Lease Calculator 2.0
I know, you are all probably eagerly anticipating December’s lease rates and the best thing I got for you right now is an updated on the Lease Calculator. Well, don’t be too disappointed! The new lease calculator is rather nifty. I added some new fields such as “Sales Tax Paid in Advance”; “Previous Balance” (for those who plan on carrying over some negative equity from their existing vehicles; monthly payment calculations assuming you roll in all fees into the lease; and monthly payment calculations assuming you pay inception fees in advance. Cool huh? I thought so. I based it loosely on my own lease contracts. I still haven’t exactly decyphered their system yet…but it’s only a matter of time.
Patience…if you haven’t noticed, they usually surface around the 2nd week of each month, while some (Audi) will carry over through a good portion of this month since they just released last week.
It is a good time to buy since we’re looking at year end right now. 2008 model clearance is on! You waited all year long to buy a car, this is as good a time as any. Lot of “Winter” promotions with low APR going on right now. I said it before and I will say it again, no lease will beat 0% financing. If you are looking to lease a car that offers 0% financing, consider buying it. Specially since a lot of those 0% financing deals are for 60 month terms.
Auto Industry and the Economy
GM builds 4 similar SUVs (Acadia, Enclave, Outlook, Traverse) across 4 different brands…WHY!?!?! Need I say more? If they can’t learn to manage their company, they don’t deserve a bailout. That’s what I mean. I hear a lot of the “if the gov’t isn’t going to bail us out, the economy will end fall into a depression, etc…” That may be true, but that’s a half truth. It sounds more like someone is trying to save their own skin.
I will be away on vacation starting Christmas until January 10th. That means I will be MIA for approximately two weeks, most likely with limited internet access. Hopefully you can all survive without me for that time period. 🙂