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#16
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You can buy 2-3 year old E classes for the price of a Honda Accord, with a CPO warranty they make a good case for themselves.
Since your not going to get any tax advantages with a lease a few year old one might make a lot more sense.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#17
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Well, we drove a 2016 Genesis, looked for used Mercedes in the area, and other brands. Read all the reviews we could find. Ran the numbers over and over and.....leased the Genesis. Total out of pocket cost of the car with the lease was 2K less than the discounted cash price. That doesn't make sense to me, but that is the way it is. I think it has something to do with Hyundai being the leasing company instead of an outside leasing company.
10/100K Power train warranty. 5/60K bumper to bumper warranty. 7/Unlimited Anti-perforation warranty (what ever that is) 5/unlimited roadside assistance. Trivia, the car is a Genesis, not a Hyundai. It is kind of like a Lexus is not a Toyota but it really is. Nowhere on the car does it say Hyundai. Thanks for all the replies, and wish me luck. PaulM
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84 500 SEL (307,xxx miles) |
#18
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Quote:
This kind of defeats the purpose of leasing a nice car with good A/C, doesn't it? Check mileage limitations if you plan on driving a lot. Just a suggestion.
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Strelnik Invest in America: Buy a Congressman! 1950 170SD 1951 Citroen 11BN 1953 Citroen 11BNF limo 1953 220a project 1959 180D 1960 190D 1960 Borgward Isabella TS 2dr 1983 240D daily driver 1983 380SL 1990 350SDL daily driver alt 3 x Citroen DS21M, down from 5 3 x Citroen 2CV, down from 6 |
#19
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Last edited by P.C.; 12-08-2015 at 09:16 PM. |
#20
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Ram like most other manufactures offers 10k, 12.5k, and 15k miles per year for their leases. Not sure if they go over or under that. Read the contract. If you drive 30k a year leasing a vehicle with a 15k limit is pretty stupid, yet people still do it.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#21
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#22
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#23
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If that is the case, then the Lessee didn't do their homework. They either didn't read the agreement carefully, or did not correctly project their ability to comply with the terms of the lease.
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#24
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If the person is an idiot sure; life is hard when your stupid.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#25
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Lease or buy
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A fool and his money quickly part ways. Also, x2 to both the above posts. You can make out ahead on a lease (and buyout) if you negotiate and predict markets correctly.
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TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#26
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I was just online last night, its cheaper to lease than buy a 2016 E350 4Matic than to simply buy it.
If you add up the lease payments and the buyout at the end its about a grand less than simply buying the car.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#27
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A millionarie taught me,that new vehicles are the worst investment you can make.Buy one with a 100,000 miles and drive it another.
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1999 w140, quit voting to old, and to old to fight, a god damned veteran |
#28
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Good advice. It works, too !
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#29
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Well, we decided we wanted to get a new car. We drove the Genesis, E350 Mercedes, ES350 Lexus and a few others that were not even considered. Of the 3 finalist, all had their shortcomings. Some had their pluses that the others didn't have. The E350 was nicer than the others but not by much. So it came down to price. The Genesis was 20K less than the E350 and 10K less than the ES350. That alone was not the deciding factor. I liked the way the genesis drove. It was tighter, more responsive, had more power then the others, and higher epa ratings. In the NHTSA crash test the Genesis beat both the others. On a scale of 1 to 5 the Genesis was a 5 in all the test. We got standard equipment, no options, with 3.8L V6 with 311 HP. 8 speed transmission. All three cars were specked with standard equipment only. It is a little over 4,000 lbs and rides very good but still has good road feel.
Last week we drove to the NC mountains and I can say this thing handles better than car I have ever owned. This includes an early 80's corvette, my 500SEL and many others. We both love it and can't wait to take a long trip in it. I may have made a mistake and if so, it is not the first nor will it be my last. We did our home work and have no regrets so far. Thanks for all the inputs. They gave us a better handle on what to look out for. PaulM
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84 500 SEL (307,xxx miles) |
#30
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Who makes the transmission? Is it the Zf 8 speed?
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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