Trading up on a lease

[Anonymous]

Anonymous wrote:My Toyota has 1yr left on the loan. I have a no interest loan and put $0 down. I owe $7,000 and the blue book value is $13,000. I have had no repairs outside of regular maintenance and am still on the original tires. Also, Toyota is well known to make cars that don't have a lot of problems. I kept my last car 12 years. I would like to keep this car a long time too. Possibly give it to my kids when they start driving and I'll get a new one then. I wouldn't want to give them a new car when they first start driving after all.

Good for you. It is always better to drive a car till the wheels fall off. But nothing you said responds to PP's point about why it makes financial sense in some situations to lease.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My Toyota has 1yr left on the loan. I have a no interest loan and put $0 down. I owe $7,000 and the blue book value is $13,000. I have had no repairs outside of regular maintenance and am still on the original tires. Also, Toyota is well known to make cars that don't have a lot of problems. I kept my last car 12 years. I would like to keep this car a long time too. Possibly give it to my kids when they start driving and I'll get a new one then. I wouldn't want to give them a new car when they first start driving after all.

I think every car thread that goes on long enough will have a Japanese econobox driver come in and tell everyone how much smarter they are for buying a Toyota/Subaru/Honda even if it has nothing to do with the topic at hand. Nothing in Toyota’s current lineup is attractive or fun to drive compared to European vehicles.

The Camry has as much leg room as the largest SUV’s. I know, I’ve researched it.

[Anonymous]

Your first mistake was a 42 month lease. Are you cash strapped? Have you gotten a raise at work since signing the lease? I question if you can afford a more expensive A6 or Q5.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My Toyota has 1yr left on the loan. I have a no interest loan and put $0 down. I owe $7,000 and the blue book value is $13,000. I have had no repairs outside of regular maintenance and am still on the original tires. Also, Toyota is well known to make cars that don't have a lot of problems. I kept my last car 12 years. I would like to keep this car a long time too. Possibly give it to my kids when they start driving and I'll get a new one then. I wouldn't want to give them a new car when they first start driving after all.

I think every car thread that goes on long enough will have a Japanese econobox driver come in and tell everyone how much smarter they are for buying a Toyota/Subaru/Honda even if it has nothing to do with the topic at hand. Nothing in Toyota’s current lineup is attractive or fun to drive compared to European vehicles.

And to them I say Takata airbag recall, what are we at now, 40 million?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My Toyota has 1yr left on the loan. I have a no interest loan and put $0 down. I owe $7,000 and the blue book value is $13,000. I have had no repairs outside of regular maintenance and am still on the original tires. Also, Toyota is well known to make cars that don't have a lot of problems. I kept my last car 12 years. I would like to keep this car a long time too. Possibly give it to my kids when they start driving and I'll get a new one then. I wouldn't want to give them a new car when they first start driving after all.

I think every car thread that goes on long enough will have a Japanese econobox driver come in and tell everyone how much smarter they are for buying a Toyota/Subaru/Honda even if it has nothing to do with the topic at hand. Nothing in Toyota’s current lineup is attractive or fun to drive compared to European vehicles.

And to them I say Takata airbag recall, what are we at now, 40 million?

The airbags are only dangerous if they're really old

Put your safety before false pretense, but you do you

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My Toyota has 1yr left on the loan. I have a no interest loan and put $0 down. I owe $7,000 and the blue book value is $13,000. I have had no repairs outside of regular maintenance and am still on the original tires. Also, Toyota is well known to make cars that don't have a lot of problems. I kept my last car 12 years. I would like to keep this car a long time too. Possibly give it to my kids when they start driving and I'll get a new one then. I wouldn't want to give them a new car when they first start driving after all.

I think every car thread that goes on long enough will have a Japanese econobox driver come in and tell everyone how much smarter they are for buying a Toyota/Subaru/Honda even if it has nothing to do with the topic at hand. Nothing in Toyota’s current lineup is attractive or fun to drive compared to European vehicles.

The Camry has as much leg room as the largest SUV’s. I know, I’ve researched it.

It doesn't. I've sat in both.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Not the PP but don't talk with certainty about stuff you have no idea about. Only an idiot would buy a depreciating German vehicle that costs a fortune to fix outside of warranty. Every auto lease agreement has a payoff amount which is between you and the manufacturer's financing arm. If halfway through the lease you liked the car so much you wanted to own it forever you could write a check to the bank and get the title, the originating dealer no longer has anything to do with it. OP would be taking a bath whether he buys the A4 and sells after 24 months or leases and then 24 months in decides he wants out. The dealer likely blew OP off as the type of person who leases an A4 for $399/month is not going to have $12k lying around to upgrade to a more expensive vehicle.

don't disagree that yes it would take an idiot to buy a brand new "insert any vehicle name here" especial something from Europe.

but it takes just as big of an idiot to rent a vehicle and make payments and not have anything to show for it at the end of the rental agreement (thats what a lease is is more or less, a fancy long term rental agreement)

once you start leasing, its really hard to get off the train. since at the end of the lease term you either turn the vehicle in and start a another lease, or buy out the lease (at usually higher than value of the vehicle.) now if you are in a sales type job where were are required by your job to have a car that is no more than 3 years old and youa re getting stipends, then by all means, lease.

This. Leasing is just signing up to have a car payment for LIFE. Sure the payment may be less, but you never get rid of it. You’re also very restricted given you have to get a new lease after 3-4 years OR buyout the lease.

Leasing is for :

1. People who want to drive a more expensive car than they can afford
2. People who can write off their car
3. People who have crazy amounts of money and really don’t care about renting a car

For a normal person, leasing is a horrible idea. Everyone I know who leases spends way more than they should.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not the PP but don't talk with certainty about stuff you have no idea about. Only an idiot would buy a depreciating German vehicle that costs a fortune to fix outside of warranty. Every auto lease agreement has a payoff amount which is between you and the manufacturer's financing arm. If halfway through the lease you liked the car so much you wanted to own it forever you could write a check to the bank and get the title, the originating dealer no longer has anything to do with it. OP would be taking a bath whether he buys the A4 and sells after 24 months or leases and then 24 months in decides he wants out. The dealer likely blew OP off as the type of person who leases an A4 for $399/month is not going to have $12k lying around to upgrade to a more expensive vehicle.

don't disagree that yes it would take an idiot to buy a brand new "insert any vehicle name here" especial something from Europe.

but it takes just as big of an idiot to rent a vehicle and make payments and not have anything to show for it at the end of the rental agreement (thats what a lease is is more or less, a fancy long term rental agreement)

once you start leasing, its really hard to get off the train. since at the end of the lease term you either turn the vehicle in and start a another lease, or buy out the lease (at usually higher than value of the vehicle.) now if you are in a sales type job where were are required by your job to have a car that is no more than 3 years old and youa re getting stipends, then by all means, lease.

This. Leasing is just signing up to have a car payment for LIFE. Sure the payment may be less, but you never get rid of it. You’re also very restricted given you have to get a new lease after 3-4 years OR buyout the lease.

Leasing is for :

1. People who want to drive a more expensive car than they can afford
2. People who can write off their car
3. People who have crazy amounts of money and really don’t care about renting a car

For a normal person, leasing is a horrible idea. Everyone I know who leases spends way more than they should.

+1
Unfortunately the pro-lease crowd here will argue with you about this. They claim that having the "newest technology" every three years and driving a brand new car is worth it. They make outrageous claims that every car breaks down and costs $3,000 a year for repair work after the warranty expires. They obviously have very little experience with modern cars. Most modern cars only need oil changes and a couple sets of tires from years 6-10. Longer if you don't drive it a lot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My Toyota has 1yr left on the loan. I have a no interest loan and put $0 down. I owe $7,000 and the blue book value is $13,000. I have had no repairs outside of regular maintenance and am still on the original tires. Also, Toyota is well known to make cars that don't have a lot of problems. I kept my last car 12 years. I would like to keep this car a long time too. Possibly give it to my kids when they start driving and I'll get a new one then. I wouldn't want to give them a new car when they first start driving after all.

I think every car thread that goes on long enough will have a Japanese econobox driver come in and tell everyone how much smarter they are for buying a Toyota/Subaru/Honda even if it has nothing to do with the topic at hand. Nothing in Toyota’s current lineup is attractive or fun to drive compared to European vehicles.

The Camry has as much leg room as the largest SUV’s. I know, I’ve researched it.

It doesn't. I've sat in both.

You're right, there is a whopping 3 inches more leg room in the expedition. Wow! Sounds like you haven't sat in a modern sedan. Current model Camry's aren't like the models from the 80's.
https://www.caranddriver.com/ford/expedition-expedition-max/specs
Second Leg Room : in 41.5

https://www.toyota.com/camry/features/dimensions/2550/2514/2532
Leg room
42.1(front)/38.0(back)