Ask Bark: To Lease or Not Lease a CPO Dealer Demo?

Sam writes:

Hi Bark,

I have a multi-part question and I’m interested to get your insight.

Part one: To CPO or not. After decades of driving Fords, I’ve decided to treat myself with a sporty German car. A BMW 328i seems like just the ticket. I’m looking at a 2015 model year dealer loaner with 4,000 miles, and it’s available with $8,000 off the $53,000 sticker price. The warranty has been reset, so it’s effectively a full, new-car warranty. With no major changes between 2015 and 2016, this seems like a no-brainer.

Part two: To lease or not. A BMW with a turbo and automatic transmission gives me the willies. I like the idea of turning it back in after three years and washing my hands of any long-term maintenance issues (or having to unload it myself). BMW’s lease interest rate is 4.375 percent, which seems high. The residual factor is 59 percent of MSRP.

Part three: To pay up-front or not. I hate paying monthly for stuff. I’m inclined to just pay the entirety of the lease payments up front. BMW will cut the rate by a little in this case, to 4.125-percent on the residual amount. It still seems high relative to the 0-percent offers on domestic vehicles. Are there any gotchas to paying up front?

I’ve never leased before. I’ve always been a “pay cash” kind of guy. But the lease on the low-mileage CPO with no major changes seems like a slam-dunk over a new car similarly equipped. Am I missing something?

Thanks!

Hoo boy. Get ready for a barn burner.

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2016 Jeep Wrangler Sport S Review - Moab Deja Vu

It can take you a long time to start truly missing someone. Three years ago, I was dating a lovely federal attorney who had ordered herself a six-speed Wrangler Unlimited Sahara as a sort of step-stool to get her to the more adventurous life she thought we’d end up living together. In March of 2013, after taking delivery of her Jeep, she left it in my custody, got on a plane, and joined one of her oldest friends on a sight-seeing trip to Utah. She’d asked me to go but I’d refused; I had a date with someone else planned for the same week and at the time I took a sort of cruel joy in crushing every dream she had about our future. “I’m busy. Go to Moab,” I told her, “and see the Delicate Arch.”

“Too far north,” she replied. “Anyway, I want to save it for a trip with you.” We never took that trip. The last time I saw her was when she came to visit me in the hospital eight months later, the day after my January 2014 crash. I was incandescent with pain and incoherent from painkillers. She did something to upset me. I told her to leave the room and never come back. In the years between now and then, I didn’t think about her much. Too many other people and things on my mind.

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Foreign Affairs: Suzuki Grand Vitara, Iran

There’s no question that I’m a fan of small, body-on-frame SUVs. For hauling various combinations of human and cargo across various terrains, smooth or otherwise, there is no substitute. In many parts of the world, the average roadway is somehow worse than even the Pennsylvania Turnpike, so a sturdy frame is paramount.

I’ve never been to Iran, but I’d imagine it’s one of those places where a rugged vehicle is required. Thus, it’s no surprise that the last-generation Suzuki Grand Vitara is still built there.

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Junkyard Find: 1980 Toyota Corona Liftback Sedan

I have an extensive formative history with the 1965-70 (third-generation) Toyota Corona, and so I photograph them whenever I find them in junkyards. So far in this series, prior to today, we’ve seen this ’66 sedan, this ’68 sedan, this ’70 sedan, and this ’70 coupe. Much harder to find in the United States is the 1979-83 Corona, which was replaced by the Camry in the U.S. market for the 1983 model year.

Here’s an extremely rare 1980 Corona liftback that I spotted in Denver last month.

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Volkswagen Prepares Its Pollution Penance

After its excessively dirty diesels polluted the nation’s air for years, Volkswagen is on the verge of making environmental reparations in the U.S. and state of California, Bloomberg reports.

The automaker is reportedly in talks with U.S authorities to create two remediation funds aimed at offsetting some of the environmental (and possibly legal) damage resulting from the diesel emissions scandal.

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Your Future No Longer Includes Rear-Ending That Other Car

As we reported yesterday, a group of top automakers has agreed to offer automatic emergency braking (AEB) on almost all of their models by 2022.

The National Highway Transportation Safety Administration (NHTSA) confirmed the voluntary agreement today, meaning virtually all light-duty cars and trucks sold in North America will adopt the safety feature by Sept. 1, 2022.

The group is made up of Audi, BMW, FCA US LLC, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Maserati, Mazda, Mercedes-Benz, Mitsubishi Motors, Nissan, Porsche, Subaru, Tesla Motors Inc., Toyota, Volkswagen and Volvo Car USA.

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TTAC News Round-up: Millennials Love Ford, Silverado Sprouts Cameras, and Chrysler Finds a Stash

Millennials are buying Ford SUVs like it’s going out of style, no doubt dismaying the friends who like to lecture people about their lifestyle on Facebook.

That, Chevrolet offers a voyeur package for its full-side pickup, Fiat Chrysler Automobiles grabs a stack of cash with both hands, Mercedes-Benz gives its midsize SUV the AMG treatment, and two more automakers eye the Formula E grid … after the break!

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2016 Jaguar XF 35t R-Sport Review - The Tweener Kitty Goes Aluminum

Luxury car companies are practiced at the art of completely redesigning a car, yet styling those new models so much like their predecessors that you’d need an illustrated guide to tell them apart. Jaguar was the king of this design exercise in the ’90s and 2000s. My personal 2005 Jaguar Super V8 may look like Jags of yore inside and out, but under the wood and leather is a thoroughly modern aluminum luxury chassis that — with updates — underpins the modern XJ.

On the other side of the equation we have the XF. The 2008 model signaled a major shift for Jaguar’s styling, but under the sleek and modern exterior sat a reworked Jaguar S-Type chassis. The first generation XF won praise for the M5-chasing XFR and a design that came to define the modern Jaguar.

For the second generation of the XF, Jaguar played it safe with an image retaining the bulk of the styling from the previous generation. Under the familiar styling is Jaguar’s all new, aluminum-intensive iQ platform that’ll be the basis for the XF, XE, F-Pace and two other mysterious Jaguar Land Rover products in the next few years.

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No Fixed Abode: Time For Volkswagen To Say Goodbye

The way my life has been going lately, I’m seriously considering selecting a random TTAC reader to be the executor of my modest estate and then taking a shot at BASE-jumping off the Petronas Towers. If that reader happens to be you, then I need you to do at least this one thing. Have Wal-Mart or whomever the lowest bidder happens to be engrave the following on my headstone: “He saw passive aggression and, wherever possible, met it with actual aggression.”

I’m old enough to remember when women were passive-aggressive and men were just plain mean, instead of the other way ’round. I liked it better. The other night I was at dinner and my date asked for coffee and the swishy waiter pouted, “We can do it, if you want to wait fifteen minutes.” I’d rather he said, “Go to hell. We don’t serve coffee here.” I could respect that.

Even in 2016, however, it’s rare for an entire company to be passive-aggressive. But that’s exactly what Volkswagen is doing: threatening to abandon the mass market in the United States, presumably because its current exposure to lawsuits and government penalties is too high and its showroom traffic isn’t exactly at Beetles-in-the-Summer-Of-Love levels. I don’t know what it thinks such a move would accomplish, but I do know what the proper response is to a girlfriend, or colleague, who tries that approach: You hold the door open for them and let it hit them in the ass on the way out.

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Piston Slap: A Rust-free Mazda for the Current Millenia?

H.E. writes:

Sajeev,

I recently bought a 2016 Mazda6 Touring. The salesman gave me a crazed look when I told him it absolutely had to have a six-speed manual transmission. But the dealer managed to find two manual Mazda6s within about 300 miles, one of which was 45 minutes away and painted in Deep Crystal Blue paint with the black interior I wanted. I’ve put about 400 miles on it and it’s a great looking, smooth shifting car; I’m very happy.

I expect to get flamed because it isn’t brown, diesel or a wagon, to which I respond in my best Sean Connery voice, “Suck it, Trebek!”

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Toyota 86s Scion FR-S in Name Only, Gets Power Bump

Scion’s slow-selling FR-S rear-wheel-drive coupe is about to become Toyota’s slow-selling rear-wheel-drive coupe, and it will be branded with the same moniker as in many other parts of the world.

That’s right: this is the Toyota 86, also known as what it should have been named here in the first place.

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Scion Gives the TC a Funeral Pyre Edition

If you’ve been holding out on buying a Scion tC until the right special edition came along, this is your last opportunity.

Scion’s parent, Toyota, took the youth-oriented brand behind the woodshed last month, making the upcoming Release Series 10.0 version of the tC coupe an aerodynamic swan song.

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TTAC News Round-up: Kia Invades Russia, German Diesel Fix Delayed, and a Porsche Payout

The Russian car market is looking grimmer than the last days of the Romanov family, but that’s proving to be a big opportunity for Kia.

That, a delay for Volkswagen’s overseas diesel fix, Porsche employees are rolling in dough, electric rallycross could be on the way, and FCA soars in Europe … after the break!

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Infiniti QX50 Is Selling Like It's 2008, You So 2000 And Late

The tiny, centre-mounted screen is controlled by a wheel and a mound of buttons. Controls for power seat memory protrude from the driver’s door, demanding the attention that protruding things tend to demand. Rubbing the driver’s right knee is plastic surrounding the centre console that would seem out of place in a car costing 10 grand less. The 3.7-liter V6 ignites with a level of coarse grumbliness that suggests Infiniti spent slightly more time on NVH than Blue Bird does on school buses. The faux wood applique — with which Infiniti liberally encompassed the shifter, climate, and audio controls — may be the same stuff Hyundai once used to make the XG300 appear upmarket.

Yet the QX50, riding as it does on only a slightly elevated 370Z architecture, is ridiculously fun to hustle down an empty rural road. The level of standard horsepower, 325 ponies at 7,000 rpm, shames its competitors. And for 2016, the Infiniti QX50 can ferry live human passengers in its rear seat.

As a result, U.S. sales of the Infiniti QX50 jumped 473 percent over the last five months.

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Foreign Affairs: Troller T4, Brazil

I can’t believe it, but I’m about to argue that the American market needs another SUV. Seriously. No, please, don’t click away.

Really, beyond the various Wrangler derivatives, are there any true sport utility vehicles offered here any longer? Everything else is a unibody cute-ute or some monstrous limo/wagon hybrid that can’t handle a curb, let alone a rocky trail.

Plus, it has the perfect name for both the writers and readers of TTAC: Troller.

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