Leasing? yay or ghey.

[travis]

I say ghey. I see 2 reasons that someone would lease a car. Either they could careless about cars and just use them simply as transportation, or people that want to drive cars they can't afford. Paying a bunch of money just to drive a car, and then paying more money and giving it back just doesnt make sense to me. If your contract allows it, you can buy the car at the end of the lease, but that price plus what you have paid so far is more than buying it outright. what do you guys think?

[$hortyDaPimp]

If you need a car to get to your job to get the money to buy a car, leasing is great. For a lot of young people leasing is a perfect situation.

[JeDaGe]

A lot of business' lease their work trucks, mostly because the employee's treat them like shit.

[Ambience]

I'm thinking about leasing my next drive.

[Mole]

Leasing is GHEY!

Never lease. It ends up costing less to just buy the damn thing.

My dad leased a 1996 Jeep Cherokee a long time ago, and it gave him nothing but problems... Also, the payments were HIGH, and the guy that gave him his deal, he went back to the dealership and he was GONE. So then, this other dealership was kind enough to buy out the contract of the Jeep, and let him finance a brand new Chevy Blazer.

[MaC_DaDDy]

My aunt leases her cars because she likes to get new ones every few years, she has an Acura MDX right now, and wants to get a jag or the Volkswagon SUV next.

[Kermit]

For personal use... pointless.

For business ues... it can serve a purpose.


When I bought my mustang, I didn't want to pay what they wanted me to pay. So, they tried to talk me into a lease. And pulled out this chart that shows how much you save in taxes, and this and that and the other.

And I looked him in the eye and said "You think I'm an idiot don't you?"

LoL I said... sure, you save money up front, but if you decide to buy the car at the end of the lease, you have to pay all that money you "saved" durring the lease in one lump sum.

He put the chart away and never spoke of the lease again that entire night. Idiots.

[Lord Helmet]

Originally posted by Kermit
And I looked him in the eye and said "You think I'm an idiot don't you?"

To which I would reply "either that or you are doing a good job of fitting in."

[Bill]

Leasing can be a fantastic tool, but mostly if you switch cars a lot. I lease everything.

1) Beating depreciation. Take my car for example. The blue book trade-in value has been dropping like a rock, probably due to a really bad reputation for reliability. It's trade-in is already down around 50% from msrp and it's less than a year and a half old. Leasing means I won't have to take a huge hit on the trade-in when I get rid of it, the rate I pay for the 48 months I have it is already locked in. If you do think you have a car that holds value and you have a good residual (you do have to use your brain when negotiating) you buy it and try to recoup your cost by selling it to a third party. Some dealerships make a lot of money that way.

2) Money in the pocket is money in the bank. Say, hypothetically, a 40000$ car will cost 600$ a month for 48 months leased or 1000$ a month in traditional loan. You say you have the money for the traditional loan and you just want to trade it in after four years? Great! Invest it. If you save 400$ a month on a car loan X 48 months, you'll have 19200$ you could have invested by the end of the lease. Particularly when interest rates are low like now you can beat the interest rate of the loan with investments.

I know some of you guys work on your cars a lot and in that case you obviously have to own it. Also, if you're a serious high-mileage driver, then it's not for you. I did fail to get enough miles on my lease this time and I'll have to pay for it. Also, if you want out of a lease, you do have to swap it or pay out. However, it's still a really useful tool for a lot of people, so don't knock it until you've tried it ;)

[ItsNoot]

Originally posted by Bill
Leasing can be a fantastic tool, but mostly if you switch cars a lot. I lease everything.


Word. I figured out once that if you are switching out your car every three years, the numbers are in favor of leasing.

That said: I've never done it :D In fact, my pickup is paid off this month after a five year loan :)

[Ambience]

I've been switching cars every three years or so. I'm thinking heavily about getting a BMW z4 roadster 2.5i, but I still have a few years left on the Camaro

[Banana]

Originally posted by Bill
Leasing can be a fantastic tool, but mostly if you switch cars a lot. I lease everything.

1) Beating depreciation. Take my car for example. The blue book trade-in value has been dropping like a rock, probably due to a really bad reputation for reliability. It's trade-in is already down around 50% from msrp and it's less than a year and a half old. Leasing means I won't have to take a huge hit on the trade-in when I get rid of it, the rate I pay for the 48 months I have it is already locked in. If you do think you have a car that holds value and you have a good residual (you do have to use your brain when negotiating) you buy it and try to recoup your cost by selling it to a third party. Some dealerships make a lot of money that way.

2) Money in the pocket is money in the bank. Say, hypothetically, a 40000$ car will cost 600$ a month for 48 months leased or 1000$ a month in traditional loan. You say you have the money for the traditional loan and you just want to trade it in after four years? Great! Invest it. If you save 400$ a month on a car loan X 48 months, you'll have 19200$ you could have invested by the end of the lease. Particularly when interest rates are low like now you can beat the interest rate of the loan with investments.

I know some of you guys work on your cars a lot and in that case you obviously have to own it. Also, if you're a serious high-mileage driver, then it's not for you. I did fail to get enough miles on my lease this time and I'll have to pay for it. Also, if you want out of a lease, you do have to swap it or pay out. However, it's still a really useful tool for a lot of people, so don't knock it until you've tried it ;)

I agree with the King of Funk , i always leased till this new car (and im getting shut of it asap) just depends on your needs

[BqS]

mainly interesting for biz and a few of the reasons stated...

private lease for me serves no purpose cuz I cannot really start working on modding the car if its not "really" mine ya know.

that depends tho where u lease and what the contract says, main differences would be from country to country I think...

not 100% sure how the deals look elsewhere but in good ole germany.