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This quote is just one of 9 total Jack Nerad quotes in our collection. Jack Nerad is known for saying 'You can get more car for the monthly payment that way. The downside is you don't get any equity in the car. At the end of the lease you get zip.' as well as some of the following quotes.
With real estate, it's location, location, location. With a car, it's condition, condition, condition.
It makes a lot of sense when you look at the depreciation curve on a typical new car. Most of the depreciation takes place in the first two years, so someone else takes the hit.
There is only so much of a spread between what the dealer pays for the vehicle and the dealer's profits. If you throw a broker in there, you're just throwing in another mouth to feed.
This quote is just one of 9 total Jack Nerad quotes in our collection. Jack Nerad is known for saying 'You can get more car for the monthly payment that way. The downside is you don't get any equity in the car. At the end of the lease you get zip.' as well as some of the following quotes.