Is it bad to focus on low monthly payment when leasing a vehicle considering I do not want to purchase at lease end and do not want to go through all the negotiation process ? Right now just cannot afford the higher monthly payments for a purchase.
Thank you!
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djrabbi
November 28, 2023, 2:13pm
2
Low payment means the car needs to be heavily discounted at buy rate or you have to put ton of money down.
I wouldn’t go in thinking you want a low payment. This is how dealers get you and seriously upside down deals
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trism
November 28, 2023, 2:31pm
3
A purchase of what?
If resources are a constraint, start here:
Given the prices of most leases right now, I think it would be an interesting discussion on what reliable car one could buy for $10k with under 100k miles to hold you over for a year or so until chip shortage ends and prices start to “normalize”.
What would you get?
Serially leasing new cars doesn’t make the most financial sense for most people most of the time, although it’s obviously a nice luxury.
But it’s also among the more effective ways to avoid wealth accumulation and upward financial mobility.
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max_g
November 28, 2023, 2:41pm
4
In theory that might be fine but outside a couple EVs does a low monthly payment even exist?
Can you cite some examples of what you’re looking at?
trism:
Serially leasing new cars doesn’t make the most financial sense for most people most of the time, although it’s obviously a nice luxury.
But it’s also among the more effective ways to avoid wealth accumulation and upward financial mobility.
Thanks so much for your reply. Currently looking at a 24 Tucson Ltd. Like a mid size suv. I do like the comfort features in the Tucson Ltd. Our last vehicle was leased and prior to that I owned a fabulous Ford Flex. I just dont know what to do at this point because we do need a vehicle and I keep procrastinating. I hate negotiating and going through the whole process!
trism
November 28, 2023, 3:02pm
6
Renting a new $40,000 car for 3 years is a luxury.
I’d revisit your original premise that you cannot afford payments on a purchase.
Perhaps that purchase.
But not a purchase of something that’ll reliably get you around.
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max_g
November 28, 2023, 3:05pm
7
K so where did you see you can get a low monthly payment on a Tucson Limited?
brklynbubs:
Ford Flex
The original Karen-Mobile aka the “i wanna speak to the manager” starter pack
Seriously? Why post a nasty comment?
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mllcb42
November 28, 2023, 3:36pm
10
Negotiating is how you get a low payment…
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aronchi
November 28, 2023, 3:36pm
11
brklynbubs:
fabulous Ford Flex
excellent use of alliteration, despite all of its fallacies.
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that car took a beating. Travelled up and down the East coast and was extremely reliable for a family who took a lot of road trips…
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trism
November 28, 2023, 3:39pm
13
Also an interesting design compared to all of the other SUVs that look like they were carved from the same bar of soap.
Everyone on the forum gets roasted from time to time…dont take it personally
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aronchi
November 28, 2023, 3:40pm
15
brklynbubs:
that car took a beating
based on what it looked like, it deserved to be beaten.
Are you a family that still takes a lot of road trips?
If so leasing may not be for your needs when it comes to miles needed per year.
no longer taking road trips…commute to work - which isnt far from home and an occasional road trip. Kids are grown and on their own…
forbs
November 28, 2023, 3:55pm
18
Assuming Zero Due at signing
If a Gas, the min is $350/m like a Hyundai
If an Electric, the min is $300/m like a Hyundai
If you can’t afford 300, then don’t even look at leasing.
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I appreciate your response, thank you
Ah, missing the old good days you could lease a civic for 99/mo