What's the xo consensus on leasing vs buying a car
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Date: May 2nd, 2018 4:13 PM Author: odious ceo
lease only if you can deduct payments through a business.
(http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35967983)
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Date: May 2nd, 2018 4:16 PM Author: buck-toothed university degenerate
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
(http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968006) |
Date: May 2nd, 2018 4:23 PM Author: diverse confused juggernaut
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.
(http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968071) |
Date: May 2nd, 2018 4:26 PM Author: lascivious national security agency box office
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.
(http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968101) |
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Date: May 2nd, 2018 4:42 PM Author: lascivious national security agency box office
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.
(http://www.autoadmit.com/thread.php?thread_id=3961236&forum_id=2#35968235) |
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