The most prestigious law school admissions discussion board in the world.
|
 |
 
|
What's the xo consensus on leasing vs buying a car
Poast new message in this thread
Date: April 27th, 2018 2:22 AM Author: cheese-eating set (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929624) |
Date: April 27th, 2018 6:06 AM Author: dark spot lmao @ leasecucks jfc (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929875) |
 |
Date: May 2nd, 2018 4:18 PM Author: Snowy Gaping Idea He Suggested (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968031) |
|
Date: April 27th, 2018 7:12 AM Author: Well-lubricated elastic band clown (goy) (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35929973) |
|
Date: April 27th, 2018 7:13 AM Author: adventurous vermilion locus 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) |
|
Date: May 2nd, 2018 3:58 PM Author: cheese-eating set (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967862) |
|
Date: April 27th, 2018 7:19 AM Author: nudist aphrodisiac mediation crackhouse 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) |
|
Date: May 2nd, 2018 4:00 PM Author: razzmatazz insecure center 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) |
|
Date: May 2nd, 2018 4:00 PM Author: rough-skinned genital piercing (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967879) |
|
Date: May 2nd, 2018 4:07 PM Author: Puce orchestra pit national security agency 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) |
|
Date: May 2nd, 2018 4:12 PM Author: razzmatazz insecure center 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) |
|
Date: May 2nd, 2018 4:35 PM Author: Floppy station shitlib 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) |
|
Date: May 2nd, 2018 4:16 PM Author: swashbuckling base 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) |
|
Date: May 2nd, 2018 4:21 PM Author: Soul-stirring sick twinkling uncleanness LOL Toyotas are just getting broken in at 100k (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968043) |
|
Date: May 2nd, 2018 4:28 PM Author: razzmatazz insecure center 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) |
|
Date: May 2nd, 2018 4:18 PM Author: Excitant theatre 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) |
|
Date: May 2nd, 2018 4:19 PM Author: dashing swollen range faggot firefighter (guy comparing his corrola to a moderately used 4runner) (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968036) |
|
Date: May 3rd, 2018 2:12 AM Author: mahogany university friendly grandma (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35971519) |
|
Date: May 2nd, 2018 4:08 PM Author: vivacious dull yarmulke what happened to volt (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967948) |
|
Date: May 3rd, 2018 1:35 AM Author: cheese-eating set volt lease will be over in a few months (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35971459) |
|
Date: May 3rd, 2018 8:55 PM Author: cheese-eating set (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35977233) |
|
Date: May 2nd, 2018 4:13 PM Author: at-the-ready effete church building reading party Buy used car just coming off lease for cash (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967980) |
|
Date: May 2nd, 2018 4:13 PM Author: Motley Primrose Meetinghouse lease only if you can deduct payments through a business.
|
|
Date: May 2nd, 2018 4:16 PM Author: dashing swollen range faggot firefighter 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 |
|
Date: May 2nd, 2018 4:21 PM Author: Mustard geriatric associate 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) |
|
Date: May 2nd, 2018 4:22 PM Author: dashing swollen range faggot firefighter i meant own it at the end, as in you paid for it for x years and have nothing to show for it
|
|
Date: May 2nd, 2018 4:27 PM Author: Mustard geriatric associate 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) |
|
Date: May 2nd, 2018 4:29 PM Author: dashing swollen range faggot firefighter 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) |
|
Date: May 2nd, 2018 4:23 PM Author: Ungodly faggotry 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. |
|
Date: May 2nd, 2018 4:33 PM Author: Pearly Wild Hall Filthpig 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) |
|
Date: May 2nd, 2018 4:26 PM Author: harsh abusive church private investor 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. |
|
Date: May 2nd, 2018 4:28 PM Author: Mustard geriatric associate (http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968124) |
|
Date: May 2nd, 2018 4:31 PM Author: razzmatazz insecure center 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) |
|
Date: May 2nd, 2018 4:42 PM Author: harsh abusive church private investor 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. |
|
Date: May 2nd, 2018 4:45 PM Author: razzmatazz insecure center 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. |
|
Date: May 2nd, 2018 4:49 PM Author: harsh abusive church private investor That’s why I said 95% should buy.
The other 5% have their own businesses and/or knows how to get lease deals. |