Ugg. I hate seeing a help ticket cross my desk like this:
I found out my 2002 Nissan Maxima will need $650+ repairs AND at least 2 new tires on a car worth Blue Book less than $3,000
What advice do you have for me to get into a car fast?
I asked Kevin to join me for a recorded call.
Here is what I recommended to lease a new car when our old car breaks down:
Continue reading “What is the fastest way to lease a car?”
Some car manufacturers almost never have value-priced leases.
For example, Subarus do not lease well (because Subaru outsources their lease financing).
Yes, some entertain the idea of using a credit union to give us a better lease. And trust me – I LOVE credit unions over banks for most banking stuff. Heck, I am a member of 2 credit unions…
While I appreciate out-of-the-box thinking…
This is a TERRIBLE idea for these 3 reasons:
Continue reading “Should I lease my next vehicle lease through a credit union?”
This news just caught by eye:
U.S. Auto Boom Seems to Be History, Just as Trump Counted on Jobs
And I quote:
On Tuesday, automakers reported the fourth straight monthly retreat in sales of new cars and light trucks, the longest stretch of declines since 2009, when the industry was embroiled in crisis and bankruptcies. The slump underscores the view of many that auto sales have peaked and are set to trend downward.
“The market is tapped out,” said Adam Silverleib, vice president of Silko Honda, a dealership in Raynham, Mass. “It’s no longer expanding at the rate the manufacturers thought it would.”
He added that the more optimistic consumer sentiment recorded since Mr. Trump’s election “hasn’t translated into what’s happening in dealerships where we’re trying to sell cars.”
Moreover, the top six automakers in the American market all reported declines from their April sales a year ago, and in every case the falloff exceeded analysts’ forecasts. Wall Street took notice: Shares of Ford Motor and Fiat Chrysler Automobiles were down more than 4 percent, and General Motors shares fell almost 3 percent.
Actually, it does not take a genius to see that the traditional car industry will never rebound…
Because autonomous, self-driving cars will become the norm in less than 3 years.
And this is GREAT news for us…
There has never been a better time to use my KTL system and lease more car for less.
Tesla reminds me of BMW… the most overrated, expensive vehicles ever sold.
And now we have this:
Telsa issued a voluntary recall on Thursday for 53,000 vehicles built in 2016 for a faulty parking brake that could remain engaged.
The company told customers the defect affects electric parking brakes installed on Model S and Model X vehicles built between February and October 2016. No injuries have been reported from the malfunction.
One of the big advantages of leasing is we are able to flip leased cars for a profit – especially when we drive something as crappy as a Tesla.
I just got this from one of my KTL clients about purchasing a lease protection plan:
I got a great deal on an Infiniti QX30 AWD Premium, and went I went to sign the paperwork, the finance guy wanted to sell me a premium lease protection package- $900 cost over 39 months, gets me free tire, rim, dent repair and $1,500 in lease return damage insurance. It’s cost is quite steep, compared to the cost of overall car insurance. I gave the ‘okay’ knowing I have 30 days to back out.
I’m guessing it’s not worth the cost- I’m leasing a vehicle because I don’t put that many miles on it, so less chance for damage. Is the lease protection package ever worth it?
Here is my quick answer:
Buying a lease protection plan is almost never worth it.
In fact, in most cases, getting wear and tear insurance for a leased car is the biggest hustle going. Because most people who lease never claim this insurance in the end…
Instead, I recommend getting my KTL Leasing System to help you get the best new car at the lowest price – with $0 cash down.
Continue reading “Is a lease protection plan worth it?”