Car Lease v. Buying

[semper fi]

Besides for excess wear and tear policies (damage waiver) has anybody gotten a tire policy as well?

Yea, I have a Tire and Wheel waiver.

[gavhaller]

Yea, I have a Tire and Wheel waiver.

Has it done you any good?

[semper fi]

Has it done you any good?

Didn't need to come on to it yet.
I know a few people that it was a lifesaver for after the winter snow , and all the potholes.

[YG]

Didn't need to come on to it yet.

Yiddish much?


איך האב נאך נישט גידארפט אנקומען צו דעם...

[smee123]

True. There is also mazal involved...

People don't realize that when you spend allot to lease you are not giving yourself the chance to have good mazzal.
Which plenty of people have with 5-10 yr old cars.
And you are talking about thousands of dollars over a few years...

[googwallet]

People don't realize that when you spend allot to lease you are not giving yourself the chance to have good mazzal.
Which plenty of people have with 5-10 yr old cars.
And you are talking about thousands of dollars over a few years...

+1

[ausome]

Im looking to trade in my car and get a new accord. any suggestions who has the best prices?

[yuneeq]

Just voted in the poll, a bit surprising that all 4 main options are within 1-2 votes.

[eliraps]

Will be needing to get my first car in a few months pg. Reading up here. To clarify: those, like Dan, who are vehemently against leasing, are advising to buy a new car and pay it up over a few years. Correct?

[MarkS]

Will be needing to get my first car in a few months pg. Reading up here. To clarify: those, like Dan, who are vehemently against leasing, are advising to buy a new car and pay it up over a few years. Correct?

Better value is buying a 1 year old car and financing it at 1.75%. When buying a brand new car you pay a premium to be the first person to drive it out of the lot. Let someone else pay that premium and shave a bunch of $$ off the price. 

I got a 6 month old car for 6K off the going price for new. It was a unique situation and not really replicate-able but you should be able to shave a few thousand off for being willing to not get a brand spanking new car.

[ual902]

I just Financed a Camery XSE 2016, I'm looking into long term and hopefully wont see the mechanic for a very long  time based on Toyot'a record, I hope I did the right choice  .

[Ergel]

Better value is buying a 1 year old car and financing it at 1.75%. When buying a brand new car you pay a premium to be the first person to drive it out of the lot. Let someone else pay that premium and shave a bunch of $$ off the price. 

I got a 6 month old car for 6K off the going price for new. It was a unique situation and not really replicate-able but you should be able to shave a few thousand off for being willing to not get a brand spanking new car.

I used to think like this, until I realized (or was made aware by Dan) how to negotiate a new car purchase.
With a new car, there are tens (hundreds!) of places to buy the exact same item. You can pit them against each other and get the lowest price available. Buying a used car, each item is unique, making it much more difficult to negotiate.

[Sport]

I used to think like this, until I realized (or was made aware by Dan) how to negotiate a new car purchase.
With a new car, there are tens (hundreds!) of places to buy the exact same item. You can pit them against each other and get the lowest price available. Buying a used car, each item is unique, making it much more difficult to negotiate.

But can you get the price close to what you would pay for a 1 or 2 year old car ?
I just financed a 13 camry with 12k miles for 14,000. In my mind 12k miles is the same as new and the year is mostly irrelevant. The only down side is the full warranty expires in 6 months. But  I shaved off at least 6k from a new car.

[skyguy918]

I used to think like this, until I realized (or was made aware by Dan) how to negotiate a new car purchase.
With a new car, there are tens (hundreds!) of places to buy the exact same item. You can pit them against each other and get the lowest price available. Buying a used car, each item is unique, making it much more difficult to negotiate.

Are you saying that based on experience? The basic 'stats' of a car are still the same. Negotiating for a used car is the same as for new. Biggest difference is that you'll feel like you did more negotiating for a new car because the starting point is that much higher than the realistic price you're gonna pay when compared with used cars.

[eliraps]

Why would someone but a new car and sell it after a year?

[MarkS]

Why would someone but a new car and sell it after a year?

Moving across the country (and doesn't realize how cheap shipping is),  getting a company car, getting a newer car, realizing the payments are too expensive etc

[Venilla]

Why would someone but a new car and sell it after a year?

I know a rich guy who doesn't drive a car more than 3 months...

[ya]

If I pay 179 for a camery that 6444 over 3 years and I get a new car every 3 years.  Buying u usually the car goes down more after 3yrs and 36k. And ur stuck with an older car.

[Ydad]

If I pay 179 for a camery that 6444 over 3 years and I get a new car every 3 years.  Buying u usually the car goes down more after 3yrs and 36k. And ur stuck with an older car.

6444+1350 due at signing

[ya]

6444+1350 due at signing

It's 1000 and first month.  And buying you pay tax for the whole car upfront.