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What's the xo consensus on leasing vs buying a car
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Date: April 27th, 2018 2:22 AM Author: orchid bawdyhouse generalized bond (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929624) |
Date: April 27th, 2018 6:06 AM Author: Floppy quadroon lmao @ leasecucks jfc (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929875) |
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Date: May 2nd, 2018 4:18 PM Author: opaque racy stage (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968031) |
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Date: April 27th, 2018 7:12 AM Author: adulterous drab athletic conference (goy) (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929973) |
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Date: April 27th, 2018 7:13 AM Author: Massive headpube tanning salon i think leasing makes sense if you don't want a huge commitment and have a short commute. Low mileage lease on a non-luxury car is pretty cheap. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929976) |
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Date: May 2nd, 2018 3:58 PM Author: orchid bawdyhouse generalized bond (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967862) |
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Date: April 27th, 2018 7:19 AM Author: Bearded twinkling uncleanness Lease only if you use it for business for the write off, or if you’re so rich you don’t give a shit about lighting your money on fire and want something flashy like an R8 (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929981) |
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Date: May 2nd, 2018 4:00 PM Author: Ultramarine Exhilarant Pozpig tcr for 99% of people is buying a honda or toyota brand new and driving it into the ground. hope this helps. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967873) |
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Date: May 2nd, 2018 4:00 PM Author: dark lay jewess (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967879) |
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Date: May 2nd, 2018 4:07 PM Author: Swashbuckling amber internal respiration famous landscape painting yeah, no. make that a car where the depreciation isn't still financially devastating. so, more like a 3 year old car and then drive it into the ground. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967943) |
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Date: May 2nd, 2018 4:12 PM Author: Ultramarine Exhilarant Pozpig you pay for that in sometimes heavy use, deferred maintenance and fart stench on the seats (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967971) |
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Date: May 2nd, 2018 4:35 PM Author: irradiated cream goyim base That's old thinking. 3 year old Hondas and Toyotas are very expensive for their mileage because everyone caught on to new car depreciation (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968174) |
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Date: May 2nd, 2018 4:16 PM Author: stubborn trailer park CR. When you buy a car, you should count on getting the odometer to at least 100K (so if you buy with 30K miles at least 70K more miles on it). Cars are super reliable these days and the tech doesn't change that fast so you won't materially improve your experience by "upgrading" every few years. The proles who roll their "Negative equity" into the next car loan are ljl. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968011) |
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Date: May 2nd, 2018 4:21 PM Author: cordovan violent personal credit line LOL Toyotas are just getting broken in at 100k (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968043) |
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Date: May 2nd, 2018 4:28 PM Author: Ultramarine Exhilarant Pozpig 100k is the sweet spot for resale and not getting raped on maintenance later on (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968118) |
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Date: May 2nd, 2018 4:18 PM Author: alcoholic community account dragon I just bought a new Toyota. I generally think buying new is a bad idea, but sometimes you can get new cars that are priced competitively with similar used vehicles with 50,000 miles on them. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968028) |
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Date: May 2nd, 2018 4:19 PM Author: pearly roommate (guy comparing his corrola to a moderately used 4runner) (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968036) |
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Date: May 3rd, 2018 2:12 AM Author: navy boiling water (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35971519) |
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Date: May 2nd, 2018 4:08 PM Author: passionate ape what happened to volt (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967948) |
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Date: May 3rd, 2018 1:35 AM Author: orchid bawdyhouse generalized bond volt lease will be over in a few months (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35971459) |
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Date: May 3rd, 2018 8:55 PM Author: orchid bawdyhouse generalized bond (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35977233) |
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Date: May 2nd, 2018 4:13 PM Author: alcoholic soul-stirring hell Buy used car just coming off lease for cash (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967980) |
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Date: May 2nd, 2018 4:13 PM Author: Snowy cerebral step-uncle's house lease only if you can deduct payments through a business.
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Date: May 2nd, 2018 4:16 PM Author: pearly roommate my brother sells cars and he only leases for him and his family. he says it's the cheapest way to HAVE a nice reliable car, but of course in the end you dont own the motherfucker.
so it really depends on your priorities in terms of straight finance vs image/lifestyle |
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Date: May 2nd, 2018 4:21 PM Author: Carnelian Glittery Principal's Office I never understood the "you don't own it" argument. If I still get all the use of it as if I owned it, what's the difference during the lease period other than $$? (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968041) |
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Date: May 2nd, 2018 4:22 PM Author: pearly roommate i meant own it at the end, as in you paid for it for x years and have nothing to show for it
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Date: May 2nd, 2018 4:27 PM Author: Carnelian Glittery Principal's Office You are basically paying the depreciation on it though. If you bought the car outright, at the end of three years or however long, you'd have the same amount to show for it if you were to sell it at that point. And leases give you the option to buy at the end. I don't really get the "what do you have to show for it" argument, I dunno. I'm also lower IQ than most of the board. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968113) |
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Date: May 2nd, 2018 4:29 PM Author: pearly roommate my brother's point was that payments are lower and you dont have to pay a yuge down payment, so on a short-term and month-to-month basis it's "cheaper" (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968130) |
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Date: May 2nd, 2018 4:23 PM Author: big splenetic knife filthpig Lease a car, buy a home.
Car - depreciating asset, you are burning money either way. With a lease you can get a nicer, newer vehicle, with no warranty issues or maintenance costs that you trade up for before problems begin. LOL at a man enjoying some else's sloppy seconds
Home - appreciating asset. When you rent you are not avoiding maintenance costs or taxes but paying it on behalf of someone else. Plus enjoy uncertainty in yearly rent price increases and landlords. LOL at any man that cannot do as he pleases in his castle. |
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Date: May 2nd, 2018 4:33 PM Author: umber histrionic philosopher-king I guess if you have a family and/or are sure you have a steady job & won’t want to move. Renting gives you more flexibility. (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968157) |
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Date: May 2nd, 2018 4:26 PM Author: Disrespectful Talented Voyeur For 95% of the population, buying makes sense. But If you plan on keeping a car for 5 years or less and you drive less than 10k/year, leasing may make financial sense.
Residuals and money factor on leases also fluctuate month to month and there are entire forums dedicated to finding the best lease deals every month. And there are often some really good deals out there with very high residuals and low MFs.
Personally I’m only doing leases to buyout from now on. It’s basically an interest free 3 year loan on ~60% of the cost of the car. Cheaper than financing 100% the cost of the car at even a super low rate. |
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Date: May 2nd, 2018 4:28 PM Author: Carnelian Glittery Principal's Office (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968124) |
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Date: May 2nd, 2018 4:31 PM Author: Ultramarine Exhilarant Pozpig lol how is it an interest free loan you idiot? a money factor is interest. multiply by 2400 to get your rate. and typically finance rates are better than money factor + interest on used (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968144) |
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Date: May 2nd, 2018 4:42 PM Author: Disrespectful Talented Voyeur Depending on the manufacturer, the baseline MF is often quite low. For example, Mercedes has very low MF. The MF for my car was .0005 (1.2%). Most models ranged from 1-2% for a 10k mile lease. Lowest financing I could get was 1.55%. BMW has high MFs and ranged from 2.5-3.5%. I would never lease a BMW.
Second, many manufacturers have multiple security deposit programs to lower your MF to 0 equal to however many months’ lease payments to get to 0%. Yes there’s a small opportunity cost to not being able to use that $4k or whatever over 3 years but I don’t invest $4k in the market anyway when it comes out of my cash cushion.
I would only lease cars with low MFs or MSD programs to get 0-1% financing. |
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Date: May 2nd, 2018 4:45 PM Author: Ultramarine Exhilarant Pozpig yeah except 95% of the population isn't leasing mercedes or has $4k to lower MSDs. not to mention your plan to buy out the lease at the end would involve financing for most people, and they would get pwned on used car financing.
for 99% of the population, a brand new honda or toyota is the ticket. |
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Date: May 2nd, 2018 4:49 PM Author: Disrespectful Talented Voyeur That’s why I said 95% should buy.
The other 5% have their own businesses and/or knows how to get lease deals. |