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Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

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Old 04-16-2012, 07:51 PM   #51
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I have my brother. He says no to leasing.
What is his reasoning?
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Old 04-16-2012, 08:09 PM   #52
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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.
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Old 04-18-2012, 09:23 PM   #53
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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.
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Old 04-18-2012, 09:56 PM   #54
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i'm 99% sure that lease/finance rates and residuals are solely determined by the manufacturer.
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Old 04-18-2012, 10:38 PM   #55
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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.
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Old 04-18-2012, 11:03 PM   #56
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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.
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Old 04-19-2012, 08:57 AM   #57
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^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..
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Old 04-19-2012, 11:40 AM   #58
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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
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Old 04-19-2012, 12:20 PM   #59
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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.

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Old 04-19-2012, 01:14 PM   #60
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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?


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Old 04-20-2012, 10:44 AM   #61
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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.
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Old 04-20-2012, 11:16 AM   #62
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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.
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