Monthly Payment

[blazerSS06]

What is everyone Paying as far as Buying and Leasing there new Trailblazer SS.

Monthly Payment
How Much Down
and Terms?

Thanks,

A guy at my work just got one for $347.00 a month Lease with $1500 down. Has the silver with Leather. Sticker Prob $37K.

[blktbon20s]

What is everyone Paying as far as Buying and Leasing there new Trailblazer SS.

Monthly Payment
How Much Down
and Terms?

Thanks,

A guy at my work just got one for $347.00 a month Lease with $1500 down. Has the silver with Leather. Sticker Prob $37K.
He is straight up crazy! Why even consider LEASING a SS. U know the value is going to go up in a couple of years!

[PEDRO]

i think is more ss being leased around here.

[TonyGXP]

I lease because it's basically a win win situation, if it's a POS after a few years, I walk away, if I financed it, I would be upside down, been there, done that..if I want to purchase it, it will cost me about 20k at the end, that I can take a pension loan for and have it paid off in 2 years at 4%..

[ugotmale2day]

I put 15k down cash and my payments are right around 480 a month. Iam not into Leasing as for one i put more than 15k a yr on a truck, i want to wake up and go to sleep knowing the SS is mine (well one day when i pay it off) and lastly i want to do a bunch of mods to it so i feel more comfy knowing i can do whatever i want, when i want.
So all in all i pay about 500 a month for a new SS with 15 down here in California.

[TonyGXP]

what term & apr%? sounds like a lot of $$ for a 60mos? if it is..

[TexasTB]

I am buying mine, and I am paying $4............HEY, wait a stinkin' minute...I don't have an SS..........:mad:

[blazerSS06]

Tony GXP, what are the terms and monthly payment on your lease and what options do you have?

[ugotmale2day]

Tony, my SS i got for 36k and some change. I have a 6 1/2 Interest rate.

[The Dark SSide]

4 yr lease with 3k down w/20,000 miles for 382 mo.

Loaded LT everything except rear dvd

[matt04TB]

39mos, 12K/ yr, $2,000 down(plus some rebates), $399.42 per month. All options except rear DVD..

[Fishhunter911]

been this route before, told everyone my terms and all that good stuff, noone believed me. This was discussed in depth before, do a searh ALOT of guys responded, may provide more info.

[SSTB]

Im leasing, 0 down, 29 months, $313 a/mos. SS LS cloth interior, sun & sound package, 2WD. I love leasing and driving a new vehicle every few years. Its not for everbody especially if you drive more than 15K miles a year. You'll always have a car payment but you never have to worry about costly repairs because your always under a warranty. Just gas and go, no worries:)

[whatahottie]

Im leasing, 0 down, 29 months, $313 a/mos. Its not for everbody especially if you drive more than 15K miles a year.


So True!!! I put twice that in a year....

I priced the TB SS before they were even out of the factory, It was 40k fully loaded w/ DVD and Navi....

I think it was like almost 800.00 a month to finance w 6% intrest.... with o down. I was like F--- That....I figured i would end up spending over 50k on a brand new SS.....

I could by a Denali for that price :rolleyes:

[HOTRODSURFER]

lease??? monthly payment????:weird:

[03slt_soccal]

pay cash with no payments is the only way to go.

[1BADSS]

pay cash with no payments is the only way to go.
:iagree: I don't believe in car payments. I'd buy a used car if I had to.

[T-Mac]

11k down, 3 yr. loan at 4.9%. $752.00/mo. Didn't feel like dragging it out any longer than that.

[sbchamps]

Sign and Drive, $432.00/Month 36 month lease. I also like the idea of the option to keep it afterwards or say see ya (if it starts to fall apart).

[blazerSS06]

ok, thanks guys for the input. This is only my second post and I'm still learning the site and didn't know a search was possible. But I would like to thank everyone for there input. It helps going to the dealership with some understanding of what people are paying monthly.

[SoochSS]

27 month lease 0 down 342.00 a month sign and drive. :) Will buy at the end of the lease as Tony GXP stated....

[TonyGXP]

The purchase price of mine ended up at $30,5xx with 4yr registration (almost $400 in NJ, SUV's are double) tax made it around 32k, I leased it for 48mos, because I had to eat 6k from my GXP (who's value dropped like a brick in 7mos) so it ended up being 38k out the door for my 2WD LT w/all except Nav/DVD, sticker was $35,9xx before January whatever it was $39,5xx, so my payment is $503/mo just driving away, but I also got them to pay the first month's payment, no sec, so in turn I have a "47mo" lease at $503 which is fine because without the 6k debt, my payment would've been around $350/mo..live and you learn, my hobby (having to have nice new vehicles) costs me alot of $$$...I'd rather be happy and spend the extra $$$ than be miserable with a little extra in the bank..I went that route already and now that I can afford a couple of new vehicles, still go on vacations, out to dinner, money in the bank & trips to AC, so I have them...those trips to AC are a killer though:eek: ...

and I got whatever GM's lease rate APR was? maybe 4.5%, i'll look at the paperwork.

[blazerSS06]

ok, thanks

[AJSZR2326]

mine 347/mo 3 year lease loaded tbss 06 with every option there is, the ss might end up like the typoon/syclone but in 20 years i'd rather be driving something a little newer. plus after 3 yrs you have option to buy it.
thats when youll know if its worth it.:undecided

[blazerSS06]

347/month 3 year lease with Nav and rear DVD???

[FastFL]

Buying
$32-$34k (I forget) with everything - Zero Down
6.25%
72 Months
$580ish per mo

[fast06ss]

I LEASED MINE BACK IN JANUARY, I CAN BUY AT THE EMPLOYEE DISCOUNT, I ALSO GOT THEM TO DIP $500 INTO THE GM MONEY, THAT ALONG WITH THE CCR(CAP COST REDUCTION) AND REBATES I LEASED MINE A LOADED UP AWD WITH NAV. ZERO OUT OF POCKET FOR 27 MONTHS FOR $342.00 A MONTH. STILL DEBATING ON BUYING AT THE END OR NOT.

OH, ITS 15,000 MILES A YEAR.

[blazerSS06]

Fast06SS, you didn't lease that thing.... You STOLE it. That is a sweet deal...

[vizsla1822]

Did a 24 month Smarbuy in March 06. LT/AWD. Sunroof. Premium Paint. Loaded but no nav/entertainment system. $401.05/month.

Vizsla 1822
red jewel tintcoat SS

[AMRAAM4]

I LEASED MINE BACK IN JANUARY, I CAN BUY AT THE EMPLOYEE DISCOUNT, I ALSO GOT THEM TO DIP $500 INTO THE GM MONEY, THAT ALONG WITH THE CCR(CAP COST REDUCTION) AND REBATES I LEASED MINE A LOADED UP AWD WITH NAV. ZERO OUT OF POCKET FOR 27 MONTHS FOR $342.00 A MONTH. STILL DEBATING ON BUYING AT THE END OR NOT.

OH, ITS 15,000 MILES A YEAR.

I don't believe that, something is being left out.

[TonyGXP]

from what I've seen on here and friend's that bought them, the only difference in the purchase prices are nill.. i think some guys may be getting ripped on finance rates.

that's why I do the GMAC lease, set rate, everyone is paying the same (tier1 if you qualify) APR

..lots of dealers make their money on ridiculous finance rates, both leases and purchases, that's why you ALWAYS negotiate the BOTTOM LINE $$$$ for the vehicle first.. and if you don't get the APR you want, look into another bank on your own, or take the deal, make them take even more off the purchase and then the next day go and re-fi the car with someone else, make sure there's no pre-pay penalty, in NJ it's illegal.... whatever you do don't fall for that "what are you looking to pay a month??" that's the hook, ask any salesman (like a friend of family member, who'll be honest with you)

[Wojski]

I have been reading the forum for a few weeks now and finally put a deal together this week.

I'm picking up the car tomorrow night, Silver AWD TBSS all options except that rear DVD thing.

I'm putting 10k down, somehow got 5.74% on 60 months and paying $400 a month which I was using as my target to negogiate them down.

This will literally be my first new car, I've had my '94 Firebird for way too long now.

[2002SLT]

I'm picking up the car tomorrow night, Silver AWD TBSS all options except that rear DVD thing.
I'm putting 10k down, somehow got 5.74% on 60 months and paying $400 a month which I was using as my target to negogiate them down.

Wow! You're only borrowing $21k. That's the best deal I've heard yet. The sticker should be around $41K and invoice around $38. I know about the $1,500 rebate, but it looks like you got another $8k or so off of that.

[AMRAAM4]

that's why I do the GMAC lease, set rate, everyone is paying the same (tier1 if you qualify) APR


No, dealer can slide in up to 1 additional percentage point if you allow it to slip by.


And after going yesterday with Fishhunter911 to try and work a deal with a salesman who is a longtime friend of his family, I have no idea where the hell you guys are getting these prices. I get GMS, didn't even include the negative equity on the GTP yet, and would be paying tax/title/reg/first payment at signing (around $2450), and I couldn't sniff lower than $440 on a 39 month lease. (on a $38,4xx priced SS)

So, I am curious how so many people with $38-42k SS's are getting high $300, low $400 payments with NOTHING owed at signing, for 36 months or less. If someone knows the trick, by all means let me in on it, but with my GMS and the $1250 CCR/$1500 allowance there isn't much else to do.

[Wojski]

Wow! You're only borrowing $21k. That's the best deal I've heard yet. The sticker should be around $41K and invoice around $38. I know about the $1,500 rebate, but it looks like you got another $8k or so off of that.

I did get the $1500 rebate, I had $2000 on the GM Card and in addtion to the $10,000 I paid the tax, title charges up front and didn't finance them.

I'm actually a little surprsied I got this deal, I'm almost expecting a problem when I go to finalize it tonight. I hoping it's all in my head because on paper (been over them a million times) the numbers work, $400 a month.

[Fishhunter911]

I too would like to know this. We viewed the invoice and all the paper work. I KNOW for a fact that was the best he could do, I have bought many a vehicle from him, paying invoice or less. He has been a family friend for a lil under 15 years, he was actually in my fathers wedding, so I know there was no BS done on this deal.

Some of the numbers on here don't make sense to me. I do know different regions have different rates and so on and so forth. Maybe that is the part we are missing. :undecided

[AMRAAM4]

I too would like to know this. We viewed the invoice and all the paper work. I KNOW for a fact that was the best he could do, I have bought many a vehicle from him, paying invoice or less. He has been a family friend for a lil under 15 years, he was actually in my fathers wedding, so I know there was no BS done on this deal.

Some of the numbers on here don't make sense to me. I do know different regions have different rates and so on and so forth. Maybe that is the part we are missing. :undecided

I won't lie, I am a little bitter right now, but the difference in incentives for the regions would not be enough to make up for the large difference in payments.

Not busting on Wojski...but his last reply is a PERFECT example of the type of stuff I think people are leaving out. How their taxes/titling/etc. was paid, little discounts under the table they forgot, GM Card earnings put forth, trades, etc....

[Envoy Fan]

:undecided: Doesn't the residual value influence the monthly payment on a lease? Maybe different residuals are being used?

[AMRAAM4]

:undecided: Doesn't the residual value influence the monthly payment on a lease? Maybe different residuals are being used?

Yes, residuals would effect it, because if the residual is lowered then you are "paying more" for the X amount of time you are leasing. However, once again, the differences between Jan and now would have to be a good amount (off the cuff I am guessing a few thousand $ difference, which I can't see GM doing).

[natedogg302]

I have a fully loaded SS and I am leasing it for 36 months, 15k miles per year at 460 a month with nothing down. Well worth evey penny.

[blazerSS06]

Well I'm going to the dealership next week so I will keep everyone posted.
Heading to Chicago this weekend for a bachelor party and a cubs game. Can't wait.

[2002SLT]

Heading to Chicago this weekend for a bachelor party and a cubs game. Can't wait.

Better bring your Parka and rain gear. :D

[blazerSS06]

Is the weather going to be that bad.

[2002SLT]

Is the weather going to be that bad.

Not looking good. Sunday looks like the best day, 60 and a chance of rain.

[blazerSS06]

Great, I guess we will have to stay inside and drink our faces off. Ha Ha

[luvchampagne]

OK. Here's the details on a deal I turned down and how it gets there:
1. 2006 TB SS, LT w/ 1SE package, Sun & Sound, Side Air bags, 6cd & XM, Cargo Management Storage, No Nav and No DVD. MSRP of $36,200, sale price = $33,028 (salesman says this is $500 below invoice)
2. 24 months, 12k miles
Here are the details
Residual -- 69%
Lease rate -- 4.9% (this is not the money factor, but the "lease rate"
Adj Residual -- $25,668
Tot Term Dep -- $7360
Monthly Dep -- $306.67
Mo. Lease Chg -- $123.10
Base Payment -- $429.76
Monthly Tax -- $35.46
Tot Mo. Pymt -- $465.22
Tot Pymts -- $11165.28
Est Fees/Term -- $851.79
Tota Taxes -- $903.84

Drive off -- $1920.77
1st pymt -- $465.22
Sales Tax Upfront -- $52.80
1st year registration -- $287.75
Sec Deposit -- $475
GMAC Acquisition Fee -- $595
Documentation fee -- $45

I decided instead, to take over a lease for $393/month (including tax) for 21 months for a 2006 TB SS 2wd, LT, with NAV and MSRP of $40,230. No upfronts at all.

[blazerSS06]

Where did you take over the lease from?

[Envoy Fan]

I decided instead, to take over a lease for $393/month (including tax) for 21 months for a 2006 TB SS 2wd, LT, with NAV and MSRP of $40,230. No upfronts at all.

Looks like you got a real good buy on the lease :yes:

[luvchampagne]

Where did you take over the lease from?

Got it from a private party -- had it checked out by the dealership, one of the Hendrick Auto Group dealerships and got their AutoGuard pre-owned inspections done on it. Now, I'm trying to get it trucked from the East Coast to LA at a reasonable cost -- running about $1200 to do it these days. Then cross my toes and fingers and hope it's o.k.

[MikeLTZ]

Question about lease.I 3k more than my TB LTZ is worth.

IF I want to lease a new car will they take that amount and add it to the lease of the new car i get?

Just like if i was going to buy a new car. I know they will add what you owe onto the loan.

Thanks

[AMRAAM4]

Question about lease.I 3k more than my TB LTZ is worth.

IF I want to lease a new car will they take that amount and add it to the lease of the new car i get?

Just like if i was going to buy a new car. I know they will add what you owe onto the loan.

Thanks

Yes, they will do that. Figure rooooughly $25-28 added on top of the payment per $1000 you roll over

[Envoy Fan]

Question about lease.I 3k more than my TB LTZ is worth.

IF I want to lease a new car will they take that amount and add it to the lease of the new car i get?

Just like if i was going to buy a new car. I know they will add what you owe onto the loan.

Thanks

Why don't you sell your LTZ to a private party?

[Fleet]

Got it from a private party -- had it checked out by the dealership, one of the Hendrick Auto Group dealerships and got their AutoGuard pre-owned inspections done on it. Now, I'm trying to get it trucked from the East Coast to LA at a reasonable cost -- running about $1200 to do it these days. Then cross my toes and fingers and hope it's o.k.

Looks like $1200 upfront costs to take over that lease. At least GM lets you return the lease to any dealer at the end. When I leased from Ford, I had to ship it to the dealership I leased from. Pita. I've been looking over at swapalease and there are some good deals there for taking over leases.

[dre2142]

What is everyone Paying as far as Buying and Leasing there new Trailblazer SS.

Monthly Payment
How Much Down
and Terms?

Thanks,

A guy at my work just got one for $347.00 a month Lease with $1500 down. Has the silver with Leather. Sticker Prob $37K.

How did he manage that? Im plugging in my numbers into quote calculators, and Im getting higher numbers. (And I plan on putting down at least 8k)

EDIT: Nevermind..was messing up,lol

[blazerSS06]

Well guys I went to the dealership yesterday and WOW. There first offer was $650 months on a 48 month lease. HAAAAAAAAAA So I said no way and after 45 mins of them playing with numbers they said the best they could do was $429/month 36 month lease with 10K miles with $2500.00 down. This was the AWD with sunroof just no Nav and No DVD. Not sure but I think I can get something better than that even if I have to wait til mid summer. What do you think?

[AMRAAM4]

Well guys I went to the dealership yesterday and WOW. There first offer was $650 months on a 48 month lease. HAAAAAAAAAA So I said no way and after 45 mins of them playing with numbers they said the best they could do was $429/month 36 month lease with 10K miles with $2500.00 down. This was the AWD with sunroof just no Nav and No DVD. Not sure but I think I can get something better than that even if I have to wait til mid summer. What do you think?

Unless this is going ot be a "fun driver" and not used a lot, 10k miles isn't much.

[Envoy Fan]

Well guys I went to the dealership yesterday and WOW. There first offer was $650 months on a 48 month lease. HAAAAAAAAAA So I said no way and after 45 mins of them playing with numbers they said the best they could do was $429/month 36 month lease with 10K miles with $2500.00 down. This was the AWD with sunroof just no Nav and No DVD. Not sure but I think I can get something better than that even if I have to wait til mid summer. What do you think?

I'm thinking you should shop another dealership or two. I shopped 6 dealers in two states before buying my Envoy Denali. Final savings was well worth the effort.

They are really playing with the numbers with the 10K miles and $2.5K down. Not much different than their origional quote.

[bhobbs]

I only drive about 12k a year but keep cars until the wheels fall off so i bought mine and paid cash..Looked at an x5 4.6is and this about 1/2 the cost and drives as well as any suv out there. Every time I drive the ss it puts a smile on my face.

Everones situation is different but if you are going to keep the car at the end of the lease you will save some money buying it.

[blazerSS06]

Well I got mine yesterday and got a nice deal $375 month 0 Down for 36 month lease. 12K miles. Man I love driving this thing.....

Black SS fully loaded excpet Nav and DVD...

[AMRAAM4]

Well I got mine yesterday and got a nice deal $375 month 0 Down for 36 month lease. 12K miles. Man I love driving this thing.....

Black SS fully loaded excpet Nav and DVD...
As I stated before, where's the piece you (and many others) are leaving out? How much did you have to pay out of pocket for taxes/title/reg? How much was your trade in??

That's a $34k vehicle even at GMS, and there is only $1250 CCR available. Your number just doesn't work according to what you have written.

[Dave]

There are so many variables to leasing or buying a car. I would never tell a dealer I want XX amount of payment and we got a sale. GM Card credits are great but they shouldn't be counted towards the price of the vehicle because you paid $95 extra dollars to get that $5 off. GM card finance rates are terrible so if you don't pay it off you already loss that $5 per $100.

Taxes and licensing changes a lot between states. In some states you can lower the sales tax by trading in a vehicle. So Mr X buys a $30000 vehicle and pays 7% sales tax or around $2100 while Mr Y buys the same vehicle and pays $300. Who got the better price in the end. I also pay $150 to register a vehicle in Utah compared to places like VA that charge by percentage.

Paying for the vehicle in cash is great if you already have great credit and can afford a 20-33 depreciation in the first year.

I don't like leasing because I don't want to count my miles because I easily go over 15k per year per vehicle. Some dealers that lease are known to be extremely picky when you turn the vehicle back in.

If you think the total interest charges on a car loan is bad, wait to you see a house:eek: You are then talking about 6 digit figures.

[blazerSS06]

No out of pocket. I did trade in my 04 Vette in which dealers were offering me 30K for it. I only owed 20K on it and they are cutting me a check for 10K. So not sure if they gave me more than 30K for the trade and used it as the deposit or not?

[JCAD522]

im paying 605 for a lease of 39 months for fully loaded trailblazer. It is so high because i had to eat two years on my previous lease that i had on an 04 tb lt. couldnt be happier..i plan to buy at end of lease

[TonyGXP]

GM Card credits are great but they shouldn't be counted towards the price of the vehicle because you paid $95 extra dollars to get that $5 off. GM card finance rates are terrible so if you don't pay it off you already loss that $5 per $100.



I have a GM card that I use for everything, Food Shopping, Gas, even eating out, I pay the entire bill every month, the rate is like 16% or something ridiculous, I don't carry any CC balances (I learned at 20yo, not to ever do that again) thankfully at almost 33 I can aford to do that, so I take full advantage of the 5% earnings, and they probably hate people like me, back in the day I even had a CC company (Discover) tell me they had to raise my rate, because I didn't carry a balance, I said cancel the acct. 10yrs later and I tear the offers up whenever they come, F-Them, if nay of you guys haven't "chewed" your CC companies a new ass to get your rate lowered (my brothers never did this until I told them it could be done) do it, tell them you got a better offer and you are thinking about transfering your balance over to the other card, I have 2 master/visa cards with 4.9 & 5.9 fixed for life on purchases, and still get 0% on balance transfers until the balance is paid..just an fyi, hope it helps someone out..

[AMRAAM4]

I have a GM card that I use for everything, Food Shopping, Gas, even eating out, I pay the entire bill every month, the rate is like 16% or something ridiculous, I don't carry any CC balances (I learned at 20yo, not to ever do that again) thankfully at almost 33 I can aford to do that, so I take full advantage of the 5% earnings, and they probably hate people like me, back in the day I even had a CC company (Discover) tell me they had to raise my rate, because I didn't carry a balance, I said cancel the acct. 10yrs later and I tear the offers up whenever they come, F-Them, if nay of you guys haven't "chewed" your CC companies a new ass to get your rate lowered (my brothers never did this until I told them it could be done) do it, tell them you got a better offer and you are thinking about transfering your balance over to the other card, I have 2 master/visa cards with 4.9 & 5.9 fixed for life on purchases, and still get 0% on balance transfers until the balance is paid..just an fyi, hope it helps someone out..

5% earnings? Why is my GM Flexcard 1%. Then again, I can't use any of it anyway, they don't allow it anymore with GMS pricing. Which, IMO is bull****.

[SSinTn]

Mine listed a little under $38,000. I paid invoice of 34K+ and got the $1500 rebate. I traded my '06 Camry and '02 GMC pickup. The Camry was upside down by $4,000 but the truck netted $11,000 after payoff. That gave me a down payment of about $7,000. My GM card got me $2100 (I pay it off every month) so with the rebate, trade-in credit, GM card all to my credit then add doc. fee and taxes I financed $25,000 & change at 5.75% and ended up with a 60 mo. note of $495.00.

One thing everyone should look out for is a payoff charge. In TN. is's a maximum of 2% and almost every dealer will tell you that all financial institutions charge it. That's not true. With good credit you can get a loan without it.

[orangehole]

I think alot of people with these real low payments are either telling lies or they have other discounts like GM credit card rebates. The best I can do and this is the deal I am thinking of is $475/month 36month 12k/yr on a fully loaded TBSS with Nav MSRP 40.2k. Just 1st month and security down + tags. About 1k. My other quotes were 500-550 from 3 other dealers. PA has to pay 9% tax per month on the lease which sucks!

[JBoudreaux]

:p :p :p

[1BADSS]

I think alot of people with these real low payments are either telling lies or they have other discounts like GM credit card rebates. The best I can do and this is the deal I am thinking of is $475/month 36month 12k/yr on a fully loaded TBSS with Nav MSRP 40.2k. Just 1st month and security down + tags. About 1k. My other quotes were 500-550 from 3 other dealers. PA has to pay 9% tax per month on the lease which sucks!

Thought you didn't like the SS.


orangehole
Things that dissapointed me

1. Bose system did not sound very good
2. The thing didnt move unless you mashed down the gas pedal and then it did take off!
3. Suspension although stiff provided a bumpy ride
4. No big V8 rumble unless you floored it.
5. I got 5.2mpg on my test drive
6. No remote start
7. Breaks didnt seem that great to me but then again you are stopping a much bigger vehicle.
8. Only 1 cd/dvd slot on Nav so if you use the NAV you get no CD to listen to

[orangehole]

Thought you didn't like the SS.

Oh I did have problems with the TBSS but I can solve 2 of the issues by adding the Neucleus ipod adapter ($200) and the dealer will install a remote start for me. I have to say that every car I test drove had issues. I don't think I can afford the perfect car that I want so there will always be issues. It boils down to what issues I can tolerate. I am leaning towards 3 vehicles. The TBSS, Grand Prix GXP and the 07 Camry XLE v6. Based on all 3 lease rates the Camry is most expensive, then the TBSS then the GXP. The Toyota lacks charachter but is very comfortable and mushy. All 3 are very close in payments but we are talking about a 40k SUV vs two 30k sedans. I think an SUV for the winter would be practical but gas is going to be a killer. I am still confused and my wife will no longer discuss the purchase with me. I am a undecided fool! :confused:

[TonyGXP]

Thought you didn't like the SS.

Hemi, do we know him??

[AMRAAM4]

:p :p :p
The people who brag about this "I paid cash" BS make me laugh. Who really gives a crap? In fact, unless you're planning on keeping the car for 7-10 years it is a terrible financial decision. Cars aren't investments. It doesn't make you a "baller" because you paid in cash, it shows you don't understand true finance. As I said, unless you are going to keep the vehicle for an extensive amount of time (which, 90% don't in this type of arena because something new comes along)...the best decision is to lease. Yes, you are paying some interest, but you are still only paying for a fraction of the vehicle you actually used. You're not pissing $40k away to then hope to get $10k or so back in 4 or 5 years. Instead, you pay less than 50% out of your pocket and get a new vehicle after a shorter timeframe.

[2002SLT]

The people who brag about this "I paid cash" BS make me laugh. Who really gives a crap? In fact, unless you're planning on keeping the car for 7-10 years it is a terrible financial decision. Cars aren't investments. It doesn't make you a "baller" because you paid in cash, it shows you don't understand true finance. As I said, unless you are going to keep the vehicle for an extensive amount of time (which, 90% don't in this type of arena because something new comes along)...the best decision is to lease. Yes, you are paying some interest, but you are still only paying for a fraction of the vehicle you actually used. You're not pissing $40k away to then hope to get $10k or so back in 4 or 5 years. Instead, you pay less than 50% out of your pocket and get a new vehicle after a shorter timeframe.

I didn't pay cash, but I don't see your logic either. Unless you get financing for less than your money can make elsewhere, you're better off using it. Also, I would never consider leasing a vehicle. I've seen a few friends get burned at the lease end for piddly little things like door dings. Also, over mileage charges, because they had to change jobs and drive further than when they first signed the contract.

[1BADSS]

Hemi, do we know him??

He's the one over on ClubGP that started on the last TBSS thread that got E1 hyper at you.

Right here..Unless there's another "orangehole" looking at a GXP and a TBSS
http://www.clubgp.com/newforum/tm.asp?m=3124474&p=1&tmode=1&smode=1

[cmadams4]

I didn't pay cash, but I don't see your logic either. Unless you get financing for less than your money can make elsewhere, you're better off using it. Also, I would never consider leasing a vehicle. I've seen a few friends get burned at the lease end for piddly little things like door dings. Also, over mileage charges, because they had to change jobs and drive further than when they first signed the contract.


I financed my truck at 2.9%... my invesments on average are neting about 11%/year. No brainer!

[2002SLT]

I financed my truck at 2.9%... my invesments on average are neting about 11%/year. No brainer!

Damn, that's a great rate you got. I'm at 4.9% for 60 mo's and thought that was good.

How's your 11% been adding up these past couple days? Market's down over 300pts yesterday and today. :eek: My investments are taking a hit. :(

Edit:
I just noticed that you were in Canada, so I don't know about your markets.

[AMRAAM4]

I didn't pay cash, but I don't see your logic either. Unless you get financing for less than your money can make elsewhere, you're better off using it. Also, I would never consider leasing a vehicle. I've seen a few friends get burned at the lease end for piddly little things like door dings. Also, over mileage charges, because they had to change jobs and drive further than when they first signed the contract.

I can lease a vehicle for 48 months and be out of it for free after that with less out of my pocket than someone who paid in cash out of their pocket, and wants to trade it in after their 48 months.

As I stated, if you WANT to keep the vehicle long term, paying in cash up front is optimal. For those who want a car every 60 months or less though (most, due to the car being beat or just wanting the new coolness), it's better to lease within your realm and then just move on.

There are a ton of variables, but my main point here is, the people that make comments like they are Mr. Moneybags because they paid in cash just scream "I need to be noticed". My GTO and GTP aren't paid in cash, but my RX7 and all the work done to it is (equal to sticker on a loaded TB SS). Does that make me a "baller"?? No. I did it because I am keeping that car for a collector. The GTO and GTP are one night stands.

[04TBEXT]

:no: There is no comparison between owning and leasing a vehicle. It's like trying to compare owning a home to renting a home. With leasing, like renting, you have zero equity (no ownership). In today's housing market, owning a home may be a financially sound, because of its appreciating value. With an automobile and its depreciating value, its just the opposite. In order to make money on a vehicle, it would have to be super rare or extremely old & desireable.
:rolleyes: And just my own observation, to quote AMRAAM4 about Mr. Moneybags who scream, "I need to be noticed" typically do not have the real financial depth they want you to think they have.

[John Skiba]

from what I've seen on here and friend's that bought them, the only difference in the purchase prices are nill.. i think some guys may be getting ripped on finance rates.

that's why I do the GMAC lease, set rate, everyone is paying the same (tier1 if you qualify) APR

..lots of dealers make their money on ridiculous finance rates, both leases and purchases, that's why you ALWAYS negotiate the BOTTOM LINE $$$$ for the vehicle first.. and if you don't get the APR you want, look into another bank on your own, or take the deal, make them take even more off the purchase and then the next day go and re-fi the car with someone else, make sure there's no pre-pay penalty, in NJ it's illegal.... whatever you do don't fall for that "what are you looking to pay a month??" that's the hook, ask any salesman (like a friend of family member, who'll be honest with you)

One of the biggest reason salesman ask that question is to qualify you to see if you have realistic expectations! Can't tell you how many times I've heard my guys say that so and so wants to be $300 a month for 60 months on a $35,000 vehicle!!!:crazy: I don't know how people can't multiply 300 by 60 and save themselves the embarrasement. To make the math even THAT much simpler, lets assume 0% finance charge. LOLs
If it wasn't so sad it would be amusing, but you would be amazed how many people are shocked that 300 x 60 doesn't equal 35,000 !!! :cry:

[John Skiba]

I have a GM card that I use for everything, Food Shopping, Gas, even eating out, I pay the entire bill every month, the rate is like 16% or something ridiculous, I don't carry any CC balances (I learned at 20yo, not to ever do that again) thankfully at almost 33 I can aford to do that, so I take full advantage of the 5% earnings, and they probably hate people like me, back in the day I even had a CC company (Discover) tell me they had to raise my rate, because I didn't carry a balance, I said cancel the acct. 10yrs later and I tear the offers up whenever they come, F-Them, if nay of you guys haven't "chewed" your CC companies a new ass to get your rate lowered (my brothers never did this until I told them it could be done) do it, tell them you got a better offer and you are thinking about transfering your balance over to the other card, I have 2 master/visa cards with 4.9 & 5.9 fixed for life on purchases, and still get 0% on balance transfers until the balance is paid..just an fyi, hope it helps someone out..

Exactly... this time it got me $2500 or max amount allowed on my TBSS! I would of used a credit card anyways, might as well use this one. They don't like me as they don't make money off of me, but it sure helps my GM car purchases. :p

[AMRAAM4]

:no: There is no comparison between owning and leasing a vehicle. It's like trying to compare owning a home to renting a home. With leasing, like renting, you have zero equity (no ownership). In today's housing market, owning a home may be a financially sound, because of its appreciating value. With an automobile and its depreciating value, its just the opposite. In order to make money on a vehicle, it would have to be super rare or extremely old & desireable.
:rolleyes: And just my own observation, to quote AMRAAM4 about Mr. Moneybags who scream, "I need to be noticed" typically do not have the real financial depth they want you to think they have.

Not sure which side you are on, but here is a simple rule.

You RENT things that depreciate. You BUY things that appreciate.

Cars depreciate. Homes Appreciate.

[04TBEXT]

I agree with your RENT/BUY logic. My point was regarding the difference between leasing & purchasing, as it has no comparison. You RENT when you lease and BUY when you "pay for it with cash" or through a financial arrangement.
There is no ownership when leasing. The outlay of cash is greater in ownership. You don't lose any of your 11% return on your investment when you lease, but you don't own anything either...your simply paying for useage.
Each of the financial methods should be judged on their own merits.

[SSmokinTB]

I thought it was kind of ironic that instead of paying the $5500 downpayment on my wifes Nissan Murano that we put it on the GM card and paid it off at the end of the month. :D The finance officer at the Nissan dealer gave me a funny look, but didn't say anything. $5500 x .05 = $275 on my next GM vehicle.:woot:

[Dave]

I agree with your RENT/BUY logic. My point was regarding the difference between leasing & purchasing, as it has no comparison. You RENT when you lease and BUY when you "pay for it with cash" or through a financial arrangement.
There is no ownership when leasing. The outlay of cash is greater in ownership. You don't lose any of your 11% return on your investment when you lease, but you don't own anything either...your simply paying for useage.
Each of the financial methods should be judged on their own merits.

That is great if you don't drive much during the year. I average 20k a year when I'm home the whole year so I just buy my cars. Besides you never know when something comes up and you have to get rid of the car. I had to dump my CTS V because of a hip problem. I took a big hit but I probably wouldn't be able to drive it today if I didn't sell it.

With a lease, you are stuck for around 3 years.

[Dave]

I thought it was kind of ironic that instead of paying the $5500 downpayment on my wifes Nissan Murano that we put it on the GM card and paid it off at the end of the month. :D The finance officer at the Nissan dealer gave me a funny look, but didn't say anything. $5500 x .05 = $275 on my next GM vehicle.:woot:

As long as you don't have to pay interest on the GM Card. They are high compared to other credit cards and most loans.

[2002SLT]

That is great if you don't drive much during the year. I average 20k a year when I'm home the whole year so I just buy my cars. Besides you never know when something comes up and you have to get rid of the car. I had to dump my CTS V because of a hip problem. I took a big hit but I probably wouldn't be able to drive it today if I didn't sell it.

With a lease, you are stuck for around 3 years.

:iagree: Main reason I don't lease. You can't plan for the unexpected.