: How often do you get a new car?



Peyton
06-25-13, 08:48 PM
Hey all,

Just curious, how long do you own/lease your cars for?

I personally love new cars, I don't have a wife or kids, got a good job and so I have had 6 cars in the last 3 years...gulp, but I just love having a new car. I got my ATS 3.6 black/black last week and I like it a lot and I'm going to try to keep it as long as possible just seeing what average is, what reasonable is and if anyone else gets the itch to trade like I do.

jynxsee
06-25-13, 10:03 PM
Usually about 3 years for me. Though my last car I only had for about 18 months because I wanted the ATS...Badly... :-)

MyersBalls
06-25-13, 10:37 PM
I'm typically in the 2 year range although might notate it that long when the ATS-V come out.

Bertha D Blues
06-25-13, 10:48 PM
I had my previous car 7 years and my wife's car for 8. I've had my truck and other car for 15 and 26 years respectively. Bert

bluecrayon
06-25-13, 11:48 PM
Usually like 10 but now that I started leasing my ats, maybe 3. Might look into the ats-v in a couple years!

stevenzoz
06-26-13, 12:34 AM
I lease and my previous 2 leases were 39 months but I got out of them both around 6 months early to do lease pullaheads into other cars. Anyway, my ATS is 36 months but I'm thinking of just buying it out after the lease because of the sick deal i got. Then when it's paid off, I'll trade it for an ELR :bouncy:

huna
06-26-13, 08:26 AM
Hey all,

Just curious, how long do you own/lease your cars for?

I personally love new cars, I don't have a wife or kids, got a good job and so I have had 6 cars in the last 3 years...gulp, but I just love having a new car. I got my ATS 3.6 black/black last week and I like it a lot and I'm going to try to keep it as long as possible just seeing what average is, what reasonable is and if anyone else gets the itch to trade like I do.

Well you are certainly stimulating the economy!

David
06-26-13, 08:56 AM
I lease; my ATS is for 30 months, the usual length I opt for most frequently. I have owned my '92 Cadillac Allanté for 19 years; bought it when it was just a year old.

GJB
06-26-13, 10:26 AM
I buy and usually go 5 to 6 years or 90k range. This way I have it paid off for a couple of years with only one major service and enough tread on the 3d set of tires to not replace. The residual value from private sale or trade in goes toward the new car. I like the idea of a lease and a new car more often but the freedom of owning (barely) outweighs it.

ewellsie
06-26-13, 03:29 PM
Had a CPO 330i for about 3 1/2 years, traded it for a leased TSX for 36 months, then bought a CPO 335i I've had for 3 1/2 years, and now trying to trade/sell that for an ATS lease.

So I guess I'm averaging 3-3.5 years per vehicle.

pragmatic
06-26-13, 08:18 PM
I buy used and keep for 12 to 15 years.

Lorne
06-26-13, 08:29 PM
In past I had 4 year leases, but I bought out my last car, a 2007 Civic, and drove for 6 years in total, until I bought my ATS. (First Cadi !!!) I got a 3 year lease on the ATS because monthly lease rates for the 3 year lease are quite low, but the buyout is rather high -- I love my ATS, but the high buyout makes me less likely to buy it. I will probably lease a 2016 when the lease is up.

thebigjimsho
07-02-13, 01:07 PM
When I buy a car, I can't even think about the next one...

Hoosier Daddy
07-02-13, 01:50 PM
In past I had 4 year leases, but I bought out my last car, a 2007 Civic, and drove for 6 years in total, until I bought my ATS. (First Cadi !!!) I got a 3 year lease on the ATS because monthly lease rates for the 3 year lease are quite low, but the buyout is rather high -- I love my ATS, but the high buyout makes me less likely to buy it. I will probably lease a 2016 when the lease is up.
It's not like you have to pay the buyout amount. The car will be worth whatever it's worth. They will gladly sell it to you for the going rate. The lessor would just as soon avoid having to auction it off.

Lorne
07-02-13, 07:38 PM
It's not like you have to pay the buyout amount. The car will be worth whatever it's worth. They will gladly sell it to you for the going rate. The lessor would just as soon avoid having to auction it off.

If that's the case, what does the buyout amount mean? Is it only relevant if the car is worth more than the buyout at the end of the lease?

Hoosier Daddy
07-02-13, 08:06 PM
If that's the case, what does the buyout amount mean? Is it only relevant if the car is worth more than the buyout at the end of the lease?
It's just a cap on what they can charge you if you want to keep it. As you might guess, they might try to convince you that's what you have to pay, but it's not.

So a sky high buy out figure at lease end is an extremely good thing for the lessee because the higher the buy out at end of lease, the less the monthly amount is. In the case of the ATS, GM paid the lessor for that high buy out to lower the payments. For example, if the lessee estimates the car will be worth x and Cadillac wants it to be y, they pay the lessee the difference.

ben.gators
07-04-13, 09:36 PM
When I was signing my lease papers, I asked the finance manager the very same question ; what if at the end of the lease term I like to buy the car, but the fair market value of the car is way less than the residual value. Is there any way to negotiate the buyout value and make it realistic? His answer was interesting. He told me there used to be procedures and possibilities for such cases. But during the financial crisis of 2007-2008, when the fair market values were considerably less than the estimated residual values, the dealers abused such procedures and possibilities so much that the leasing banks and GM almost totally removed such possibilities. So the short and the simple answer is no.

Frikiton
07-07-13, 01:59 AM
I've bought 2 cars in the last 3yrs
Cadillac STS 2006 RWD Fully Loaded for 2yrs
BMW 328 XI 2007 for 11 months
Almost pulled the trigger on a CTS Coupe until I woke up from the dream to realize ATS is where its at.

MoistCabbage
07-07-13, 02:39 AM
So far, I get a new car when one is totaled...