I need to come up with my "give me this price and these terms otherwise I'm going to another dealership" figure, but I don't know what exactly a reasonable figure would be. This is my ideal proposal:
-36 mo/12k mile lease
-$0 money down
-Payoff my trade in (Galves values it at $16k, I owe $20k, Ive gotten trade-in offers as high as $18k for it)
-About a $350 a month payment
If I go to the dealership with these figures, will I get laughed out of the place or do you think they'll sign me up right there?
2007-08-20 23:56:51 · 1 answers · asked by Robert W 1 in Cars & Transportation ➔ Buying & Selling
Forgot to mention that I also have VPP pricing
2007-08-20 23:57:44 · update #1
In response to the finance instead of lease comment, I kind of got stuck with a car with problems now, which is why I'm getting rid of it after a year and a half. I'm afraid to finance again because I don't want to get another problem car and be stuck in the same situation. At least with the Lease, if it's messed up it's under full factory warranty and it's not my problem after the term.
2007-08-21 00:19:40 · update #2
Lease? I would not do that. To bad your current car is 3,000 upside down. Typically Leases are for you to use (rent a car for three years) never paying on the principal of the second loan some other financial institution has the title and holds it over your head with excess wear and tear at the end. OK 2007 model year past in 07/01/2007 and 2008 cars are at dealer lots. So if you want to pay 3 years and not own a car. The problem is value of the three year old car with less than 40,000 miles might be as high as $16,000 then what would do? If the car does not sell for that your are charged the difference.
Leases are only good for people who know they can take a tax deduction for company car and want to drive a new car every three years and always worry about racking up to many miles.
2007-08-21 00:13:53 · answer #1 · answered by John Paul 7 · 0⤊ 0⤋