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Cars We Drive! - Page 1338

post #20056 of 26274

pre 2010 cars for the win! 

post #20057 of 26274
Warranties and creature comforts for the win tongue.gif.
post #20058 of 26274
Sound seems to have disappeared after my work commute on the highway. Need to listen more carefully tho when I go out for lunch.
post #20059 of 26274
Quote:
Originally Posted by GreenFrog View Post

Sound seems to have disappeared after my work commute on the highway. Need to listen more carefully tho when I go out for lunch.

It'll likely be sporadic. When I had the issue, it'd be there for a day or more and be gone. It turned out BMW did a pre-LCI modification on it and issued a service bulletin which every dealer ignored.
post #20060 of 26274
Gah - I had another annoying conversation with an otherwise intelligent friend about leasing.

His entire argument was how I felt about giving someone xxxx dollars a month for something I don't own. My (I think rational) comeback, was 'if you own your car, text me a picture of the title'.

I remember my parents financing their then house when I was 10 and they paid it off 11 years later (both on my birthday, so easy dates to recall) and we had dinner and my dad told me we finally own the house.

The piob and the hroi get this.
post #20061 of 26274
Quote:
Originally Posted by ramuman View Post


Also back to the point GF, something very identical to what you're describing happened to me. It was the backing plate on the rotor. Of course, like FF mentioned, it could be more serious, but I doubt it. You can YouTube videos on how to check.

I had a front wheel eat its way through the hydraulic line for the clutch and brakes. Which lead it to leak all the hydraulic fluid, make all kinds of warning lights/sounds and leave me with a car, which only moved by pushing.
post #20062 of 26274
Quote:
Originally Posted by ramuman View Post

Gah - I had another annoying conversation with an otherwise intelligent friend about leasing.

It's a mental thing with many people no matter how intelligent. I "own" the portion of the life of the vehicle that I want to and defer ownership on the portion of the life of the vehicle I don't want.
post #20063 of 26274
Quote:
Originally Posted by ramuman View Post

Gah - I had another annoying conversation with an otherwise intelligent friend about leasing.

His entire argument was how I felt about giving someone xxxx dollars a month for something I don't own. My (I think rational) comeback, was 'if you own your car, text me a picture of the title'.

I remember my parents financing their then house when I was 10 and they paid it off 11 years later (both on my birthday, so easy dates to recall) and we had dinner and my dad told me we finally own the house.

The piob and the hroi get this.



I don't understand this rationale either.  At the end of the day, you're typically buying a car to drive to work/wherever.  Let's say you buy a  $30k car with 0% interest, so you pay $30k over five years.  Then you go sell it for $10k and buy a new one, so you've spent $20k over 5 years, which is $4000/yr on a car.

Now let's say you lease a $30k car with a residual of 58%, your lease payment is $367/mo, you pay $13,197 over three years, which is $4400/yr on a car.

 

In this scenario, leasing doesn't costs about 10% more than buying, but you're also getting two cars in the same period.  The question is what do you value?  What are you trying to accomplish when you buy a car?  Buying a new car certainly doesn't minimize your transportation costs or monthly payments compared to other options.  If you like driving a new car all the time, leasing is probably the most cost effective.

post #20064 of 26274
Quote:
Originally Posted by brokencycle View Post

If you like driving a new car all the time, leasing is probably the most cost effective.

Most people who are against leasing would also laugh at your vanity in having to always be in a new whip.

Sure, there are lots of reasons to prefer it (warranty, dealer loaners, etc)...but a lot of those only really matter on luxury vehicles, at which point you are already committed to paying more money than you "need" to so the decision is no longer purely financial.
post #20065 of 26274
This is why I pay cash for all my hyper cars. I like having the titles in hand.
post #20066 of 26274
Quote:
Originally Posted by otc View Post

Most people who are against leasing would also laugh at your vanity in having to always be in a new whip.

Sure, there are lots of reasons to prefer it (warranty, dealer loaners, etc)...but a lot of those only really matter on luxury vehicles, at which point you are already committed to paying more money than you "need" to so the decision is no longer purely financial.

Certainly buying a mid-level vehicle and driving for an extended period of time is the best financial decision but I think leasing at least mitigates the damage my preference creates.
post #20067 of 26274
Quote:
Originally Posted by otc View Post


Most people who are against leasing would also laugh at your vanity in having to always be in a new whip.

Sure, there are lots of reasons to prefer it (warranty, dealer loaners, etc)...but a lot of those only really matter on luxury vehicles, at which point you are already committed to paying more money than you "need" to so the decision is no longer purely financial.

 

I got a lot of "why would you lease a car?" questions when I leased my previous car.  All of them were the buy new and replace every three to five years.    To me leasing makes more financial sense for those people unless they are doing a lot of road trips or have an abnormally long commute.

 

I don't need a new car.  In fact, when I gave back my lease, I replaced it with a car older than the leased car.  When I'm car shopping I try to determine what I need and what I want in a car then I decide what I'm willing to pay for a car that has everything I want, and what I'm willing to pay for cars with bonus features x, y, and z.  

post #20068 of 26274
My aunt and uncle enjoyed living well beyond their means, and for them leasing was an obvious enabler.

Among their circle of friends, the rationale was "why would you invest money in a depreciating asset?" As though a monthly lease payment didn't do anything but depreciate from Day 2.
post #20069 of 26274
Quote:
Originally Posted by Concordia View Post

My aunt and uncle enjoyed living well beyond their means, and for them leasing was an obvious enabler.

Among their circle of friends, the rationale was "why would you invest money in a depreciating asset?" As though a monthly lease payment didn't do anything but depreciate from Day 2.

Well, a financial payment does on day 0. Unless it's a McLaren F1 or the like.
post #20070 of 26274
Quote:
Originally Posted by Concordia View Post

My aunt and uncle enjoyed living well beyond their means, and for them leasing was an obvious enabler.

Among their circle of friends, the rationale was "why would you invest money in a depreciating asset?" As though a monthly lease payment didn't do anything but depreciate from Day 2.

There's no doubt leasing facilitates this and helps people get into vehicles they can't really afford. However, so does 60 and 72 month zero down loans but no one ever seems to focus on this. Also, a material folks that do this will trade in while upside down thus compounding the problem.
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