How hard is inflation going to hit, or has hit?

[Poke]

Poke - i am simpleton and need verification if my dumbed down version of your game is correct

• lease top tier vehicle
• return lease before the term is up, giving you negotiating power
• you negotiate some cash, which all the but offsets the cost of the lease
• dealers negotiate because they want to sell the near new vehicle at near new vehicle price, since the money is made on the loan not the vehicle
• rinse and repeat.

Correct. Except with balloon payment leases, I have the title so it’s a trade in, not a turn in. I’m bringing in an 18mo old low mileage desired vehicle. Each time I buy a more expensive car and my payments stay with in a few bucks. The trade in value covers most the taxes.

 

[Rockbuggy84]

Correct. Except with balloon payment leases, I have the title so it’s a trade in, not a turn in. I’m bringing in an 18mo old low mileage desired vehicle. Each time I buy a more expensive car and my payments stay with in a few bucks. The trade in value covers most the taxes.

You’re gonna have to further elaborate on everything you’re saying.

You have the title of a vehicle you’re leasing.
You lease $75,000 vehicle for $420 and less a month.
Why are you making payments on a vehicle you own?
Maybe I’m missing something here and I’d love to know your secret.

 

[Bogus One]

Correct. Except with balloon payment leases, I have the title so it’s a trade in, not a turn in. I’m bringing in an 18mo old low mileage desired vehicle. Each time I buy a more expensive car and my payments stay with in a few bucks. The trade in value covers most the taxes.

Trade in value covers "most of the taxes", so you're putting money out, right?
And you're in a perpetual $420 a month payment, and never actually "own" anything. Am I getting this right?

 

[Rockbuggy84]

Trade in value covers "most of the taxes", so you're putting money out, right?
And you're in a perpetual $420 a month payment, and never actually "own" anything. Am I getting this right?

I’m not gonna pass judgment just yet, but I’m starting to smell a whole lot of bullshit.

 

[Bogus One]

I’m not gonna pass judgment just yet, but I’m starting to smell a whole lot of bullshit.

Yeah, that's why I asked
Sounds like TOTAL bullshit to me
Spin the numbers to meet your narrative kind of bullshit

 

[Rockbuggy84]

Yeah, that's why I asked
Sounds like TOTAL bullshit to me
Spin the numbers to meet your narrative kind of bullshit

I want to see numbers from beginning to end.

There is not a dealership on earth that is giving $300-420 monthly payments on $75,000 vehicles without a massive down payment.

Hell, my wife’s aunt that is a financial retard is the only person I know that try’s to justify her lease. Her shitty Ford sedan is around $400.

 

[Roc Doc]

When I moved from Las Vegas in 2015 the local economy had fully recovered from the housing/bank/wall street debacle. Now with Covid shutting the city down to a crawl, and I mean a crawl, entire casino properties shuttered, no live sports, no concerts, no night clubs, no conventions, on and on, I expected to see a vast wasteland of abandoned houses, but no, the housing market is just as hot there as it is in the rest of the West. Turns out a lot of them are .com workers bailing out of Silicon Valley to cheaper, much cheaper housing, and working remotely. I didn't see that coming. Probably should have kept my house longer considering it's gone up $100k since I sold it in 2016, (I had just kicked out a shit renter and re-habed the fucker and didn't want to go through that again).

Building projects are going full tilt here, not just housing but things like a $38b chip manufacturing plant and a planed $20b expansion of Intel. It's nuts, the components to make these projects are getting scarce and manufacturers are having to put their distributors on monthly allocations.

Glad my vehicles are paid for, and should have the house paid off in 5, and it will easily be worth twice what we paid, then I'll be moving next door to Flecker so we can torment the bird lady together.

 

[Bogus One]

I want to see numbers from beginning to end.

There is not a dealership on earth that is giving $300-420 monthly payments on $75,000 vehicles without a massive down payment.

Hell, my wife’s aunt that is a financial retard is the only person I know that try’s to justify her lease. Her shitty Ford sedan is around $400.

Nor are they giving "trade-in" values comparable to a few thousand in taxes

 

[Rockbuggy84]

Nor are they giving "trade-in" values comparable to a few thousand in taxes

Nor have I ever seen a person hold the title of their lease vehicle.
That makes absolutely zero sense.

 

[clodhopper]

When I moved from Las Vegas in 2015 the local economy had fully recovered from the housing/bank/wall street debacle. Now with Covid shutting the city down to a crawl, and I mean a crawl, entire casino properties shuttered, no live sports, no concerts, no night clubs, no conventions, on and on, I expected to see a vast wasteland of abandoned houses, but no, the housing market is just as hot there as it is in the rest of the West. Turns out a lot of them are .com workers bailing out of Silicon Valley to cheaper, much cheaper housing, and working remotely. I didn't see that coming. Probably should have kept my house longer considering it's gone up $100k since I sold it in 2016, (I had just kicked out a shit renter and re-habed the fucker and didn't want to go through that again).

Building projects are going full tilt here, not just housing but things like a $38b chip manufacturing plant and a planed $20b expansion of Intel. It's nuts, the components to make these projects are getting scarce and manufacturers are having to put their distributors on monthly allocations.

Glad my vehicles are paid for, and should have the house paid off in 5, and it will easily be worth twice what we paid, then I'll be moving next door to Flecker so we can torment the bird lady together.

Sounds alot like what my Grandpa described the roaring 20's were like.

 

[Roc Doc]

Sounds alot like what my Grandpa described the roaring 20's were like.

Maybe Gary will chime in to confirm or refute that statement.

 

[Poke]

Nor have I ever seen a person hold the title of their lease vehicle.
That makes absolutely zero sense.

Call AFG in Texas. It’s how they operate. They are my go to. I thought it was odd too at first. I have a few buddies that do the same thing.

 

[Poke]

Trade in value covers "most of the taxes", so you're putting money out, right?
And you're in a perpetual $420 a month payment, and never actually "own" anything. Am I getting this right?

Yes, I don’t finance taxes or registration so I pay cash.

 

[Rockbuggy84]

Call AFG in Texas. It’s how they operate. They are my go to. I thought it was odd too at first. I have a few buddies that do the same thing.

You’ve explained nothing.
You’ve made a hell of a lot of claims here that flat out make zero sense, including a payment of $300-420 on a $75,000 lease vehicle.

Please elaborate on this system.
Mathematically, nothing you’ve said makes an ounce of sense.

 

[Poke]

You’ve explained nothing.
You’ve made a hell of a lot of claims here that flat out make zero sense, including a payment of $300-420 on a $75,000 lease vehicle.

Please elaborate on this system.

I answered the question clearly with facts. Go reread his comment and my answer. If you can’t comprehend one small simple part of how it works.... nobody can help you.

tens of thousands of people or more hold the title on leases. AFG is my choice of the many leasing companies that operate this way. Stop being a millennial and call them with your questions. I’ll wait while you question me instead of putting any effort in to educating yourself.

 

[Thefishguy77]

Oh man, what an awesome point! HoW dId We EvEr Get ThRouGh LiFe wiThOuT tHaT MorSel Of KnOwLedGe?

Seriously man. Quibble about shitass language useage somewhere else. Leader has a wide pattern of usage. Besides, there aint a one of em on this forum just waiting to dance around cause someone called em a Leader. The jackasses already believe they are smarter than we are, which is the reason they went into politics. My word choice will have ZERO impact in the world. If you get your giggles outta carefully parsing specific titles to certain parties in life, knock yourself out. I cannot be bothered with that trivial shit. I vote them out whenever I have the chance.

Rules for radicals 101. Say something over and over and it becomes true.

 

[mobil1syn]

You’re gonna have to further elaborate on everything you’re saying.

You have the title of a vehicle you’re leasing.
You lease $75,000 vehicle for $420 and less a month.
Why are you making payments on a vehicle you own?
Maybe I’m missing something here and I’d love to know your secret.

think of it as an interest only loan of 2007. it works as long as he can trade the car in 'sell it back' since he holds the title via the leasing company.

the payments go against the principal and interest. he writes the check for taxes/registration, so as long he can unload it while the dealers still want it he can lease the car for little to no capex cost and by keeping the term short (im assuming under 18 months) he has essentially no operex outside of gas, insurance.

 

[Rockbuggy84]

I answered the question clearly with facts. Go reread his comment and my answer. If you can’t comprehend one small simple part of how it works.... nobody can help you.

tens of thousands of people or more hold the title on leases. AFG is my choice of the many leasing companies that operate this way. Stop being a millennial and call them with your questions. I’ll wait while you question me instead of putting any effort in to educating yourself.

“Hello dealership, I’d like to lease a 75k duramax for $420 a month and nothing down”
“Sir, that’s not mathematically impossible”
“Yeah, I know, just some bullshitter on the internet says that this is what you’re offering”
“Hahahahahhahahahababanahahhab”

 

[clodhopper]

Rules for radicals 101. Say something over and over and it becomes true.

You can quit trying to apply that bullchit around here. Even Alinsky will tell you to apply the rules on people who are opposed to your plans. Go ride that crap on the progressive boards you frequent.

 

[Rockbuggy84]

think of it as an interest only loan of 2007. it works as long as he can trade the car in 'sell it back' since he holds the title via the leasing company.

the payments go against the principal and interest. he writes the check for taxes/registration, so as long he can unload it while the dealers still want it he can lease the car for little to no capex cost and by keeping the term short (im assuming under 18 months) he has essentially no operex outside of gas, insurance.

I just did some research on his “leasing strategy” and you’re spot on.

It’s a debt program for financially retarded people.
You lease a vehicle you cannot afford because you get a low payment. Before the lease is up, you’re forced to trade in and get another vehicle on the same retarded plan because a massive payment would be due otherwise. The day comes where you can’t keep rolling debt on top of debt and you’re ridiculously upside down in your “leased” shitbox.

A small amount of research and even the dumbest of people will realize how idiotic these “leases” are.

 

[billdacat]

What about the price of equities, gold, silver and copper?

 

[TRINDU]

I trade them in, every time, before turn in. I am not sure you are qualified for this conversation.

I answered the question clearly with facts. Go reread his comment and my answer. If you can’t comprehend one small simple part of how it works.... nobody can help you.

tens of thousands of people or more hold the title on leases. AFG is my choice of the many leasing companies that operate this way. Stop being a millennial and call them with your questions. I’ll wait while you question me instead of putting any effort in to educating yourself.

Loaded vehicles and special editions hold their value much much better. A lease on a loaded special edition vehicle can be less than or close to a base model. I know because I lease my vehicles and the leasing company will tell you, if you call them, that you can be way ahead by going with the editions and you will make a lot of money at turn in. I’ve made $6k - $15,000 on trading in my leases in the last month. Now if you apply that to your payments, like $15,000 divided by 36 months. You pay way way less for the special editions. So your doing it wrong if your driving base models to save money. Your paying more and rolling your windows up by hand. Lol!

In my quick autotrader search there are no fords under $41k and it jumps to the mid 50’s quickly.

Buy high residual value vehicles on balloon payment leases. It's not a secret or hard to do. Very low payments on low mileage, trade them in after 18 months to 3 years and repeat. ignore the mileage limit and drive all you want. You end up paying very little, less than the cost of base models. $300-$420 dollar payments on $75,000 vehicles that are always under warranty. I have done it for a dozen years, I pay less than my buddies do for their base model trucks and cars.

From AFG, its sounds like you're NOT leasing, that whole concepts negates you ever holding a title. By having your name on the title, it sounds like you're utilizing their balloon LENDING program.

Your financing the portion you say youd use, say 36m/36k on a 75k vehicle, leaving a residual of 60k. I say 60k because a 36m loan on 15k is the ~$400 payment you're claiming ignoring interest.

I cant imagine the state not wanting their piece of the pie, but let's keep the wizardry rolling and you only pay on the 15k instead of 75k, resulting in ~$1250 in TT&L (using tx figures). Otherwise tt&l on a 75k car is pushing $5k.

In order for your claim of 'making $10k' (on average) on trade your current market value of the vehicle would be $70k after you drove it for a year. Gaining you the 10k over 60k in value over residual. But that residual is based on 36m and you're trading in early? Let's also ignore that fact its unheard of for a year old car to be worth the same as current year MSRP. A dealer could never sell a used vehicle if it's worth the same as new car MSRP.

This is all left with AFG holding their dick in their hand. Having paid 75k for the vehicle to the dealership, collecting ~4800 from you over the 12m period, then on the hook for the remaining 70k supposed equity. You've out of pocket $6k in total for driving the car for a year and back in a new luxury seat. Let's try not to figure out how AFG is still operating with this business plan.

I'm still a little fuzzy on why your perpetual payments remain after doing the year after year. Youre making $10k each time? Or is AFG?dealership? writing you a check on the difference? Why not apply to new purchase and drive for free?

I fully expect a pompous retort of how I'm not qualified or to ask someone else, but I hope my theory is proven wrong and I too can be paid to "lease" a new luxury vehicle every year.

 

[aczlan]

A dealer could never sell a used vehicle if it's worth the same as new car MSRP.

Have you looked at used truck prices since Cash for Clunkers? Its not unusual for a 1-3 year old clean low mileage truck to be within a few thousand of a new one.

Aaron Z

 

[TRINDU]

Have you looked at used truck prices since Cash for Clunkers? Its not unusual for a 1-3 year old clean low mileage truck to be within a few thousand of a new one.

Aaron Z

I sell trucks every week, I'm pretty in tune with the market. I will agree used truck prices arent as linear as they once were. But a franchise dealer could never sell a low mileage used truck, right next to, a brand new one for within a few thousand. I'm also saying MSRP, not promo discounts or jew power. The incentives for a new truck purchase far outweight a slight used. Especially at the 60k+ mark, where the person at the payment price point is pretentious and would rather have a new vehicle for $30 more a month. I was also speaking in generalities of pokes last decade of purchases, and not the insanity of the past 6 months. I've sold used vehicles for more than MSRP, but it's rare and the guys buying them were dweebs, and I made shitload.

I know you can search carguru, autotrader, etc and see people ASKING almost a new, but they're fishing for a sucker. It's not uncommon for these guys to hold for 90+ days

 

[Poke]

“Hello dealership, I’d like to lease a 75k duramax for $420 a month and nothing down”
“Sir, that’s not mathematically impossible”
“Yeah, I know, just some bullshitter on the internet says that this is what you’re offering”
“Hahahahahhahahahababanahahhab”

You are not intelligent enough or cannot read well enough for me to waste more time with this. At this point it’s obvious I’m getting trolled by a moderator. That is a new one, a mod talking shit not able to hold an adult level conversation. So eat shit, type your insults, learn to comprehend what you read. Been around PBB/IBB too long to care what some uneducated chest thumping clown is confused about.

 

[Poke]

From AFG, its sounds like you're NOT leasing, that whole concepts negates you ever holding a title. By having your name on the title, it sounds like you're utilizing their balloon LENDING program.

Your financing the portion you say youd use, say 36m/36k on a 75k vehicle, leaving a residual of 60k. I say 60k because a 36m loan on 15k is the ~$400 payment you're claiming ignoring interest.

I cant imagine the state not wanting their piece of the pie, but let's keep the wizardry rolling and you only pay on the 15k instead of 75k, resulting in ~$1250 in TT&L (using tx figures). Otherwise tt&l on a 75k car is pushing $5k.

In order for your claim of 'making $10k' (on average) on trade your current market value of the vehicle would be $70k after you drove it for a year. Gaining you the 10k over 60k in value over residual. But that residual is based on 36m and you're trading in early? Let's also ignore that fact its unheard of for a year old car to be worth the same as current year MSRP. A dealer could never sell a used vehicle if it's worth the same as new car MSRP.

This is all left with AFG holding their dick in their hand. Having paid 75k for the vehicle to the dealership, collecting ~4800 from you over the 12m period, then on the hook for the remaining 70k supposed equity. You've out of pocket $6k in total for driving the car for a year and back in a new luxury seat. Let's try not to figure out how AFG is still operating with this business plan.

I'm still a little fuzzy on why your perpetual payments remain after doing the year after year. Youre making $10k each time? Or is AFG?dealership? writing you a check on the difference? Why not apply to new purchase and drive for free?

I fully expect a pompous retort of how I'm not qualified or to ask someone else, but I hope my theory is proven wrong and I too can be paid to "lease" a new luxury vehicle every year.

Your spinning my numbers, cherry-picking them a bit so the math is out of line. I already posted in the other thread I’ll try to pull the numbers today and share them. And the call it a ‘lease’ at the credit union and dealership , so if you looked AFG and they call it ‘lending’ well.... pick your name but it’s a called a lease by the people selling and buying it

 

[TRINDU]

Your spinning my numbers, cherry-picking them a bit so the math is out of line. I already posted in the other thread I’ll try to pull the numbers today and share them. And the call it a ‘lease’ at the credit union and dealership , so if you looked AFG and they call it ‘lending’ well.... pick your name but it’s a lease to my knowledge

I just used the numbers you presented, even used them extremes or average to you favor. Hard to cherry pick when that's all you gave us to work with and understand.

AFG offers both a lease and lending program, with the balloon lending lining up with your claims by having the title in your name and positive equity at "trade".

 

[Poke]

I just used the numbers you presented, even used them extremes or average to you favor. Hard to cherry pick when that's all you gave us to work with and understand.

AFG offers both a lease and lending program, with the balloon lending lining up with your claims by having the title in your name and positive equity at "trade".

You can turn them in but it’s dumb because the trade in is higher than the balloon. So I use the difference as $ down. That’s the $ range I laid out as making $ at trade in. I am. That drops the payments and gets you ahead on the balloon for the next trade in. It stopped working as well last year, not sure why.

 

[TRINDU]

You can turn them in but it’s dumb because the trade in is higher than the balloon. So I use the difference as $ down. That’s the $ range I laid out as making $ at trade in. I am. That drops the payments and gets you ahead on the balloon for the next trade in. It stopped working as well last year, not sure why.

I'm starting to understand the process. Maybe I misinterpreted what you wrote, but it's not a simple as leasing a 75k car for $400/m then 'making' money on top. Rinse and repeat.

One thing I will sink my heels in is, it's not a lease. It's baloon lending. Would you happen to know the APR, or money factor regarding a lease, on those terms?

You're merely financing the short term and by design, some may argue getting lucky, that the vehicle retains exceptional value and doesnt tank.

Did you start out this endeavour by putting a hefty amount down? Possibly trading in a paid off car?

You pay TT&L based off the full purchase price? Or just the amount for your term?

 

[Rockbuggy84]

You are not intelligent enough or cannot read well enough for me to waste more time with this. At this point it’s obvious I’m getting trolled by a moderator. That is a new one. So eat shit, type your insults, learn to comprehend what you read. Been around PBB/IBB too long to care what some uneducated chest thumping clown is confused about.

You said that we could own a brand new to 2 year old $75,000 vehicle for $300-420 per month. Every couple of years, you take the positive equity of your vehicle and trade in for another new vehicle and at no time do you worry about mileage.

You then claimed that Your vehicles depreciation is virtually non existent, so you actually make money to cover the taxes and other associated cost of your next, new, $75,000 vehicle.

How does any of this make sense to you? Do some critical thinking here.

You Lease a brand new vehicle, no money down for $75,000 and Your payment is $420. Let’s say that every single cent of your payment goes directly to the principal and you keep it for 2 years. This drops your amount owed to $65,000.

You now owe $65,000 on a 2 year old vehicle. The actual value of your 2 year old vehicle is $70-$75,000, so this covers your associated cost of jumping into a new one?

I ran numbers in your favor, including running your highest payment number and giving you credit for every single cent going directly to principal. Mathematically, nothing makes sense. Every vehicle you purchase loses almost zero value in 2 years?