- 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
re: Pros and Cons of Leasing v Buying a Vehicle
Posted on 1/30/19 at 7:52 am to 632627
Posted on 1/30/19 at 7:52 am to 632627
quote: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.
It doesn’t help others when folks like yourself chime in on a topic you’re clearly uninformed on.
quote: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.
Someone mentioned it previously; cars are not always obtained with finances being the top priority.
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.
2
Posted on 1/30/19 at 8:24 am to PearlJam
quote:
PearlJam
I’ve already made it clear I’m not speaking to the OP unique situation which he didn’t disclose in his first post. I’m generally speaking to leasing or buying the same, new vehicle. He can’t even lease a used car.
There’s a sentiment held by some on the money board to penny pinch, never spend, never splurge, etc. which always manifests in these car threads. Some people like cars; they’re willing to spend more and drive something that’s a want rather than a need. Some of you guys just don’t get it. There’s no need to regurgitate the recommendation of buying a used Camry, or driving a car for 10 years. Not everyone looks at cars purely as a financial play. For guys that go in and out of new cars, leasing is a viable consideration.
Posted on 1/30/19 at 9:54 am to PearlJam
quote:
Buying a new car is a bad idea and leasing one is too from a financial perspective.
here's the disconnect- you're arguing used vs. new, whereas the thread title is lease vs purchase. Someone else pointed it out on the first page, lease vs purchase means the shopper has already chosen to obtain a new car. a lease vs purchase debate needs to be about the same, new vehicle (99.9% of leases are on new cars).
new vs used is a different argument- but yes, from purely a financial standpoint, purchasing a car that has already gone through the heaviest depreciation period and then driving it into the ground is the cheapest option. Whether that's the best option is up to the individual based on their needs and tastes.
in either instance, there is misinformation being spread in this thread.
This post was edited on 1/30/19 at 9:56 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News