I didn't mean flipping in the speculative sense I meant flipping in the consumer sense.
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I didn't mean flipping in the speculative sense I meant flipping in the consumer sense.
Not angry at all man appreciate everyone's input. It's fun.
Yes that's right, what I am saying only makes sense if you sell the car privately and it's worth more than the residual. Which I think it will be based on the current market but of course I haven't seen the future.
This is definitely true. I have thought about that in the past. I'd be in an Aventador right now had I not done what I've been doing.
To that effect, I have decided to cancel this whole thing and forget about the Raptor. I am gonna keep the Lexus till the end and hopefully make money on it by selling it privately at that time. Time to get serious about life and make wiser financial decision and do investments that make $ and not lose $.
If anyone wants to buy an Aston Martin let me know. lol.
I feel it should be highlighted that we've seen another post from the elusive but illustrious richardchan2002 aka the all-time trader rating King of Beyond.
He has said many times in the past that all this car flipping costs him nothing. He was swapping BMWs faster than some people change underwear and trying to Jedi mind trick beyond into believing it didn’t costs anything extra over the payment.
This Lexus seems out of the norm.
If you were going to get a 2020 Lexus IS350, I dont see any reason why anyone would pay cash for it, when lease rate is 0.4% and the cash and lease incentive is $3,000. I guess unless you knew you were going to keep it for long term, and even then, I would still take advantage of either cheap finance or cheap lease rates. Tying up $55k like that up front isnt good use of $.
Agree.
However (trucks are a great example), the big time incentives are delivery and cash incentives. That’s how the 25% off MSRP happens.
0% is awesome, and really what drives sales for the average person, but if it’s doable over the life of the vehicle you’re likely saving more if you have the means to pay cash or HELOC for the additional incentives.
On a car like a Lexus (that I’m assuming doesn’t come with big time cash incentives), the lease may be the way to go.
Been doing some lurking lately, I enjoy the discussion even though it seems to lean toward non-car-talk as of late.
I think all of the 1% beyonders have no need for marketplace anymore, hence no need for trader ratings. haha.
In this case, I felt compelled to post as I own one of these cars. It’s one of very few 300hp engines from the mid 2000s with decent engine reliability. I know someone who had nearly 500,000km on their 2006 and it would have easily gone longer had it not been written off in a T-Bone accident. The 2014+ is less aggressively tuned and not as quick as the 2006-2013 which might further help with engine longevity.
Someone else can go back and look but I feel like this is the repeated words of an alcoholic saying they're never going to drink again. I mean you do you Boo but something fundamental is going to have to change if you truly want something to change.
That said, it's much easier for me on the sidelines to live vicariously through all these vehicle changes when I've had the same 4Runner for nearly 10 years LOL
Real Talk: would it be any cheaper to rent a different car every month or two?
time to stir the pot ;)
8.5 months remaining 2019 802A Raptor $600 tax in payment, 2k down. HMU Shak :love:
What color are the wheels? Srs
Damn that's good.
Even though I've given up on my dream of the Raptor, Cam Clark Ford Airdrie has similarly aggressive deals on 2019 units right now. 0 down is around $750 a month on a 4 year open ended lease. Which is what I was trying to make happen and the interest rate also is 2.49%. It's whatever inventory they have in stock and the guy messaged yesterday saying they sold 12+ units in just over 2 days, so they are likely flying.
If we can do a switcharoo with my Lexus and your Raptor - then I am sure we can work something out! Haha.