2012 infiniti g37x with navigation 18 month lease only $299!!!!!!!!!!

[AJK]

However, I believe insurance is cheaper if you own

Never heard that before, nor does it seem to make sense.

Link?

[AJK]

If you pay upfront, what is the bank doing?

Leasing you the car...

[PlatinumGuy]

What part of it is the bank doing? Buying the car and waiting 18 months to get the rest of the cost back?

[AJK]

What part of it is the bank doing? Buying the car and waiting 18 months to get the rest of the cost back?

Right.

[Saver2000]

Never heard that before, nor does it seem to make sense.

Never heard of that either,  but maybe what he's referring to is that with a leased car you're required to have collision insurance, as opposed to a car that you own.

[bubbles]

Never heard that before, nor does it seem to make sense.

Link?

No link right now but there are certain insurance minimums that are necessary for a lease

[AJK]

Even so, that doesn't make the actual insurance cheaper. It just means you aren't required to have certain add-ons.

A person leasing who needed/wanted A-B-C from an insurer would pay X, just like a person who bought who wanted/needed A-B-C from an insurer would also pay X.

[Saver2000]

Even so, that doesn't make the actual insurance cheaper. It just means you aren't required to have certain add-ons.

A person leasing who needed/wanted A-B-C from an insurer would pay X, just like a person who bought who wanted/needed A-B-C from an insurer would also pay X.

Yes I understand that. I was just suggesting what he possibly meant. 

[smurf]

Never heard of that either,  but maybe what he's referring to is that with a leased car you're required to have collision insurance, as opposed to a car that you own.

Probably what he meant. Although if you own an expensive new car you probably want collision as well

[Ergel]

Nope, didn't mean that at all, just what the insurance agent told me

[Saver2000]

Probably what he meant. Although if you own an expensive new car you probably want collision as well

Yup. I thought Ajk was gonna post that as soon as I posted my "suggestion" .

[AJK]

Nope, didn't mean that at all, just what the insurance agent told me

Be interested to hear if that's true and, if so, the underlying rationale.

[3ZeroT]

My Hyundai Sonata that I bought used has a 5 year 60K Bumper to bumper warranty. Bought new there's a 10 yr 100K warranty! Plus, the way cars are built these days, there's not much maintenance in the first 8 years anyway.Even if they aren't a current Infinity owner? And after tax? A lot of these numbers thrown around here in the low $200's aren't the final numbers.

Well, although that is a 100k *powertrain* only warranty, right?  Most things that go wrong are not with the powertrain.   And any car will need new tires, brake pads, air/cabin filters, etc. one or more times in that long of a period.   With all that said I am playing devil's advocate a bit just to make sure we look at all the factors - I think what you did with your Sonata is financially still going to win out almost every time (over leasing a new Sonata every couple years).   But I wouldn't perhaps want to keep a German car for that long.

[MarkS]

Well, although that is a 100k *powertrain* only warranty, right?  Most things that go wrong are not with the powertrain.   And any car will need new tires, brake pads, air/cabin filters, etc. one or more times in that long of a period.   With all that said I am playing devil's advocate a bit just to make sure we look at all the factors - I think what you did with your Sonata is financially still going to win out almost every time.   But I wouldn't perhaps want to keep a German car for that long.

It's Korean

[3ZeroT]

It's Korean

I know, I meant your argument to buy and hold may not work nearly as well with say a German car like Audi or BMW, because of the significantly higher costs to repair and the lower reliability.