Poll

Do/Would you Lease or Buy?

Only Lease.
71 (22%)
Only Buy.
90 (27.9%)
I judge both options and usually lease.
64 (19.8%)
I judge both options and usually buy.
74 (22.9%)
I don't have a car.
24 (7.4%)

Total Members Voted: 323

Author Topic: Car Lease v. Buying  (Read 141005 times)

Offline ckmk47

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Aug 2012
  • Posts: 7809
  • Total likes: 905
  • DansDeals.com Hat Tips 3
  • Gender: Female
    • View Profile
  • Location: brooklyn
Re: Car Lease v. Buying
« Reply #820 on: February 23, 2023, 11:18:15 PM »
I canceled a ToyotaCare warranty on a vehicle financed with Bank of America through Toyota Financial Services. The loan was fully paid up and the overpayment was supposed to be sent to me by BoA. ToyotaCare claims they sent a check to BoA and BoA claims they never got anything from them. What recourse do I have?
See if you can get proof from ToyotaCare that the check was cashed.
My favorite cause: cssy.org

Offline yungermanchik

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2018
  • Posts: 2439
  • Total likes: 1815
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: Previous Signatures: If you chapped hana'ah from a post, like it; You think you know the answers and things are the way they seem.. it just ain't so -The Rebbe from Lublin-
Re: Car Lease v. Buying
« Reply #821 on: February 23, 2023, 11:26:30 PM »
See if you can get proof from ToyotaCare that the check was cashed.
We actually called back Toyota Care today. They said that they see it still hasn't been cashed so they're stopping that check and sending BoA a new one.
Small people talk about other people.
Average people talk about things
BIG PEOPLE TALK ABOUT IDEAS.

Offline menachem

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Dec 2011
  • Posts: 341
  • Total likes: 11
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Car Lease v. Buying
« Reply #822 on: February 24, 2023, 12:57:50 AM »
Because it was an extra $440 for 1 year?

We didn't sell it early last time.

I hear ya.

jerryj at midwestsuperstore.com

Have this contact from the forum from years ago.

Amazing to have found this contact!

He quoted me for 7 yrs/75k - $785.
8 yrs/75k - $900
10 yrs/ 100k - $1545
All with $0 deductible

As a first time buyer, I have no idea how long I'll have this van for.. so just thinking even though it's an extra $645 for 2 years (between 8-10 yrs) it will cover all electronic sensors and e/t else bumper to bumper.. and if I end up selling earlier it will only help sale wise to have extended warranty transferred to buyer..

Any thoughts or input?

I just extended my warranty to 96 months and got ripped off:( Paid $3500 which was blended into my financing.
Regardless I'll be saving bc iyh I'll be canceling this plan. Fine print says: If you cancel this agreement within 60 days of it's date of sale, a full refund will be paid.


Offline davidd75

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2012
  • Posts: 3733
  • Total likes: 101
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: new jersey
Re: Car Lease v. Buying
« Reply #823 on: March 08, 2023, 02:19:58 PM »
thinking of buying chevy euv bolt outright(about 25K) without financing as they are quoting me about 7-8% interest rate.  I know I can get lower rates if I shop around but am I loosing anything by paying the entire purchase price upfront? is that the right move if one is able to?


Online avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 7944
  • Total likes: 2378
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Car Lease v. Buying
« Reply #824 on: March 08, 2023, 02:30:09 PM »
thinking of buying chevy euv bolt outright(about 25K) without financing as they are quoting me about 7-8% interest rate.  I know I can get lower rates if I shop around but am I loosing anything by paying the entire purchase price upfront? is that the right move if one is able to?
They may charge you more if you don't finance with them, in which case you can finance and pay it off right away.
I wonder what people who type "u" instead of "you" do with all their free time.

Online yelped

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Mar 2015
  • Posts: 9367
  • Total likes: 2953
  • DansDeals.com Hat Tips 40
    • View Profile
Re: Car Lease v. Buying
« Reply #825 on: March 08, 2023, 04:01:33 PM »
thinking of buying chevy euv bolt outright(about 25K) without financing as they are quoting me about 7-8% interest rate.  I know I can get lower rates if I shop around but am I loosing anything by paying the entire purchase price upfront? is that the right move if one is able to?
If you are looking for financing, the bank may not consider it "new" if the title is in your name already and you may not get the lowest rates. It varies by bank.

Offline davidd75

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2012
  • Posts: 3733
  • Total likes: 101
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: new jersey
Re: Car Lease v. Buying
« Reply #826 on: March 08, 2023, 04:42:48 PM »
They may charge you more if you don't finance with them, in which case you can finance and pay it off right away.

say that again they may increase purchase price if I choose to pay all of it upfront?

Offline davidd75

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2012
  • Posts: 3733
  • Total likes: 101
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: new jersey
Re: Car Lease v. Buying
« Reply #827 on: March 08, 2023, 04:44:21 PM »
If you are looking for financing, the bank may not consider it "new" if the title is in your name already and you may not get the lowest rates. It varies by bank.

not looking to finance just want to make sure with interest rates so high that better to pay it all upfront.  Any disadvantages?

Offline yungermanchik

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2018
  • Posts: 2439
  • Total likes: 1815
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: Previous Signatures: If you chapped hana'ah from a post, like it; You think you know the answers and things are the way they seem.. it just ain't so -The Rebbe from Lublin-
Re: Car Lease v. Buying
« Reply #828 on: March 08, 2023, 04:46:03 PM »
say that again they may increase purchase price if I choose to pay all of it upfront?
Correct, some dealerships have deals with financing companies to get you in the door with them.
Small people talk about other people.
Average people talk about things
BIG PEOPLE TALK ABOUT IDEAS.

Offline davidd75

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2012
  • Posts: 3733
  • Total likes: 101
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: new jersey
Re: Car Lease v. Buying
« Reply #829 on: March 08, 2023, 05:04:53 PM »
Does seacoast chevrolet play games like this?

many in this forum have recommened going with them

Online chff

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 5860
  • Total likes: 672
  • DansDeals.com Hat Tips 25
    • View Profile
  • Location: NYC (not anymore)
  • Programs: All of them...
Re: Car Lease v. Buying
« Reply #830 on: March 26, 2023, 10:12:59 AM »
If you are looking for financing, the bank may not consider it "new" if the title is in your name already and you may not get the lowest rates. It varies by bank.
I refi'ed right after purchase, the bank that I used told me till 5k miles it's considered "new"

Online yelped

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Mar 2015
  • Posts: 9367
  • Total likes: 2953
  • DansDeals.com Hat Tips 40
    • View Profile
Re: Car Lease v. Buying
« Reply #831 on: March 26, 2023, 12:31:38 PM »
I refi'ed right after purchase, the bank that I used told me till 5k miles it's considered "new"
Depends which bank. Some allow more, some allow zero.

Offline Zevi16

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Mar 2015
  • Posts: 2161
  • Total likes: 78
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Car Lease v. Buying
« Reply #832 on: September 04, 2023, 09:54:38 AM »
I refi'ed right after purchase, the bank that I used told me till 5k miles it's considered "new"
Which one? I just bought out of state minivan from Honda and they didnít allow financing. Iíd like to get financing now. About 2700 miles.

Offline Abey

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Sep 2017
  • Posts: 983
  • Total likes: 185
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Car Lease v. Buying
« Reply #833 on: September 04, 2023, 12:19:53 PM »
Which one? I just bought out of state minivan from Honda and they didnít allow financing. Iíd like to get financing now. About 2700 miles.
why not just call the bank ? Also perhaps post which bank you leased with. HFS allows buyout US bank is a pain