sasaki@harvard.UUCP (Marty Sasaki) (01/04/86)
I just ran into another scam. This involves leasing a car.
I couldn't afford a car that was at all "fun", just a basic econobox.
I had heard that leasing was a way to afford more auto. The folks at
Silver Lake Dodge (yeah, that Silver Lake Dodge...) came up with a
package where I could afford an Dodge Omni GLH, not as much fun as
most of you net.auto nuts drive, but good enough for me. Part of this
package included insurance at a really good rate.
Some of you may think that auto leasing is a scam, but I have a fun
car that I could not otherwise afford. It seemed like a good deal.
A few days ago I got a notice in the mail that my monthly insurance
bill was going to go up by more than 120%. Silver Lake Dodge
apologized for the increase, it was the best that they could do. They
suggested that I go elsewhere for insurance.
So what Silver Lake Dodge has done is enticed me into a lease by
presenting me a package. After I am totally commited, and they have
made their money on the lease, they withdraw part of the package. The
economics have changed completely and rather than having a good deal,
I am stuck with a marginal deal.
I still like the car, but will be a lot smarter in the future. I am
saving for a down payment on my next car now, so when my lease expires
I will do the right thing.
--
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Marty Sasaki net: sasaki@harvard.{arpa,uucp}
Havard University Science Center phone: 617-495-1270
One Oxford Street
Cambridge, MA 02138mikey@techsup (01/09/86)
What did you tell your insurance company and what car did you have before. If you just went from a 68 nova with an 86 GLH, expect a whopping increase. If you don't think about insurance when you buy a car, what difference is it when you lease? I own an 85 GLH Turbo and was actually pleased witht he insurance rating. My rating went down from my 80 Pontiac but my actual rates went up because of it being a newer model. BTW, the GLH Turbo is considered a 'compact economy' car by Prudential and Nationwide, with very low corresponding premiums because it is a '4-door'!!!!! Maybe it also matters that I'm over 30 and married, but I was just comparing two cars so the rest is the same. When I called the Nationwide rep for my area, he told me the GLH is rated at number 7 on a scale of 3 to 23. He didn't look up the Corvette, but he said that was up around number 20 or 21. Seems that 4 doors saved me a bundle. mikey
akers@oliven.UUCP (Rob Akers) (01/16/86)
> > > > What did you tell your insurance company and what car did you have > before. If you just went from a 68 nova with an 86 GLH, expect a > whopping increase. If you don't think about insurance when you > buy a car, what difference is it when you lease? I own an 85 GLH > Turbo and was actually pleased witht he insurance rating. My > rating went down from my 80 Pontiac but my actual rates went up > because of it being a newer model. > > BTW, the GLH Turbo is considered a 'compact economy' car by > Prudential and Nationwide, with very low corresponding premiums > because it is a '4-door'!!!!! Maybe it also matters that I'm over > 30 and married, but I was just comparing two cars so the rest is > the same. > > When I called the Nationwide rep for my area, he told me the GLH is rated > at number 7 on a scale of 3 to 23. He didn't look up the Corvette, but he > said that was up around number 20 or 21. Seems that 4 doors saved me > a bundle. > > mikey My insurance company (USAA) rates my Mazda 626 4dr as a "normal" risk and the Mazda 626 2dr as a "high" risk. I find this amusing since it was a toss up as to whether I bought a 2dr or 4dr model. I suppose having the 4dr makes me a better driver :) . ( I know, its all statistical) Now, if they only made RX-7's, Mustang GT's, Z28's, and 928's with 4 doors! Rob Akers