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Author Topic: Thanks to Neil I now own my car :)  (Read 1421 times)

Offline wing

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Thanks to Neil I now own my car :)
« on: September 02, 2005, 10:20:22 pm »
The car is no longer leased.  As of 5:00 today I got my ownership transfered from Honda to Me!

Thanks to Neil for helping me out :)

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Offline ovr50

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Re: Thanks to Neil I now own my car :)
« Reply #1 on: September 02, 2005, 10:29:51 pm »
Congrats, James, that should make life a bit easier for you. And for your winter insurance??
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Offline wing

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Re: Thanks to Neil I now own my car :)
« Reply #2 on: September 02, 2005, 10:32:21 pm »
No no, doesn't change that until I pay off the Loan that Neily boy set me up with.

BUT, I have figured out a way to accumulate the cash before I store the car :)  I'll be glad to have paid off the car completely because that will leave me FINALLY with spare money to pay off my mortgage and to of course get a better winter car ;)

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Offline neil

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Re: Thanks to Neil I now own my car :)
« Reply #3 on: September 03, 2005, 04:27:25 pm »
Quote from: wing on September 02, 2005, 10:20:22 pm
The car is no longer leased.  As of 5:00 today I got my ownership transfered from Honda to Me!

Thanks to Neil for helping me out :)



No probs man.
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Offline boytoys

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Re: Thanks to Neil I now own my car :)
« Reply #4 on: September 05, 2005, 10:39:44 am »
Can we have some details ? I have a Honda Canada lease on a 04 Element ? what is the benefit ? what is the cost associated with it ?
Any downside ?

Tks, Daniel
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Offline ovr50

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Re: Thanks to Neil I now own my car :)
« Reply #5 on: September 05, 2005, 11:30:26 am »
boytoys - benefit is you then own the vehicle (not Honda Leasing). The Cost is whatever your payout at that particular time is plus applicable sales taxes in full. The only downside is that you have to lay out the cash (wasn't the lease a result of not wanting/being able to do that in the first place). Leasing is NOT cheaper than buying and if your intent originally was to pay off the lease, why did you not just buy in the first place?
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sterling

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Re: Thanks to Neil I now own my car :)
« Reply #6 on: September 05, 2005, 12:12:27 pm »
benefit is you then own the vehicle (not Honda Leasing).

Beyond the pyschological effect of saying "I own something" (even though you own nothing until it's paid for), exactly what is the benefit to this?
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Offline articsteve

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Re: Thanks to Neil I now own my car :)
« Reply #7 on: September 05, 2005, 12:20:36 pm »
Cheaper money.
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Offline ovr50

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Re: Thanks to Neil I now own my car :)
« Reply #8 on: September 05, 2005, 01:27:07 pm »
Could be cheaper money as Steve says, or the ability to mod the car or a debt reduction strategy --- OR ---- could mean very little as Sterling says.  ;)
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Offline wing

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Re: Thanks to Neil I now own my car :)
« Reply #9 on: September 05, 2005, 02:31:37 pm »
Well the benefit to me was that I own the car, the lease was almost up, and I wanted to buy it.

I am hoping that come november I owe nothing on the car which is the big bonus.
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Offline Giant Dwarf

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Re: Thanks to Neil I now own my car :)
« Reply #10 on: September 07, 2005, 01:45:10 pm »
Damn computer geeks make too much money.   ;D

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