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Ask me anything about car leasing

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597
Markus AllenPerson was signed in when posted
06-02-2019
11:22 AM ET (US)
Hey hey Manny,

I would not worry about your cracked screen at all... because you can probably flip your end-of-lease CRV for a profit - even with your cracked screen.

Read this:
https://www.leasemorecarforlessmoney.com/flip/

- markus
596
Manny
06-02-2019
11:20 AM ET (US)
I cracked the navigation screen of my leased 2016 Honda CRV. my lease is up in 3 months and to replace the whole unit (which still works just the screen is cracked) with OEM is 3k could I replace it with an aftermarket stereo for $200 so would I get penalized because I don't have the original equipment? I don't want to keep the car, I have very low miles on the vehicle, I am not even at 27K I only drive to work which is 8 miles round trip and stay mostly local. But because I don't want to pay for OEM, I am considering keeping the car and then trading it in in a few months.
595
Markus AllenPerson was signed in when posted
05-23-2019
02:43 PM ET (US)
Hey CMM,

You can either turn in your end-of-lease vehicle...

OR:

Try to flip it for a profit:
https://www.leasemorecarforlessmoney.com/flip/

- markus
594
CMM
05-23-2019
02:22 PM ET (US)
My son leased a ford explorer for 2 years. Inspection was done and minimal charge so they say. Under mileage. The question I have is does he just go to the dealer and drop it off and that's the end? Or are we missing something. Does money come back to him? I have never leased and the stories I hear are conflicting on options. etc. I'm just trying to understand what I don't know....any help would be great...thanks
593
Markus AllenPerson was signed in when posted
05-20-2019
04:25 PM ET (US)
Hey hey w126c...

That Volvo V90 wagon is SWEET. I am getting a 2019 version myself once the 2020 hits the streets.

With that said - the good news is YES. My system works all-new cars, too. When you get my system, go to the Tutorials & Reference page -> then search for "How to find rare production cars at the best price"

- markus

By the way: the 2020 vs the 2019... not sure it is much of a difference (e.g. a self-parking system... no biggie). And the 2019 is in stock and can be had at a great price.
Edited 05-20-2019 04:35 PM
592
w126cPerson was signed in when posted
05-20-2019
04:21 PM ET (US)
Hi Markus,

I'm looking into leasing a 2020 Volvo V90 T6 Inscription wagon. (MSRP $67,020.) Unfortunately the only way to get the options I want, is to special order the car. So will your program work with a lease on a special order car? Am I at the mercy of the dealership?

Regards,
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!!!
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