Quote:
Originally Posted by Alan A
This surely can’t go on being this crazy.
I mostly lease. We have multiple vehicles and I rarely keep a car the full 3 years.
We can argue the economics till the cows come home, but it is what it is.
So I leased a VW 2 years and 10 months ago. Paid 33.5k including taxes - 31 and change before tax on a car that was 34k MSRP.
Traded it yesterday for 26.5k on a new SUV off the lot.
So I drove (or more accurately the wife drove) a new car for almost 3 years for 7k. Didn’t pay a cent for consumables other than washer fluid and all the servicing was included.
I’m still in shock. Why would anyone buy a used car in the current market?
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At least by me, there is nothing new available. I took our vehicle that is on lease, and expiring April to the dealer for an oil change. While I was in there, chatted with a sales guy, and was asking him about options come April. He said check back in March, and maybe they'll have cars. Now...nothing.
I'll likely just purchase the vehicle at lease end. What is typically a bad deal, is now a fantastic deal. I'm way low on mileage, and he said they'd give me a few thousand to return it. But, they have nothing for me to lease in return.
Let's see what happens in four months.