That's just advice for other people. Not me.This quote is hidden because you are ignoring this member. Show Quote
#taggedsafefromCRA
That's just advice for other people. Not me.This quote is hidden because you are ignoring this member. Show Quote
#taggedsafefromCRA
Both are reported but the amount of debt would be different. If you finance then the total finance amount is on your credit report. If you lease it would be the total of the lease payments over the term.This quote is hidden because you are ignoring this member. Show Quote
So? TDS/GDS is based of monthly obligations, not the balancesThis quote is hidden because you are ignoring this member. Show Quote
“Ratios” “affordability”
You guys sound like my bank
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
I dont know what those mean. I'm saying from personal experience with Toyota financial. I have leased and financed with them and seen what they reported on my credit report. When I financed with zero down payment it showed I owed 50k. When I leased a 50k vehicle it showed I owed 27k.This quote is hidden because you are ignoring this member. Show Quote
Yeah that’s not what the conversation was aboutThis quote is hidden because you are ignoring this member. Show Quote
It's specifically on the NX model. For up to 40 month lease. I think it's pretty slim pickings at this point for the NX tho.This quote is hidden because you are ignoring this member. Show Quote
If it’s a Lexus Corporate rate just order one.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Official rate for 2019 NX300 left overs.This quote is hidden because you are ignoring this member. Show Quote
$3250 lease rebate +
0.9 up to 40 mths
1.9 for 48/52 mths
2.9 for 60/64 mths
1.5% discount on top for loyalty. Residual is on the low side as expect being end of model year around ~40% for 48 months.
Last edited by Xtrema; 12-08-2019 at 03:17 PM.
x2This quote is hidden because you are ignoring this member. Show Quote
I've heard this from my corporate accountant as well.This quote is hidden because you are ignoring this member. Show Quote
- - - Updated - - -
As is typically the case, the big, legal, tax loopholes can and have been, closed at any time.This quote is hidden because you are ignoring this member. Show Quote
That is not how it works at all. Every point in the duration of the lease, there's a specific buyout value. If your car gets written off, you are liable for that buyout value. I'd love to see a contract where extra money just disappears haha.This quote is hidden because you are ignoring this member. Show Quote
If insurance pays more than the buyout value, you get the difference back. They don't just pocket your money above and beyond the buyout value lol. If you have the limited waiver of depreciation aka new car replacement insurance, you get the new car value - payout back in your pocket.
If insurance pays less than the buyout value, you're liable for the difference. For auto leases through manufacturers, some even require you to get gap insurance, so that insurance pays out for that difference. Example 1 year into lease your $50k car gets written off, it's worth $40k from front heavy depreciation, and your buyout price at the time is $45k. You now owe $5k difference. Gap insurance covers that or you pay it through. If you paid a downpayment, this $5k that you lost through depreciation you wouldn't get back. I'm assuming this is the portion you're talking about, and is literally covered by gap insurance which everyone with a lease should get anyways.
The real reason why you shouldn't put money down on the lease is because it's just not financially favourable. Many leases are structured so that the downpayment is a security deposit, or pre-payment and not a downpayment, so it does fuck all to reduce the interest rate. You're lending the lease company money to lend you money at their interest rate, basically. If it was that easy, everyone would just pay the depreciation portion only up front and enjoy a 0% interest rate. Leases are written so that never happens.
Originally posted by SEANBANERJEE
I have gone above and beyond what I should rightfully have to do to protect my good name
Toyota and Honda include Gap protection in their leases. You can then add replacement insurance yourself on top up to max of 5 years.
The facts right here.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Technically the lessor is carrying the value of the buyout through the term, so there would still need to be an interest charge based on that amount in your example (unless it's a 0% lease).This quote is hidden because you are ignoring this member. Show Quote
I've seen leases where the interest rate was reduced by the same % of downpayment (i.e. put 20% down and your 3% lease rate become 2.40%)...
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wonder how many quarter mile passes are on that?
"aside from the wear and tear of a previously enjoyed vehicle, it is a very nice Challenger!!"This quote is hidden because you are ignoring this member. Show Quote
What kind of wear and tear can there be on a car with 150km's
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Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
https://kulumotorcar.com/cars/mclare...-mclaren-senna
Recession deal