“no credit check must have full coverage insurance”
No credit check however a mental health evaluation may be in order. 
3 Likes
You can lease this BMW 5 Series for $1,138.00 a month for 25 months . 
Something is weird about the mileage. First of all it’s weird to say almost all the allowance is left with 18k miles. Second they say 36k total but current plus allowed = 41k?
We absolutely love this car but got laid off less than a week after the purchase.
2 Likes
At least the dealer threw in a nice big red bow with the lube job
6 Likes
Doesn’t even have convenience package.
You could lease mine for $690/mo less.
1 Like
Less than a week? These guys had NO idea their job was in danger? No wonder the deal is terrible. No planning, terrible foresight, probably don’t understand how to negotiate and no business sense…
1100 a month for a 530 is pretty killer.
7 Likes
In my experience, the same bad judgement that leads to a lease like this can also lead to an “unexpected layoff”. “Fired for cause” just does’t sound as nice.
2 Likes
Foolish lease aside, are you mocking someone who lost their job? People lose their positions all the time with little to zero notice.
3 Likes
It’s a crappy place to be but I think the insinuation is that they brought it upon themselves using the same judgement that led them to sign such a horrific lease.
Their payment almost certainly would have been lower had they just financed the damned thing (Unless they did something equally as foolish as rolling a ton of negative equity into this lease) — Speaking of which: This has to be one of the most basic equipped 5e’s I’ve seen to date. The weird mileage almost certainly tells me this was likely a loaner or demo so it’s likely it had a lower residual to begin with.
2 Likes
I think the larger point is: what’s the value of speculating about some stranger’s misfortune on an internet car leasing message board? Does it make you feel good? Congrats, you did better than this poor dude who now has no job and an astronomical car payment!
5 Likes
Agreed. The link between the two (this lease and their getting laid off) is so theoretical you’d need a hadron collider to find it.
3 Likes
It pains me to see people make financial mistakes like this only to lose their livelyhood.
In any case, this thread’s theme is geared toward making light of such poor decisions. SAL is generally good for a reflection of your average deal and just how fortunate we as a collective are at LH to be learning how to lease smart and putting it into practice.
2 Likes
He’s not mocking anyone, if you read the post, the OP posted verbatim, what @trism posted here.
He was merely calling attention to it as that statement can provide insight as to how an individual arrived at such a poor financial decision in the first place. While it’s true that people lose their jobs with zero to no notice, I’m more than willing to bet that if an individual had the money to support a 1,100 dollar a month lease payment in the first place that More than likely work in a field where that pays very well and in my experience, jobs that pay enough to support 1.1k dollar a month car payments frequently are not the jobs that result in zero notice employment terminations.
What I’m trying to say is, the chances are good the individual either works in a high-commission field or in management. Either way, an astute individual in those fields should have had the critical thinking skills to figure out “hmmm, this company or I, am not performing very well, organization restructuring may happen soon.”
6 Likes
To me it’s more saddening. Just imagine paying 1100 bucks for a basic 5 series.
My guess is they rolled in negative equity from there previous car. Maybe a car on a 84 month loan.
I think the main reason the general public gets ripped off on a lease is the down payment. They think it’s the same as financing a car…and thus they don’t negotiate the selling price and pay a much higher MF. All while the seller keeps the monthly payment in their desired range by asking for more down.
No, I’m mocking someone who agreed to a $1,138 car payment while having insufficient savings to weather one of life’s inevitable downturns.
1 Like
Life is unpredictable and for most folks even if you keep 1-2yrs of fixed expenses banked one bad illness can send you straight to the poorhouse.
1 Like
Most people don’t have 1-2 years worth of expenses in savings.
Most people never get a serious illness that’s exorbitantly expensive to treat.
Of those who do, most have private insurance.
Of those who don’t have insurance, most qualify for Medicaid or some other type of assistance.
For those who somehow can’t get relief in any of those ways, our laws allow for an orderly bankruptcy.
But none of this has anything to do with a couple agreeing to $1,100 monthly payment on a car they clearly couldn’t afford.
1 Like
Anyone look at the window sticker? That BMW is almost completely base too.
Quote: “Our loss is your gain”
Well, that is one way to put it.
Imagine these ads were more honest - “You be the sucker, our lease is atrocious, please take it… Your loss is our gain”
1 Like
