|
||||||
 |
Recent Posts | Search by username | |
Contact Us | |
Login | |
Register |
 |
 |
|||||
 |
 |
 |
 |
 |
 |
|
24HourForums.com > Supported Forums > Shimmy's Things On Wheels > Do you lease your car or buy it outright? |
| Moderated by: shimmy |
|
|||||||||||||||||||||||||||||||||||||||
| Author | Post | |||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
shimmy Original500© Member 
|
  |
|
||||||||||||||||||||||||||||||||||||||
|
I always buy them outright. Any advantages to leasing?
|
||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||
|
guppy Guest
|
|
|
||||||||||||||||||||||||||||||||||||||
|
i bought my last car..paid for it outright..and i am going to drive it till it goes to the car pile heaven...its seven years old now....
|
||||||||||||||||||||||||||||||||||||||||
|
Luvdawgs Pioneer100© Member 
|
|
|
||||||||||||||||||||||||||||||||||||||
|
I always buy mine outright. Here's the article with leasing advice from our own Shiro and others in your forum: http://www.24hourforums.com/view_topic.php?id=9651&forum_id=121
|
||||||||||||||||||||||||||||||||||||||||
|
foxglovepress Forum-Blogger© Original500© Member  NON-PC!!
|
|
|
||||||||||||||||||||||||||||||||||||||
shimmy wrote: I always buy them outright. Back when we had our own business, it really paid off to lease our cars. We could deduct the payments off as business expenses. We also leased for two to three years, turned them back and leased a new one for two to three years. I personally, prefer to own my car. I really don't like payments on anything If I can help it. This was in Eugene Oregon in the 80's. I don't know how leases work today. If you have a business, you maybe should look into it.........................
 Justice for Mark.....Imprison Employers Who Hire ILLEGALS! |
||||||||||||||||||||||||||||||||||||||||
|
shirohniichan Original500© Member  Obscurius per obscurum
|
|
|
||||||||||||||||||||||||||||||||||||||
|
I bought my wife's car instead of leasing it because 1) the lease programs on Mazda MPV's were not good at all; 2) she doesn't take care of her cars and I didn't want to pay for excess wear and tear. I bought my Infiniti M45, but I could just as easily could have leased it (in fact, I would have done better to lease it). Back in October of 2003 I had the opportunity to lease a new Infiniti M45 for under $1,000 out of pocket and under $400 per month including tax for 36 months allowing 12,000 miles per year. The lease program lasted for one month and went away forever. I waited until November of 2005 to buy one (used) with $2,000 down and payments of $380 per month for 60 months. I would have done better to have leased the car, but I missed my chance. Live and learn.
|
||||||||||||||||||||||||||||||||||||||||
|
shimmy Original500© Member
|
|
|
||||||||||||||||||||||||||||||||||||||
hahaha.. double post by myself... it's an old age thing...       
|
||||||||||||||||||||||||||||||||||||||||
|
Luvdawgs Pioneer100© Member
|
|
|
||||||||||||||||||||||||||||||||||||||
shimmy wrote: hahaha.. double post by myself... it's an old age thing... It's ok, shimmy...happens to the best of us.  
|
||||||||||||||||||||||||||||||||||||||||
|
Prince colin Forum-Blogger© Pioneer100© Member 
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Bought my dodge outright Leasing the honda accord
|
||||||||||||||||||||||||||||||||||||||||
|
Erinna1112 Original500© Member  Witty clever title pending
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Leasing is - according to a lot of sources, including Consumer Reports - the most expensive way to operate a vehicle. All you're doing is absorbing the depreciation for the dealer. All that money out the window and you don't even own the vehicle; you're just renting it (which, by the way, is how they can get away with not telling you how much interest you're paying, since it's not a sale). IMO, if you get a lease because you can't afford a car note payment, you can't afford the car. The only way leasing would make sense is if you could lease it for less than what it would depreciate in the time you lease it. I pay cash on the other end - for the lease turn-ins. Haven't had a car payment in YEARS. I like it that way.
|
||||||||||||||||||||||||||||||||||||||||
|
shirohniichan Original500© Member Obscurius per obscurum
|
|
|
||||||||||||||||||||||||||||||||||||||
Erinna1112 wrote: Leasing is - according to a lot of sources, including Consumer Reports - the most expensive way to operate a vehicle. All you're doing is absorbing the depreciation for the dealer. All that money out the window and you don't even own the vehicle; you're just renting it (which, by the way, is how they can get away with not telling you how much interest you're paying, since it's not a sale). IMO, if you get a lease because you can't afford a car note payment, you can't afford the car. The only way leasing would make sense is if you could lease it for less than what it would depreciate in the time you lease it. Consumer Reports is wrong (surprise, surprise). I've seen people who pay a lot more than leasing by buying cars and then trading them in in less than 3 years. When I hear how much they owe on their current cars I'm amazed. For example, their cars are worth $15,000, but they owe $28,000 on them. It turns out that they bought a new car that depreciated quickly, bought another car and rolled the inequity from their previous car into the new loan. If you buy a new car every 2 years or so, you'd most likely save money by leasing.
|
||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||
|
Erinna1112 Original500© Member Witty clever title pending
|
|
|
||||||||||||||||||||||||||||||||||||||
shirohniichan wrote: Erinna1112 wrote:Leasing is - according to a lot of sources, including Consumer Reports - the most expensive way to operate a vehicle. All you're doing is absorbing the depreciation for the dealer. All that money out the window and you don't even own the vehicle; you're just renting it (which, by the way, is how they can get away with not telling you how much interest you're paying, since it's not a sale). IMO, if you get a lease because you can't afford a car note payment, you can't afford the car. The only way leasing would make sense is if you could lease it for less than what it would depreciate in the time you lease it. Well, only if you were dumb enough to buy NEW. These people couldn't afford the cars, like I said in my first post. I'll take the two-year-old lease turn-in and let some other yutz take the tail-kicking in the depreciation department. Given the average price of a new car and the speed of depreciation, you can get the same effect by rolling down your car window on the way to work once a week and tossing out a $100 bill. No, thanks.
|
||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||
24HourForums.com > Supported Forums > Shimmy's Things On Wheels > Do you lease your car or buy it outright? | ||||||||||||||||||||||||||||||||||||||||
| Site Supporters | |||
|---|---|---|---|
| Posts Of The Day | Mock Forums | WowClassic | |
Themes and most mods done in collaboration with: WowClassic - powerful forum software with the best support service.
We are partners with Forum Owner Services
Powered by - Copyright © 2003-2006 Aycan Gulez
We are partners with Forum Owner Services
Powered by - Copyright © 2003-2006 Aycan Gulez