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re: Pros and Cons of Leasing v Buying a Vehicle

Posted on 1/30/19 at 7:43 am to
Posted by 632627
LA
Member since Dec 2011
12830 posts
Posted on 1/30/19 at 7:43 am to
quote:


So do you work at a dealership?

Or are you justifying your decision to lease vehicles?



Neither. The title of the thread is pros and cons of leasing vs buying a vehicle.

I’m trying to provide accurate information for anyone that’s actually interested in the threas title. Blanket statements like “never lease” and completely false statements like the one above are a disservice. It doesn’t help others when folks like yourself chime in on a topic you’re clearly uninformed on.

Someone mentioned it previously; cars are not always obtained with finances being the top priority. If so, Mercedes, bmw, etc wouldn’t exist. Everyone would drive a Toyota Corolla until the wheels fall off. Some people prefer a new car. In some instances it’s better to lease than buy a new car. Plain and simple.
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 1/30/19 at 7:52 am to
quote:

It doesn’t help others when folks like yourself chime in on a topic you’re clearly uninformed on.
lol, you're providing bad advice for a poster to make a bad financial decision on the money board. You aren't as informed as you think you are.

quote:

Someone mentioned it previously; cars are not always obtained with finances being the top priority.
Sure, but this is a money board where financial advice is topically what is being sought. People generally don't need advice to make emotionally charged purchases. The op is post divorce, with damaged credit and a desire to put himself in position to purchase a home. Buying a new car is a bad idea and leasing one is too from a financial perspective.

You're on a crusade to provide justifications for a lease and, absent the ability to expense it and absent other emotionally charged reasons for obtaining a new car, leasing is rarely the best financial decision.

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