@dbert5963111 For sure. If you always want the newest cars, then leasing can be a good choice as long as you have lease protection and don't drive more than what's allotted in the agreement. I'd also stick to cars with high residuals so you don't overpay during the lease.
Exactly. And the more tech added, whether your choice or the government's, it is toooo expensive. Many of the repos today are because the repair is more than the worth of the car
@dbert5963111 Hondas in general lease well. If you don't mind always getting a new one and staying within the alloted mileage then it's a good choice. Plus like I said the dealer loves getting the car back so they can sell it again and make more on the used market.
You talk about keeping payment terms 60 months or less but recommend add ons such as extended warranty and gap. Adding that to the financing effectively puts a customer more upside down in their car . Stick with brands that have a good reputation for reliability. That’s thousands of dollars added to the loan and I’m not really thrilled to be financing add ons.
Usually, 5 years still keeps you positive even with an extended warranty etc. Some folks choose to pay for any addons or accessories up front so they don't finance those. Sticking to more reliable brands like Honda/Toyota is a good option for some. But for others they would rather drive higher performing or more luxurious cars knowing that it will require more maintenance. Extended warranties can be very helpful in those cases. Generally speaking, a 5 year term keeps you in a good position regardless of brand or any additional items added to the car.
I was fully onboard right up until he started advocating that a person should buy the dealer's extended warranty. No less than 99% of the time it's a waste of $$$, and extended warranties are a huge money maker for the dealer. Finally, he advocates NOT paying cash for a declining asset. Bad advice.
@@TheBigBazzy ok so here it goes, I am leasing a new 2024 Tacoma TRD off road w/premium package, $55,000 MSRP, because, at the end of this lease I would most likely have less than 10,000 miles on it because I don't drive alot, I am allotted 10,000/yr and I like new every 2 or three, now I traded in my 2014 Tundra which they gave me $16,000, getting me a great payment of $231/mo, before I signed anything I told the dealership "I'm not going to have $16,000 to put down if I want to get into another lease and keep my nice payment of $231, which I can easily afford being on a fixed income, so what are you going to do for me", their response was well we have no idea what the car market will be in 3 years, but if we want your business I'm sure we can make something happen and that they are very confident about the Tacoma's retaining great residual value. It should also be noted that my plan is to downgrade to a new Tacoma TRD sport with upgrade package which will probably be about 5 to 8 thousand less than the Tacoma I have now but with still some great features I like, so I'm hoping to be in great shape to lease another one and keep my great low payment. Any opinions?
@@TheBigBazzy I am leasing a 2024 Tacoma TRD off road w/premium package MSRP $55,000 I hardly drive and will most likely have less than 10,000 miles on it, which I am allotted, at the end of the lease, I like new every 2 or three, now I used my 2014 Tundra as a down payment, they gave me $16,000, which got me a great payment of $231/mo, before I signed anything I expressed my concern to the dealership that I'm not going to have 16 grand to put down if I want to get into another lease in 3 years and keep my nice payment of $231, which I can easily afford being on a fixed income, so what are you going to do for me, their response was well we have no idea what the car market will be in 3 years, but if we want your business I'm sure we can make something happen, as Tacoma’s will most likely have a great residual value. My plan is to get into another Tacoma but a downgraded one, TRD sport with upgrade package which I think is about $4 to $5 grand cheaper than the one I have now, but with still some of the features I like!! Did I make a mistake or do you think I may still be in good shape?
@@TheBigBazzy I am leasing a 2024 Tacoma TRD off road w/premium package MSRP $55,000 I hardly drive and will most likely have less than 10,000 miles on it, which I am allotted, at the end of the lease, I like new every 2 or three, now I used my 2014 Tundra as a down payment, they gave me $16,000, which got me a great payment of $231/mo, before I signed anything I expressed my concern to the dealership that I'm not going to have 16 grand to put down if I want to get into another lease in 3 years and keep my nice payment of $231, which I can easily afford being on a fixed income, so what are you going to do for me, their response was well we have no idea what the car market will be in 3 years, but if we want your business I'm sure we can make something happen, as Tacoma’s will most likely have a great residual value. My plan is to get into another Tacoma but a downgraded one, TRD sport with upgrade package which I think is about $4 to $5 grand cheaper than the one I have now, but with still some of the features I like!! Did I make a mistake or do you think I may still be in good shape?
Great info! I just found your channel and subbed.
Thank you so much. Watched many videos on this topic but this is the best.
Thank you so much! Glad I could help.
i lease because new cars are crap and too costly to repair out of warrenty.
@dbert5963111 For sure. If you always want the newest cars, then leasing can be a good choice as long as you have lease protection and don't drive more than what's allotted in the agreement. I'd also stick to cars with high residuals so you don't overpay during the lease.
@@TheBigBazzy im in a 36 month 2024 honda ridgeline. didnt put much down.
Exactly. And the more tech added, whether your choice or the government's, it is toooo expensive. Many of the repos today are because the repair is more than the worth of the car
@bruceportersr9880 I had many customers specifically buy base model cars for this reason exactly. Everyone has a preference.
@dbert5963111 Hondas in general lease well. If you don't mind always getting a new one and staying within the alloted mileage then it's a good choice. Plus like I said the dealer loves getting the car back so they can sell it again and make more on the used market.
You talk about keeping payment terms 60 months or less but recommend add ons such as extended warranty and gap. Adding that to the financing effectively puts a customer more upside down in their car . Stick with brands that have a good reputation for reliability. That’s thousands of dollars added to the loan and I’m not really thrilled to be financing add ons.
Usually, 5 years still keeps you positive even with an extended warranty etc. Some folks choose to pay for any addons or accessories up front so they don't finance those. Sticking to more reliable brands like Honda/Toyota is a good option for some. But for others they would rather drive higher performing or more luxurious cars knowing that it will require more maintenance. Extended warranties can be very helpful in those cases. Generally speaking, a 5 year term keeps you in a good position regardless of brand or any additional items added to the car.
I was fully onboard right up until he started advocating that a person should buy the dealer's extended warranty. No less than 99% of the time it's a waste of $$$, and extended warranties are a huge money maker for the dealer. Finally, he advocates NOT paying cash for a declining asset. Bad advice.
I could use some advice!! How can we chat?
@julesmartel254 Just post here. It can help others too. What's your question?
@@TheBigBazzy ok so here it goes, I am leasing a new 2024 Tacoma TRD off road w/premium package, $55,000 MSRP, because, at the end of this lease I would most likely have less than 10,000 miles on it because I don't drive alot, I am allotted 10,000/yr and I like new every 2 or three, now I traded in my 2014 Tundra which they gave me $16,000, getting me a great payment of $231/mo, before I signed anything I told the dealership "I'm not going to have $16,000 to put down if I want to get into another lease and keep my nice payment of $231, which I can easily afford being on a fixed income, so what are you going to do for me", their response was well we have no idea what the car market will be in 3 years, but if we want your business I'm sure we can make something happen and that they are very confident about the Tacoma's retaining great residual value. It should also be noted that my plan is to downgrade to a new Tacoma TRD sport with upgrade package which will probably be about 5 to 8 thousand less than the Tacoma I have now but with still some great features I like, so I'm hoping to be in great shape to lease another one and keep my great low payment. Any opinions?
@@TheBigBazzy I am leasing a 2024 Tacoma TRD off road w/premium package MSRP $55,000 I hardly drive and will most likely have less than 10,000 miles on it, which I am allotted, at the end of the lease, I like new every 2 or three, now I used my 2014 Tundra as a down payment, they gave me $16,000, which got me a great payment of $231/mo, before I signed anything I expressed my concern to the dealership that I'm not going to have 16 grand to put down if I want to get into another lease in 3 years and keep my nice payment of $231, which I can easily afford being on a fixed income, so what are you going to do for me, their response was well we have no idea what the car market will be in 3 years, but if we want your business I'm sure we can make something happen, as Tacoma’s will most likely have a great residual value. My plan is to get into another Tacoma but a downgraded one, TRD sport with upgrade package which I think is about $4 to $5 grand cheaper than the one I have now, but with still some of the features I like!! Did I make a mistake or do you think I may still be in good shape?
@@TheBigBazzy I am leasing a 2024 Tacoma TRD off road w/premium package MSRP $55,000 I hardly drive and will most likely have less than 10,000 miles on it, which I am allotted, at the end of the lease, I like new every 2 or three, now I used my 2014 Tundra as a down payment, they gave me $16,000, which got me a great payment of $231/mo, before I signed anything I expressed my concern to the dealership that I'm not going to have 16 grand to put down if I want to get into another lease in 3 years and keep my nice payment of $231, which I can easily afford being on a fixed income, so what are you going to do for me, their response was well we have no idea what the car market will be in 3 years, but if we want your business I'm sure we can make something happen, as Tacoma’s will most likely have a great residual value. My plan is to get into another Tacoma but a downgraded one, TRD sport with upgrade package which I think is about $4 to $5 grand cheaper than the one I have now, but with still some of the features I like!! Did I make a mistake or do you think I may still be in good shape?
@@TheBigBazzy I posted my question