2021 Honda CRV vs 2022 Hyundai Tucson
- Last Updated:
- Jun 1st, 2021 1:17 pm
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- Gibsons
- Deal Addict
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- Feb 20, 2015
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- Southern Ontario
- mlallany [OP]
- Member
- Dec 1, 2012
- 314 posts
- 60 upvotes
- Edmonton
And its not only that, if you keep your car in good shape, some dealers will actually give give you the payout remaining leaving you with no shortfall (negative equity) so it makes sense to get a new vehicle every 2 years. The only "have money" part is registration, maybe increase in insurance and maybe other dealer fees.
- MP3_SKY
- Deal Guru
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- Jul 12, 2003
- 12353 posts
- 4866 upvotes
- Toronto
Definitely. many people drive an very old car even they are very rich.
That's why car is not a symbol of your personal wealth.
However when someone works very hard in life, it is a reward to able to afford nicer things.
Retired Forum Moderator February 2009 - June 2015
- robsaw
- Deal Addict
- May 16, 2017
- 2454 posts
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The dealer isn't "giving" anyone anything - they are just making a sensible calculation of the current trade-in value vs the lease payout. No different from you buying out the vehicle at the end of the lease and flipping it yourself for a profit (over the buyout amount).mlallany wrote: ↑ And its not only that, if you keep your car in good shape, some dealers will actually give give you the payout remaining leaving you with no shortfall (negative equity) so it makes sense to get a new vehicle every 2 years. The only "have money" part is registration, maybe increase in insurance and maybe other dealer fees.
- UrbanPoet
- Deal Expert
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- Jan 27, 2004
- 50551 posts
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- ONTARIO
When that Barry & Honey Sherman murder came out and was all over the news... I noticed Honey Sherman drove an older 1st gen Lexus GX. An over10 year old car. Sure she was balling when she bought it brand new. But she kept driving it until it was old rather then replace the SUV every 3 years... But even @ her level of wealth she could literally buy a brand new Rolls Royce every 12 months and not even put a dent in her net worth.
It's been estimated the Shermans were worth anywhere from $5 billion to $10 billion. The ITOs also reveal police wanted to know where and how the Shermans were spending their money.Jan. 5, 2021
Spouse: Honey Sherman
Founded: Apotex
Place of death: Toronto
Court documents reveal more details about 2017 homicides of ...
- nyxsonder
- Deal Addict
- Jul 28, 2006
- 1591 posts
- 360 upvotes
- GTA
The 2022 CRV is coming out soon with an all new design and the 2022 Tuscon Hybrid is a much better vehicle than the gas model.
- Xtrema
- Deal Fanatic
- Sep 1, 2004
- 9651 posts
- 9183 upvotes
It's basically for people that like new shiny things, understand the depreciation they are going to take on and ok with that depreciation financing at low rate.
The fact that I cut used car salesmen and random Kijidiots, lowballers out of my life is worth its weight in gold.
If you are ok with driving a new car to the ground or keep flipping used cars, that's definitely a lot cheaper to own vehicles.
And to OP, if you have no issue with CRX, just buy it out and keep driving it. 5 yr lease is BS. Getting another CRX is basically trading a car you the know with a car you don't (may be built on Friday?) with absolutely 0 gain since it's the same car.
At least with Hyundai, it's a bit of different/upgrade. But I don't think I'll trust their 4 bangers ever again.
- matrixfwd
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- Oct 4, 2010
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- Surrey
- hightech
- Deal Expert
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- Dec 23, 2003
- 16793 posts
- 5382 upvotes
- Toronto
Yes and in most cases, you can deal with the finance arm directly and shop around with other dealerships so that their admin fee for doing the paperwork is lower. Some people charge $499 admin fees whereas others can do it for much lower.