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Posted on 8/28/14 at 12:22 pm to Will Cover
quote:
Leasing allows the dealer to legally hide the true cost/price of the vehicle and charge you a higher price than you would normally agree to.
Which is why you would negotiate the price of the car before saying you want to lease it.
Posted on 8/28/14 at 12:32 pm to Will Cover
quote:
You owe something, but you own nothing
As opposed to the car you are making payments on and trade after three years?
Posted on 8/28/14 at 12:35 pm to TigerBait1127
quote:
Which is why you would negotiate the price of the car before saying you want to lease it.
Most people don't know to do this with a lease. They are more focused on the payment rather than the price of the vehicle which determines the payment.
This post was edited on 8/28/14 at 1:55 pm
Posted on 8/28/14 at 12:35 pm to mouton
quote:
As opposed to the car you are making payments on and trade after three years?
I keep my vehicle(s) longer than three years.
Posted on 8/28/14 at 12:42 pm to TechDawg2007
Neither
Pay cash
Pay cash
Posted on 8/28/14 at 1:09 pm to Will Cover
quote:
Most people don't know to do this with a lease. They are more focused on the payment rather than the price of the vehicle which truly determines the payment.
Right, but that doesn't mean that leasing is inherently bad. People are just stupid.
quote:
I keep my vehicle(s) longer than three years.
I do too. I also drive way more than a lease would allow. Sometimes though, it is cheaper to lease and buy the car at the end of the lease.
If you do it right, you can easily come out ahead on a lease compared to the depreciation of a vehicle.
This post was edited on 8/28/14 at 1:10 pm
Posted on 8/28/14 at 1:53 pm to TigerBait1127
quote:
If you do it right, you can easily come out ahead on a lease compared to the depreciation of a vehicle.
The majority of people don't know how leasing truly works.
They don't understand capitalized cost, capitalized cost reduction, acquisition fee, disposition fee, money factor or residual value.
All they're focused on is the payment (edited). That's it.
To an educated consumer, it's not hard to figure out why many car dealerships push leasing a vehicle rather than purchasing.
This post was edited on 8/28/14 at 3:12 pm
Posted on 8/28/14 at 2:15 pm to TechDawg2007
Lease no doubt. I've done both recently.
Posted on 8/28/14 at 2:28 pm to TechDawg2007
I'm in the same boat as you right now. My 2004 pacifica has been in two shops for the past 2 weeks with an electrical problem and I'm starting to think about either buying or leasing a new car/truck. I'm a grad student so I think I've only done about 6,000 miles/year for the past two years.
Anyone know of any good deals going on now for buying or leasing? Based on what's been said earlier in the thread, I'm assuming I should just get a lease for my remaining time here (roughly 2 years) since I don't drive all that much.
Anyone know of any good deals going on now for buying or leasing? Based on what's been said earlier in the thread, I'm assuming I should just get a lease for my remaining time here (roughly 2 years) since I don't drive all that much.
Posted on 8/28/14 at 2:32 pm to Will Cover
quote:
All they're focused on is the price. That's it.
I thought you said earlier all they care about it is the payment? That is what you meant here, no?
Posted on 8/28/14 at 2:56 pm to lsu480
quote:
I thought you said earlier all they care about it is the payment? That is what you meant here, no?
Yes, I meant payment. Not price. I type too fast for my good.
Posted on 8/28/14 at 2:59 pm to Will Cover
Solid analysis
Posted on 8/28/14 at 3:13 pm to Tigerpaw123
quote:
But but but .... I don't want the car that I can afford
but but but ... I want an OT 10 and I am an OT 6.
Posted on 8/28/14 at 3:22 pm to Will Cover
quote:
Will Cover
Posted on 8/28/14 at 3:43 pm to Wally Sparks
I bought an Altima about 6 years ago, after financing it probably cost $23,000 total. I could probably sell it for around 8,000 now. I probably could've done 2 separate 36 month leases for around $15,000 and I would've gotten to upgrade after year 3.
This post was edited on 8/28/14 at 3:45 pm
Posted on 8/28/14 at 10:03 pm to JG77056
quote:
I bought an Altima about 6 years ago, after financing it probably cost $23,000 total. I could probably sell it for around 8,000 now. I probably could've done 2 separate 36 month leases for around $15,000 and I would've gotten to upgrade after year 3.
You're not going to convince the the people here who love to crow about saving money while driving their six-year old F150 beaters.
Posted on 8/28/14 at 10:05 pm to JG77056
quote:
I bought an Altima about 6 years ago, after financing it probably cost $23,000 total. I could probably sell it for around 8,000 now. I probably could've done 2 separate 36 month leases for around $15,000 and I would've gotten to upgrade after year 3.
And you'll always have a payment. Congrats?
Posted on 8/28/14 at 10:36 pm to Layabout
quote:
six-year old F150 beaters
shite, mine has been paid off for 6 years. Still driving my 2003 with 172k. Love this truck. My goal is 250k. Only about 5 more years.
Posted on 8/28/14 at 10:41 pm to TechDawg2007
Lease if you want a perpetual car note.
You will have equity in a paid off car, and in 5-6 years, it won't be in that bad of shape.
I've not seen a single instance where leasing made better financial sense, even in high-dollar German cars.
You pay more to rent something. That's just a basic financial truth.
You will have equity in a paid off car, and in 5-6 years, it won't be in that bad of shape.
I've not seen a single instance where leasing made better financial sense, even in high-dollar German cars.
You pay more to rent something. That's just a basic financial truth.
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