| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
 | | 
04-16-2012, 08:51 PM
|
#51 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
| Quote:
Originally Posted by Manic!  I have my brother. He says no to leasing. | What is his reasoning?
__________________ Quote:
Originally Posted by LSF22 Every time I'm there I usually see Jgresch's name under "Best Lap Times" | | 
|  | |
04-16-2012, 09:09 PM
|
#52 | | I STILL don't get it
Join Date: Mar 2009 Location: Vancity
Posts: 467
Thanked 531 Times in 138 Posts
Failed 81 Times in 28 Posts
| Quote:
Originally Posted by Jgresch What is his reasoning? | Very clearly nothing based on mathematical calculations.
Or consideration of the opportunity of using the cash you save from not putting it all into your car at once to make more cash.
There are so many benefits to financing/leasing/cash; depending on rates, residuals, cost of the car, etc. Can't believe how thick some people in this thread are.
| |
| | |
04-18-2012, 10:23 PM
|
#53 | | I contribute to threads in the offtopic forum
Join Date: Sep 2004 Location: Canada
Posts: 2,934
Thanked 1,306 Times in 540 Posts
Failed 28 Times in 12 Posts
| Quote:
Originally Posted by Ferra ...
No, residual value is set by the manufacturer, dealers have ZERO control over residual values.
... | Can anyone confirm that the all dealerships will lease their cars with the same residual value? Of course assuming that we're talking about identical cars, but different dealerships.
| |
| | |
04-18-2012, 10:56 PM
|
#54 | | Welcome to Planet Power ///M
Join Date: Dec 2006 Location: Vancouver, BC
Posts: 1,435
Thanked 2,979 Times in 527 Posts
Failed 167 Times in 59 Posts
|
^
i'm 99% sure that lease/finance rates and residuals are solely determined by the manufacturer.
| |
| | |
04-18-2012, 11:38 PM
|
#55 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
|
Nopppeeee. don't you think it would be a little unfair to determine the residuals themselves?
Finance rates are determined by the banks. If a manufacturer wants to offer promo rates they have to go through the bank to do it.
Residuals are determined by the leasing company/BB.
__________________ Quote:
Originally Posted by LSF22 Every time I'm there I usually see Jgresch's name under "Best Lap Times" | | |
| | |
04-19-2012, 12:03 AM
|
#56 | | Welcome to Planet Power ///M
Join Date: Dec 2006 Location: Vancouver, BC
Posts: 1,435
Thanked 2,979 Times in 527 Posts
Failed 167 Times in 59 Posts
|
^
so for a company like BMW which has their own financial services department then it would really be up to the manufacturer, right? from what i remember they have their own bank which is a subsidiary of bank of america.
| |
| | |
04-19-2012, 09:57 AM
|
#57 | | I *heart* Revscene.net very Muchie
Join Date: Jun 2004 Location: Melbourne
Posts: 3,963
Thanked 362 Times in 161 Posts
Failed 68 Times in 49 Posts
|
^I've always assumed BMW Finance was a separate entity from BMW AG, kind of like GMAC (finance arm) is independent from General Motors. I could be wrong..
__________________
2011 VW Tiguan Highline 4Motion (Canada)
2013 Lexus IS350 F-Sport (Melbourne) | |
| | |
04-19-2012, 12:40 PM
|
#58 | | Where's my RS Christmas Lobster?!
Join Date: Feb 2010 Location: Burnaby
Posts: 809
Thanked 56 Times in 26 Posts
Failed 178 Times in 34 Posts
| Quote:
Originally Posted by Over9K lol whut.
Driving a car harder is better for the engine, why would you wanna baby a car you're gonna own?
Fuck you guys are weird.
Half of the people on this forum:  | He wants to raise his fail count. I shall thank him  | |
| | |
04-19-2012, 01:20 PM
|
#59 | | Rs has made me the man i am today!
Join Date: Feb 2002 Location: W.R.
Posts: 3,385
Thanked 2,101 Times in 351 Posts
Failed 29 Times in 18 Posts
| Quote:
Originally Posted by Jgresch Finance rates are determined by the banks. If a manufacturer wants to offer promo rates they have to go through the bank to do it. | Some dealerships provide in-house financing as an alternative option to banks. Particularly useful for new immigrants or self-employed individuals who may not get financing approval from the bank.
In-house rates are typically above bank rates, however.
Kev
| |
| | |
04-19-2012, 02:14 PM
|
#60 | | Banned (ABWS)
Join Date: Nov 2010 Location: LM
Posts: 350
Thanked 123 Times in 53 Posts
Failed 300 Times in 63 Posts
| Quote:
Originally Posted by sebTeggy He wants to raise his fail count. I shall thank him | 
I'm actually giving out legit advice here guys, but it's your car, you can do what you want.
Ever wonder why cars that are driven by old people don't last very long when driven hard? Or that when an older person comes to a shop, most of the time the tech's will decoke the engine?  | |
| | |
04-20-2012, 11:44 AM
|
#61 | | Welcome to Planet Power ///M
Join Date: Dec 2006 Location: Vancouver, BC
Posts: 1,435
Thanked 2,979 Times in 527 Posts
Failed 167 Times in 59 Posts
|
^
and to prevent that all you need to do is to floor it once every few days and change your oil when it's needed, not drive the shit out of it like it's a race car.
| |
| | |
04-20-2012, 12:16 PM
|
#62 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
| Quote:
Originally Posted by Roach Some dealerships provide in-house financing as an alternative option to banks. Particularly useful for new immigrants or self-employed individuals who may not get financing approval from the bank.
In-house rates are typically above bank rates, however.
Kev | Not sure if a dealership who offers in house financing would allow the manufact. to determine residuals.
And by In-house you are talking about entities such as Toyota Financial correct? Because most major dealerships offer "In House" financing, but they still go through the banks.
__________________ Quote:
Originally Posted by LSF22 Every time I'm there I usually see Jgresch's name under "Best Lap Times" | | |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 03:17 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
