Poll

Do/Would you Lease or Buy?

Only Lease.
64 (25.3%)
Only Buy.
62 (24.5%)
I judge both options and usually lease.
52 (20.6%)
I judge both options and usually buy.
58 (22.9%)
I don't have a car.
17 (6.7%)

Total Members Voted: 253

Author Topic: Car Lease v. Buying  (Read 66763 times)

Offline dovy2

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Re: Car Lease v. Buying
« Reply #540 on: July 12, 2020, 05:25:27 PM »
With minivan leases sky high now, I'm thinking of financing a used few-year-old car. any leads on where I can find a trustworthy dealer?

Offline Ays

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Re: Car Lease v. Buying
« Reply #541 on: July 12, 2020, 05:26:36 PM »
With minivan leases sky high now, I'm thinking of financing a used few-year-old car. any leads on where I can find a trustworthy dealer?
I've used icar in lakewood excellent service and stands behind his cars

Offline avromie7

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Re: Car Lease v. Buying
« Reply #542 on: July 13, 2020, 07:54:21 PM »
With minivan leases sky high now, I'm thinking of financing a used few-year-old car. any leads on where I can find a trustworthy dealer?
Lakewood Auto Sales.
I wonder what people who type "u" instead of "you" do with all their free time.

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Re: Car Lease v. Buying
« Reply #543 on: July 14, 2020, 06:54:46 PM »
Toms River Auto Sales. Doesn’t always have the car you’ll need in but super honest and well priced. 732-547-4337
Gowns By Shevy
732-806-1136
info@gownsbyshevy.com

Offline dovy2

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Re: Car Lease v. Buying
« Reply #544 on: July 15, 2020, 08:46:45 PM »
Anyone familiar with deals on wheels in Newark?.

Offline ZCN

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Re: Car Lease v. Buying
« Reply #545 on: August 11, 2020, 09:56:36 PM »
So I definitely am in favor for buying a car over leasing, but I'm wondering if there are cases where everyone would agree leasing is the better choice. Right now, used minivan's (2014-2017) are extremely hard to find - I've had cars I called about and then went to look at the next morning, only to find they sold overnight. I'm not sure why supply is so low right now, but I saw some good deals on some sites where you can take over a lease and I'm thinking things might be better in a year or so. Anyone have any insights to share?

Offline sruly

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Re: Car Lease v. Buying
« Reply #546 on: October 07, 2020, 09:19:18 AM »
What's the cheapest Minivan to buy new?
Any current deals? Can also be last years (or older) model?

Offline junion

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Re: Car Lease v. Buying
« Reply #547 on: October 12, 2020, 07:19:18 PM »
Used car prices are way up due to Covid. Does anyone with experience in the biz think they know when they will come back down?

Offline Kobe Bryant

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Re: Car Lease v. Buying
« Reply #548 on: October 12, 2020, 07:57:35 PM »
So I definitely am in favor for buying a car over leasing, but I'm wondering if there are cases where everyone would agree leasing is the better choice. Right now, used minivan's (2014-2017) are extremely hard to find - I've had cars I called about and then went to look at the next morning, only to find they sold overnight. I'm not sure why supply is so low right now, but I saw some good deals on some sites where you can take over a lease and I'm thinking things might be better in a year or so. Anyone have any insights to share?
Supply is low DTC.
They aren't manufacturing as many new cars and that affects the used car market.

Offline Kobe Bryant

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Re: Car Lease v. Buying
« Reply #549 on: October 12, 2020, 07:58:06 PM »

Offline sruly

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Re: Car Lease v. Buying
« Reply #550 on: October 15, 2020, 10:46:27 AM »
Lakewood Auto Sales.
are they negotiable at all from their price list or do they want the price on the list?

Offline avromie7

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Re: Car Lease v. Buying
« Reply #551 on: October 15, 2020, 10:53:14 AM »
are they negotiable at all from their price list or do they want the price on the list?
I've negotiated in the past. It really depends on the car, if he knows the car will be snatched within the week at his asking price he has no reason to give you a discount.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline teon00x14

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Re: Car Lease v. Buying
« Reply #552 on: October 15, 2020, 01:49:46 PM »
So I definitely am in favor for buying a car over leasing, but I'm wondering if there are cases where everyone would agree leasing is the better choice. Right now, used minivan's (2014-2017) are extremely hard to find - I've had cars I called about and then went to look at the next morning, only to find they sold overnight. I'm not sure why supply is so low right now, but I saw some good deals on some sites where you can take over a lease and I'm thinking things might be better in a year or so. Anyone have any insights to share?
Ultimately, the answer will depends to where you are and what car you want to buy or lease.  The timing also play a big part in the buy or lease equation too.  For example, i would usually buy minivan or subaru vehicles than lease.  Being from California with very attractive incentives for EV, the argument for leasing is very convincing.  Having high incentives and offers, along with a nice negotiated discount, will offset any depreciation hit on buying or leasing a new car compared to buying used.  Just dont expect a one size fits all answer.

As for your other question regarding supply, there are more demands for used car and that has driven the price up to 20% in certain markets.  Many tends to buy used during tough economic situation.  That'll dry up whatever available supply out there pretty quickly.  It'll cool down in the next month or two as the market stabilizes.

Offline avromie7

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Re: Car Lease v. Buying
« Reply #553 on: October 15, 2020, 02:09:13 PM »
Ultimately, the answer will depends to where you are and what car you want to buy or lease.  The timing also play a big part in the buy or lease equation too.  For example, i would usually buy minivan or subaru vehicles than lease.  Being from California with very attractive incentives for EV, the argument for leasing is very convincing.  Having high incentives and offers, along with a nice negotiated discount, will offset any depreciation hit on buying or leasing a new car compared to buying used.  Just dont expect a one size fits all answer.

As for your other question regarding supply, there are more demands for used car and that has driven the price up to 20% in certain markets.  Many tends to buy used during tough economic situation.  That'll dry up whatever available supply out there pretty quickly.  It'll cool down in the next month or two as the market stabilizes.
The shortage of new vehicles due to plant shutdowns earlier this year will also affect the used car market because people are extending their current leases.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline avromie7

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Re: Car Lease v. Buying
« Reply #554 on: October 15, 2020, 02:11:29 PM »
PSA: If you know someone giving back a lease on a car you're interested in, find out what the the residual is because especially now it can be below the used market value. If you are giving back a lease, it may make sense to keep the car and flip it if the residual is lower than the market value.
I wonder what people who type "u" instead of "you" do with all their free time.