Car Leasing / Buying (in the USA)

[Macky]

Hmmmm.....try Enterprise, Avis, Budget, Hertz, Thrifty, Alamo, Dollar, Nationalcar, etc. You can rent as long as you want. Then you can buy one of their cars if you wish..hehehehee

Wala atang rent-to-own na kotse.... appliances meron. I used to work at Enterprise Rent-A-Car. Yun ang una kong company dito sa US. Meron akong 20% discount sa mga used cars nila (depende sa level ng position tong benefit na to). Sayang at hindi ko nagustuhan ang mga katrabaho kong Indians doonkaya lumipat ako sa iba. Magaganda din ang maintenance nila sa kotse nila kaya lang bibihira ang Jap cars.... pulos domestic. Mahirap makipagsapalaran sa used na domestic not to mention na previously rental pa

[airshaq20]

Wala atang rent-to-own na kotse.... appliances meron. I used to work at Enterprise Rent-A-Car. Yun ang una kong company dito sa US. Meron akong 20% discount sa mga used cars nila (depende sa level ng position tong benefit na to). Sayang at hindi ko nagustuhan ang mga katrabaho kong Indians doonkaya lumipat ako sa iba. Magaganda din ang maintenance nila sa kotse nila kaya lang bibihira ang Jap cars.... pulos domestic. Mahirap makipagsapalaran sa used na domestic not to mention na previously rental pa

My sister just rented at enterprise a couple of days ago and asked me to return it...then saw a fleet of cars marked for sale inside their lot.....who on their right mind will buy these cars? haha.....

BTW,i was just kidding about the rental cars....it was just funny when i heard about the "rent to own cars" - reminded me of those rental companies who sell used cars...LOL...that, you can consider as a "rent to sawa"....as long as you have money to pay for it.....then return it whenever......and if u wish to buy their used cars.....you can go ahead.....hehehe

[the_wildthing]

Hehe syempre may trabaho pag dating dyan, ano ba naman kayo... :D

voltes V mukhang malabo nga yan... Yan ang problema ko if ever.

Wala nga sigurong rent-to-own, pero VW offers lease, then option to purchase, just don't know the diff.

[Karding]

Hehe syempre may trabaho pag dating dyan, ano ba naman kayo... :D

bwahahaha, mga parang ewan eh noh?

If I were you, save at least $2,500 and buy a Honda/Toyota/Nissan. Kahit na 100,000 miles yan, it will serve you another 3 years at least. They lasts up to 200,000 Then after 3 years naman siguro, you have some money saved kse wala kang monthly payment...time to upgrade!!! Pero I wouldnt suggest a brand spanking new car after 3 years. Bili ka ulit ng isa pa na 5 year old used car then use the rest of the money to invest on a home, or a condo. When the condo/house generates equity after a year, cash out and get yourself a brand new car, and pay it in CASH. (there is more to real estate but Im just giving you the basic)

See, maraming mali sa mga pumupunta dito or nakakapag-trabaho agad. Gusto nila mataas ang tingin sa kanila kaya bumibili ng magagarang kotse. Wag ka, renter lang naman ng bahay. Dont get me wrong, I used to be on that position and I learned my lesson.

RE: building your credit

Easiest way is a department store credit card. Then get a 'secured visa/mastercard' from your bank. Secured means they usually hold an amount equivalent to 50% of your savings deposit for a year and you can never withdraw that fund until after a year. Then call the bank and ask if they can unsecure your credit card since you have paid them religiously (im hoping) with the monthly payments.

RE: ONLY lease the cars that depreciates less

i.e. BMW, Jaguar, MBZ, Lexus, Acura, Audi etc. When it comes to worst, Honda pero top of the line na Honda

[Karding]

in addition to what Karding said....in my experience, one of the easiest is...
1. get a job

makulit 'tong si kapatid na airshaq20 eh

Hehe syempre may trabaho pag dating dyan, ano ba naman kayo... :D

airshaq20 suggested Chase, I highly recommend CAPITAL ONE credit cards

[airshaq20]

in addition to what Karding said....in my experience, one of the easiest is...
1. get a job, open a bank account
2. pay your bills religiously
3. get a personal loan for a thousand bucks from your bank - get a 12 month term, they usually will give you 8 something percent which is fine
4. pay it in 3 months.....your credit score hits high(er)
5. apply for a credit card with a 500 bucks limit (Chase credit cards are the one of the nicest for first timers)
6. use your card but pay the whole amount every month (gets you good points to your credit score)
7. make sure you have a savings account that is more than your liabilities so keep saving up.

[ILuvDetailing]

Karding: Medyo OT lang to, pero I'll shoot... What do you mean when you said "When the condo/house generates equity after a year"?, Pardon my ignorance. Mods please open up a new thread kung masyado ng OT.

[Karding]

Karding: Medyo OT lang to, pero I'll shoot... What do you mean when you said "When the condo/house generates equity after a year"?, Pardon my ignorance. Mods please open up a new thread kung masyado ng OT.

no problem kapatid.

2003 you bought the house for $200,000 with zero downpayment, payable in 30 years and making $1,600 a month.

2004; nagpa appraise ka ng binili mong house. The appraisal was $275,000

See the $75,000 value? That's what we call equity in the US. You can cash-out (another loan put on to of your original $200,000 loan back in 2003) the $75,000 to use for whatever reason you may want it.

Thats what happened to my friend recently. He paid Cash on 2004 Oddysey and 2003 Subaru Impreza and built a $10,000 Swimming Pool sa backyard.

[airshaq20]

makulit 'tong si kapatid na airshaq20 eh

So whats your point man? Seems like you're bothered...you may wanna skip my threads para di ka makulitan....

[Karding]

What I would do next year with my equity is buy another house, have my townhouse rented by someone so may income pa ako. Kapag nag built ng equity ulit ang 2nd house ko, I'll use it to buy another house and so on and so on...I'd probably stop buying houses soon as I get 10 properties.

See, lahat ng houses mo, someone is paying it for you (the renter) at ang tax deductible/refund, napupunta sayo. Palagay nating sa first year $1,600 ang monthly mo sa loan, then refinance for a lower interest rate. This could go as low as $1,200, then have it rented for $1,300, may income ka na ng $100 tapos may taga-bayad ka pa ng property mo (yung renter) ;) Kahit pa rentahan lang ng $1,200, at least may taga-bayad ka ng property mo. When you retire, you can sell all the house at mas malaki pa ang kikitain mo dahil for 20 years, tumaaas ang value ng property.

[Macky]

What I would do next year with my equity is buy another house, have my townhouse rented by someone so may income pa ako. Kapag nag built ng equity ulit ang 2nd house ko, I'll use it to buy another house and so on and so on...I'd probably stop buying houses soon as I get 10 properties.

See, lahat ng houses mo, someone is paying it for you (the renter) at ang tax deductible/refund, napupunta sayo. Palagay nating sa first year $1,600 ang monthly mo sa loan, then refinance for a lower interest rate. This could go as low as $1,200, then have it rented for $1,300, may income ka na ng $100 tapos may taga-bayad ka pa ng property mo (yung renter) ;) Kahit pa rentahan lang ng $1,200, at least may taga-bayad ka ng property mo. When you retire, you can sell all the house at mas malaki pa ang kikitain mo dahil for 20 years, tumaaas ang value ng property.

True.... true.... this is probably what I should do.... kailangan kasi dito ang lahat ng tax shield na makukuha mo, hehehe.... just to add, check up on CAPITAL GAINS TAX pag nagbenta ng bahay. Muntik na kami dito, hehehe.

[GlennSter]

airshaq, CAREFUL WITH YOUR WORDS man...if you can't take the words of other people, better not resort to cheap shots.

[GlennSter]

thread closed because of derogatory name callings.

[airshaq20]

airshaq, CAREFUL WITH YOUR WORDS man...if you can't take the words of other people, better not resort to cheap shots.

I was minding my own Glenn....but seems to me some people has to "attack" every post i put....

[mazdamazda]

reopening this useful thread.

behave boys and girls. anymore comment / argument about that will be deleted.

thanks!

[Rediesel]

parang nakakatempt nga mag lease e.

example car payments ko is 450+ * 60 mos (CRV EX)

in 3 yrs =16200 inilabas ko

kung maglelease ako 279 lang ( sample Pilot EX)

in 3 yrs = 10044

so after 3 yrs ang natipid ko sa lease = 6156

In 3 yrs meron na akong 6156 na natipid tapos Pilot pa yung nagamit ko, after the 36th month makakalease ulit ako ng bagong kotse.

E yung financing stock pa din sa old kotse ma fufull pay in 5 yrs, so 2 yrs to go pa.

After the 5th yr parang gusto mo na siyempre palitan yung kotse mong luma.Yun nga lang kung hindi mo gagawin yun wala ka nang monthly na ilalabas.

Nakakatempt lang dahil kahit Benz, BMW Jaguar, Acura Infinity pwedeng ilease.

BMW 3 series 299 a month

Jaguar X type ganon din less than 300

Infinity FX less than 450

Volvo XC90 440 something

Probably I'll try it within the next 3 yrs.