« previous next »
Pages: 1 ... 5 6 [7]   Go Down

Author Topic: No more leases from Chrysler  (Read 14870 times)

Offline sirAQUAMAN64

  • Board Moderator
  • *****
  • Location: Oshawa/Havelock, ON
  • Posts: 13372
  • Carma: +1/-34
  • Gender: Male
    • View Profile
Re: No more leases from Chrysler
« Reply #120 on: August 13, 2008, 02:52:42 pm »
Think companies/institutions like RBC offer leases at lower rates and dealers are hooking up with them.
Logged
AQUAMAN64 also posts on BDFD.com!

Offline sailor723

  • Car Crazy
  • *****
  • Location: NB
  • Posts: 3819
  • Carma: +84/-60
  • Gender: Male
    • View Profile
  • Cars: '11 Mercedes ML350 Bluetec '11 BMW 328iXdrive
Re: No more leases from Chrysler
« Reply #121 on: August 13, 2008, 03:43:53 pm »
Quote from: wing on August 13, 2008, 02:44:42 pm
You do, all loans in Canada require this by law.  You can pay off at any time.

I think he meant the "financial" ability to pay it off at any time.
Logged
My first ever GM ownership experience  can best be described as   "Fool me once...."

Offline safristi

  • Car Crazy
  • *****
  • Location: Bethlehem
  • Posts: 40872
  • Carma: +141/-51
  • Gender: Male
    • View Profile
Re: No more leases from Chrysler
« Reply #122 on: August 13, 2008, 03:59:11 pm »
..PAY IT FORWARD.........Chrysler's NEW CFO...sez so.......... :D..is that U lot onna third row???? ;D  ME on TOP
Logged
THERE IS NO CURE FOR "LOTUS"......ONLY TREATMENT.....

Offline wing

  • Big Wig
  • Administrator
  • *****
  • Location: Ottawa, On, Canada
  • Posts: 18105
  • Carma: +101/-61
  • Gender: Male
  • If you ain't first ... you're last!
    • View Profile
    • Drivesideways
  • Cars: 2001 Honda S2000; 2005 Nissan Titan
Re: No more leases from Chrysler
« Reply #123 on: August 14, 2008, 07:59:03 am »
Quote from: sailor723 on August 13, 2008, 03:43:53 pm
Quote from: wing on August 13, 2008, 02:44:42 pm
You do, all loans in Canada require this by law.  You can pay off at any time.

I think he meant the "financial" ability to pay it off at any time.

I don't think so, otherwise the statement makes no sense.  Take a 0% loan for the longest possible term sounds like a no brainer to me.  If you want you can pay it off but there is no need to unless you just want to rid yourself of the debt.
Logged

Offline Wolfe

  • Drunk on Fuel
  • ****
  • Location: Tronno
  • Posts: 2806
  • Carma: +0/-0
  • Gender: Male
  • BOO!
    • View Profile
Re: No more leases from Chrysler
« Reply #124 on: August 14, 2008, 01:03:06 pm »
Quote from: wing on August 14, 2008, 07:59:03 am
Quote from: sailor723 on August 13, 2008, 03:43:53 pm
Quote from: wing on August 13, 2008, 02:44:42 pm
You do, all loans in Canada require this by law.  You can pay off at any time.

I think he meant the "financial" ability to pay it off at any time.

I don't think so, otherwise the statement makes no sense.  Take a 0% loan for the longest possible term sounds like a no brainer to me.  If you want you can pay it off but there is no need to unless you just want to rid yourself of the debt.


Borrowing to invest is great too but you'd better make damned sure that you can cover any margin calls you might receive.

Longer loans mean you're upside down longer. If you're upside down on the loan and your car gets totaled then there's your margin call.

There is still some risk in taking the "free" money. If you can handle the risk then, yeah, I'd agree the 0% is a no brainer.
Logged
To err is human, to blame it on someone else is even more human.

Offline ktm525

  • Car Crazy
  • *****
  • Location: against the eastern side of the rocks
  • Posts: 4964
  • Carma: +5/-0
  • Just walk away!
    • View Profile
Re: No more leases from Chrysler
« Reply #125 on: August 14, 2008, 01:06:19 pm »
Quote from: Wolfe on August 14, 2008, 01:03:06 pm
Quote from: wing on August 14, 2008, 07:59:03 am
Quote from: sailor723 on August 13, 2008, 03:43:53 pm
Quote from: wing on August 13, 2008, 02:44:42 pm
You do, all loans in Canada require this by law.  You can pay off at any time.

I think he meant the "financial" ability to pay it off at any time.

I don't think so, otherwise the statement makes no sense.  Take a 0% loan for the longest possible term sounds like a no brainer to me.  If you want you can pay it off but there is no need to unless you just want to rid yourself of the debt.


Borrowing to invest is great too but you'd better make damned sure that you can cover any margin calls you might receive.

Longer loans mean you're upside down longer. If you're upside down on the loan and your car gets totaled then there's your margin call.

There is still some risk in taking the "free" money. If you can handle the risk then, yeah, I'd agree the 0% is a no brainer.

I am waiting for a CTS-V at 0% for 84 months... :skid:
Logged

Offline Wolfe

  • Drunk on Fuel
  • ****
  • Location: Tronno
  • Posts: 2806
  • Carma: +0/-0
  • Gender: Male
  • BOO!
    • View Profile
Re: No more leases from Chrysler
« Reply #126 on: August 14, 2008, 01:18:50 pm »
Yup, that's a no brainer. :skid:
Logged

Offline rrocket

  • Car Crazy
  • *****
  • Location: My house
  • Posts: 18663
  • Carma: +81/-89
    • View Profile
Re: No more leases from Chrysler
« Reply #127 on: August 18, 2008, 06:51:56 pm »
My Chrysler friend, James, went in Saturday to check out a lease on a Caliber SRT-4.  The rate?  An eye watering 12.xx%  Ouch!!!
Logged
How fast is my Supra?  I sh*t on Cessnas from a roll....

Offline wing

  • Big Wig
  • Administrator
  • *****
  • Location: Ottawa, On, Canada
  • Posts: 18105
  • Carma: +101/-61
  • Gender: Male
  • If you ain't first ... you're last!
    • View Profile
    • Drivesideways
  • Cars: 2001 Honda S2000; 2005 Nissan Titan
Re: No more leases from Chrysler
« Reply #128 on: August 19, 2008, 08:27:44 am »
That's high, but I do remember back in 2000 or so the "norm" was 7-10% for leases.  I was paying 7.5% for a Hyundai.
Logged

Offline johngenx

  • Car Crazy
  • *****
  • Location: A space inside my own head where there are only mountains and climbing days...
  • Posts: 10333
  • Carma: +62/-80
  • Gender: Male
    • View Profile
Re: No more leases from Chrysler
« Reply #129 on: August 19, 2008, 01:46:25 pm »
Quote from: wing on August 19, 2008, 08:27:44 am
That's high, but I do remember back in 2000 or so the "norm" was 7-10% for leases.  I was paying 7.5% for a Hyundai.

Oh, yes way back when rates were high...

Made me chuckle as I recall my inlaws fighting to keep their home with a 22% mortgage, and then rates came "down" and I was happy to have an 18% loan for my first new car.
Logged
No place I'd rather be...

Offline airbalancer

  • Car Crazy
  • *****
  • Location: Cobourg Ontario
  • Posts: 15975
  • Carma: +92/-89
  • Gender: Male
    • View Profile
  • Cars: 2000 BMW 323, 2010 Toyota Prius, 2011Chevy Silverado LTZ
Re: No more leases from Chrysler
« Reply #130 on: August 19, 2008, 02:48:38 pm »
Quote from: johngenx on August 19, 2008, 01:46:25 pm
Quote from: wing on August 19, 2008, 08:27:44 am
That's high, but I do remember back in 2000 or so the "norm" was 7-10% for leases.  I was paying 7.5% for a Hyundai.

Oh, yes way back when rates were high...

Made me chuckle as I recall my inlaws fighting to keep their home with a 22% mortgage, and then rates came "down" and I was happy to have an 18% loan for my first new car.

How old were you when you got married 15-16 :o
Mortgage rates peak in Aug 1981 http://www.bank-banque-canada.ca/pdf/annual_page52_page53.pdf
Logged

Offline johngenx

  • Car Crazy
  • *****
  • Location: A space inside my own head where there are only mountains and climbing days...
  • Posts: 10333
  • Carma: +62/-80
  • Gender: Male
    • View Profile
Re: No more leases from Chrysler
« Reply #131 on: August 19, 2008, 06:40:41 pm »
Quote from: airbalancer on August 19, 2008, 02:48:38 pm
How old were you when you got married 15-16 :o
Mortgage rates peak in Aug 1981 http://www.bank-banque-canada.ca/pdf/annual_page52_page53.pdf

We dated in high school, so technically they weren't my in-laws yet, but not long from then.  My folks and I lived in government housing, so we were not in the same boat.
« Last Edit: August 21, 2008, 01:12:10 am by johngenx »
Logged

Offline airbalancer

  • Car Crazy
  • *****
  • Location: Cobourg Ontario
  • Posts: 15975
  • Carma: +92/-89
  • Gender: Male
    • View Profile
  • Cars: 2000 BMW 323, 2010 Toyota Prius, 2011Chevy Silverado LTZ
Re: No more leases from Chrysler
« Reply #132 on: August 19, 2008, 09:14:36 pm »
sister-in-law had a 21% mortgage for about 6months
mine was at 10.75% and thought that was great
Logged

Offline articsteve

  • Car Crazy
  • *****
  • Location: ON
  • Posts: 15055
  • Carma: +31/-163
    • View Profile
  • Cars: Hobbie Car: 1990 944S2
Re: No more leases from Chrysler
« Reply #133 on: August 19, 2008, 10:38:16 pm »
30 day Bank term deposits paid 15%   :)
Logged
“Frankly, we are not going to ever defeat the insurgency,”     Billions for jets and pennies for vets; Harponi is MAGNIFICENT.

Offline mmret

  • Car Crazy
  • *****
  • Location: Not Hamilton
  • Posts: 6948
  • Carma: +52/-43
  • Gender: Male
    • View Profile
Re: No more leases from Chrysler
« Reply #134 on: August 20, 2008, 11:51:32 pm »
Too crazy. All hail our savior, Alan "Easy" Greenspan. :)
Logged
Everything in life is relative.

Offline DockMan

  • Drunk on Fuel
  • ****
  • Location: SW (Lonely Road) Ontario
  • Posts: 1799
  • Carma: +1/-0
  • Gender: Male
    • View Profile
Re: No more leases from Chrysler
« Reply #135 on: August 21, 2008, 08:17:46 am »
Quote from: mmret on August 20, 2008, 11:51:32 pm
Too crazy. All hail our savior, Alan "Easy" Greenspan. :)

The cost of money to you is someone else's return on money. Cash is king. Less than 8-10% doesn't cut it most of the time. The piper always has to be paid.
Logged
Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all. - John W. Gardner
Pages: 1 ... 5 6 [7]   Go Up
« previous next »