QuickTopic free message boards logo
Skip to Messages

TOPIC:

Ask me anything about car leasing

^     All messages            576-591 of 591  560-575 >>
591
Markus AllenPerson was signed in when posted
05-18-2019
10:11 AM ET (US)
Hey hey Brendan,

Please check your account/email... I just posted answers to your questions.

- markus
590
Brendan
05-17-2019
10:07 PM ET (US)
Thanks for the response Markus. I bought your system and have been watching the videos. I am shopping this lease for my wife and was wondering if I should send the emails in her name, my name or a fake name? I would be doing all the negotiating, but her name would be on the lease and registration. Also, do I want to use the base MSRP of the Infinity QX60 as where I want to be at 1% or do I want to be at 1% of the MSRP of the car with trim line and options that I want?
589
Markus AllenPerson was signed in when posted
05-17-2019
03:19 PM ET (US)
Hey hey Brandan,

About your INFINITY QX60... the Disposition Fee is a skosh high (normally $350). The $700 bank fee is definitely raking you over the coals.

With that said:

When using my at-home leasing system, we do not care about the fees or down payments. Because we always ask for a single monthly payment price - always $0 cash down. This lets us truly know if we are getting a sweet deal or getting fleeced.

We do not care how the "stealership" arrives at this low monthly payment. We just want the darn car as close to the 1% rule as possible:

https://www.leasemorecarforlessmoney.com/1-percent-rule/

- markus
588
Brendan
05-17-2019
02:59 PM ET (US)
Hey Markus,
I am looking into leasing an Infinity QX60 and feel like I am getting raked over the coals with the $700 bank fee and $400 disposition fees. If I were to purchase your system does that get around paying for those fees or would they just roll them into the monthly payments?
587
Markus AllenPerson was signed in when posted
05-10-2019
07:52 PM ET (US)
DL,

Respectfully, I do not do well with nags.

I already said that I am working on a video for that page. I avoid giving dates because sometimes life gets in the way. But I am working on it right now... on a Friday night... so this video is a high priority for me.

My suggestion is to find another way to lease your car. I do not think you will be happy using my system.

- markus
586
DL
05-10-2019
07:40 PM ET (US)
Hey Markus,

Sorry to nag, but I need to take an action soon, and your clarification would really help.

I am sure that a video on "Revealed: How to skip the car dealership..." will be great. But, I'd appreciate it if you could simply show the calculations that led you, as you just mentioned again in your latest post here, to the conclusion that "it costs roughly the same to drive a mile in a lease car than it does a financed car or used car".

Wouldn't replying with a couple of lines here - just showing the numbers - easily explain the matter?
585
Markus AllenPerson was signed in when posted
05-10-2019
05:18 PM ET (US)
I wrote this blog post on why I HATE HATE HATE electric/hybrid cars for lease:
https://www.leasemorecarforlessmoney.com/leasing-electric-cars/

I would NEVER, EVER get a used car, either. This is the dumbest move ever (Dave Ramsey and Suze Orman are wrong about this). The exception is if you are super handy and get an under $1,000 junker.

Because:

It costs roughly the same to drive a mile in a lease car than it does a financed car or used car. And with my system, we do not put any money down - never. So we can lease a car for less than any other method of getting a car.

My system aims for the 1% rule (technically between 1% and 1.29%)... that is, 1% of the MSRP sticker price. So a $25,000 car is $250 - $323 a month. Again, that is all in - $0 cash down.

Getting a no-money down lease is crucial. Because it shows us which car is truly within our budget. Adding a down payment to a seemingly low monthly price is car-seller-math-magic. Most people forget to add the amount of the down payment into their monthly budget and wonder why their car is so expensive after getting their first payment coupon in the mail.

What I would do is see what monthly price you can afford. Then find a car here (popular cars sorted by MSRP):
https://www.kbb.com/new-cars/

Then use my leasing system to get yourself a new car using the 1% rule:
https://www.leasemorecarforlessmoney.com/KTL-order/

- markus
584
Valentina
05-10-2019
04:56 PM ET (US)
Yeah I did the math and it equaled out to 20k to buy it off and I see people selling the same car for half the price. What do you recommend I do in the time being? Finance a niceish used car or wait till holidays for lease deals or..?
583
Markus AllenPerson was signed in when posted
05-10-2019
06:50 AM ET (US)
Hey hey Valentina,

Actually, my clients tell me they have a super hard time even breaking even on trying to sell a used hybrid/electric car at lease end.

- markus
Edited 05-10-2019 06:50 AM
582
Valentina
05-10-2019
06:18 AM ET (US)
Hey! I hate math lol so real quick, I know u said it’s hard to sell and profit of a green car lease deal but green cars are more in demand now...I had a 3 year lease deal, 10k miles per year and in 8 months it’s over. I pay 64 per month it’s a fiat 500e 2017 white...can I sell it and get a profit??cause I’d like to get a car after it I’m just finishing college so I’m not rich yet lol. I want to figure out what to do now so I’m not screwed n car less by the time the lease ends thanks!!!
581
Markus AllenPerson was signed in when posted
05-03-2019
06:39 AM ET (US)
Hey DL,

I am making a new video about the page "Revealed: How to skip the car dealership..." - I will update this entry when it is ready.

Stay tuned.

- markus
580
DL
05-03-2019
01:27 AM ET (US)
Hey Markus,

I am a little confused by the math you are using in your "Revealed: How to skip the car dealership..." article to calculate the total cost of transportation per mile. You are saying you are dividing Consumer Reports’ costs numbers by 12,000 miles per year. I am really unclear what numbers, specifically, you are taking? Also, the article refers to the result as both 34 and 37 cents per mile - one of those is, probably, a typo?

You mention it a lot on this board - that no matter whether one buys or leases a new car, or buys a used one, in the end, all costs considered, the per mile cost is about the same. It would be great to be better able to follow your calculations as they lead to that conclusion.
Edited 05-03-2019 01:28 AM
579
Markus AllenPerson was signed in when posted
05-01-2019
08:57 PM ET (US)
Hey JS,

This is excellent news for you.

Yes, you use my system now.

And remember... truck lease specials typically last for the month or so. If they go away, my leasing system is useless.

- markus
578
JS
05-01-2019
05:22 PM ET (US)
Markus, thanks for the previous reply. I messaged multiple dealers around my area and several of them have "lease specials" while all of them are saying that they lease RAM 1500's. When you say find out if they have a lease offer, is that something different than them simply willing to lease a truck?
577
Markus AllenPerson was signed in when posted
04-30-2019
09:17 AM ET (US)
Hey hey JS,

Officially, my system only works for production cars sold here in the lower 48 states here in the USA.

Unofficially, it will work for most trucks, too. The problem is some trucks are not available for lease. It can change from one month to the next. You would need to visit a dealership website and see if there is a lease offer. If there is, you can use my system.

- markus
576
JS
04-30-2019
09:11 AM ET (US)
Hey Markus! Does your system work for all types of vehicles...specifically I'm looking to lease a 2019 RAM higher-end trim level? I leased this vehicle in 2016 and my lease is running out in the next month...thought I got a pretty good deal then but I'm not realizing the deal was just okay.

Thanks!
^     All messages            576-591 of 591  560-575 >>

Print | RSS Views: 3842 (Unique: 1512 ) / Subscribers: 13 | What's this?