Worst leases you've seen

Personal attacks are unnecessary.

It’s not just that but a matter of simple math and common sense. Simple multiplication shows you that the payments are almost as much as the MSRP of the car, let alone you can’t possibly believe that a large amount of people driving around Hondas are paying $900 a month (or that the majority of people in general pay anywhere near that).

3 Likes

I think we should help people who gets into this situation and hopefully next time they have more experience dealing in their next lease.

3 Likes

i agree. WE need more people like dotmike24 who is man enough to help someone out. May God Bless you mike.

I don’t get joy from reporting poor leases; it needs to be brought to this thread as a cautionary tale for people in the future.

However, there’s a difference between “innocent” and “uninformed.” When people walk into a dealership they are going to try to squeeze every cent out of you, and they prey on the uninformed. Some people have to learn the hard way through experience, and unfortunately for you, you learned the hard way.

@dotmike24 There no real way to help people after they’ve signed the contract. Maybe have a pity party but in reality they are adults who willingly signed a contract that spells out everything. We can help before the signature hits the paper, but there’s not really much we can do after the fact. Hopefully they can learn how to better approach what is usually one of the biggest financial commitments that people undergo (aside from a home mortgage) and be a bit more prepared next time.

5 Likes

but in reality they are adults who willingly signed a contract that spells out everything

I’ve heard that after 2008 debacle and in every lawsuit thrown around people scream they were uneducated victims and didn’t understand what they were signing. And government had to issue new rules how new mortgage (and other) loans document should look like so that such consumers would better understand.

Agree completely, big difference between uninformed and innocent. It’s on an individual to handle their finances. If my AC unit breaks down, I don’t expect the guy milking me on a new one to be the individual that educates me on it, that’s on me.

I get the sense that the Pilot leaser walked into the dealership with the mindset that they were going home with a new car; that spells disaster in almost any circumstance if you haven’t already been in touch with the dealer and knew what you were walking into, which prob isn’t the case here.

You learn best from experience, use the lesson for your next car. My 6 year old lost his Nintendo Switch a month ago, he was miserable for a few days afterwards and has now gotten over it, although still bummed. I ask him everyday; “what did you learn?” He responds, “I need to be more careful with my things and know where I put them, and put them in safe places.” I’ll continue to drill this lesson home until maybe his next birthday when I’ll get him a new one.

Know what you’re walking into, know the numbers, know the incentives, know the going market and hackr rates, and be prepared; lesson learned.

A good percentage of dealers will fleece you if you’re uneducated, while there are some good apples out there, there are more than enough landmines too. This is a community that won’t be fleeced.

8 Likes

Maybe it’s the privilege of having the means and wherewithal to just say no talking…

But one should never shop when you need or really want a car. I turn off all emotions when walking a deal through. Unfortunately for most this is a hard ask.

5 Likes

2019 Kia Stinger GT AWD.

I just saw a commercial for a G90 but didn’t get a chance to take a picture. They said it was $689 a month with “only” $8,089 down, so effectively over $900 a month!

Never shop at the grocery store when you are hungry…It is best to go after you have just left the all you can eat Golden Corral buffet and the thought of food is revolting🤪

3 Likes

Or live near markets and shop fresh. Heheh.

:sleepy:

1 Like

I never understand people that say, “I need a car this week”. You can Uber or just rent a car for a few hundred bucks for the week. No one actually “needs” a car today.

1 Like

eh… I was in a rare situation a few years ago where I needed a car “this week”. Lived in a small town in the midwest when during summer, my 12-year old Accord’s transmission just died. Won’t shift into second year at all. Borrowed a car from a friend for a couple of weeks and looked around for used cars. Unfortunately, if u live in a town with less than 100k people, its really hard to find a car. If you have ever rented cars in small towns, which go for $50 a day… u can see where this is going.

You bought an ancient but reliably boaty Mercury Grand Marquis whilst you hunted for a truly amazing leasehackr worthy deal?

1 Like

Ok $50 a day for a week is $350. A week can get you a good deal on a lease. Don’t follow your logic.

Try explaining that to a 22-year old immigrant with almost zero credit with no idea about american financial products?

4 Likes

Pretty sure all Mercedes A-class leases could go here

6 Likes

This individual shouldn’t be leasing anything, then, without a broker.