General Car Conversation
06-30-23, 07:25 AM
#4951
Lexus Champion
speaking of getting a car, my santa fe work vehicle lease is up next feb. the dealer is already sending me letters and emails saying they want me to trade now to something new for 'no cost' 
i guess they want the used vehicle.
my santa fe has 20k mi. and the buy out next feb is 26k. that will likely be under book value.
i don't know what to do.
i guess they want the used vehicle.
my santa fe has 20k mi. and the buy out next feb is 26k. that will likely be under book value.
i don't know what to do.
If you really can just transfer up to a newer one I would, now if they changed something mechanically then I would be more cautious.....
06-30-23, 07:54 AM
#4953
Lexus Fanatic
Thread Starter
banks rates for mortgages. Highest in 20 years
https://www.superbrokers.ca/tools/mortgage-rate-history
https://www.superbrokers.ca/tools/mortgage-rate-history
speaking of getting a car, my santa fe work vehicle lease is up next feb. the dealer is already sending me letters and emails saying they want me to trade now to something new for 'no cost'
i guess they want the used vehicle.
my santa fe has 20k mi. and the buy out next feb is 26k. that will likely be under book value.
i don't know what to do.
i guess they want the used vehicle.
my santa fe has 20k mi. and the buy out next feb is 26k. that will likely be under book value.
i don't know what to do.
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
Last edited by SW17LS; 06-30-23 at 08:00 AM.
06-30-23, 08:56 AM
#4954
Lexus Fanatic
Thats canada, I can tell you for sure in the US the rates are not at a 20 year high. I bought my townhouse in 2007 and the rate was 7%, and right now a 30 year conventional loan is about the same, a little less. Thats 15 years ago. 20 years ago rates here were solidly in the 7s and 8s...so close but not yet there,
.
06-30-23, 09:39 AM
#4955
Its been a long time! To a whole generation of consumers this is what its been, thats why this change is so hard to stomach. I mean I too am a victim of it, I think an S Class should cost $1,500 a month and $2,300 a month is absurd, but really...it should cost $2,300 a month and its my experience that is making me not realize that. We are all used to driving cars that really are way above what we want to be spending.
Thats canada, I can tell you for sure in the US the rates are not at a 20 year high. I bought my townhouse in 2007 and the rate was 7%, and right now a 30 year conventional loan is about the same, a little less. Thats 15 years ago. 20 years ago rates here were solidly in the 7s and 8s...so close but not yet there,
3.175 here. Thats a huge issue, it deprives the market of inventory which keeps driving prices up, its a problem thats not going away.
Same spot I'm in with BOTH cars. I honestly have very little drive to replace either car, if my wife told me "hey, lets get that GLS" that I would be excited about, but something similar to the Pacifica or a Telluride or something about that class, it just doesn't excite me at all. I have sat in many cars, the new S580, the new 7 Series, new Range Rover to try and get excited about something to replace my S560 and they are nice, and sure I would be happy with them but to get me excited about the next car? Doesn't do it.
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
Thats canada, I can tell you for sure in the US the rates are not at a 20 year high. I bought my townhouse in 2007 and the rate was 7%, and right now a 30 year conventional loan is about the same, a little less. Thats 15 years ago. 20 years ago rates here were solidly in the 7s and 8s...so close but not yet there,
3.175 here. Thats a huge issue, it deprives the market of inventory which keeps driving prices up, its a problem thats not going away.
Same spot I'm in with BOTH cars. I honestly have very little drive to replace either car, if my wife told me "hey, lets get that GLS" that I would be excited about, but something similar to the Pacifica or a Telluride or something about that class, it just doesn't excite me at all. I have sat in many cars, the new S580, the new 7 Series, new Range Rover to try and get excited about something to replace my S560 and they are nice, and sure I would be happy with them but to get me excited about the next car? Doesn't do it.
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
06-30-23, 09:40 AM
#4956
Lexus Fanatic
Well, you can start by pondering this question: Do you really have to replace the Santa Fe at all when the lease is up? 
You already have a Lexus LC to get you around, don't you? Granted, being a sport-coupe, it's not as versatile or flexible a vehicle as the Santa Fe, but that should not matter much (at least for a time) if you don't carry around a lot of passengers or bulky items. And, in Florida, you will almost never need the Santa Fe's AWD......unless yours was a FWD version.
You already have a Lexus LC to get you around, don't you? Granted, being a sport-coupe, it's not as versatile or flexible a vehicle as the Santa Fe, but that should not matter much (at least for a time) if you don't carry around a lot of passengers or bulky items. And, in Florida, you will almost never need the Santa Fe's AWD......unless yours was a FWD version.
06-30-23, 09:43 AM
#4957
Super Moderator
Well, you can start by pondering this question: Do you really have to replace the Santa Fe at all when the lease is up? You already have a Lexus LC to get you around, don't you? Granted, being a sport-coupe, it's not as versatile or flexible a vehicle as the Santa Fe, but that should not matter much (at least for a time) if you don't carry around a lot of passengers or bulky items. And, in Florida, you will almost never need the Santa Fe's AWD......unless yours was a FWD version.
You already have a Lexus LC to get you around, don't you? Granted, being a sport-coupe, it's not as versatile or flexible a vehicle as the Santa Fe, but that should not matter much (at least for a time) if you don't carry around a lot of passengers or bulky items. And, in Florida, you will almost never need the Santa Fe's AWD......unless yours was a FWD version.
06-30-23, 09:44 AM
#4958
Lexus Champion
Its been a long time! To a whole generation of consumers this is what its been, thats why this change is so hard to stomach. I mean I too am a victim of it, I think an S Class should cost $1,500 a month and $2,300 a month is absurd, but really...it should cost $2,300 a month and its my experience that is making me not realize that. We are all used to driving cars that really are way above what we want to be spending.
Thats canada, I can tell you for sure in the US the rates are not at a 20 year high. I bought my townhouse in 2007 and the rate was 7%, and right now a 30 year conventional loan is about the same, a little less. Thats 15 years ago. 20 years ago rates here were solidly in the 7s and 8s...so close but not yet there,
3.175 here. Thats a huge issue, it deprives the market of inventory which keeps driving prices up, its a problem thats not going away.
Same spot I'm in with BOTH cars. I honestly have very little drive to replace either car, if my wife told me "hey, lets get that GLS" that I would be excited about, but something similar to the Pacifica or a Telluride or something about that class, it just doesn't excite me at all. I have sat in many cars, the new S580, the new 7 Series, new Range Rover to try and get excited about something to replace my S560 and they are nice, and sure I would be happy with them but to get me excited about the next car? Doesn't do it.
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
Thats canada, I can tell you for sure in the US the rates are not at a 20 year high. I bought my townhouse in 2007 and the rate was 7%, and right now a 30 year conventional loan is about the same, a little less. Thats 15 years ago. 20 years ago rates here were solidly in the 7s and 8s...so close but not yet there,
3.175 here. Thats a huge issue, it deprives the market of inventory which keeps driving prices up, its a problem thats not going away.
Same spot I'm in with BOTH cars. I honestly have very little drive to replace either car, if my wife told me "hey, lets get that GLS" that I would be excited about, but something similar to the Pacifica or a Telluride or something about that class, it just doesn't excite me at all. I have sat in many cars, the new S580, the new 7 Series, new Range Rover to try and get excited about something to replace my S560 and they are nice, and sure I would be happy with them but to get me excited about the next car? Doesn't do it.
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
If you do, not that big of a deal to own a car out of warranty. I have, lol.
06-30-23, 09:45 AM
#4959
Lexus Fanatic
iTrader: (20)
Same spot I'm in with BOTH cars. I honestly have very little drive to replace either car, if my wife told me "hey, lets get that GLS" that I would be excited about, but something similar to the Pacifica or a Telluride or something about that class, it just doesn't excite me at all. I have sat in many cars, the new S580, the new 7 Series, new Range Rover to try and get excited about something to replace my S560 and they are nice, and sure I would be happy with them but to get me excited about the next car? Doesn't do it.
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
Part of it is spending way more, lease a new Pacifica its $900 a month, I am paying $530. Buy it? $60,000 cash or $1,100 a month...for something that's just not that different than what I am paying $530 a month for now. Carnival to lease is $750 a month, so $230 more a month for another minivan I don't want. S Class, gonna pay $800 a month at least more for a car I don't really like more than the one I have...plus all the pain of dealing with dealers wanting markups and having to scour the country etc.
I don't really want to have two cars out of warranty or figure out how to finance them or pay cash or do whatever research warranties either...so I am really at a loss. I would probably pay cash if I bought them out...
the path of least resistance would be for me to buy out the santa fe at lease end. but i will see what kind of deal they want to offer me because there should be some equity in this with low mileage, etc. as usual, i realize i'm going to be bamboozled, but will try.
06-30-23, 09:46 AM
#4960
Lexus Fanatic
iTrader: (20)
rumors there will be an all new one next year.
if i buy it there will be maintenance concerns of course, and i'll likely need tires. not major concerns or issues.
06-30-23, 11:56 AM
#4962
Lexus Fanatic
iTrader: (20)
06-30-23, 01:43 PM
#4963
Lexus Fanatic
Thread Starter
Issue is I need to spend a bunch of money on it, it needs the B1 service thats $1,000, it needs front tires, thats $750, normally I would just go trade out of it before I do those things.
06-30-23, 02:45 PM
#4964
Lexus Test Driver
2.8% on a 30 year here. I live in an okay neighborhood with relatively low crime and no HOA and my friends keep telling me to move up to the fancy part of town. I'm good where i'm at.
My mortgage payment is half what people are paying to rent apartments in the area right now. If I were to finance this potential car purchase, my mortgage + car payment + insurance + fuel would still be less than rent.
07-01-23, 07:39 AM
#4965
Lexus Fanatic
iTrader: (20)
AJT, the buc-ee's at sevierville is 75,000 sq. ft the largest one so far.
the one being built in my town will be 80,000 sq. ft 
the largest one so far.the one being built in my town will be 80,000 sq. ft