Gotta love the "Meh, I don't care what any of you say anyway" attitude on a thread he started asking for advice/opinions.

 

Well, I suppose since he's not a MINI owner anymore he won't be asking for anymore advice...to each his own.

 

Just so.

 

If he leased, he was NEVER a MINI "owner"

 

You make a good point. I will absolutely never lease a car, because I'm like many others here, I love to mod my cars, and wouldn't want to install something like a pulley or whatever on a car that wasn't mine.

 

His saga reminds me of a line from Forrest Gump. Betcha know which one it is.

 

"Shrimp is the fruit of the sea. You can barbecue it, boil it, broil it, bake it, sautee it. There's, um, shrimp kebabs, shrimp creole, shrimp gumbo, pan fried, deep fried, stir fried. There's pineapple shrimp and lemon shrimp, coconut shrimp, pepper shrimp, shrimp soup, shrimp stew, shrimp salad, shrimp and potatoes, shrimp burger, shrimp sandwich... That's, that's about it."

that the one?

 

Damn! You ought to be on Jeopardy!!

 

 

Nah its my choice to lease cars. I swith cars every year or so. i have the money to do it i will.. i dont need to sign and commit to a 5 year or 6 year finance with payments higher than a 2-3 year lease. and in all actuallity, if i mod, and i continue to like the car i buy it at the end, if i dont i give it back. I asked for advice in the begining because i didnt know what they did.. Now i know i got Blue book and I'm satsified. and Yes we still own a 2005 Pure SIlver MCS..


Cheers~

 

I sure wish I had so much money to throw away! How'd you make out on your previous cars?

 

You think some of this could be pure crapola??

Somehow this guy get more for his car than the lease payoff and doesn't pay any extra charges for mileage, MODs, including cutting the dash apart, and drives away in a new 2006 premium automobile.

Does everyone really think this car dealer does business like NO OTHER car dealer in the country?

If it happened at all this guy maybe PAID thru the nose and it's buried in the paperwork of the new lease, probably most of that 7 grand down payment went to the charges on the old car,

IF any of it EVEN happened ...

 

1. I got more then the payoff because i put down 6K on the MINI Last year.
2. Im sure your so smart to tell me i have burried charges when i pay 450 $ a month on a 3 year lease. uh huh.. with 7k down it brought me to that. my mom got a 330Xi 2006 and she didnt want to put anything down except whats reqiured was like 1800 i think and her lease payment came out to $756. 12K miles a year. she put down 7K also and hers came out to 500 a month.. so yea i guess i got burried huh? Lol .. im not going to sit here and argue with people on the internet about how i buy cars or what i do to them or how much i pay and what not. Ive been burned on financing before and i hate it. I like the option to return the car after im done with it. and like i said before, if i get bored i trade it in, i dont care about loosing a few dollars on modding to personalize my car to my wants and needs. I didnt loose in the mini because they gave me what blue book value was so im happy. If i get bored ill scan the purchase agreement. Then maybe, just maybe you people can say how bad i got burned i thougt its kind of funny how you bash me for the way i purchase my cars, me and plenty of other people think leasing is 10X more attractive and choose to go that way. You dont see me sitting here bashing all of you for financing a car and that your stupid and you got burned and burried in it.
I asked what your opinions were on if i returned a car with modds on a lease, you all said return it to stock. Wish i could if i had the stock parts, then i could have sold the mods. You all said return it to stock, and what the dealer couldnt and could not do. I took a chance, i made out, and i'm happy with the results. But i guess i am the bad guy now. but oh well w.e. its just peoples opinions and they have no impact on my life anyway.

 

The problem here is that what you are describing is an exceptionally unrealistic occurrence. Nobody, and I mean, nobody here knows of a dealer who will just forgive excessive mileage or interior/exterior damage/modification to a lease car, like you're describing.

So, since we're all just "people on the internet", you won't mind that a few of us are flying the "BS" Flag on your story.

Because yes, "Well my dealer just overlooked all my mods and mileage and I got more than it's worth in trade"?

Definitely BS.

P.S. I like how suddenly the mention of you having put money down surfaces. Kinda makes someone with some common sense wonder why you even posted this in the first place.

 

But ultimately, I'm glad you got it taken care of and are on to bigger and better things!

 

thats what i said. you can call it bs all day long. i have a paper infront of me, that says all the numbers, thats why it doesnt bother me what people say. oh and i beleive i did mention i put money down on the bmw. I said nothing about putting money down when i bought the mini because it had nothing to do with the trade it. I mean hey, if a dealership looks at my car (The Wholesaler did) and thats what he wanted to pay for it. then damn, im not going to argue... I'm not trying to be some d1ck or whatever, im saying it is what it is, this is how things worked out. So.. end of story...

Ill post up some pics of the new car sometime over the weekend when i have a moment to shine it up...

So i didnt come on here to start with anyone, it was a simple question, people answered, i came on i said ok i went to the dealer this is how it worked out i got this and that and everyones happy, and all of a sudden i find myself search for an uneeded flame suit.. Im not fighting the fact that ok, i understand on a lease the dealer needs to return it to stock and they will charge you for it because they want to resell the car in stock form. Even ok if they are the ones who made a mistake. OK so be it. from my understanding the sales person said. its a 2004 with 43000 miles on it, we wont resell it here... the next thing i know a scrubby old fat guy is lookin at my car (the wholesaler) so i dont know?? People that i know personally friends/family i said they got me out of me mini with eq. everyone is suprised. i was too. i would have been happy if they gave me 13K for the car, but they didnt....

 

So the BOTTOM LINE is 6K down for the MINI, and you "rented" the car for a year, all those payments are gone and you made a $1000 of it back and then...put up another 7k to "rent" another car.

So there is 13K put down on autos, you still don't have any equity in ANY car and you are still "renting" from the lease company. Now you are on the hook for at least 30K, and probably, with depreciation, are again with little or no equity.

That's exactly what's wrong with leasing.

But, HECK, at least you're not BORED. Sounds like neither is your local car salesman, I am sure he is real NICE to you when you show up, "Free soda or coffee, Young Man?"

And I forgot the mega $$'s on the MODS that also went down the drain. How much was that another cool 5 or 10K? Some of us have to WORK for our money, that's all, so we try and not just flush the bucks down the toilet.

 

Leasing or Financing a car depretiates the same. For example i bought a 330Ci for 33,000 after taxes and all. Used... i drove it for a year, i was going to trade it and the dealer said 16,000 $ . Ok now what a great finacing deal huh? i was stuck with a payoff of 17,000 $ which if i bought a new car would have been rolled into my other financing. I won in that situation?...

Hmm ok, so i am "Renting" a car now.. the sticker was $45,990. So i lease the car and put 7K down, in both a lease and a finance that would be $38,990.00 is the "Total Balance" i pay the payments on a lease for 3 years, the payments are a little lower then a 5 or 6 year finance would be. So now in 3 years say after paying a lease of $450.00 like i do we are down to a balance owed of
$22,790.00 *The end of the lease buy out* so now lets say the car after 3 years is worth $20,000.00, so i owe $2,790.00. ok now lets divide $38,990.00 into 5 years of financing = a payment of about $649.00 a month. $649.00 X 36 = 23,364.00 Less 38,990 = $15,626.00 the car is worth $20,000.00 after the trade in you get around $4,500 back. Heres where it gets stupid. Over the 3 years in your financing situation you paid $7,164.00 more in payments at the end of 3 years. so the car depreciates the same in a lease or a finance doesnt matter. The money all goes somewhere and guess what it all evens out in the end Anyway.

So where the hell is your logic now? U finance your car at the end of 5 years your still paying the 46K, and if i decide to by my car after 3 years of lease Im paying 46K also... so leasing and financing means ****. one your an owner the other your "Renting" ones payemtns are cheaper or higher but the car STILL COSTS 46K.....

P.S. Ohh and bout the comment that "some people WORK for their money" you dont know me or who I am so if your trying to assume i was born with a silver spoon in my mouth? No sorry, and no i dont have the luxary of an office job that pays a steady paycheck every week.... I probably work harder for my money then you work for yours. Theres the math, have fun.

 

So did you pay the 17K, take the 16K from the dealer and put all that down on the Mini Lease? Is that why you were able to get out of it so easily with mods, high miliage etc and move into a family car?

 

no i was writing an example of a car i owned before the mini 2 years ago.

 

Let's see this actual LEASE. $38,900 on a 3 year lease and your payment will not be $450/mo.

Put 7K down on a $34,150 ticket price and a 6.5% sales tax rate and your payment is $449.29 with a residual of $17,401 and a money factor of .0029 @ 12,000 mile/year. (EDMUNDS.com LEASE Calculator).

Your hypothetical lease is missing about TEN to TWELVE thousand dollars.

TROLLING, anyone...

 

Your math is um...interesting.

 

 

Mine, or his? I tried the numbers he gave at the Edmunds lease calculator and it would come back at LEASE payments of over $600/month no matter what the term. Same 7K down payment, same 22K residual, @12K miles per year. I think business is the same even if it's in LA, LA land. He sounds Californian, right?

He said he had a scanner, I'd like to see the lease. I'll FAX a copy to that dealer and maybe I'll come pick up a 45K BMW and get rid of my wife's 2005 Passat SW that we make about the same payment for, heh?

 

Oh his, definitely. I still don't buy his explanation, but as I said before, it hardly matters since he said he doesn't care anyway.

And you hit the nail on the head. In the end, he's throwing away money and at the end, he still owns nothing.