
Teamspeed Pro
Joined: Feb 2009
Posts: 4,719
From: So Cal - Agoura Hills
I usually buy used CPO'd car's 1-2 years old and lately have been taking advantage of 2.9% financing with BMW, and Audi on their CPO's. Some of the cheaper cars I've had that were less than 20k, I'd pay Cash for, but I figure with low rates on a used car with a 6yr/100k mile warranty that have already taken a big hit, its makes the most sense. I just like seeing Money in my Bank Account
Jan 24, 2011 | 07:37 PM
#100
Banned
Joined: Jun 2008
Posts: 4,846
