Wait a minute, WHERE DO YOU LIVE?
Last Call indicates the end of Hooniverse’s broadcast day. It’s meant to be an open forum for anyone and anything. Thread jacking is not only accepted, it’s encouraged.
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Last Call: Same To You Buddy Edition
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Isn’t that your momma’s house?
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Cole Camp, Missouri, I think.
I wonder is it a T intersection? Bad place for a K Mart, anyway.-
I thought Missouri. I used to have to do work at Ft. Wood, so I’ve seen those signs, before.
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I figure Missouri, too. Marcal or longrooffan could tell us where (or Alff).
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Question: I’m considering acquiring a car via a lease transfer. I’ve never leased a car before, let alone done a transfer. Anyone here done this? Is it pretty easy or a pain? Any wisdom appreciated.
There’s some pretty good deals out there it looks like.-
A lease transfer? At the end of the lease one of two things happen. Either the the car is handed in or the car is bought for the residual value agreed upon at the beginning of the purchase. Depending on that vehicle and the market that number can either work for or against the buyer determining whether it makes sense to buy the rest of the vehicle or just to turn the car in. So if you are trying to buy out the residual then you might want to check the market value of the car/suv/truck/big wheel to see if it’s actually worth that amount.
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Yeah. It’ll be a bit of spreadsheeting. Mainly looking for cases where the owner has put a lot of money down up front to bring lease payments down (WHY would you do that) and now needs to get out of the lease. Seems to be a not entirely uncommon scenario.
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car dealer tactics. ever bought a car from a dealer? first question he’ll ask is, “what’s your monthly payment?”
they try to get you in the mindset of a monthly payment so you’re not thinking about the total you spend, and any cost increase is amortized over 36/48/60/72/999999999 months. then they bump up the down payment, stretch out the financing term, etc to hit that monthly payment, and they convince you that they’ve helped you meet your goal. i assume something similar happens with leases – the big down payment means extra options appear to cost less per month. -
Why? Because
my wifesomebody doesn’t really grasp the difference between the mechanics of buying a car and leasing one, but sets a limit on whatmythe monthly payments can be. Howevershethat person knows that you usually write a check when you buy a car and knows that when buying a car that first check was even bigger.
Too Long / Didn’t Read: “Shut up”, he explained. “Don’t spoil a good thing, okay? -
If you’re taking over someone else’s lease, be VERY wary of high mileage & dings/damage. Most leases intentionally have low limits on per-year mileage, knowing most drivers will exceed that, which leads to a hefty penalty at the end of the lease -> free extra money for the dealer/lease company. Similarly, any dings that are beyond “normal wear and tear” are heavily penalized.
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Usually the most compelling reason to do this is to help a friend who has to get out of a lease for some reason.
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I kind of felt lIke saying FU to myself yesterevening as I realized I really should have used thread locker on that alternator pulley.
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Oh, bummer. At least you have a very clear idea of what’s wrong.
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