auto leasing: You Can Sleep in Your Car, But You Can't Drive Your House: Should We Bailout The Car Companies, Too? - 10/02/08 09:27 AM
The mortgage crisis has finally hit the car business. Yep. dealerships are closing and car sales have plunged by about 35%. And while the temptation may be to think of "gas prices" as the reason, the real reason is "mortgage crisis".
Fast becoming known as CREDIT CATASTROPHE.
Did you … (17 comments)
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auto leasing: I just made $2000... - 06/22/08 08:45 PM
..by selling my car myself instead of trading it in with my new lease purchase. Of course, it has always been easier to "trade-in" the old clunker, like who wants to even look at it, so dingy & depressing next to your sleek new car? But I never wanted the hassles of … (8 comments)
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auto leasing: Rent Your Upside Down House and Buy a Cheap REO: Not Gonna Happen - 05/06/08 03:26 PM
Here's a heads up: This happened in our office 3 times recently. Mortgage applicants owned and occupied upside down houses (upside down = owe more than the house is worth). Their intent was to buy REOs which were superior in quality and/or location to their existing homes . They would then RENT their upside down house … (28 comments)
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auto leasing: How Your Bad Boy Mortgage Could Cost You the Ability to Finance A Car - 02/22/08 10:55 AM
Yes, declining values have even hit the auto loan business.
Here's a heads up: Those guys who finance cars? They don't want you to have one of those bad boy mortgages with a negative amortization feature.
Over at our family's auto leasing company, one of our good credit buyers was mysteriously turned down when he applied for financing on his … (6 comments)
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auto leasing: Warning: Do Not Pay For Your Car With Your Equityline - 12/12/07 09:51 PM
Disclaimer: I currently own an auto leasing company and spent 20 years financing cars. Fact: I am a mortgage broker because I love real estate more than I love cars. Please, if you consider this a conflict of interest, read no further. Personally, I feel this gives me a very unique insight on the … (9 comments)
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auto leasing: Buy Here, Finance Here, At Your Own Risk - 11/06/07 10:44 PM
In response to the discussion about Realtors being "encouraged" to use their affiliated lender, I would ask this: What do you think happens in the Toyota dealership when you are ushered over to the finance department and walk out with a Toyota Motor Credit loan or lease? That's right, you have … (70 comments)
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auto leasing: Why Realtors Should Lease Their Cars - 10/11/07 10:35 AM
To all the Realtors out there who say this: "I would NEVER lease a car, because you don't OWN anything and you don't END UP with anything", I say this: YOU JUST DON'T GET IT.
Let me first clear the air by answering this question: "Do I lease my car?" YES, OF … (20 comments)
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auto leasing: Options on Mortgages: How Buying a Lexus Is Like Getting A Mortgage - 06/24/07 12:07 PM
I often advise clients to think about their mortgage the same way they would think about buying a Lexus. This is because JUST LIKE A CAR, mortgages have OPTIONS, and the options you choose to buy will ultimately determine THE PRICE OF THE CAR, and THE PRICE OF THE FINANCING.
Yes, there … (2 comments)
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auto leasing: A Dangerous Precedent: If Houses Were Financed Like Cars - 06/22/07 10:11 AM
We should all be glad that mortgage CLOSING COSTS are up front and center, and fight like hell to keep it that way. This is a huge benefit to borrowers, EVEN IF THEY DON'T REALIZE IT. No cost loans are nothing more than HIDDEN COST LOANS.
Everything that we buy has closing costs, … (6 comments)
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auto leasing: Excuse Me, There's a Dead Man Driving That Mercedes (A Case of Identity Theft) - 05/30/07 01:04 PM
Oh, but his voice was smooth, his demeanor suave, when he told me he had been referred to me by one of my Los Angeles lease clients. He wanted to lease a $65,000 Mercedes and was the CEO of a large property management company in LA.
His credit? Impeccable. The car? Completely … (7 comments)
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auto leasing: Strategy: Rethink the Auto Financing to Make the Mortgage Work - 05/22/07 04:40 PM
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auto leasing: Auto Leasing Secrets Revealed - 05/15/07 10:29 AM
If you would like to consider leasing your next vehicle, but are hesitant because the whole concept is mysterious, your local dealership thanks you. That's because they sell auto financing with the mushroom theory "Keep 'em the dark and feed 'em_______ (organic fertilizer)."
In the real estate business, the client is encouraged to … (4 comments)
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auto leasing: Why Wealthy People Lease Their Cars - 05/14/07 08:41 PM
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auto leasing: Take a Tip from the Car Biz to Sell the Listing - 04/20/07 04:27 AM
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auto leasing: Car Leasing 101 - Another Form of Financing - Nothing More - 02/05/07 01:48 PM
You want to get a new car and you know that there may be good reasons to consider leasing that new vehicle but you don't know exactly what those reasons are. Well, let me get you started. First, in order to compare purchase financing to leasing, let's first make the … (2 comments)
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