why is xo against leasing cars?
| Duck-like ticket booth son of senegal | 02/24/18 | | Duck-like ticket booth son of senegal | 02/24/18 | | aromatic mustard voyeur | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | Alcoholic avocado factory reset button market | 02/24/18 | | misunderstood bawdyhouse hominid | 02/24/18 | | canary casino | 02/24/18 | | misunderstood bawdyhouse hominid | 02/24/18 | | canary casino | 02/24/18 | | misunderstood bawdyhouse hominid | 02/24/18 | | canary casino | 02/24/18 | | curious sienna ladyboy piazza | 02/24/18 | | canary casino | 02/24/18 | | curious sienna ladyboy piazza | 02/24/18 | | canary casino | 02/24/18 | | curious sienna ladyboy piazza | 02/24/18 | | geriatric forum windowlicker | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | brass turdskin | 02/24/18 | | misunderstood bawdyhouse hominid | 02/24/18 | | canary casino | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | canary casino | 02/24/18 | | misunderstood bawdyhouse hominid | 02/24/18 | | aromatic mustard voyeur | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | canary casino | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | canary casino | 02/24/18 | | heady adulterous boltzmann property | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | canary casino | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | brass turdskin | 02/24/18 | | Aqua site goal in life | 02/24/18 | | brass turdskin | 02/24/18 | | vigorous citrine lodge | 02/24/18 | | canary casino | 02/24/18 | | brass turdskin | 02/24/18 | | canary casino | 02/24/18 | | brass turdskin | 02/24/18 | | canary casino | 02/24/18 | | brass turdskin | 02/24/18 | | canary casino | 02/24/18 | | canary casino | 02/24/18 | | Turquoise violent trump supporter heaven | 02/24/18 | | misunderstood bawdyhouse hominid | 02/24/18 | | Spectacular orchestra pit | 02/24/18 | | Multi-colored Dopamine Legend | 02/24/18 | | Spectacular orchestra pit | 02/24/18 | | Multi-colored Dopamine Legend | 02/24/18 | | excitant pervert | 02/24/18 | | Spectacular orchestra pit | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | dead dashing state | 02/24/18 | | blathering sadistic dilemma | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | scarlet jet-lagged church | 02/24/18 | | thirsty amber round eye ceo | 02/24/18 | | Tan maniacal idiot | 02/24/18 | | dark diverse sanctuary | 02/24/18 | | carmine set | 02/24/18 | | Alcoholic avocado factory reset button market | 02/24/18 | | canary casino | 02/24/18 | | brass turdskin | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | Ruddy Doobsian Depressive Antidepressant Drug | 02/24/18 | | curious sienna ladyboy piazza | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | Ruddy Doobsian Depressive Antidepressant Drug | 02/24/18 | | Appetizing high-end parlor sweet tailpipe | 02/24/18 | | Vivacious nubile multi-billionaire | 02/24/18 | | brass turdskin | 02/24/18 |
Poast new message in this thread
Date: February 24th, 2018 7:54 PM Author: blathering sadistic dilemma
it only makes sense if you're the type of person to switch cars every few years. if you do that, then it can make a lot of sense.
switching up cars once every three years at the top of the deprecation curve is a stupid thing to do in itself though.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480018) |
|
Date: February 24th, 2018 8:51 PM Author: canary casino
Mine is a 2013, bought in 2014 (at a huge discount, added a lifetime manufacturer's warranty for like $2400). I've had it for 4 years, paid little in maintenance/repair. It is at over 100k miles already because I drive a ton. Now, you would have replaced your car twice by now, losing money each time. I will get a newish car next year and keep this car as a second car.
As a bonus, I drive a car that cost over $50k new that is incredibly nice with a powerful V8 that I enjoy.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480462)
|
|
Date: February 24th, 2018 9:04 PM Author: brass turdskin
-I've had it for 4 years, paid little in maintenance/repair. It is at over 100k miles already because I drive a ton.
of course, its still fucking warrantied. so you bitch about leasing because it simply isnt even remotely applicable to you
-Now, you would have replaced your car twice by now, losing money each time.
wrong. once and my smartly negotiated close to 0% lease is hardly "losing money," esp in an inflationary environment
-I will get a newish car next year and keep this car as a second car.
thats fine. again, not all of us wish to live in a junkyard setting with shitpits roaming around
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480531) |
|
Date: February 24th, 2018 9:15 PM Author: canary casino
"of course, its still fucking warrantied. so you bitch about leasing because it simply isnt even remotely applicable to you"
No, I'm noting that the response that you're going to get your advantage eaten in repair/maint is nonsense, and that is despite heavy use.
"wrong. once and mine would have had a fuckton more residual value"
Once every two years, it is just over 4 years, so you would be driving car #3 while I'm still on car #1.
"thats fine. again, not all of us wish live in a junkyard environment with shitpits roaming around"
Their names are Dima and Vlad and they're fantastic bros. No one steals from us! Also, it is not junkyard, it is former gas station.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480582)
|
|
Date: February 24th, 2018 9:21 PM Author: brass turdskin
-No, I'm noting that the response that you're going to get your advantage eaten in repair/maint is nonsense, and that is despite heavy use.
uh dumbass, your car isn't off warranty.
-Once every two years, it is just over 4 years, so you would be driving car #3 while I'm still on car #1.
lease is 3 yrs brah
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480607) |
Date: February 24th, 2018 8:16 PM Author: excitant pervert
I barely know anyone who leases and have ALWAYS heard that it's a bad decision unless you "own a business" and can "write it off."
The other time it's credited imho is for when you already would've traded the Car in after 2-4 years for whatever reason (like if you are a fan of German cars/Land Rovers/what have you)... if the lease is structured such that you're only paying for the depreciation, then you might come out ahead... remember, if you buy a car, you're paying sales tax on the whole thing, versus on a lease where you only pay tax on the lease payment afaik. Also, the residual value is a done deal as soon as you sign the thing, and not like trying to trade in a Car, where the dealer tries to fuck you over at all costs.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480190) |
|
Date: February 24th, 2018 10:22 PM Author: Appetizing high-end parlor sweet tailpipe
We're just taking about whether to make extra security deposits on a lease.
You'd compare the opportunity cost of the deposits to the interest/MF on the depreciation.
If your car had a residual value of 58% ($36k), you'd be financing about $18k for 3 years. If the normal interest rate for no extra deposits was 2.5% (money factor 0.00104), you'd pay about $700 in interest. But you'd be paying that with about $1,170 in pre-tax earnings.
So what's your opportunity cost on $4k? If you'd get 8.0% per year, that's about $1,040 in forgone pre-tax returns.
So it's pretty close to a wash.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480965) |
Date: February 24th, 2018 9:41 PM Author: Vivacious nubile multi-billionaire
Unless there is some tax advantage leasing is for poors.
If you can't afford to pay cash buy something cheaper.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480729) |
|
|