Why so many leasees ?
05-05-15, 10:39 AM
#16
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Location: Texas
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I have been a Finance Director for a car dealership for many, many years. I think a good word of advice is to buy things that appreciate and lease things that depreciate. I think JP Getty said that.
That being said, it isn't the same for any 2 people and I think the situation depends on many contributing factors. I have a lot of clients who come in unwilling to lease simply because they don't understand it. Many vehicles simply do not lease well but most Lexus vehicles do. Also sometimes the manufacturer incentivizes the dealers to push their product and you get overinflated residuals and ridiculous money factors that make it hard to say no.
I think you just need to weigh your options and ask questions. Hopefully you will get an Finance Manager who is willing to help out. And by the way, I purchased my 2014 GS 350 opposed to leasing it
That being said, it isn't the same for any 2 people and I think the situation depends on many contributing factors. I have a lot of clients who come in unwilling to lease simply because they don't understand it. Many vehicles simply do not lease well but most Lexus vehicles do. Also sometimes the manufacturer incentivizes the dealers to push their product and you get overinflated residuals and ridiculous money factors that make it hard to say no.
I think you just need to weigh your options and ask questions. Hopefully you will get an Finance Manager who is willing to help out. And by the way, I purchased my 2014 GS 350 opposed to leasing it
05-05-15, 12:22 PM
#17
Bingo
I think many people dont understand leases. For example try talking to your parents (or any other older car owners) about leasing a car instead of owning, theyll give you the most perplexed look
For me I just cant see myself
A: putting major money down to purchase something that depreciates
B: paying $800 a month for 5-6 years
MEAHT
05-05-15, 12:22 PM
#18
Rookie
Thread Starter
I have been a Finance Director for a car dealership for many, many years. I think a good word of advice is to buy things that appreciate and lease things that depreciate. I think JP Getty said that.
That being said, it isn't the same for any 2 people and I think the situation depends on many contributing factors. I have a lot of clients who come in unwilling to lease simply because they don't understand it. Many vehicles simply do not lease well but most Lexus vehicles do. Also sometimes the manufacturer incentivizes the dealers to push their product and you get overinflated residuals and ridiculous money factors that make it hard to say no.
I think you just need to weigh your options and ask questions. Hopefully you will get an Finance Manager who is willing to help out. And by the way, I purchased my 2014 GS 350 opposed to leasing it
That being said, it isn't the same for any 2 people and I think the situation depends on many contributing factors. I have a lot of clients who come in unwilling to lease simply because they don't understand it. Many vehicles simply do not lease well but most Lexus vehicles do. Also sometimes the manufacturer incentivizes the dealers to push their product and you get overinflated residuals and ridiculous money factors that make it hard to say no.
I think you just need to weigh your options and ask questions. Hopefully you will get an Finance Manager who is willing to help out. And by the way, I purchased my 2014 GS 350 opposed to leasing it
We also like to travel to visit family and friends in San Antonio and South Texas. Those miles can and do add up quick.
Last edited by jaime1982; 05-05-15 at 06:46 PM.
05-05-15, 06:44 PM
#20
I have been a Finance Director for a car dealership for many, many years. I think a good word of advice is to buy things that appreciate and lease things that depreciate. I think JP Getty said that.
That being said, it isn't the same for any 2 people and I think the situation depends on many contributing factors. I have a lot of clients who come in unwilling to lease simply because they don't understand it. Many vehicles simply do not lease well but most Lexus vehicles do. Also sometimes the manufacturer incentivizes the dealers to push their product and you get overinflated residuals and ridiculous money factors that make it hard to say no.
I think you just need to weigh your options and ask questions. Hopefully you will get an Finance Manager who is willing to help out. And by the way, I purchased my 2014 GS 350 opposed to leasing it
That being said, it isn't the same for any 2 people and I think the situation depends on many contributing factors. I have a lot of clients who come in unwilling to lease simply because they don't understand it. Many vehicles simply do not lease well but most Lexus vehicles do. Also sometimes the manufacturer incentivizes the dealers to push their product and you get overinflated residuals and ridiculous money factors that make it hard to say no.
I think you just need to weigh your options and ask questions. Hopefully you will get an Finance Manager who is willing to help out. And by the way, I purchased my 2014 GS 350 opposed to leasing it
I'm hoping in a year or two that I can get my mileage down and start leasing cars instead of purchasing. I like to get into the mode where I just make car payments, without high maintenance cost, and drive a car a new car every three years. Lexus had great resale/residual values, so I would think for most a lease would be the better option.
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bigbluebea
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12-27-13 03:20 AM