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Leasing vs Buying a new car
Posted on 10/27/15 at 10:39 am
Posted on 10/27/15 at 10:39 am
So am in the process of buying a new car..... Need to buy a new one and am not opposed to leasing one. Never really have thought of leasing a car as being a viable or better option But am open to the idea based on feedback I get.
17
Posted on 10/27/15 at 10:40 am to Bamboozles
Search, but terrible idea to lease for most people. /thread
Posted on 10/27/15 at 10:40 am to Bamboozles
do you owe on a house or pay rent at an apartment?
Posted on 10/27/15 at 10:41 am to Bamboozles
I'm not a big fan of leasing as I don't like restrictions put on me. I'm sure that's a gross generalization on my part, but oh well...I like buying.
Posted on 10/27/15 at 10:41 am to Bamboozles
All depends on whether or not you can stay withing the mileage allowance or pay more to go from a 12k/year to 18k/year lease mileage overage will kill u if you go over. Also when your lease is up and you want to possibly trade to a purchase you will get no tax credit for your trade.
Posted on 10/27/15 at 10:42 am to Bamboozles
You should lease a new car. Your payments are cheaper, you get to look cool in a car you'd never be able to afford otherwise, and at the end of the lease you can just turn it in for newer model free of charge.
Posted on 10/27/15 at 10:42 am to MyNameIsNobody
Own a house....no current car note or house note
This post was edited on 10/27/15 at 10:43 am
Posted on 10/27/15 at 10:43 am to Bamboozles
Never understood why anyone would lease a car....
I can understand if it was a company car...by not as an individual...
I can understand if it was a company car...by not as an individual...
Posted on 10/27/15 at 10:45 am to DHS1997
I would definitely be under 12K/year based on my current driving history
Posted on 10/27/15 at 10:45 am to Hangover Haven
quote:
Never understood why anyone would lease a car....
I can understand if it was a company car...by not as an individual...
This!
Posted on 10/27/15 at 10:45 am to 13SaintTiger
quote:
You should lease a new car. Your payments are cheaper, you get to look cool in a car you'd never be able to afford otherwise, and at the end of the lease you can just turn it in for newer model free of charge.
Just pray to God it's not wrecked, cracked windshield, are anything else you have to pay for when the lease is up...
Oh, and don't go over the limited miles...
Posted on 10/27/15 at 10:46 am to Hangover Haven
Posted on 10/27/15 at 10:47 am to Bamboozles
quote:
Leasing vs Buying a new car
"If it files, floats or fricks....RENT IT."
Posted on 10/27/15 at 10:47 am to Hangover Haven
leasing is only a good deal if you always want a new car. or you can find a car that will depreciate slower than the dealership believes. I doubt you can do that.
Posted on 10/27/15 at 10:47 am to Bamboozles
I helped my Fiancee lease a car recently because she was upside down so much on her last purchase. Figured it was an easy way to put her in a 2015 for less than what she was paying on a 2008 (she financed used). Mileage restrictions suck, but other than that it works out for us.
After three years instead of negative equity and a suv that breaks down a lot she will be in the clear and have a higher credit score, then we will buy a 2018 SUV.
After three years instead of negative equity and a suv that breaks down a lot she will be in the clear and have a higher credit score, then we will buy a 2018 SUV.
Posted on 10/27/15 at 10:48 am to Hangover Haven
quote:
Just pray to God it's not wrecked, cracked windshield, are anything else you have to pay for when the lease is up...
Oh, and don't go over the limited miles...
No worries, insurance will cover it. Just discuss with the dealer your mileage allotment and strike a fair deal.
Posted on 10/27/15 at 10:48 am to Hawkeye95
quote:
you can find a car that will depreciate slower than the dealership believes
4runners used to be great for this, they were always worth more than the balloon payment.
Posted on 10/27/15 at 10:49 am to Bamboozles
If that's the case you can do a 36/36 lease and when the lease is up you can switch to a purchase on that vehicle but you need to ask what the residual will be on whatever you are leasing.
Posted on 10/27/15 at 10:50 am to Bamboozles
If you want a new car every 2-3 years and don't put on a lot of miles you should look into leasing
Posted on 10/27/15 at 10:50 am to 13SaintTiger
Of course you can't bring it in wrecked, just carry good insurance with a low deductible.
Windshield coverage usually isn't worth it as it adds $150 a year to most policies, a new windshield is $250.
Unless you get one every year, you won't break even on it.
Windshield coverage usually isn't worth it as it adds $150 a year to most policies, a new windshield is $250.
Unless you get one every year, you won't break even on it.
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