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Started By
Message
re: Leasing vs Buying a new car
Posted on 10/27/15 at 10:50 am to Napoleon
Posted on 10/27/15 at 10:50 am to Napoleon
quote:
4runners used to be great for this, they were always worth more than the balloon payment.
i am sure there are some great cars for this, but to think you are smarter than people who do this for a living is a great way to lose money.
0
Posted on 10/27/15 at 10:51 am to Hangover Haven
quote:
I can understand if it was a company car...by not as an individual...
this makes no sense
Posted on 10/27/15 at 10:52 am to LSU1018
Thank you....will look into it!!
Posted on 10/27/15 at 10:54 am to Topwater Trout
quote:
this makes no sense
Let me put it to you clearly...
If it was a business leasing the car for an employee I would understand, it's a business write off, but not as a private individual...
Sorry for the confusion....
This post was edited on 10/27/15 at 10:55 am
Posted on 10/27/15 at 10:58 am to Bamboozles
Leasing is like having a non-stop car note... Granted the payments are a bit cheaper, but it never stops...
After a 3-5 year loan it's yours... We traded in my wife's '09 Acadia this year and got $15k for it..... After not having to pay a car note for 3 years....
And the best part was the sales tax credit for the new purchase....
After a 3-5 year loan it's yours... We traded in my wife's '09 Acadia this year and got $15k for it..... After not having to pay a car note for 3 years....
And the best part was the sales tax credit for the new purchase....
This post was edited on 10/27/15 at 11:17 am
Posted on 10/27/15 at 11:05 am to Hangover Haven
12k per year is plenty!
Posted on 10/27/15 at 11:07 am to Charlie Arglist
quote:
"If it files, floats or fricks....RENT IT."
A car does asbolutely 0 of these things
Posted on 10/27/15 at 11:07 am to Hangover Haven
quote:
Sorry for the confusion....
I can't believe you had to explain your post
Posted on 10/27/15 at 11:13 am to Fonzarelli
quote:
A car does asbolutely 0 of these things
Well, I guess you figured out the answer then....how astute.
Posted on 10/27/15 at 11:15 am to Bamboozles
I buy used, certified used
Posted on 10/27/15 at 11:19 am to Bamboozles
I currently lease both my vehicles - an Infiniti and a Range Rover. It made sense to me to lease the monthly payment isn't all that much and I'm able to keep my vehicle under factory warranty for the duration of the term. I'm also glad I did - I'm not really happy with my Range Rover so when the term is up next year I will get something else. I'm also way under my mileage so I should have a smal amount of equity in it since they hold their value relatively well.
I forget the exact figure but somewhere around 70% of "luxury" vehicles are leased and a quarter of all vehicles are leases. I agree it's not for everyone but having done both I prefer to go the leasing route - at least until I find that vehicle I can't live without.
I forget the exact figure but somewhere around 70% of "luxury" vehicles are leased and a quarter of all vehicles are leases. I agree it's not for everyone but having done both I prefer to go the leasing route - at least until I find that vehicle I can't live without.
Posted on 10/27/15 at 11:19 am to Hangover Haven
quote:
If it was a business leasing the car for an employee I would understand, it's a business write off, but not as a private individual...
its not a write off if they buy?
a business is going to do what is best for them as a business...you don't think leasing can be the best option for some individuals as well?
Posted on 10/27/15 at 12:32 pm to Bamboozles
another thing to keep in mind is the make and model; some manufacturers have pretty lucrative lease deals on certain cars. Some cars have horrible lease deals and you would be nuts to lease one.
Posted on 10/27/15 at 12:50 pm to Bamboozles
You own your house outright and are wondering about leasing a car?
Cough...bulshit...cough.
Cough...bulshit...cough.
Posted on 10/27/15 at 12:55 pm to pleading the fifth
quote:
70% of "luxury" vehicles are leased
$30K/year millionaires have to keep up with the Joneses somehow.
Posted on 10/27/15 at 3:33 pm to Bmath
quote:
have to keep up with the Joneses somehow.
Or a luxury car is one of the absolute worst investments one can make, so they are better off renting it then owning.
Posted on 10/27/15 at 3:35 pm to 632627
quote:
Or a luxury car is one of the absolute worst investments one can make, so they are better off renting it then owning.
depends on what type of luxury car. Many of them hold resale values really well, lexus, BMW to name a few.
Posted on 10/27/15 at 3:40 pm to Topwater Trout
quote:
you don't think leasing can be the best option for some individuals as well?
Your house, do you own or rent...?
Posted on 10/27/15 at 3:40 pm to Bamboozles
Used to lease cars at a different point in my life. Mileage restrictions suck and you are forever leasing until you finally nut up and break the cycle. The answer is ownership. It is the way to go.
Posted on 10/27/15 at 3:46 pm to Bamboozles
I used to be 100% against it, for everyone.
Now I will agree, in certain very rare instances, it can be tolerated.
So now I'm only 99.3% against it.
Now I will agree, in certain very rare instances, it can be tolerated.
So now I'm only 99.3% against it.
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