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Started By
Message
re: Thinking about leasing a vehicle
Posted on 12/22/16 at 9:23 pm to Tiger Prawn
Posted on 12/22/16 at 9:23 pm to Tiger Prawn
Check the Money Board sticky. A few good threads on it.
Ultimately, depending on the lease terms, it can be a good decision provided you will be buying a new car every 3-4 years. Mileage is a factor, but the comparison to financing a car with a standard loan is the same (resale value at end of X years is decreased by higher mileage).
Ultimately, depending on the lease terms, it can be a good decision provided you will be buying a new car every 3-4 years. Mileage is a factor, but the comparison to financing a car with a standard loan is the same (resale value at end of X years is decreased by higher mileage).
0
Posted on 12/22/16 at 9:23 pm to Rover Range
quote:
90% of you baws trade your truck in before you make your last payment. So essentially you leased it from your bank and never owned it anyway
Equity baw
ETA:
quote:
Rover Range
Leasing that Range Rover baw?
This post was edited on 12/22/16 at 9:25 pm
Posted on 12/22/16 at 9:24 pm to WG_Dawg
Or you are smart and don't waste 100K on a stupid investment
Posted on 12/22/16 at 9:24 pm to WG_Dawg
You know how it is. Luxury is about vanity. Don't be hatin.
Posted on 12/22/16 at 9:26 pm to Tiger Prawn
I could do some calculations to show you that if you traded your vehicle in after 4 years or did a 4 year lease and put comparable money down, did a standard term on the retail, and put the same miles, your payment difference over that 4 years would be on average around 200 dollars a month cheaper. During that time, if you save the 200 bucks, it would be 9600 bucks. Equity.
Oh and that 200 a month would be going into an account or fund that could make you money instead of paying a bank the interest on a 40% of that money being borrowed that you're not going to use.
Oh and that 200 a month would be going into an account or fund that could make you money instead of paying a bank the interest on a 40% of that money being borrowed that you're not going to use.
This post was edited on 12/22/16 at 9:35 pm
Posted on 12/22/16 at 9:27 pm to Riggins
What's the use of having that nice new car every 3 or 4 years if you can only drive it about 30 miles per day?
Posted on 12/22/16 at 9:27 pm to Tiger Prawn
nope I own an old one outright. Lease wife an SUV tho
Posted on 12/22/16 at 9:28 pm to Rover Range
quote:
standard 60 month
It was a better day when the standard was saving for a car and driving it until it was dead.
Posted on 12/22/16 at 9:29 pm to StrangeBrew
Agreed. I won't lease again. My wife and I are going to buy an old Cruiser or Disco for her and go minimalist. Thinking about moving into the country
This post was edited on 12/22/16 at 9:36 pm
Posted on 12/22/16 at 9:30 pm to TxWadingFool
Because my wife wants to keep all dem 20 year old moms in check in the carpool yo! And she wants seat that blow cold air and warm heat on her hooohaaa.
Really the frick if I know. Probably in some way related to the expensive sheets and towels I have to buy.
Really the frick if I know. Probably in some way related to the expensive sheets and towels I have to buy.
Posted on 12/22/16 at 9:34 pm to Riggins
If having a new car every 3-4 years is your hobby, and you drive reasonable miles, leasing is a great option. It saves you money.
Posted on 12/22/16 at 9:35 pm to Rover Range
I don't see how that would work unless you were financing a purchase with a high interest rate loan. Most manufacturers offer some pretty attractive rates if you go through the manufacturers' finance company. Last 2 vehicles I bought were financed at 0% and 0.9%. Had one for 4 years and the one I have now is almost 5 years. I don't see how I could've came out ahead by leasing on either
Posted on 12/22/16 at 9:37 pm to Tiger Prawn
Great. At the tier credit I was, I got a "money factor" of .00013 which is compare to less than 1% rate.
Posted on 12/22/16 at 9:39 pm to Tiger Prawn
quote:
Had one for 4 years and the one I have now is almost 5 years. I don't see how I could've came out ahead by leasing on either
Dpenexs if you had 40k in the first 4 years of ownership or 98000. Either way you drive, your vehicle will depreciate accordingly though.
Posted on 12/22/16 at 9:39 pm to ellunchboxo
quote:
Although I drive less than 10K miles a year. I like having a new car every few years.
Why even have a vehicle? Just Uber everywhere.
I got my vehicle on August 1st. Right now it has 20,6XX.
Posted on 12/22/16 at 9:42 pm to WG_Dawg
We make well into 6 figures combined, shop at wal mart for groceries and daily needs, don't have $50 lunches and $150 dinners regularly and don't spend $300/month at Starbucks.
Who cares if we lease a brand new luxury vehicle as enjoyment to us?
Who cares if we lease a brand new luxury vehicle as enjoyment to us?
Posted on 12/22/16 at 9:42 pm to Riggins
Trashy.
Posted on 12/22/16 at 9:43 pm to Riggins
Nah
Never done it and don't intend on it
I also drive 30-40k miles a year
Never done it and don't intend on it
I also drive 30-40k miles a year
This post was edited on 12/22/16 at 9:48 pm
Posted on 12/22/16 at 9:49 pm to Rover Range
quote:
My president leases his vehicle
Leasing a vehicle that you can write off on your taxes is not the same as what the average American family would use a lease for.
Posted on 12/22/16 at 9:51 pm to BeerMoney
quote:
my wife always insists on driving a new car every 3 years
There's the underlying problem.
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