Car Lease v. Buying

[yelped]

Yeah, that's what he says about you...

[Iz]

Even a broken clock is right twice a day

https://forums.dansdeals.com/index.php?topic=124851.msg2480505#msg2480505

[ExGingi]

What about if he expects it to still last a while without expensive repairs? The premium he'll get for it now might be a wash because he'll be paying a premium on whatever buys now because of current market prices.

Current market prices are crazy. But it's probably best to sell before you are left with no option but to get rid of it.

[avromie7]

When is this all going to be over and back to normal?

Production is expected to get back to normal by Q4. To catch up with all the backlog will probably take another 2 quarters.

[Zevi16]

Strongly considering buying brand new and financing. Maybe will sell after 3 years

[avromie7]

Strongly considering buying brand new and financing. Maybe will sell after 3 years

Alternatively, lease and if you want you can buy it out in 3 years. You may pay more in interest, but you aren't forced to buy out if prices come down

[avromie7]

Production is expected to get back to normal by Q4. To catch up with all the backlog will probably take another 2 quarters.

This didn't age well. Gonna be at least another year IMO.

[mochjas]

This didn't age well. Gonna be at least another year IMO.

once they see that people are willing to pay these prices, they will never go down

[Joel]

once they see that people are willing to pay these prices, they will never go down

Do they have a choice?

[aygart]

once they see that people are willing to pay these prices, they will never go down

Until one company wants to gain market share by lowering prices.

[yuneeq]

Until one company wants to gain market share by lowering prices.

Someone tried to convince me this weekend that the car companies are each loaded with tens of thousands of 2021 cars that they can’t sell but they’re keeping the market high until they can unload them. Basically responded with what you wrote.

[Mordyk]

Someone tried to convince me this weekend that the car companies are each loaded with tens of thousands of 2021 cars that they can’t sell but they’re keeping the market high until they can unload them. Basically responded with what you wrote.

I always wonder about this.  Drive by any dealership and it's full of cars.  Yet they say they are empty

[ushdadude]

Someone tried to convince me this weekend that the car companies are each loaded with tens of thousands of 2021 cars that they can’t sell but they’re keeping the market high until they can unload them. Basically responded with what you wrote.

like debeers and diamonds

[ushdadude]

i have a lease expiring  that i already extended a year thinking it would be better now.

Now i'm thinking to buy it out and hold onto it until things normalize a little

[avromie7]

i have a lease expiring that i already extended a year thinking it would be better now.

Now i'm thinking to buy it out and hold onto it until things normalize a little

This is likely the best option. Considering that you already paid down your buyout price for another year, it's highly unlikely that you'll ever be in a situation where you can't sell the car for more than your remaining loan payments.

[whacked1]

This is likely the best option. Considering that you already paid down your buyout price for another year, it's highly unlikely that you'll ever be in a situation where you can't sell the car for more than your remaining loan payments.

Depending on who has the lease, with nissan extended payments dont lower the buyout.

[ushdadude]

Depending on who has the lease, with nissan extended payments dont lower the buyout.

Lincoln. it actually lowered buyout by lease payment amounts.

[pointer]

Someone tried to convince me this weekend that the car companies are each loaded with tens of thousands of 2021 cars that they can’t sell but they’re keeping the market high until they can unload them. Basically responded with what you wrote.

I tried selling an end of lease SUV to a dealership, and that is exactly what he told me.

[yuneeq]

I tried selling an end of lease SUV to a dealership, and that is exactly what he told me.

Let me guess - he wanted to pay bottom dollar for your car while you had to pay top dollar for a new one?

[pointer]

Let me guess - he wanted to pay bottom dollar for your car while you had to pay top dollar for a new one?

Lol, No.
I was not trading in.