Poll

Do/Would you Lease or Buy?

Only Lease.
71 (21.9%)
Only Buy.
91 (28.1%)
I judge both options and usually lease.
64 (19.8%)
I judge both options and usually buy.
74 (22.8%)
I don't have a car.
24 (7.4%)

Total Members Voted: 324

Author Topic: Car Lease v. Buying  (Read 167229 times)

Offline churnbabychurn

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Re: Car Lease v. Buying
« Reply #80 on: November 03, 2013, 04:06:32 PM »
you understand that you can have "zero" down and still have to pay 1st month/taxes/bank fee/registration fees etc upon getting the car?
of course. You gotta pay taxes and registration when buying also.

Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #81 on: November 03, 2013, 04:07:14 PM »
So I'm getting the idea that you think purchasing is much better. I'm going to start looking at that, though payments are usually more than when you lease and more years - but the car is yours at the end.
thats why dan started the thread...

Offline Lou Bob

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Re: Car Lease v. Buying
« Reply #82 on: November 03, 2013, 04:07:26 PM »
So I'm getting the idea that you think purchasing is much better. I'm going to start looking at that, though payments are usually more than when you lease and more years - but the car is yours at the end.
you have to get the right car though, and not brand new
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Offline SamKey

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Re: Car Lease v. Buying
« Reply #83 on: November 03, 2013, 04:08:01 PM »
ur biased, but at the end of the day  ur basically saying leasing makes more sense, cuz they have similar perks such as no maintenance
No I'm talking about unlimited miles switching in the car even to a better one at any given time and free insurance

Offline Mutty

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Re: Car Lease v. Buying
« Reply #84 on: November 03, 2013, 04:08:47 PM »
you have to get the right car though, and not brand new
Oh, that's different. Then you get to own someone elses headache (maybe)
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Offline DovtheBear

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Re: Car Lease v. Buying
« Reply #85 on: November 03, 2013, 04:09:37 PM »
No I'm talking about unlimited miles switching in the car even to a better one at any given time and free insurance
You can get a rental at comparable prices?
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Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #86 on: November 03, 2013, 04:09:57 PM »
Oh, that's different. Then you get to own someone elses headache (maybe)
Thats why they lease  :)

Offline Lou Bob

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Re: Car Lease v. Buying
« Reply #87 on: November 03, 2013, 04:10:44 PM »
of course. You gotta pay taxes and registration when buying also.
correct, but don't say that ur leasing a car with zero down.
You know, if you would get rid of the zero down, and put $ down, ur monthly payment would be less? Its all written in a way to get you in to the dealership. Zero down means higher monthly payment, and $ down means lower. The value of the car doesn't change.
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Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #88 on: November 03, 2013, 04:11:12 PM »
You can get a rental at comparable prices?
Not that long term or guaranteed price

Offline Ergel

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Re: Car Lease v. Buying
« Reply #89 on: November 03, 2013, 04:11:30 PM »
you have to get the right car though, and not brand new
IME if you know how to negotiate a new car, the spread between a lightly used and new car will not be great enough to warrant buying the used
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Online jj1000

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Re: Car Lease v. Buying
« Reply #90 on: November 03, 2013, 04:12:08 PM »
Huh?
I compared it with leasing and I'd have to have a head of cabbage to have taken the lease on that deal.
Exactly they are offering it to people that lease ;)
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Offline churnbabychurn

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Re: Car Lease v. Buying
« Reply #91 on: November 03, 2013, 04:14:15 PM »
correct, but don't say that ur leasing a car with zero down.
You know, if you would get rid of the zero down, and put $ down, ur monthly payment would be less? Its all written in a way to get you in to the dealership. Zero down means higher monthly payment, and $ down means lower. The value of the car doesn't change.
Yup, the goal is to get zero down AND low monthly payments.

Offline hertzinstl

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Re: Car Lease v. Buying
« Reply #92 on: November 03, 2013, 04:14:29 PM »
Start a poll?

Offline yuneeq

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Re: Car Lease v. Buying
« Reply #93 on: November 03, 2013, 04:14:59 PM »
To sum it up:
If you can afford to BUY a 30k car, but you want the convenience of leasing, you can only afford to LEASE a 25k car.

Sometimes a deal will pop up and it makes sense to lease, but generally it doesn't.

The numbers are made up, but the idea should be the correct most of the time.
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Offline Lou Bob

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Re: Car Lease v. Buying
« Reply #94 on: November 03, 2013, 04:17:06 PM »
Yup, the goal is to get zero down AND low monthly payments.
duh! but its very uncommon...I know someone that had such a thing, but that was very lucky
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Offline Dan

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Re: Car Lease v. Buying
« Reply #95 on: November 03, 2013, 04:18:19 PM »
of course. You gotta pay taxes and registration when buying also.
When you buy the pain is spread across a longer period of ownership.

IME if you know how to negotiate a new car, the spread between a lightly used and new car will not be great enough to warrant buying the used
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Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #96 on: November 03, 2013, 04:20:13 PM »
When you buy the pain is spread across a longer period of ownership.
so is the maintenance bill

Offline Lou Bob

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Re: Car Lease v. Buying
« Reply #97 on: November 03, 2013, 04:20:59 PM »
so is the maintenance bill
so you gotta know when to say goodbye to it before it costs too much
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Offline Dan

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Re: Car Lease v. Buying
« Reply #98 on: November 03, 2013, 04:21:03 PM »
so is the maintenance bill
So buy an 8 year warranty for $1,000. Still come out way ahead.

Leasing is great, but don't pretend that 99% of people don't pay a premium for it.  And it comes with headaches like scratches that an owner wouldn't care about but the leasing company will.  And limited miles means some people wind up parking their leases early.
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Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #99 on: November 03, 2013, 04:21:57 PM »
so you gotta know when to say goodbye to it before it costs too much
right on