Saturday, September 27, 2003

For fun, Becky and I went to Maxwell Nissan to test drive a Murano.  I don't know why all the pictures are that nasty orange.  It looks much better in the silver or blue.  I've been itching to drive a car with variable transmission ever since I heard of a commercial implementation about 10 years ago.  I was very impressed with the transmission, which was well under 2000rpm at 65mph.  It leverages that technology to get fantastic mileage on an SUV.  The whole thing was pretty sweet.  Our salesperson, we'll call him "Ben" (because that was his name), said, "If you can feel it shift, I'll buy the car for you".  I found that to be only slightly amusing since it's impossible for the car to shift at all.

While we cannot afford the vehicle, they did set forth some interesting numbers on a lease.  With our Explorer not worth much on a trade-in, leasing seems like an interesting option.  I've heard it put, "just like buying a used car, you're paying for half of the car, but you get the new half."  Any opinions?

Just curious what experiences people have had with leasing.  I've heard some horror stories, that I mentioned to the sales-person.  They had pretty convincing rebuttals (rebuttals?  is that right?).  Tell me what you think.

posted on Saturday, September 27, 2003 2:03:44 PM (Pacific Standard Time, UTC-08:00)  #    Comments [7]
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Sunday, September 28, 2003 9:18:41 PM (Pacific Standard Time, UTC-08:00)
I'm pretty sure Kyle is doing a lease on his minivan. I'll check with him to see how he likes it.
Monday, September 29, 2003 9:51:51 AM (Pacific Standard Time, UTC-08:00)
Sweet, let me know what you find. Since it would be Becky's car, there may be tax advantages of leasing and claiming it as part of her teaching business, which is legitimate since she drives from school to school.
Monday, September 29, 2003 5:59:48 PM (Pacific Standard Time, UTC-08:00)
You have been listening to Major Applewhite's commercials again haven't you?

I got to drive a co-worker's navy blue Murano a few weeks ago and I agree that it is a nice ride. He and his wife traded both of their cars in and are leasing it. They work at the same place though. I wouldn't recommend trading in both your cars, but if you get one, can you take us for a ride?

I've never leased a car, but I personally probably wouldn't lease because of all the limitations and rules set forth. But, like I said, I've never leased before.
B-Dub
Monday, September 29, 2003 6:20:25 PM (Pacific Standard Time, UTC-08:00)
Yeah, I agree on the limitations (and on trading in both cars). You'd definitely want to make sure you had calcuated mileage and such correctly. The "lease guy" said most of the cases where people got screwed were cases where people just didn't pay attention to their mileage and never asked about their options and just assumed they were screwed. He said they had lots of cases where people realized their situations had changed and they worked out a new lease based on the changes. It seems alot like renting an apartment in the sense that you need to be sure your landlord is not a jerk.
Tuesday, September 30, 2003 10:26:09 AM (Pacific Standard Time, UTC-08:00)
I know my brother and his wife leased one of their current cars. They got screwed because they ran out of mileage but have no other option than to keep driving it until the lease is up and racking up extra miles.
Jeff
Thursday, October 02, 2003 9:40:14 AM (Pacific Standard Time, UTC-08:00)
Just want to point out the balloon payment at the end of the lease that no one's mentioned. Matt and Rachel Walker are pretty upset that they'll have a big payment in December when they're getting rid of their leased car. It would be interesting to see what my dad would tell you, Mark, since his advice to us is to avoid leasing at all costs. I never asked him why. Maybe I will.
Jennifer Barnes
Thursday, October 02, 2003 10:27:12 AM (Pacific Standard Time, UTC-08:00)
There's only a balloon payment if you're keeping the car. Because all you're paying for in a lease is the depreciation (with a little overhead). If you want to keep the car, it doesn't make any sense to lease.
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