- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Leasing a car with a 60-mile daily commute
Posted on 11/10/14 at 4:22 pm
Posted on 11/10/14 at 4:22 pm
Hello All,
I'm moving soon to Florida where I will be working in Tampa and living in Orlando. I will be actually working on-site twice a week. And my commute is actually 140 miles roundtrip (so 56 miles a day).
I've never owned a car before because leasing made sense to me in NYC. But I'm thinking I might not be taking the most reasonable option financially-wise this time. The typical mileage allowance in leases is 12k annually and the max I have seen so far is 15k. I'll probably be using 13440 of that just for my commute, so I'm left with only 130 miles per month for non-work trips.
I'm not sure if 15k will be enough for me and not sure what other options I have aside from leasing? Has anyone been in similar situation?
Thanks!
I'm moving soon to Florida where I will be working in Tampa and living in Orlando. I will be actually working on-site twice a week. And my commute is actually 140 miles roundtrip (so 56 miles a day).
I've never owned a car before because leasing made sense to me in NYC. But I'm thinking I might not be taking the most reasonable option financially-wise this time. The typical mileage allowance in leases is 12k annually and the max I have seen so far is 15k. I'll probably be using 13440 of that just for my commute, so I'm left with only 130 miles per month for non-work trips.
I'm not sure if 15k will be enough for me and not sure what other options I have aside from leasing? Has anyone been in similar situation?
Thanks!
4
Posted on 11/10/14 at 4:24 pm to evnoob
Yea, leasing when you have a lot of driving to do is generally not your best bet, imo.
Posted on 11/10/14 at 4:24 pm to evnoob
Why not buy or move closer to work?
Posted on 11/10/14 at 4:30 pm to evnoob
quote:
and the max I have seen so far is 15k
I've never seen a max.
When i leased, there was just an additional (upfront) cost for every additional 2500 miles I wanted to add per year.
Leasing can be a good move in certain situations, but probably not yours.
Posted on 11/10/14 at 4:38 pm to evnoob
quote:
I'm not sure if 15k will be enough for me and not sure what other options I have aside from leasing?
You can buy a car...
Are you on your own for the commuting costs, or will your employer be paying to you make the commute?
The 15K may be a max without additional charges, but you can usually prepay additional mileage. But if you are doing a lot of that, you have to see if it makes financial sense.
Posted on 11/10/14 at 4:42 pm to MSMHater
when is leasing a good option??????
other than jokers wanting a brand new flashy car but not actually paying for it?
other than jokers wanting a brand new flashy car but not actually paying for it?
This post was edited on 11/10/14 at 4:43 pm
Posted on 11/10/14 at 4:46 pm to LSUFanHouston
I'd buy...and consider a TDI, like a Passat or Golf. 55 mpg hwy, in real world driving conditions. If your employer reimburses for mileage, you can make it work to your advantage. If you are USAA eligible, the loan rates are cheap and paperwork is minimal.
This post was edited on 11/10/14 at 4:47 pm
Posted on 11/10/14 at 6:20 pm to cjared036
You can prepay mileage over the additional 15k/yr at a reduced rate than at the end. Depending on residual, if you will only be 2-3k over, it may not make a difference.
Lots of times actually. Mainly if you ARE going to get a new car every 2-4 years, for whatever reason. Lease residuals and money factors can be very attractive vs financing.
quote:
when is leasing a good option??????
other than jokers wanting a brand new flashy car but not actually paying for it?
Lots of times actually. Mainly if you ARE going to get a new car every 2-4 years, for whatever reason. Lease residuals and money factors can be very attractive vs financing.
Posted on 11/10/14 at 8:05 pm to wickowick
quote:
Why not buy or move closer to work?
Must have bought the Disney Annual Pass
Posted on 11/11/14 at 8:53 am to LSUtigerME
quote:
Lots of times actually. Mainly if you ARE going to get a new car every 2-4 years, for whatever reason. Lease residuals and money factors can be very attractive vs financing.
Correct.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News