RentaVolt

Way too pricey $$$$.

Too pricey, too iffey. But if you want to drive one of the full body electric vibrators, this is a way to do it without too much exposure... Should appeal to previous Yugo owners, people who are into Fiats, etc.

So how does a lease work in the USA? If the subsidised buying price is say $30,000 (after the $2500 downpayment) and you pay $12,600 in monthly payments (36 * $350) and assuming the interest rate is subsidised too, that'll leave $20,000 minimum left owing. Can the buyer walk away and owe nothing, or does he have to buy for whatever the figure is at the end of the 3 year lease, which would be at least $20,000? Is there a limit on how far the buyer can drive in that 3 years if he can walk away at the end?

3*12*350 12.600 12.600+2.500 15.100

You pay 15.100 according to this info

41.000-15.100

That leaves

25.900

After the government subsidy

25.900-7.500

You still have

18.400

left and this is assuming there will be no interest to pay.

18.400 is probably colose to what the Volt should cost in the first place so you would be paying for three years an overprice.

Even if we are looking at inflation on ordinary stuff like food etc then housing and cars are facing overproduction and prices should be going down and not up.

It will be interesting to watch if the Volt will sell and how many.

Same is interesting to watch the GM IPO.

The cars and the stocks should be worth less if not worthless.

Then again the last idiot is not born yet.

"Willy" wrote

Typical lease you can walk away owing nothing. There is usually a limit on the number of miles you can drive, about 12,000 to 15,000 a year. Then you pay per mile above that. I've seen numbers from 15¢ to 50¢. Most leases specify the value at the end of the lease and you can buy the car at that price if you desire, but the dealer would rather you got a new one.

P.T. Barnum knew that too :-)

Yes, at the end of the lease you can walk away if you havent exceeded the mileage (for which you have to pay) and the car is in acceptable condition.

There is no free lunch. There is no way they can or will lease you a car cheaper than you can buy it yourself. Even Obama cannot defend "negative profit" as being a legitimate business strategy. Now, if Baroque subsidizes these cars even more than is obvious, I guess they could burn them all in a bonfire and GM would still take money out of your pocket.

It never pays one to buy a vehicle they have leased, for obvious reasons.

You forget to mention Pruis owners

3*12*350 12.600 12.600+2.500 15.100

You pay 15.100 according to this info

41.000-15.100

That leaves

25.900

After the government subsidy

25.900-7.500

You still have

18.400

left and this is assuming there will be no interest to pay.

18.400 is probably colose to what the Volt should cost in the first place so you would be paying for three years an overprice.

Even if we are looking at inflation on ordinary stuff like food etc then housing and cars are facing overproduction and prices should be going down and not up.

It will be interesting to watch if the Volt will sell and how many.

Same is interesting to watch the GM IPO.

The cars and the stocks should be worth less if not worthless.

Then again the last idiot is not born yet.

Few buyers understand the advantages of leasing over buying. For example If you drive less than the American average 15,000 miles per year, would you take 10,000 mile a low mileage lease, over a five year financed purchase?

Funny, I will pay less for my F150 and the heat and A/C work great.

And of course taxpayer subsidized for GM. Bad credit, no job, welshed on a loan before, no problem - AmeriCredit (a government Motors company) will lend your the money and in 3 years GM will once again trash another financial institution just like they did with GMAC. At which time they will dump AmeriCredit.

Here we go again...

Pretty easy. AmeriCredit will take on the paper value of the vehicle, they in 3+ years write it down becoming unprofitable. If AmeriCredit fails, dump it on the taxpayers. Just like they did with GMAC.

GMAC got in trouble holding too much bad credit and not enough residual value to cover. Four bailouts so far, and not solvent, GM didn't want GMAC back. Stigma of GM is so bad, GMAC even changed it's name to Ally.

From a cost perspective, why not import $2500 Tata Nano that gets over

50 mpg and is Euro crash rated? Only the cost of a downpayment!!! No DEBT, no need for bailouts. It even goes farther on a single charge of motion potion.

Looking for a eco car, want North American built because you insist? But rather skip the UAW/CAW over priced garbage? Companies exist that will sell them under $12,000 no problem, but they fight with governmetn as they are closing them out of the market. In effect, favoring the racketeering on pricing of the big companies.

Leasing is almost always more expensive unless it is needed for tax deductible reasons.

TCO, 9 years

$2500 down every 3 years with $350 month is $40,300.

F150 with real A/C and heat is say $30,000 (or less) kept for 9 years.

While the F150 might burn more fuel at first glance, it will not up your utility bill as electric, you pay others to burn the carbon for you.

If each racks 10,000 miles a year, in a F150 no need to rent a real vehicle for the 500 mile trips or Costco pickups. Holds 56" TVs and fridges including yard garbage for the dump.

Most people would save more if they went to one good all purpose vehicle instead of two depreciating assets, only have one.

And at 40 miles per charge with a new battery...I don't think many Volt owners will do more than 10,000 miles a year. That would be 27.4 miles per day ever day of the year.

And in above, at 9 years you still own the F150 with only 90,000 on it while the Volt, you need to shop and put down cash again.

Heard today that you will be able to lease a Volt for $350 per month with a down payment of US$2500. Term 3 years, then you can buy it if you wish. This may move some people into these cars. hls.

And of course taxpayer subsidized for GM... I will pay less for my F150 and the heat and A/C work great. Canuck57 __________________________________________________________________________

C-57 correctly notes that the $7500 "government" subsidy is actually a transfer of money taken from a taxpayer and given to someone who is willing to buy a government approved politically correct vehicle.

It's difficult to see how stock in the new GM can pay off for stockholders. The old management broke the company with unsustainable wage and benefit concessions to the unions. In bankruptcy, the unions took their unfunded pensions in new GM stock. The unions are now the owners of the new GM, in an even stronger position to convert company earnings into more union benefits, leaving stockholders out in the cold.

If this happens investors will shun the new GM and it will again sink into bankruptcy. But GM is still "too big to fail", so taxpayers will be burdened to bail it out again. If our economy collapses from bailout taxes will the international community bail us out because the US is "too big to fail"?

Rodan.

=A0 =A0 =A0 =A0 =A0Canuck57

The US has been hard at printing $ and spreading them all over the world. What will eventually happen is that the rest of the world will start giving those $ back and the US will have to use more $ for anything they want. It is really a big problem already that there are so many $ around. The $ will have to be replaced with something and it will take a long time to replace $. So in a way the US is too big to fail but it actually has failed already. The US has not discovered yet that the way they fight wars is not working. The US claims victory only to discover year later they did not win nor change anything. Only thing that happened is they spent a lot of $ in the country. So out goes $ and back come bombs and terrorists.

In message , Bjorn writes

As a reserve currency, the Dollar exists alongside the Euro and the Yuan.