02-01-2014, 08:40 PM | #67 | |
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02-01-2014, 08:59 PM | #68 | |
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....and let's be honest here, where the home ownership examples are concerned, most people sell before they ever own a home outright. |
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02-01-2014, 09:16 PM | #69 | |
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02-01-2014, 09:25 PM | #70 | |
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02-01-2014, 09:28 PM | #71 |
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I misunderstood 48Laws' comment about weathering the storm. He must have meant most people sell before reaching the end of a mortgage. I agree with that and it has been my experience as well. However, even in a scenario where a bank perpetually owns your home, any equity realized is yours. If you rent, only the property owner is getting that equity.
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02-01-2014, 09:34 PM | #72 |
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Yes. I'm saying that building equity in a home can be a slow, arduous process but it will always appreciate unlike a car. One may experience blips in the real estate market but it does come around.
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02-01-2014, 09:44 PM | #73 |
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02-01-2014, 10:16 PM | #74 | |
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02-01-2014, 10:39 PM | #75 |
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Again...that home is almost guaranteed to increase in value over time unlike a car. You can't simplify a short sale as it has too many variables but, I tell you this....the price will always go up.
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02-02-2014, 03:15 PM | #76 |
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It can be done, I have personally seen multiple deals like this go through.
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02-02-2014, 10:51 PM | #77 |
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02-02-2014, 10:57 PM | #78 | ||
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02-03-2014, 05:34 AM | #79 |
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02-03-2014, 05:54 AM | #80 | |
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02-03-2014, 07:36 AM | #81 |
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There's very little way around a $1600 car note for a $100k car. Even with no interest and financed for 84 months the note is still over $1k/month. And with leases there's all types of fees. So, if one can lease a $100k car for $750/month...it's not really a $100k car lol.
Last edited by 48Laws; 02-03-2014 at 10:33 AM.. |
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02-03-2014, 07:54 AM | #82 | |
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02-03-2014, 10:34 AM | #83 |
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02-03-2014, 10:40 AM | #84 |
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02-03-2014, 01:24 PM | #86 |
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02-03-2014, 01:29 PM | #87 |
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01-26-2015, 11:41 AM | #88 |
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Modifying While Leasing
It's easy to get bitten by the mod bug after just 10 minutes on this forum.
How many people that lease make some modifications to their cars? What are the rules at lease end? I assume the car has to be returned in its original purchase condition? How would an engine map be viewed by the dealers? I appreciate it might be a money hole, but I were a price buyer, it would be a Kia Optima I was thinking of modifying, not a ~$80K car I figure I have 38 more months to enjoy the car, with or without mods. Just curious as to others' opinions. James.
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