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CHEAP Leases Are Going The Way Of The Dinosaur-What's A Luxury Brand Moocher To Do?
I completely agree with everything posted above. I am someone who purchases my cars in full, and resent the fact that some who feel they must live up to a false surface image, or false wealth are in cars that I have worked for. I remember a few prices of lease payments from friends over the years, I will list them as we can see how crazy lease payments on luxury cars have gotten. It's funny how this article was posted today as I was accompanying a friend looking for a car payment for 'less than $300 a month' which had to change as payments on some entry level vehicles have gotten outrageous. For example, I own a BMW, and a MB. I remember seeing advertisements for a 3series and C-Class for less than $400 a month. Thats for a $45k car!!! Now, to this weekend, with $0 down a 2009 NIssan Altima BASE, no leather, hub caps, etc. was $320/mo. with no $$ down on a 36mo. lease! Now this is for someone with excellent credit (over 740 rating). That seems insane, but it was just because we are all used to seeing a4's,3series,C-class,X-type, etc. for close to that price, yet the cars are 2x the price. After looking at most dealerships, the best lease for that price range was a 2009 Subaru Legacy, which was on a 24mo. lease $0 down, for 275/Mo. Obviously, due to a great residual. It seems as if with this economy now, things are going back to normal, as they were very extreme just 2 years ago, for example, Real Estate was so high that now it seems hellacious, when it reality its just above what it normally should be. Cars were so cheap on a lease 2 years ago for the vehicles former mentioned that now it seems as if (and i thought this myself) 'How can a $22k car be over $300/Mo. on a lease?! Obviously its because of residual value, poor economy, less sales, etc., also, the NEED, not want anymore, for fuel efficient vehicles. there are so many cars being returned on a lease that the manufactures don't know what to do. A friend who works at a local GM dealer says GM has not come to pick up lease returned cars, or inspect them for 3 months, they are just sitting there taking up space for new cars.So, trying to make this long story come to an end, These are the following lease rates i know people with EXCELLENT credit are paying. Included is the time frame the lease was initiated, down payment, and terms. Enjoy, and I look forward to hearing every1's feedback. Safe Driving.. Hard Driving :)2007 MB ML350 (Loaded) $800/mo. (leased in 2007) 36mo/12kmi. $0 down2003 MB S500 (Loaded) $1400/Mo. (leased in 2003 36mo./12k mi. $5k down2002 MB CLK430 (Loaded) $700 (leased in 2002) $0 down 36mo./12k mi2004 Cadillac Escalade (Loaded) $700/mo. (leased in 2004) $0down 36mo/12mi.2005 BMW M3 $869/mo. (leased in 2005) $0 Down 36/122006 MB CLS55AMG (leased in 2006) $1800/mo. $0 down 36/122005 Hummer H2 $894/mo.(leased in 2005) $3k down, 36/12Now... here was this weekend2009 Nissan Altima Base $325/Mo. $0 down 36/122009 Honda