NorCal (Bay Area) OFF-TOPIC Chat Thread

[Kaotic Lazagna]

Originally Posted by jsimon7777

I don't think cpo means much, but if the miles are reasonable, it seems like a good deal.

Longer powertrain warranty, and no more than 2 metal panels could have been repainted.

Weird since you can have a car with 800 miles and it won't be CPO if an entire side has been repainted from being keyed. That's happened before with a new Corolla that was sold back to us with 200 miles on it, so we practically had a new Corolla in our pre-owned lot that was not CPO. lol

[spike021]

Originally Posted by jsimon7777

I don't think cpo means much, but if the miles are reasonable, it seems like a good deal.

Has about 23k miles I think, which seemed fairly reasonable.

but yeah CPO I think adds a warranty, and the idea, IMO, is that even though it's used it might be better than just buying used off a random person who may have messed with the car and decided to sell without getting everything back correctly.

I'm not sure how much a CPO is 'restored' or checked over, but it's just a bit more peace of mind.

edit: actually it has about 13k miles

[EAGLE5]

Originally Posted by spike021

Has about 23k miles I think, which seemed fairly reasonable.

but yeah CPO I think adds a warranty, and the idea, IMO, is that even though it's used it might be better than just buying used off a random person who may have messed with the car and decided to sell without getting everything back correctly.

I'm not sure how much a CPO is 'restored' or checked over, but it's just a bit more peace of mind.

edit: actually it has about 13k miles

A totally beat-upon car can still be CPO'd as long as it meats the CPO criteria, and an almost-perfect car can be non-CPO because of something relatively minor that doesn't meet the criteria. That said, that's few miles and a pretty good price. Honestly, though, a new car isn't much more. Truecar says you can get a base BRZ for $24,200, which is the equivalent of an FRS. You're saving $5,000 for an old car. Not worth it, methinks.

[spike021]

Originally Posted by jsimon7777

A totally beat-upon car can still be CPO'd as long as it meats the CPO criteria, and an almost-perfect car can be non-CPO because of something relatively minor that doesn't meet the criteria. That said, that's few miles and a pretty good price. Honestly, though, a new car isn't much more. Truecar says you can get a base BRZ for $24,200, which is the equivalent of an FRS. You're saving $5,000 for an old car. Not worth it, methinks.

For a brz I'd need to get the limited trim though since I'll be getting the AT, so that would bump up the price quite a bit more. I think when I looked last the quote for that was closer to 26k.

Makes it a hard decision. I just thought I'd I can save some money getting used for my first car then it would be better. Maybe I'm wrong though.

[EAGLE5]

You'd save some money, but not much. I mean, a 3-year-old car vs a new one for a 6-7k difference? And 17s aren't far off. If you can wait, it'll be an even better deal.

[finch1750]

I bet you could get a 16 FRS for a steal once the the 17 86s come out. New MY, facelift, and no more Scion is an incentive I'm sure.

[NissanGuy]

Who's going to see The Fast and The Furious?

Originally Posted by finch1750

I bet you could get a 16 FRS for a steal once the the 17 86s come out. New MY, facelift, and no more Scion is an incentive I'm sure.

Don't think so. One word: Butterface.

[spike021]

Originally Posted by finch1750

I bet you could get a 16 FRS for a steal once the the 17 86s come out. New MY, facelift, and no more Scion is an incentive I'm sure.

I mean, that's the issue I keep dealing with. I looked at the site for a brand new MY 2016 and monthly financing would still be like 450+ per month, versus if I do this one it could be around 320 per month.

I've done the calculations and know I'll be able to afford one, but 450+ vs 320 is still a pretty big difference.

It's such a hard decision to make, especially since going BRZ means being forced into getting the limited trim.

Are you saying used MY '16 will be cheap or new ones that need to be sold off the lot to make room for MY '17s?

Originally Posted by jsimon7777

You'd save some money, but not much. I mean, a 3-year-old car vs a new one for a 6-7k difference? And 17s aren't far off. If you can wait, it'll be an even better deal.

Yeah that's my dilemma. I just don't know. It's my first car so I figured going used first would be better, and that saving money in the long run would mean I could do more with the car aftermarket-wise if I was in the mood.


If there's a pretty good chance I could do well on a '16 then I might wait it out. Do you guys remember what prices were like on '15s when the '16 came out?

[Kaotic Lazagna]

Why don't you lease a new one. Will be similar monthly payments as a CPO, but with less money up front.

[spike021]

Originally Posted by Kaotic Lazagna

Why don't you lease a new one. Will be similar monthly payments as a CPO, but with less money up front.

I thought that even though leasing costs less up front it winds up costing more down the road?

A friend of mine suggested that too, but when I was doing some research it didn't seem like as much of a deal. Do you know anyone who's leased one before?

[Kaotic Lazagna]

Originally Posted by spike021

I thought that even though leasing costs less up front it winds up costing more down the road?

A friend of mine suggested that too, but when I was doing some research it didn't seem like as much of a deal. Do you know anyone who's leased one before?

Think about it as more money in your pocket now than later. With Toyota, at least, lease to own ends up being at most 1k more than finance to own. If you refinance it, and pay it off quicker, that number decreases (no pre-payment penalties for CA).

The nice thing here is you can lease it for 3 years, wait for the 2nd gen to come out since it's supposed to be something "surprising," and just trade it in for one when it comes out (that is if it isn't delayed).

Probably 60% of my customers lease their cars, perhaps even more. Shoot, out of all my coworkers, I think I'm the only one who did not lease their car (I took an 84 month term, but will be paying it off by year 4 or 5).

[spike021]

Originally Posted by Kaotic Lazagna

Think about it as more money in your pocket now than later. With Toyota, at least, lease to own ends up being at most 1k more than finance to own. If you refinance it, and pay it off quicker, that number decreases (no pre-payment penalties for CA).

The nice thing here is you can lease it for 3 years, wait for the 2nd gen to come out since it's supposed to be something "surprising," and just trade it in for one when it comes out (that is if it isn't delayed).

Probably 60% of my customers lease their cars, perhaps even more. Shoot, out of all my coworkers, I think I'm the only one who did not lease their car (I took an 84 month term, but will be paying it off by year 4 or 5).

How come so many car-oriented websites seem to be against leasing? The main downside IMO is not owning the car by the end (except if I buy it out at that point).

BTW thanks for the advice. I didn't realize figuring all this stuff out for the first time would be so complicated, lol.

[Kaotic Lazagna]

Originally Posted by spike021

How come so many car-oriented websites seem to be against leasing? The main downside IMO is not owning the car by the end (except if I buy it out at that point).

BTW thanks for the advice. I don't realize figuring all this stuff out for the first time would be so complicated, lol.

Not sure, but more and more people are leasing now. There really isn't any downfalls to leasing if properly understood and planned for. It really is just another way of financing a car. Think about it as a short term finance with the ability to bail at the end should the market value of the car be much lower than the residual value.

If you drive more than 18k miles a year, it may not make payment sense as it gets closer to the financing payments, but it gives you the opportunity to get away from a "high mileage car" at the end. I know Toyota will do a 30k mile per year lease. Lol.

[Kaotic Lazagna]

Leasing a luxury brand, imo, is a trap. They exaggerate their residuals, lowering your payments, but when the time comes, the actual market value of the car is no where near the set residual. So you're either stuck with the negative equity, or are buying a car that you know is lower in value than what you're paying for, or are stuck with having to pay a high disposition fee (I know MB is 650 bucks or so, Toyota is 350) to return the car. A lot of brands have separate residuals for the dealership, competitive brand dealership, and the customer. So be aware of that. I know Toyota doesn't care, their residual is the residual, no matter who it is buying the car at the end. Some brands don't allow you to trade in the car at a certain point in the lease either.