"WiscoProud" (wiscoproud)
10/05/2018 at 11:27 • Filed to: None
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"WiscoProud" (wiscoproud)
10/05/2018 at 11:27 • Filed to: None | 0
| 7 |
So i discovered Leasetrader.com today and was perusing it for shits and giggles, when i came across this gem.
!!!error: Indecipherable SUB-paragraph formatting!!!
Apparently, you can take over this guys lease for the final 8 months at a cost of $1,495/month. How could this be so high? 36 payments would equal almost $54k and assuming he put $6-7k down, means he basically paid it off. Its only a $65k car after all.
Looking at the MB website, you can lease a 2018 with the same terms for $7,370 down and payments of $1,185.
He had to have rolled something over into this, right?
Side note: the 2015s are retailing for about $55k used, so you could buy one outright for a payment 50% lower.
Highlander-Datsuns are Forever
> WiscoProud
10/05/2018 at 11:42 |
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Bad credit and an upside down loan on a previous trade in, so like no down payment.
WilliamsSW
> WiscoProud
10/05/2018 at 11:47 |
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And apparently the current lessee drove it a grand total of 7, 000 miles for that 150 0/ month for the last few years.
Talk about pissing away money...
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WiscoProud
> Highlander-Datsuns are Forever
10/05/2018 at 11:47 |
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Can you roll an upside loan over into a lease? I really have no idea.
Also, would they lease the car if you can’t put anything down? I know you can get a zero down loan, but I can you do the same for a lease?
Ash78, voting early and often
> WiscoProud
10/05/2018 at 11:52 |
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Do you know what the buyout value is at the end (residual)?
I might be using the wrong term, but with this lease arrangement, I’d expect to see a really cheap payoff at the end so you could buy the car for a great price.
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Highlander-Datsuns are Forever
> WiscoProud
10/05/2018 at 11:53 |
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I doubt you can roll an upside down loan into a lease, un
less there is some serious fuckery going on. I bet you could do zero down or just fees and title, you
end up paying for it over the term of the lease.
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WiscoProud
> Ash78, voting early and often
10/05/2018 at 11:53 |
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No idea. I didn’t see a residual value when i ran the number for a 2018 either.
RPM esq.
> WiscoProud
10/05/2018 at 13:56 |
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It’s a C63 S with some options, so it was more like a $70- 75k car new, but that’s still a pretty bad lease.