If a Car Dealer DOES THIS, LEAVE IMMEDIATELY | 3 CAR LEASE Red Flags

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Information If a Car Dealer DOES THIS, LEAVE IMMEDIATELY | 3 CAR LEASE Red Flags

Title	:	If a Car Dealer DOES THIS, LEAVE IMMEDIATELY \| 3 CAR LEASE Red Flags
Lasting	:	7.31
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Views	:	42 rb

Great stuff!! Not interested in leasing though 🙂
Comment from : Jose Sardinas

Great video U guys just explaing the exact question i had to
Comment from : Maine Biker

When I put $0 down I still have to pay x amount for acquisition fees, first payment and security deposit etc can I pay taxes on TOP of that? If fees and everything are say $1800, can I put $2k down for fees and taxes or should I still stick with 0 additional down payment
Comment from : Samantha Eckel

If you lease a vehicle, you'll need to know a lot more than what's presented here The money factor (interest rate) is very important to understand Although the residual value isn't going to be negotiable, you should tend towards cars with strong residuals because it relates to what you pay The number of miles is very important, with many leases having low miles Know how much you'll pay for excess miles and try to compare it to what you're essentially paying for mile within the lease terms Be wary of longer lease terms (>36 months) because the factory warranty might not cover repairs in those later miles, and it's all on you to fix the car on behalf of the bank Finally, never lease a used vehicle Ever Leasing is pretty good if you know what you're doing I love it But few people know what they're doing, or they do it to "afford" a car that they can't afford
Comment from : AnimationByDylan

Please somebody answer my question! I'm currently lease car shopping I was at the Nissan dealership and saw a Sentra I really like priced at $23,690 I asked about a discount/negotiating I was told that with market conditionshigh demand to buy and limited cars being made that the MSRP on the window sticker was pretty much what the dealer had to pay (little markup) so they could not negotiate brIs this true or the dealer's trick to make more money?
Comment from : Mystere L

Last 3 leases I’ve done on Ram trucks I did a sign and drive lease - absolutely zero money out of pocket My most recent lease on a 2023 Jeep Wrangler 4xe I put $800 out of pocket
Comment from : Brian Medved

This was very helpful! Thank you
Comment from : Marcos Vivas

I was just at a Subaru dealer I asked if they could go 15 off the selling price They said because it’s their most popular car, there’s no way to negotiate that price Long story short, I left the dealership
Comment from : Bobby Martin

Can I pay you guys to go with me to buy/lease a car?? This is stressful
Comment from : Gnicks

Great information as always One question I have is where would you suggest I get a fair trade in value for my car that a dealership will not just dismiss as not accurate before I attempt to trade it in? In my past experience KBB is useless because the dealership just dismisses that value and offers substantially less I prefer selling my car outright than having to deal with the dealership on a trade in
Comment from : Reyes Reef

I think you need to address the lease "money factor" and how dealers are able to mark-up the money factor to create more profit A person needs to know how to convert a lease money factor into an APR for the sake of comparison to available interest rates On other half the lease coin, the consumer must know what the depreciation of the vehicle is based on the agreed upon mileage and lease term There are lots of ways to get screwed on a lease if you're not prepared
Comment from : Dale Nihiser

Jeeps for the most part are junk now a days you could not give me one
Comment from : Matt Smith

Overall Leasing is a terrible idea unless you have a lot of money (meaning you're in the top 2-3 of earners), don't drive very much, and insist on a brand new car every 3 years Financially it's a terrible decision
Comment from : TeeKay

can you guys do a video in negotiating a lease and the maths involved in negotiation, getting a good monthly payment on a lease
Comment from : STUNN312

I think you forgot to mention Residual value It can greatly determine cost to own On the flip side, it seems like leases can be easier to know what you are getting as if you take your total of all payments and add to the residual value, can compare with the expected OTD price before financing to see what the lease is really going to cost you On a purchase, you have the OTD and payments, but no idea what you will be able to sell it for down the road Still, if the cost to lease is almost the whole value of the vehicle, something seems wrong Some vehicles don't lease well, others do
Comment from : Matthew Walker

I had leased 2 times back in the late 90's-early 2000's I did negotiate before I signed, The only think I did not like about the experiences was the mandatory higher rate insurance required to lease I I bought the car, the insurance would have been almost $100 less per month I imagined it is worse today
Comment from : Dave Foreman

Thank you both for your helpful tips! I just got a new lease on an Acura Integra and the deal was amazing as we worked on discounting the car and negotiating the most for my trade in 😊
Comment from : XtremeTKD

Leasing is for idiots
Comment from : J J

But almost all places want a down payment on a lease
Comment from : justSTUMBLEDupon

🧐
Comment from : Frank Moore

Please, do a video about lease extension Is it a good alternative?? When should you do it?brPlus, another thing to mention is that if you do a Lease you are stuck with high interest rate for the 36 months Now, with the current high interest rates, you better off finance it and in a year or two negotiate better rates when rates start to come down again
Comment from : Oliver E

I could sure use your advice on a "proportioning" valve for a 1996 Tacoma Brake fluid is leaking from the valve and NO ONE will repair it because their suppliers no longer sell it, and if they can't get it from the supplier they can't offer a warranty (they won't let me walk in with "your part you bought off ebay") This is Toyota Tacoma! One of the most popular trucks around and no one will fix it! Do you have any advice how to get my brakes fixed? Thank you
Comment from : hber1980

People are just plain stupid…
Comment from : Michal Stelmach

Does CarEdge have an app yet? Also, can you help do a deal/ trade? Trade my 2021 in for a Tesla Model 3(used is ok)???
Comment from : Joey Vinzo

Would it be better to sell your car rather than trade it for the same reason you don't put cash down? Ie in case the lease car is totaled?
Comment from : Raymond Rizzuto

Be nice to add in the possible extra cost for the increased interest rate The Ford might have been at a lower interest rate and the Jeep higher
Comment from : Ed Sales

Is a drive off charge unavoidable for a car purchase? I'm talking about the amount you pay to take it off the lot
Comment from : Sabina Pesoshina

it's all talk You'll be lucky to find a lease purchase at MSRP there is a market up on everything!!!
Comment from : Money Green

What about one pay lease, (if you’ve discussed this I apologize)??? I’m thinking of doing that within the next few months and I’d like some info on it…
Comment from : Lords Child

I still can't figure out why anybody would lease a vehicle Maybe if it was like $200 a month??
Comment from : wantsanewvehicle

Ray, looking at a 2023 Durango Would like to lease it for $500/month The price is $59,000 Do you think I can get that payment with no money down?
Comment from : Ed Ragin

We’ve lease our vehicles for years A couple times we paid off the residual and kept the car for a bit We drive only about 4k miles a year and like not having to worry about repairs, plus having updated features Currently we have a paid off Infinity G50, but no deals out there so just keeping it until deals come back
Comment from : Dee Torrance

Are we back to times when we can negotiate the price?
Comment from : Fit Forever - Mariana N

I get it but if you want a $500 lease payment instead of a $800 payment, you gotta put some money down
Comment from : Nicholas Mantia

You do save on the rent charge by putting money down on the lease since you’re not financing that portion of the depreciation over the life of the lease
Comment from : Peter Wright

He also got the tax savings on the lease because the trade
Comment from : Zero Hedge

Lease Porsches, Mercedes, BMW's, and Audi's
Comment from : James DeLap

Buying or leasing a Jeep is a giant red flag, as is buying or leasing any American car
Comment from : Nobody Important

First red flag : it's a lease What a waste of money! I would never lease anything Not even a toaster 😂 Thanks for the video
Comment from : RC & Fishtanks

Omg, I'm even more confused about leasing now! I've never understood all the number stuff
Comment from : savyas69

Whom ever flips a one year old +$80k Expedition and eats $6k in negative equity - kind of deserves whatever the deal isThat's crazy
Comment from : Joey The Dime

Never lease
Comment from : Robert Frost

Quite frankly I have learned that you NEVER EVER BUY FROM A DEALERSHIP EVERbrbrThey are the SCUM OF THE EARTH
Comment from : Fly_Molo

Very good topic guyswould like to know more about the "money factor" next time you cover this topicas a "senior"I am very interested in a lease this coming "December to Remember" when there are incentives on leaseshopefully!
Comment from : Jon Schade

If your lease payments are over 50 of the value of the vehicle, you are getting ripped off
Comment from : Sgt Grinch

$71,000 for a Grand Cherokee is a world I don't want to live in
Comment from : raymond_(rnt45t1)

Cars cost 71k?! 😱😱
Comment from : Smart and Simple

How can people pay these 50k + vehicles, especially subprime borrowers? Can my fellow poor people chime in? Ridiculous
Comment from : re se

Why no cash down? Don't leases normally require a deposit up front?
Comment from : Anthony Malovrh

Is the car sales industry discriminatory? Why should a person leasing the exact same vehicle from the same dealership as me pay more simply because they don’t have negotiating skills? Seems discriminatory to me, no? In effect less informed folks are being penalized Why is it acceptable to have this segment of “suckers” or “smucks” to profit off of - what did they do to deserve that?
Comment from : TravelPort

I'm having trouble accepting paying 55-65 of the car's equity in a lease after 3 years Wouldn't it make more sense to buy the same car and sell it after 3-5 years?
Comment from : J Lo

Another red flag was, why was this person getting the Jeep when his Ford was new
Comment from : Tony

never lease a car to begin with
Comment from : Ed Fan

I have a question do you ask the sales manager the OTD first before negociating the price of the vehicle?
Comment from : unfair sanic

That 4k discount they’re talking about in this video in the highlighted section shows it’s cash down and rebate… Not even discount they don’t know how to read this contract
Comment from : D Gibs

Thanks Ray, I never knew the car I'm leasing was also being sold to another company
Comment from : Joseph Szot

You should have mentioned to NEVER turn in a lease (unless the contract says otherwise) Sell a lease or trade in a lease to pocket any positive equity
Comment from : BTC909

If you're doing a lease on an EV to get the Biden rebate (with the intent of buying as soon as possible) it makes sense to do a large down payment so you are not paying 7 interest on the depreciation, only the residual value, and make the lease term as short as possible (eg 12 months)
Comment from : ss l