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 167243 times)

Online skyguy918

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Re: Car Lease v. Buying
« Reply #140 on: November 04, 2013, 04:47:33 PM »
And since when is dan a mechanic? you only value his oppinion?
Be sure to send your car to him when you do buy it  ;)
Nothing to do with valuing his opinion, if I was in the market I'd strongly consider a rental. This is a forum and I'm discussing the topic because I disagree with his opinion on the matter. I didn't realize at first that you were the one that brought it up first, so I apologize if you felt like I was brushing you off because you're not chashuv enough or something. I assure you, you're both chashuv enough for me to disagree with  ;D.

of course it wont die on you in a year, in fact it prob wont die in 5 years.. cars are made to last! You just wont be getting the best value for your money
You say you won't get the best value for your money. Have you done comparison shopping between former rentals and other used cars? In truth I can't speak for buying directly from the rental companies as I have no experience or second hand knowledge of that market. But if you know someone trustworthy that buys at auctions, you're gonna find great value there. Like I said, this particular seller has found many people in my neighborhood great deals on former rental cars. I'm sure he takes his cut too, but the the price is still right.

Offline Bh101

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Re: Car Lease v. Buying
« Reply #141 on: November 05, 2013, 12:38:31 AM »
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
Dan, i bought a used 2011 chevy malibu lt about 3/4 of a year ago for $10,300 with benefits. the chevy warranty (power train goes to 5yrs or 100,000 miles) i strongly believe that i got a good deal, what new car is close in price?

btw just to stir the pot a bit, in some states u have to pay property tax on a car as well. so if u have a lease ur paying tax on the FULL value of the car versus a used car where the taxes start off lower and continually go down.
(i remember wen u bought the altima, there was a lot of negotiating over there)

Offline Ergel

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Re: Car Lease v. Buying
« Reply #142 on: November 05, 2013, 01:01:12 AM »
What would that car cost new? How many miles were on it?
My 2012 sonata which I bought new would go now for much more than that. A Chevy will depreciate faster than a Japanese made car for a reason
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Offline Bh101

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Re: Car Lease v. Buying
« Reply #143 on: November 05, 2013, 01:02:28 AM »
25k miles dont remember wat it cost new

Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #144 on: November 05, 2013, 06:13:33 AM »
and my filibuster is done... anyone else want to take the floor?

Offline yosefred

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Re: Car Lease v. Buying
« Reply #145 on: November 05, 2013, 10:58:14 PM »
A while back i heard on  "car talk" (a famous radio show, with mechanics, that used to be on npr),that you'd have to be crazy to buy a rental car, EXCEPT for a minivan. Their reasoning was, who goes fast or does 'Doughnuts" etc.. with kids in the car. + not very exciting doing those things in such a car..

Offline bobthebuilder

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Re: Car Lease v. Buying
« Reply #146 on: November 06, 2013, 06:10:05 AM »
A while back i heard on  "car talk" (a famous radio show, with mechanics, that used to be on npr),that you'd have to be crazy to buy a rental car, EXCEPT for a minivan. Their reasoning was, who goes fast or does 'Doughnuts" etc.. with kids in the car. + not very exciting doing those things in such a car..
+1 you cant do much with a minivan anyway

Offline MEIR613

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Re: Car Lease v. Buying
« Reply #147 on: November 10, 2013, 11:01:03 PM »
Just throwing it out there (I think someone mentioned it already)

Renting - Paying $110 a week.
             - 1250 AC miles a week
             - 220 UR a week
             - No insurance
             - New car every week

Not too bad of a deal.


Offline ayman

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Re: Car Lease v. Buying
« Reply #148 on: November 10, 2013, 11:31:49 PM »
Wow, was mentioned, just realized that w ins. that's about what an Accord/Sonata/Camry cost for a lease. Plus you can get bonus miles through diff. sites/CC programs! Sounds great!
Buy discounted gift cards from me.
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Offline Ergel

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Re: Car Lease v. Buying
« Reply #149 on: November 10, 2013, 11:34:11 PM »
Just throwing it out there (I think someone mentioned it already)

Renting - Paying $110 a week.
             - 1250 AC miles a week
             - 220 UR a week
             - No insurance
             - New car every week

Not too bad of a deal.


1. have to go rent it every week
2. where can you consistently get it for $110/week?
Life isn't about checking the boxes. Nobody cares.

Offline MEIR613

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Re: Car Lease v. Buying
« Reply #150 on: November 10, 2013, 11:38:20 PM »
1. have to go rent it every week
2. where can you consistently get it for $110/week?
1. Agree usually it's a PITA, but the Hertz by me is down the block from my office and it takes 10 minutes to do.

2. Not always is it $110, but still usually not more than $130.

Plus unlimited miles.

Not saying it's ideal, but if can't find something to buy right away and instead of diving into a 2-3 year lease, it could be something to think of.

Offline Barryg

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Re: Car Lease v. Buying
« Reply #151 on: November 10, 2013, 11:42:25 PM »
Maybe we should add this option to the poll...

Offline yuneeq

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Re: Car Lease v. Buying
« Reply #152 on: November 10, 2013, 11:50:33 PM »
@Meir Assuming $110 a week (which you say is not always) you are paying $478 per month. If you average $120 a week, it goes up to $521 per month.

That along with the hassle of constantly going down there to switch cars, not having the comfort of keeping your usual setup, (presets, Bluetooth, audio options and etc.), makes it not such an amazing deal.

Though it obviously also depends on which cars you are usually receiving.
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Offline Dave321

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Re: Car Lease v. Buying
« Reply #153 on: November 10, 2013, 11:56:59 PM »
I bought my first car and now I am selling it. I plan on leasing my next car.

Pro's of buying:

Unlimited miles
no worry about scratches
can add options to the car

Now that i am leasing i see a few pro's:
Brand new late model car
tax write-off

(it is easier to write off a lease then if you own a car. you can write off monthly payments AND gas and tolls. )

These are just some of the things i noticed between the two.

Offline MEIR613

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Re: Car Lease v. Buying
« Reply #154 on: November 11, 2013, 12:01:12 AM »
@Meir Assuming $110 a week (which you say is not always) you are paying $478 per month. If you average $120 a week, it goes up to $521 per month.

That along with the hassle of constantly going down there to switch cars, not having the comfort of keeping your usual setup, (presets, Bluetooth, audio options and etc.), makes it not such an amazing deal.

Though it obviously also depends on which cars you are usually receiving.
K but remember you are getting 1250 AC miles which are worth minimum 1.3. So thats 5,000*.013 = $65.

Happens to be I only the need the car to go a couple blocks away each day, but it's kool for me to check out a new car each week.

I've been riding a Mustang for 3 weeks.

As I said before, this is not ideal for most people since they would rather not go through pain, hassle and tircha of switching in a new car every week (you can really just keep the same car and just renew the contact), however for short term I feel it makes more sense then to convince your self that leasing is the way to go.

Offline Barryg

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Re: Car Lease v. Buying
« Reply #155 on: November 11, 2013, 12:01:35 AM »
@Meir Assuming $110 a week (which you say is not always) you are paying $478 per month. If you average $120 a week, it goes up to $521 per month.

That along with the hassle of constantly going down there to switch cars, not having the comfort of keeping your usual setup, (presets, Bluetooth, audio options and etc.), makes it not such an amazing deal.

Though it obviously also depends on which cars you are usually receiving.
An amazing deal, if you're driving over 20k miles a year... (compared to leasing - which so far, no one on this thread, brought a decent validation)
An interesting deal, that will never be utilized, for the rest of us...

Offline yuneeq

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Re: Car Lease v. Buying
« Reply #156 on: November 11, 2013, 12:08:42 AM »
The idea of leasing a car doesn't need to be validated. People enjoy driving new cars and they're willing to pay a premium for it. Period.
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Offline Barryg

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Re: Car Lease v. Buying
« Reply #157 on: November 11, 2013, 12:13:11 AM »
The idea of leasing a car doesn't need to be validated. People enjoy driving new cars and they're willing to pay a premium for it. Period.
I believe, that people believe, that they are getting a good deal/price by leasing, and would otherwise make frugal life choices like the famous temperature of the house manipulations to save money...
Unless they are so addicted to the little Nissan's and Honda's that they say it's a good price, even though deep down they are paying a premium for this supposed enjoyment of driving a new o.k. car...

Offline MEIR613

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Re: Car Lease v. Buying
« Reply #158 on: November 11, 2013, 12:15:40 AM »
The idea of leasing a car doesn't need to be validated. People enjoy driving new cars and they're willing to pay a premium for it. Period.
Agree with you 100%.

I feel a lot of people lease to take the easy way out instead of buying a car. It's easier to take on a couple hundred dollar payment a month, then shell out 10k+ (or however much it is if buying new or old).

So if you are not ready to buy this second and don't want to fall into the lease crime, COULD BE renting might be the way to go.

Again, each there own.

Offline Super Speed

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Re: Car Lease v. Buying
« Reply #159 on: November 11, 2013, 12:34:44 AM »
Agree with you 100%.

I feel a lot of people lease to take the easy way out instead of buying a car. It's easier to take on a couple hundred dollar payment a month, then shell out 10k+ (or however much it is if buying new or old).

So if you are not ready to buy this second and don't want to fall into the lease crime, COULD BE renting might be the way to go.

Again, each there own.
Financing can be the same as leasing and you need not shell out 10K up front.