Author Topic: Literal cheapest car lease possible  (Read 4280 times)

Offline fruithead

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Literal cheapest car lease possible
« on: June 10, 2021, 01:20:43 PM »
I need to lease a car, I would not call it an emergency I heard that it is a bad time now so I guess I could wait a few weeks but the situation is pretty bad for me without a car.

The reason I'm starting a new thread is because all the other threads seem to be about deals. I am not looking for any deal in the typical sense, I literally could not care less what my car is worth or what it looks like. I have never leased before. My wife is fed up with me and all the used cars, I have driven 91 Corollas where the hood doesn't match the color of the car, I have driven 1981 Grand Marquis where the back drags the road, nothing matters to me other than that the car has an engine and wheels and it will get me from point A to point B. The only thing I care about is spending the least amount of dollars.

Any advice would be very very appreciated.

EDIT: i should add i live in queens, ny
« Last Edit: June 10, 2021, 01:23:53 PM by fruithead »

Offline avromie7

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Re: Literal cheapest car lease possible
« Reply #1 on: June 10, 2021, 01:52:54 PM »
I need to lease a car, I would not call it an emergency I heard that it is a bad time now so I guess I could wait a few weeks but the situation is pretty bad for me without a car.

The reason I'm starting a new thread is because all the other threads seem to be about deals. I am not looking for any deal in the typical sense, I literally could not care less what my car is worth or what it looks like. I have never leased before. My wife is fed up with me and all the used cars, I have driven 91 Corollas where the hood doesn't match the color of the car, I have driven 1981 Grand Marquis where the back drags the road, nothing matters to me other than that the car has an engine and wheels and it will get me from point A to point B. The only thing I care about is spending the least amount of dollars.

Any advice would be very very appreciated.

EDIT: i should add i live in queens, ny
This is an understatement, I don't think it's ever been worse.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline fruithead

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Re: Literal cheapest car lease possible
« Reply #2 on: June 11, 2021, 12:13:31 AM »
This is an understatement, I don't think it's ever been worse.

well that's bad. do you think the situation will change soon?

Offline grodnoking

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Re: Literal cheapest car lease possible
« Reply #3 on: June 11, 2021, 12:18:13 AM »
well that's bad. do you think the situation will change soon?
Doesn't look like its changing anytime soon. Why dont you call Lederer (Maven) and see what he has?
I'm not who you think I am.

Offline grodnoking

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Re: Literal cheapest car lease possible
« Reply #4 on: June 11, 2021, 12:20:40 AM »
Also if you have a costco membership and wait until Grandpa Joe passes his Inflation Inflicting "Infrastructure" Bill, maybe you can get a Bolt for cheap.
I'm not who you think I am.

Offline ushdadude

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Offline EliJelly

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Re: Literal cheapest car lease possible
« Reply #6 on: June 11, 2021, 12:45:44 AM »
This is an understatement, I don't think it's ever been worse.
Just to illustrate how bad it is, for the price you pay for a Nissan Sentra now;

 

You got an Odyssey EXL last September. (Adjust lower mileage with lower pricing)






Offline mushkovits

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Re: Literal cheapest car lease possible
« Reply #7 on: June 11, 2021, 01:36:04 AM »
Not a deal in good times but if you’re so desperate it ain’t so bad with zero down...

Offline Euclid

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Re: Literal cheapest car lease possible
« Reply #8 on: June 11, 2021, 01:42:29 AM »
Just to illustrate how bad it is, for the price you pay for a Nissan Sentra now;

 

You got an Odyssey EXL last September. (Adjust lower mileage with lower pricing)



I've never seen an Odyssey (especially an EX-L) that cheap. Something is weird.

Offline EliJelly

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Re: Literal cheapest car lease possible
« Reply #9 on: June 11, 2021, 01:51:40 AM »
I've never seen an Odyssey (especially an EX-L) that cheap. Something is weird.
It was the cheapest I've seen indeed. And I know people who snatched it. $400 with zero down.

Offline avromie7

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Re: Literal cheapest car lease possible
« Reply #10 on: June 11, 2021, 06:46:19 AM »
well that's bad. do you think the situation will change soon?
The car manufacturers were expecting Q2 to be the worst of the chip shortage, but even if Q3 is better it will take a few months for supply to catch up.

If we're lucky, it will be mostly back to normal by the end of the year.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline zevi

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Re: Literal cheapest car lease possible
« Reply #11 on: June 11, 2021, 09:34:35 AM »
Try unique leasing - friend just leased a 2021 sonata for $220 month $1395 down

Offline YechielA

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Re: Literal cheapest car lease possible
« Reply #12 on: June 11, 2021, 10:03:55 AM »
Try unique leasing - friend just leased a 2021 sonata for $220 month $1395 down
Have contact info?

Offline fruithead

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Re: Literal cheapest car lease possible
« Reply #13 on: June 11, 2021, 10:36:44 AM »

Offline ckmk47

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Re: Literal cheapest car lease possible
« Reply #14 on: June 11, 2021, 10:46:18 AM »
https://www.whitecoatinvestor.com/drive-a-beater-get-rich/
I bought a used, 4 year old car for $12,000.
I had to put in money every year for repairs - alternator, A/C, etc. Less in the early years, more in the later years.  Average of maybe $800 a year.
It went over a pothole 5 years later and the whole undercarriage was ruined enough to junk it.
Cost per year of car + maint = $3200
Cost per month = $265


So I leased my next vehicle for $250/ month.
And my next for $325.


And I don't worry about when some important part will fail.
My favorite cause: cssy.org

Offline Euclid

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Re: Literal cheapest car lease possible
« Reply #15 on: June 11, 2021, 10:54:12 AM »
I bought a used, 4 year old car for $12,000.
I had to put in money every year for repairs - alternator, A/C, etc. Less in the early years, more in the later years.  Average of maybe $800 a year.
It went over a pothole 5 years later and the whole undercarriage was ruined enough to junk it.
Cost per year of car + maint = $3200
Cost per month = $265


So I leased my next vehicle for $250/ month.
And my next for $325.


And I don't worry about when some important part will fail.
Forget the actual money. You don't have to spend a random Tuesday without your car because it's in the shop and throwing a wrench into your schedule. Time is money.
« Last Edit: June 11, 2021, 11:36:28 AM by Euclid »

Offline Yehudaa

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Re: Literal cheapest car lease possible
« Reply #16 on: June 11, 2021, 11:34:47 AM »
https://www.whitecoatinvestor.com/drive-a-beater-get-rich/
I bought a used, 4 year old car for $12,000.
I had to put in money every year for repairs - alternator, A/C, etc. Less in the early years, more in the later years.  Average of maybe $800 a year.
It went over a pothole 5 years later and the whole undercarriage was ruined enough to junk it.
Cost per year of car + maint = $3200
Cost per month = $265


So I leased my next vehicle for $250/ month.
And my next for $325.


And I don't worry about when some important part will fail.

I can relate to @ckmk47.

Around 4 years ago I found my parents a 5-yr old car for $12k (CAD), which was a fine deal for that car/age/mileage. For the last 4 years they spent an average of $500/yr on repairs, and then recently the underframe cracked due to corrosion and the control arms were rusted out too, with a repair cost north of $2k. They had enough of it and got rid of it. Got $2k for it. Total for exactly 4 years of car: $12k+$500/yr-$2k that they sold it for = $250/month to drive an old car.

On the other hand, in early 2020 I spent a bit of time hunting around on a deal on a new car, bought something new for $23k (CAD) and financed at 0% for 5 yrs. Much of the car has a 5-yr warranty, so hopefully repairs should be minimal on non-consumable items until then. Even if I want to sell it after 5 years and get something newer, based on the cost of that car 5 yrs old (when I looked into it a year and a half ago) I should easily get $10k, making my effective monthly cost $216, and I have the reliability and comfort of driving a new car.

True, you could get lucky buying a higher-quality beater if it's been taken care of properly and ends up requiring minimal repairs, but if you're not that lucky you might end up paying more to drive an older, less-comfortable and less-reliable car. It's a gamble IMHO.

Offline zevi

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Re: Literal cheapest car lease possible
« Reply #17 on: June 11, 2021, 11:36:39 AM »

Offline grodnoking

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Re: Literal cheapest car lease possible
« Reply #18 on: June 11, 2021, 11:48:56 AM »


I can relate to @ckmk47.

Around 4 years ago I found my parents a 5-yr old car for $12k (CAD), which was a fine deal for that car/age/mileage. For the last 4 years they spent an average of $500/yr on repairs, and then recently the underframe cracked due to corrosion and the control arms were rusted out too, with a repair cost north of $2k. They had enough of it and got rid of it. Got $2k for it. Total for exactly 4 years of car: $12k+$500/yr-$2k that they sold it for = $250/month to drive an old car.










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Offline drosenberg88429

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Re: Literal cheapest car lease possible
« Reply #19 on: June 11, 2021, 01:42:32 PM »
I bought a used, 4 year old car for $12,000.
I had to put in money every year for repairs - alternator, A/C, etc. Less in the early years, more in the later years.  Average of maybe $800 a year.
It went over a pothole 5 years later and the whole undercarriage was ruined enough to junk it.
Cost per year of car + maint = $3200
Cost per month = $265


So I leased my next vehicle for $250/ month.
And my next for $325.


And I don't worry about when some important part will fail.

That's pretty bad for a 4 year old car. What year, make and model?