I can't commit to buying a new car (1 Viewer)

[glock]

Just bought a 2012 Jeep Liberty with 14k miles on it for $17k. Mint condition replete with new car smell...

 

[Binky The Doormat]

Local Ford dealership has a black Friday special on Ford Fusion SE. $139 a month for 2 years with zero down. Wife wants to go look in the morning, I keep telling her its a bait and switch. Looks like I won't be sleeping in tomorrow.

Like this Ford Fiesta SE?

*$119/mo - 24 month lease. 10,500 miles per year. $1,799 down. Total MSRP: $17,505. First payment, $645 Acquisition Fee, Taxes, Title, Registration and Documentation Fee extra. Must qualify for lease conquest. Offers ends 11/30/14.

No real catch - just know you can live within the mileage and how much more the all those other fees will be. Probably $3K plus in this example. You get to drive around a new Ford Fiesta (just not too much with that mileage ...) for 2 years and then turn it in for $250 approx. a month - all payments included.

No more like this one:

2015 Ford Fusion SE Sedan Lease for $139/month for 24 months*

*24 month lease. 10,500 miles per year. $1,999 down. ZERO DOWN Total MSRP: $24,760. First payment, $645 Acquisition Fee, Taxes, Title, Registration and Documentation Fee extra. Must qualify for lease conquest. Offers ends 11/30/14.

Here's a link to the add

Wow K ...I don't see the catch. You will likely have to watch like crazy they aren't adding anything on to the deal, it does look to good to be true. I am not a car guy, but it could be worth the trouble!

 

[KCitons]

I'm very skeptical. But, I'm also a stubborn #######. If any whiff of BS and I'm out the door.

 

[Northern Voice]

Wife and I just bought a used Mitsubishi. We owned a Lancer before that we bought new and had no issues with. This time bought a used Outlander as I need something bigger for work. Mitsubishi has a 10 year, 160,000km warranty that transfers, so even buying a 4 year old vehicle with 60k on it, we have 6 year/100k warranty and paid less than half what it was new.

 

[KCitons]

Sitting at the dealership now. Only catch was the doc fee of $275. Which is BS, but not outrageous. Takes the price up to $150 a month.

Waiting to see final paperwork. But it looks like my wife will be driving a new car.

Wonder if I can call this her Christmas present?

 

[Binky The Doormat]

Sitting at the dealership now. Only catch was the doc fee of $275. Which is BS, but not outrageous. Takes the price up to $150 a month.

Waiting to see final paperwork. But it looks like my wife will be driving a new car.

Wonder if I can call this her Christmas present?

Definitely. At least give it a real shot.

 

[KCitons]

The add the taxes into the monthly payment as well. I will still need to pay for the plates. So the actually finance the taxes and the doc fee?

Ended up being $160 per month for 24 months. Zero out of pocket.

As I looked at the lease aagreement, the original price was $24k. Ford was giving $8k in rebates incentives. The residual is only $16k. Is the dealership making their money from the rebates? Or are they banking on future residuals from selling low mileage, off lease vehicles?

 

[leftcoastguy7]

Is the dealership making their money from the rebates? Or are they banking on future residuals from selling low mileage, off lease vehicles?

Are you required to do the scheduled maintenance on a lease? Does the dealership require the maintenance be done there?

Dealerships make little money off new car sales anymore. They hope to make it up in the service department.

 

[belljr]

I always buy new. But I know whatever I buy will be a minimum 8 years I own it

 

[DA RAIDERS]

the wife and i are driving an 02 and 03 cars. happy to have no payments. happy to drive these 2 cars into the ground. will buy used, when we do need new cars.

 

[KCitons]

Is the dealership making their money from the rebates? Or are they banking on future residuals from selling low mileage, off lease vehicles?

Are you required to do the scheduled maintenance on a lease? Does the dealership require the maintenance be done there?

Dealerships make little money off new car sales anymore. They hope to make it up in the service department.

Didn't see anything in the contract that required dealer scheduled maintenance. Just read through it again. We did get the undercoating/scotch guard sales pitch while at the dealership, but passed.

 

[SIDA!]

It also costs you more money in insurance and if you're like me it will drive you nuts when you get your first scratch.

No thanks, I'll stick to my used cars with a few scratches already on it.

I am pretty sure $2,100 will get rid of some scratches...