I realize now this might be too harsh and I apologize if it is. Just frustrated seeing some of this back and forth. Probably should just go back to pure sh*tposting.
Its ok i didnt take it personal. Its not that i find the car too expensive. I want the car to succeed and I want the car pretty bad. Its just mentally trying to justify the big difference in lease price. Its like in order to come close to Teslas lease price id have to put 15k$ down. Obviously this affects the buyback also. Do i really want to do that or just try to negotiate backloading the contract. Because im self employed I have to take all of this into consideration. Being a car guy i dont want the Y but the car is also a tool for my work so financially it has to make sense.
I think its fine, although none of the back and forth debates on here will make a difference - it's just a way to kill time and blow off steam until the car starts shipping.
A 7 year loan on most vehicles is generally a really, really bad decision, although I 100% understand the idea of "that gets me a payment I can afford." The problem ends up being that you are upside-down way longer than you want to be... unless you pay it off or nearly off, you end up rolling negative equity into the next car... and then you're really screwed.
yeah, I meant to say that too; I'd be surprised if anyone is making the largest or second largest purchase in their life (after a house) based on what a bunch of randos and a Ford employee say on some random web site. At least, I hope not. ?
100% agree but do you think this would apply more, or less to EV's? We see cars from Tesla hold their value. And we see cars like the leaf greatly lose their value.
I legitimately have no idea. (Going back to the "resale value" thread, where I maintained that no one really knows, because new model...)
I think it's riskier on a BEV, because they're more likely to improve and obsolete as they age than mostly-static ICE technology.
No i get ur point, first car i paid cash. Second was a lease takeover which was great until the tranny gave out right after the warranty finished. Otherwise it was one of the best deals ever. Now im in a 7yr loan which i kind of regret, not because of the payment terms but because i drive too much. I should have gone with the lease because I basically do 17000 miles a year. And last i checked thats what forums are for. Words and help.
I have no clue what your lease offers looked like, but 17.5K or 20K leases tend to be "meh" because of lower residual at the end. So buying may have made more sense ultimately... ignoring the 7 year bit I mean. ?
I've leased twice, both times because I knew I didn't want to keep the car. Back in 87 when pontiac couldn't give the fiero away I leased one for my then fiancee - good move since the value cratered. The second time was a focus for myself - I needed wheels and was paying my daughter's tuition, so I got the cheapest thing I could find until she was out of school. The lease ended 2 months after she graduated so I got myself my current mustang
I like leasing because of the opportunity to get the newest tech and a car with less issues. As a business owner leases are easy as tax time to write off. The monthly payments are less, of course long term I probably end up paying more, and I have nothing to show for it at the end. This is why the Options look interesting to me.I've leased twice, both times because I knew I didn't want to keep the car. Back in 87 when pontiac couldn't give the fiero away I leased one for my then fiancee - good move since the value cratered. The second time was a focus for myself - I needed wheels and was paying my daughter's tuition, so I got the cheapest thing I could find until she was out of school. The lease ended 2 months after she graduated so I got myself my current mustang
In this case I want the "out" if batteries progress the way I expect and don't want to be stuck with a horrible resale value.
Cars finances are nothing compared to horses. Trying having 2 cutting horses. In the San Francisco Bay Area. Yeah never own anything that eats while you sleep.
