@adamcar [quote=“adamcar, post:4, topic:16704, full:true”]
Do you think it is better to lease perpetually, buy new and keep for 10 years, buy used and keep for 8 years, or just depends.[/quote]
I would say that it depends on your personal situation. Your budget for transportation/maintenance, desire to drive something new and attitude towards finances in general. Making the final payment on a vehicle and being free from the monthly payment is a great feeling and allows you to divert that expense elsewhere. But if are able to budget a set amount of money for the foreseeable future and live comfortably in that range, you can drive a newer car (0-3 years old) for as long as you choose to or for as long as the lease prices stay within your budget.
Attractive is all relative. I don’t put much value in MSRPs and the common train of thought here to use 1% of MSRP as a barometer is not a great scale. Some OEMs are more aggressive with their MSRPs than others in the same segment but they rely on incentives and dealer discounts to get to a similar transaction price. Infiniti comes to mind here. They have juiced up MSRPs but heavy incentives/discounts so the monthly payment/MSRP looks better than other brands that has a different pricing strategy.
There have been some $15k-20k incentives in the past on vehicles like S Class, 7 Series, A8 when they are trying to sell down the old model year while they still have a lease program in place. As a % of MSRP, this is similar to a $6-8k incentive on more bread and butter segments.
This is a quantitative analytics field so take and classes you can (online there are lots) about stats, economics, data science, econometrics, forecasting and then learn how to tell a story with data. This is all about making a case for a specific position and backing it up with data. Make sure you are an Excel/SQL guru. Every shop that does this type of data will have so many legacy processes and datasets that are brought into Excel via SQL or straight flat files. Learn Tableau (or other BI visualization tools), Alteryx (or other data blending tools), R (and or Python and possibly SAS, depending on who you are trying to work for). Read everything you can about the auto industry, remarketing and auto finance. There are trade magazines you can visit daily to get a pulse on the industry. If you can load up your resume with those types of skills, then you will get some more eyeballs on your resume in the event that one of these jobs opens up. Network, network, network via LinkedIn. You’ll want to learn who the people are that are in this field and you can find them via LinkedIn.
This is a tiny niche within the auto/financial services industry so there are rarely entry level jobs that open up in the RV setting. Your best bet is to get a foot in the door at one of the non-OEM, non-captive companies that tend to hire entry level and train. Salaries there start in the 50k-80k range, depending on your skillset. So that would be a move to LA to try and work for Edmunds, KBB or ALG. Or you could try to get a foot in the door at Cox in the Atlanta area. They own Blackbook and several other companies. JD Power (formerly NADA Guides) also has an RV team in Virginia.
Or you can try to get a job at a captive, OEM or 3rd party lender. Dallas has the highest concentration of RV groups for a metro area so it would be good job security to get in with one of the companies there (TFS, GM Financial, Exeter, Cap1 and many smaller ones). Ally is in Phily, US Bank is in Cincinatti, World Omni (SE Toyota) is in FL, Mercedes and Porsche are in Atlanta. Cadillac, VW Credit is in Virginia, BMW, Jaguar, Land Rover, Chase, Volvo are all in NY/NJ. Hyundai, Kia, Mazda, Hyundai Capital are in Orange County.
You can look up specific salaries for Risk Manager, Risk Analyst, etc. in those metro areas to get a general idea of what is realistic for these types of jobs. Top end with multiple decades of experience at various ends of the industry and you are looking at 200-400k plus bonus and occasionally a pension. You’ll have great job security for as long as you want to work since there are roughly 100-200 people alive that can do this for a lender.