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Car lease question

Posted on 2/29/20 at 7:39 am
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23750 posts
Posted on 2/29/20 at 7:39 am
I’m interested in obtaining a car lease for my wife who will drive it a total of 10 miles every day M-F back and forth to work.
I’ve been seeing lots of ads on TV from different manufacturers offering car leases on midsize cars, Toyota, Honda, Chevy Etc...
Not looking for something fancy, maybe a Subaru (great cars for the Minnesota Winters) a or a compact/midsize vehicle.
How should I go around shopping for a decent lease? Walk in to the dealer place and say, hey saw your offer on TV and I want that?
How flexible are they when it comes to negotiating lease deals?

I know there is a long thread by Willcover (spell/name check) in regard to car buying advice. Not sure if it relates to leasing as well. Searched and was not able to find it.

Thanks in advance.
This post was edited on 2/29/20 at 7:42 am
Posted by baldona
Florida
Member since Feb 2016
24477 posts
Posted on 2/29/20 at 7:41 am to
Her work is 1 mile away? You should buy a car with 100,000 miles on it for cheap then. Why would you lease a vehicle for that?
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23750 posts
Posted on 2/29/20 at 7:41 am to
Her work is 8 miles away
Posted by LSUintheNW
At your mom’s house
Member since Aug 2009
37025 posts
Posted on 2/29/20 at 7:43 am to
quote:

at 7:39 am I’m interested in obtaining a car lease for my wife who will drive it a total of 10 miles M-F back and forth to work


quote:

Her work is 8 miles away


K
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59453 posts
Posted on 2/29/20 at 7:47 am to
quote:

Her work is 1 mile away? You should buy a car with 100,000 miles on it for cheap then. Why would you lease a vehicle for that?


What if he doesn’t need to be cheap?
Posted by ellunchboxo
G-Town
Member since Feb 2009
19539 posts
Posted on 2/29/20 at 7:55 am to
Those lease deals you see on TV are usually for a base model with money down.

You can get upgrades and put no money down if you want but keep in mind the payment goes up.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 2/29/20 at 8:08 am to
quote:

I’m interested in obtaining a car lease for my wife who will drive it a total of 10 miles every day M-F back and forth to work.


Get her fatass a bicycle
Posted by Tonio
Member since Dec 2019
1023 posts
Posted on 2/29/20 at 8:08 am to
My wife barely puts any miless so we leased a car. If you agree to 10k miles/ year you can get a little Honda or infinity for 300 a month. They definitely negotiate
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23750 posts
Posted on 2/29/20 at 8:17 am to
quote:

Get her fatass a bicycle



I did and she loved at it first, in the summer time. She can’t drop off the kid at daycare with a bike though. Besides it’s -20 deg outside.
Posted by schwartzy
New Orleans
Member since May 2014
10083 posts
Posted on 2/29/20 at 8:27 am to
Lessing a car doesn’t make sense to me because you will always have a note and have to obey all of these driving/miles restrictions. I never understood the appeal.
Posted by geauxtigers456
Member since Jul 2015
2067 posts
Posted on 2/29/20 at 8:29 am to
quote:

What if he doesn’t need to be cheap?
Then he could buy a car instead of asking people on the internet about leases
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
45551 posts
Posted on 2/29/20 at 8:38 am to
quote:

Besides it’s -20 deg outside.


That’s cold. I hope you mean Fahrenheit.
Posted by diat150
Louisiana
Member since Jun 2005
48185 posts
Posted on 2/29/20 at 8:48 am to
quote:

Lessing a car doesn’t make sense to me because you will always have a note and have to obey all of these driving/miles restrictions. I never understood the appeal.


the appeal is if you want a new car every few years it ends up being the same as buying one. If you go trade in a 2-3 year old car and dont put anything down you will likely be upside down.
Posted by diat150
Louisiana
Member since Jun 2005
48185 posts
Posted on 2/29/20 at 8:49 am to
quote:

I’m interested in obtaining a car lease


check out leasehacker

LINK

Once you find the car you want and work a deal with a dealership, email every dealership within a couple hundred miles of you and start working them against each other.
Posted by landmanner
Louisiana
Member since May 2006
3512 posts
Posted on 2/29/20 at 8:51 am to
Never put money down on a lease and do the shortest term you can. Hard lesson i learned.
Posted by Cracker
in a box
Member since Nov 2009
19319 posts
Posted on 2/29/20 at 8:51 am to
Just go buy a Subaru if she drives that little why pay for something and not have any equity or a set of wheels! in 20 years if you continue to lease you would have spent 120+k on cars and not own one. But in 20 years you would only have put 100-120k on a Subaru hell that is a 500k mile car so pay 30k & have a nice driver for your teenager or pay 100k and need to get 2 cars one for the wife and 1 for the kid now your monthly outlay is equal to another mortgage plus kid going to college. If you too the money you are going to PISS away leasing vs buying least you will spend 120ish over 20 years buy finance 5 years then invest 400 a month for 15 years you will have a Subaru with only 100k miles on it and 135,000 in the bank at 7% return
BUY BUY BUY BUY a Subaru
Posted by Ricardo
Member since Sep 2016
6736 posts
Posted on 2/29/20 at 9:04 am to
(no message)
This post was edited on 6/14/20 at 8:42 pm
Posted by LSUtiger89
Baton Rouge
Member since Dec 2007
4748 posts
Posted on 2/29/20 at 9:09 am to
quote:

That’s cold. I hope you mean Fahrenheit.


Don’t you mean Celsius? If it was Celsius then it’s warmer then -20 Fahrenheit.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36762 posts
Posted on 2/29/20 at 9:13 am to
quote:

Lessing a car doesn’t make sense to me because you will always have a note and have to obey all of these driving/miles restrictions. I never understood the appeal.



New car every 2-3 years, always under warranty and payments are typically cheaper than financing. If you're buying a new car over that sort of time span it can make more sense.

OP should look into a lease for a 3 series.
Posted by diat150
Louisiana
Member since Jun 2005
48185 posts
Posted on 2/29/20 at 9:18 am to
ive seen 45k tundras leasing for 324 a month out the door. alot of variables go into leasing and if you dont do the research you will get screwed.
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