I would agree that removal makes it one less credible reason. My only guess, is that future Buick’s will be distinctively down maker with a lower price to start.

 

Never said it did.

 

I'm at the point where I don't really care anymore....Screw it. Mary Barra and her cronies have already ruined the Division in a number of ways. It's turned into basically a Soccer-Mom crossover-SUV company....with the Enclave as the only even halfway decent product left (by my standards). Even Lincoln, right now, has more appeal.

 

Find your happiness within. Don't let the car companies or Buick define it. It's your $$ so enjoy what you drive. Even it means going to an older model you love, eg a non turbo car or something that checks off most of the things you like in it.

Detroit Big 3 are just screwed for the long term. Too entrenched in doing things traditionally. Innovation is stifled and labor issues does not help at all. Tesla has been out 7 years and Detroit has no answer for a viable competing product. Current regulations have tried to squash the way Tesla does business with 20th century rules protecting dealerships. There is no real ability for the Detroit Big 3 to adapt to market changes quickly. The 2020 decade is all about making your car smart, safe, and secure. Will the Big 3 be up to task? I would put my $$ where I will enjoy it. So should you!

 

You certainly did and have repeatedly implied that leasing cars keeps people from becoming wealthy, and the logical reversal of that is buying a car and keeping it a long time will make people wealthy.

 

This is why so many people lease cars.

I'm confident that @SW17LS understands all the financial implications of leasing vs buying, and also has tax advantages based on his business that make leasing very sensible. But I'm not confident that most people have this understanding or tax benefit. I think most people want to drive a newer car, and not an older car, and don't look at any data beyond the monthly payment.

THAT'S why leasing is so popular.

I'd also be really surprised if the lease rate for Buick were high enough to justify the "I don't care about the warranty reduction because my lease term is only 3 years" attitude.

To me, this is looks like a bad sign from Buick. They try and market themselves as "premium", but it's pretty hard to do that without a warranty that matches other premium brands.

 

I did not imply any of that. I think I also said “my opinion”. I don’t believe leasing cars contributes to wealth (in my opinion). Wealth is a personal thing anyway. To me, my household, this is how we view it. If my priorities were a bit different, maybe I would consider leasing in certain circumstances.

I also do not believe “new cars” contribute either, but I buy new cars anyway

 

will you PLEASE stop referring to anything as "soccer-mom" this or that. it's insensitive, inaccurate, and insulting.

from your sig looks like the last time you bought a new car is over 10 years ago.

and you're right that buying or leasing ANY cars will not CONTRIBUTE to one's wealth, all options cost money. but you have virtue-signaled endlessly about why leasing is bad for wealth but buying and keeping for decades is good for wealth. the truth is, for those that must drive now and then, buying a USED simple reliable econobox and keeping it forever is the cheapest way to go. but for most that would be so horrible, most don't do that, either because it's horrible, and/or it's not practical (if one has kids and/or takes long trips, etc). they also don't have a bunch of vehicles like you do. so it would be nice if you stop taking jabs at those who lease or congratulate yourself, again, for buying new and holding for decades. what you do is up to you, and if it makes you happy (or even if it doesn't) and doesn't hurt anyone else, more power to you.

 

It's a very common term used on Car Chat, even by some moderators, but, fine, I'll refrain from it per your request.

 

It may be common term, but it is never used in a complementary manner. See what happens if you go up to a woman in her 30s or 40s and say she is one to her face.

 

LOL. They often say the term to me.

 

Anyhow, enough of that. Back to the warranty reduction, Buick apparently is not the only company trimming back coverage for 2020. VW has just followed suit....with the same 4/50 BTB coverage that Mercedes, Audi, and BMW have.

(I'll leave it to the mods to decide if this requires a new thread or not).

https://www.autoblog.com/2019/07/29/...verage-period/

Volkswagen's excellent 6-year/72,000-mile warranty is ending

A free maintenance plan is introduced in its place

ZAC PALMER
Jul 29th 2019 at 12:39PM

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The very good 6-year/72,000-mile bumper-to-bumper warranty for all new Volkswagens is coming to an end. Automotive Newsdiscovered the news, learning that a new warranty would be put in place for all Volkswagens for the 2020 model year. That new program brings the coverage down to a 4-year/50,000-mile bumper-to-bumper warranty, which is still a solid new car warranty in the U.S.

Along for the ride with the new warranty strategy are two years of free, factory-covered maintenance for all 2020 VW owners. That means you shouldn’t have any out-of-pocket scheduled maintenance costs for the first two years of ownership. If you end up blowing a tire or bending a rim, though, expect to cough up some cash.

It’s widely accepted that the impressive VW warranty was a response to the company’s dieselgate crisis. The hope was to win back people’s trust and confidence by giving them headline-generating warranty coverage. We asked Volkswagen for comment on the change and received this company statement back:

“Volkswagen is committed to listening and addressing the needs of its customers and dealers as we look to increase market share in the U.S. The previous warranty was a valuable tool to introduce customers to the Volkswagen brand and to give them peace of mind. Our new vehicle limited warranty builds upon those benefits by still providing robust coverage and further lowering the cost of ownership with carefree maintenance for the first two years.”

At 4 years and 50,000 miles, the VW warranty is now just like a number of brands out there, most of them luxury car brands. You do still have a slight advantage over many of Volkswagen’s competitors like Honda, Toyota, Ford and others offering 3-year/36,000-mile bumper-to-bumper warranties. Regardless, we’re sad to see the warranty go, so snap up a 2019 VW if that’s a selling point that appeals to you.

 

This was a while ago. But yeah. Not a positive thing.

 

This is totally accurate, but people who lease cars because they cannot afford to buy cars or are doing so to get a car they couldn’t otherwise afford are people who are making lifestyle decisions that are not smart in general. The leasing of the car they can’t afford is an example of a decision coming from that mindset.

Some people on the forum and in the world choose to blame leasing for the fact that these people can’t amass wealth because they spend all their income on things and have none left over for investing and saving. That’s like blaming hamburgers for people being fat.

Every time leasing comes up you make the same argument. All someone has to say is “lease” and there it is. You certainly imply that leasing is not a “sound financial decision” and detracts from wealth building.

Like bit said, nothing you spend money on helps you build wealth. However, one does not have to stop spending money on everything to build wealth.

 

The way I look at it, "spending" one's money on relatively safe securities is a way to build wealth....although not necessarily get-rich-quick schemes. With me, it took decades....but paid off in the long run.

One other advantage to leasing that people often forget about is the deductibility of the lease-payment itself if the vehicle is used in an IRS-approved style for business purposes.