I'm wondering if lots of nice cars will be flooding the market soon at bargain prices, due to broken leases and other hardships?

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

Wouldn't leasing companies start to bite the dust also? They lease the car on a future value of the vehicle with xx miles. With SUV prices tumbling with heavy discounts wouldn't this put them in backwards on a lease turn in?

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BENZ THERE DONE THAThttp://www.peachparts.com/shopforum/...c/progress.gif
15 VW Passat TDI
00 E420
98 E300 DT
97 E420 Donor Car - NEED PARTS? PM ME!
97 S500
97 E300D
86 Holden Jackaroo Turbo D
86 300SDL
(o\|/o)

Until the dust settles, I am taking on NO new debt,,, no matter how good the deal.

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95 SL500 Smoke Silver, Parchment 64K
07 E350 4matic Station Wagon White 34K
02 E320 4Matic Silver/grey 80K
05 F150 Silver 44K

Yes, I would also assume the leasing companies are going to be going away. Not totally, just less. Kind of like mortgage companies.

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2009 ML320 Bluetec
1985 300CD
1981 300TD

Past Mercedes
1979 300TD
1982 300TD
2000 E320 4Matic Wagon
1998 E430
1984 300SD
1980 300SD

Smart.
Three rules to follow in tough times:
1. Conserve Cash.
2. Conserve Cash.
3. Conserve Cash.

Most of the time people get screwed negotiating leases, so I don't think the car value at the end of the lease will bring down leasers. The market's obviously sensitive to demand, so you might find some deals, but I don't know about fire-sale type deals.
The fact that most of the leasers are tied to some other business that is getting hammered is what will bring them down.

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1984 300TD

due to the market situation, I wish I had cash to make to conserve.


plus my company is going to screw me over one year from today by revoking my health insurance since they now require part times to make 1500 hours a week to get benefits....I did 1033 hours last year... barely made it to cover this up coming year.... ****ing gay.... why are they doing this? To increase profit and reduce spending.. Publix inc is a bunch of nazi's

That sucks...

What's considered "full time" in your state? 32 hrs./wk.?

You'd have to be working almost 29 hrs./wk. just to stay qualified...as a Part-timer!

"Oh, we can't have you working overtime this week...that'd put you into FT-status or worse yet, you'd be qualified for health insurance...'

I'd find out where the CFO lives and make him/her beg and pray that their own health insurance coverage is current...

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M. G. Burg
'10 - Dakota SXT - Daily Ride / ≈ 172.5K
.'76 - 450SLC - 107.024.12 / < .89.20 K
..'77 - 280E - 123.033.12 / > 128.20 K
...'67 - El Camino - 283ci / > 207.00 K
....'75 - Yamaha - 650XS / < 21.00 K
.....'87 - G20 Sportvan / > 206.00 K
......'85 - 4WINNS 160 I.O. / 140hp
.......'74 - Honda CT70 / Real 125
.
“I didn’t really say everything I said.”
. . . . . . . . . . . . . . . . . . ~ Yogi Berra ~

They already are. Nobody wants them any more, whether new or used, because they are inefficient wasteful status symbols that guzzle Persian Perrier like it is going out of style and people are very touchy these days about the price of fuel.

Their build quality, durability, and reliability has been hit or miss, also.


GM, Ford and Chrysler for years have hitched their stars to them, and now the chickens have come home to roost.

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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...

1995 E 420, 170k "The Red Plum" (sold)

2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp

1967 Mercury Cougar, 49k

2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold)

When I see SL600's for sale below $20k - thats a fire sale price to me.
WHen I see Audi A8's below 10K, Jag XJR's below 20k.... (these are ebay/craigslist prices, my brother was in the market for an SL600 a few months ago...)

imho, high-end car prices have been depressed for at least a year by now...


-John

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2009 Kia Sedona
2009 Honda Odyssey EX-L
12006 Jetta Pumpe Duse
(insert Mercedes here)

Husband, Father, sometimes friend =)

through college, sorry I couldn't tell you I was a stripper.

BUT, UP OR DOWN economy what's best with cars isn't lease - ever.

It's own. If you go new, keep it until it's PAID IN FULL and until you've owned it at least six years.

OR

Go used ~two years old and keep until it's PAID IN FULL and go two years after that.

Beyond those two points is money in your pocket.

This isn't opinion, it's simple arithmetic that many never see unless you sell cars. If that steps on any toes, sorry. In descending order; Own, make payments, buy a bus pass, lease.

IF your job is not in any danger, "Fire sale" just might be around the corner.

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1987 300D (230,000 mi on a #14 head-watching the temp gauge and keeping the ghost in the machine)
Raleigh NC - Home of deep fried sushi!

The best way to buy vehicals new or used is with a check. If you can't write a check for it you really can't afford it.

For some people with companies it does make sense to lease, but for the average person, it doesn't.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

My grandma was the CIO at a major corporation in SO Cal until she "retired" with her golden parachute.

The woman has an NBA and thinks leasing a new BMW 7 series every three years is the best way to go. I disagree, but she makes a compelling argument.

She's on her 4th 7 series, just recently getting an '08 a month ago.

Here's what she paid:
00 740i $ 950.00
03 745i $1150.00
06 750IL $1350.00
08 750IL $ 975.00

I worked at a BMW, Chevy, Cadillac dealer for about a year and couldn't believe she wasn't negotiating the lease. It didn't take very much hardball for her to get the huge discount on her '08, totaling around 15k.

Another friend of my father just bought outright a new S550 for $20,000 off MSRP.

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1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!

A G note a month is a lot. I can get a used backhoe, excavator or dump truck for that.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

If you thing about how fast 7 series depreciate in the first 3 years, it doesn't seem that far out.

I think she's nuts spending my inheritance that recklessly. She's only 64, but it may be time to put her in a home.

Seriously though, its hard to believe her lease payment is more than my mortgage payment.

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1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!