Advice on car

Which Car?

  • New PT Cruiser

    Votes: 3 4.8%

  • Jeep Liberty

    Votes: 7 11.3%

  • Both suck - suggest car

    Votes: 52 83.9%
  • Total voters
    62
I'm actually pretty surprised at what you can get from Dodge the last few years. My wife loves the Durango, and I bought a Hemi Magnum this year. After paying for both, I still had $40K left between the price of the last MB (and that's a 2001).

www.stocktrading.com/images/magnum1.jpg

and, BTW, don't "lease" - it's usually a really bad deal overall. If you think you can "write some of it off" because of a business name, think again....the insurance is nearly triple for a Company car than a personal car.

All the best,

Don
 
Quote from Don Bright:

I'm actually pretty surprised at what you can get from Dodge the last few years. My wife loves the Durango, and I bought a Hemi Magnum this year. After paying for both, I still had $40K left between the price of the last MB (and that's a 2001).

www.stocktrading.com/images/magnum1.jpg

and, BTW, don't "lease" - it's usually a really bad deal overall. If you think you can "write some of it off" because of a business name, think again....the insurance is nearly triple for a Company car than a personal car.

All the best,

Don
More...

Nice ride, Don. I like the looks of the new Charger. Still, it can never be a '68 Charger, the coolest muscle car ever.
 
The RT Magnum is the 2nd car in my life that I would have to admit to a serious heart-throb. The Nissan 270 Z (yes 1977) was the first.

I simply could not give Dodge the $30K for the lack of bells & whistles. I just think they pack a ton of hype and hope in the trunk - of which the Magnum really doesn't even have! Hats off to ya for going through with it. Plus have they quit selling 2005 models yet? Seems like that 'model year' was sold for 18 mos! Somethingnfishy going on there? Better check your born on date! I think a few 2004's may have been sold as 2005. :eek:
Quote from Don Bright:

I'm actually pretty surprised at what you can get from Dodge the last few years. My wife loves the Durango, and I bought a Hemi Magnum this year. After paying for both, I still had $40K left between the price of the last MB (and that's a 2001).

Don
More...
 
Quote from nitro:

Thanks,

I have considered the Wrangler and I like it alot. I have a Mustang conv now and I agree about the summer with top down.

The issue with the Wrangler is that imo it is overpriced for what it is. Secondly the gas mileage as you point out is terrible.

nitro
More...




Did you ever test drive a 4runner ?
18-19 mpg
seats 5
sits tall to offer a good view of the road
reliable as hell
Get one with a sunroof and the open sky is there too
 
Don,

Ya gotta be shitting me mate?

Cash over cash down over a Lease? Forget the tax nonsense (most can't and/or don’t know how to extract the tax benefit) A lease in almost all instances yields more cash flow than does a purchase.

This is especially true if one is a "trader" and can generate more with one's trading capital than some dipshit car loan interest of what...6.5%? You can certainly beat whatever Bank Car Loan interest is....yes?

With out going into a Corporate Finance lesson, a lease beats a purchase in all but the most obscure instants’. I know that some "feel better" when paying up....but it's usually the wrong financial move.



Quote from Don Bright:

and, BTW, don't "lease" - it's usually a really bad deal overall. If you think you can "write some of it off" because of a business name, think again....the insurance is nearly triple for a Company car than a personal car.

All the best,

Don
More...
 
Quote from Dr. Zhivodka:

Don,

Ya gotta be shitting me mate?

Cash over cash down over a Lease? Forget the tax nonsense (most can't and/or don’t know how to extract the tax benefit) A lease in almost all instances yields more cash flow than does a purchase.

This is especially true if one is a "trader" and can generate more with one's trading capital than some dipshit car loan interest of what...6.5%? You can certainly beat whatever Bank Car Loan interest is....yes?

With out going into a Corporate Finance lesson, a lease beats a purchase in all but the most obscure instants’. I know that some "feel better" when paying up....but it's usually the wrong financial move.
More...
I'm with Don on this one. You need to look at the whole deal and what you walk away with at the end of it (either with or without the purchase option, and taking the time value of money fully into account), rather than just the monthly payments. I think that for most people, leasing is just a seemingly painless way of getting a worse deal.

On the whole, I don't think that automobile leasing was introduced to the retail customer to give him a "no brainer" better deal. Don't forget who's on the other side of the trade.
 
Quote from Thunderdog:

I'm with Don on this one. You need to look at the whole deal and what you walk away with at the end of it (either with or without the purchase option, and taking the time value of money fully into account), rather than just the monthly payments. I think that for most people, leasing is just a seemingly painless way of getting a worse deal.

On the whole, I don't think that automobile leasing was introduced to the retail customer to give him a "no brainer" better deal. Don't forget who's on the other side of the trade.
More...

1. Determine price of car.
2. Determine how much dealer/bank make over time.
3. See how much difference there is.

Dealer makes $300-$1,000 on selling the car. With rebate programs etc. from leasing company and/or bank...Dealer makes $3,000 - $5,000.

I owned a boat dealership...we make $1,000 on selling an average $20,000 ski boat...if we leased or financed it through BofA, we made $4,000 easy. Dealers get 20-40% of the finance charges, on average.

Just do the math.

And, as my brother says..."Traders should always pay cash for everything" (even houses)...That way you're not paying a bunch of interest, additional insurance, etc.....and if you need $$ for trading, you have fully paid for assets.

As an ex-Public accountant, I can stand pretty solid behind my assertions.

To each his own, however...

All the best,

Don
 
You must log in or register to reply here.
Back
Top