Do you Lease or Buy your Car .... and Which is Better ?

[MattyMatt]

lol,, matt,,, no rolls for me,, im a lincoln/buick guy,, my hope was to lease one this aug,,, but im flying to italy with my wife in sept for 17 days,, sooo , money,, and time will push me into oct,, but again,,, leasing in this context is fair,,, and i will probably use it,,

i will post accordingly when i do,,

Awesome! Enjoy the trip...those new Buicks are pretty sharp! My rents had a Skylark growing up and it was a great car that I loved. I've always wanted a Grand National, and would still consider one today if I could find one in great shape and not molested to death.

 

[boss415]

Yep, I said private owners, as in the private owner who wants to sell me and Illini his/hers used car, that I can easily walk into a bank or credit union as stated and get a loan for to buy. No stealership needed.

So what about my dads vette? Was he smart to take a loan to "own " the car? You are not half as smart as you think you are and I went on and on with you before until you finally admitted you lied about negotiating your moms residual. You dont have a clue yet you think you do so no more point in talking to you. Keep up the lies to make yourself feel smart there buddy

 

[MattyMatt]

So what about my dads vette? Was he smart to take a loan to "own " the car? You are not half as smart as you think you are and I went on and on with you before until you finally admitted you lied about negotiating your moms residual. You dont have a clue yet you think you do so no more point in talking to you. Keep up the lies to make yourself feel smart there buddy

No, I mistyped and corrected by saying negotiated the selling price and down payment, which can be done in a lease. You resorted to name calling, which is what people do when they can't intellectually comprehend and keep up. But, you're right with one thing, I don't want to go down this road with you again, it's a waste like numerous other posters said previously in that thread. I would love to keep the convo going with the rest of these folks in here though...good night.

 

[boss415]

No, I mistyped and corrected by saying negotiated the selling price and down payment, which can be done in a lease. You resorted to name calling, which is what people do when they can't intellectually comprehend and keep up. But, you're right with one thing, I don't want to go down this road with you again, it's a waste like numerous other posters said previously in that thread. I would love to keep the convo going with the rest of these folks in here though...good night.

Mis typed ? Uh huh. Answer the question about the vette. Was he smart to own ? I will have several examples of your mis typing for ya tomorrow smart guy. Thats what liers do they tell another lie and after they become true sociopaths they believe their own lies.

 

[MattyMatt]

Mis typed ? Uh huh. Answer the question about the vette. Was he smart to own ? I will have several examples of your mis typing for ya tomorrow smart guy. Thats what liers do they tell another lie and after they become true sociopaths they believe their own lies.

There are too many unknown variables about your dad's Vette, so who knows.

Sociopath? Yea that's me, living and loving life. Carry on...

 

[Illini]

We get that you only buy used but withoit going to a dealer and financinng you have to have the cash. Putting all your cash intonthe purchase of a car isnt exactly the best way to have your money work for you.

Your money is never going to "work for you" when buying or leasing a car. It's an expense, so the only thing to consider is paying the least you can for your preferences. You run the numbers on almost any special they run.....where they say hey, 0% and this is your monthly payment, or hey, you can lease for this......the lease is going to cost you more. Maybe in niche cars where you get screwed on every price like the example tater posted, it's better to lease by a fraction, but that is not common, nor is it convenient to have a nice car and not be able to drive it whenever you want, for fear of going over your allotted miles.

 

[boss415]

There are too many unknown variables about your dad's Vette, so who knows.

Sociopath? Yea that's me, living and loving life. Carry on...

I bumped the part where you "mis typed" You should sell cars cuz you talk through both sides of your mouth pos lier

 

[boss415]

There are too many unknown variables about your dad's Vette, so who knows.

Sociopath? Yea that's me, living and loving life. Carry on...

Are you really loving life? Ask yourself why you have to lie to feel smart

 

[boss415]

And Billy Bob there are no other answers or variables on the vette. If he leased it he would have walked away. Upside down is the term. But hey you negotiate residuals on leases so what do I know

 

[MattyMatt]

Are you really loving life? Ask yourself why you have to lie to feel smart

I think you forgot to insert another insulting name to call
me...man, I was really looking forward to it. Not.

 

[MattyMatt]

And Billy Bob there are no other answers or variables on the vette. If he leased it he would have walked away. Upside down is the term. But hey you negotiate residuals on leases so what do I know

Well I be damned, there's the name calling...Billy Bob? Damn that's the best you got, I was expecting something way better than that...

congrats for doing your part to ruin another thread...

 

[boss415]

Well I be damned, there's the name calling...Billy Bob? Damn that's the best you got, I was expecting something way better than that...

congrats for doing your part to ruin another thread...

Billy Bob is the nick name for guys that think they know it all but dont. I would be embarrassed about all the lies you tell but when you lie you want to believe it so bad. I didnt ruin shit. Guys that lie to try and look smart ruin shit Billy Bob

 

[JoeShmoe]

I always saved and paid in full. Used when I couldn't afford new. Then new. Looked at lease options always seemed scammy. Bank auto loans almost as bad. Be happy you are in the states. Here in Costa Rica I'm driving a ten year old Toyota Hylux that I could have bought in the US a brand new one for less money. Cars go for more than double here.

 

[Willie99]

Simple as this, same car same price same miles after 3 years. You leased it you can put zero down and pay half the payment for 3 years. You buy it and book drops you lose. You lease it you give it back if the book drops. If it is worth money you can sell it either way. Now explain why putting more out of pocket and having a higher payment with no choices after 3 years is the better choice.

it's not a horrible choice

economically it usually costs more to lease, but not by such a significant amount that it makes leasing some sort of deplorable option, too many over the top black and white conclusions being offered

not many people have run the numbers more often than me

there are a few situations when leasing actually makes more sense "economically"

every buy out I've had first hand experience with are not negotiable at the end of the lease term, you have to pay what's in your contract and that's not usually a good option

and lastly, I'm not sure why "personal preferences" are such a hard concept to grasp for some. It applies when buying a vehicle as much as it does with everything else in life.

 

[Willie99]

Here's an article that I think hits the nail on the head, although it doesn't cover every variable. I view buying a car as a personal preference, they're not investments. If it comes down to strictly economics, leasing a car usually costs a little more over the term of the lease (not talking about cash flow, that's always less). If you drive a car until it dies, obviously buying a reliable car will cost you far less than leasing new cars for the 10 to 15 years you own the car you purchased. But if you want a new car every few years, that advanatge is off the table.

Cars are not an investment, but if you want to make it one, then buy a used stripped down shit kicker and drive it until it dies.

Every option is available to you, it's your choice.
-----------------------------------------------------------------------------------------


Is leasing a car right for you? This question is hard to answer. It really depends on your lifestyle and your preferences.
Certain lifestyles may work better with leasing than others. For instance, if you entertain business clients, leasing allows you to drive a luxury vehicle for less money (and there may be a tax write-off for certain professions). Other people just like to drive a brand-new car every two or three years. So ultimately, leasing isn't only a dollars-and-cents question — it's about personal tastes and priorities.
However, for some people, everything is a dollars-and-cents issue. If you are one of those people, or would just like to see how leasing a car stacks up against buying, we suggest you try our Auto Loan and Auto Leasecalculators. After selecting a car, you can see an estimated leasing payment, an estimated loan payment and which financing method is recommended. Furthermore, you can see how your payment will change if, for example, the length of the loan is extended or the down payment is increased.
Pros and Cons of Leasing a Car
The lists below summarize the pros and cons of leasing vs. buying.
Advantages of Car Leasing

• Lower monthly payments
• Lower down payment
• You can drive a better car for less money each month.
• Lower repair costs (With a three-year lease, the factory warranty covers most repairs.)
• You can more easily drive a new car every two or three years.
• No trade-in hassles at the end of the lease
• You pay sales tax only on the portion of the car you finance.

Disadvantages of Car Leasing

• You don't own the car at the end of the lease.
• Your mileage is limited to a set amount, typically 12,000-15,000 miles a year (excess miles are paid for at the lease termination).
• Lease contracts are confusing.
• Leasing is more expensive in the long run (as opposed to buying and driving until the wheels fall off).
• Wear-and-tear charges can add up (paid at lease termination).
• It's costly to terminate a lease early if your driving needs change.

Advantages of Car Buying

• Pride of ownership — you can modify your car as you please.
• Car buying is more economical in the long run unless you buy and trade-in regularly.
• No penalty for driving excess mileage
• Increased flexibility — you can easily sell the car whenever you want.

Disadvantages of Car Buying

• Higher down payment is generally required.
• Higher monthly payments
• You're responsible for maintenance costs once the warranty expires.
• Trade-in or selling hassles when you're ready to get rid of your car
• More of your ready cash is tied up in a car, which depreciates, rather than an investment that appreciates.

Summary
In a nutshell, leasing makes it easier to get more car for less money. You are essentially paying for a portion of the car, instead of buying the entire vehicle. So, like many things, leasing looks great in the short run. But if you take the long view of economics, you will see that leasing will eventually be more expensive. It is more costly because once you begin leasing, you wind up leasing again. This means you will always have a car payment and never own anything.
Now consider the person who buys a car. At the end of five years of car payments, the car now belongs to him or her. It might not have much value on the open market, but if you're willing to drive it for several more years, it becomes nearly free transportation until the wheels fall off.
It is ultimately up to the smart car buyer to weigh the pros and cons, determine what their needs are, and what best suits their lifestyle.

 

[5teamparlay]

We are all gamblers here


buy older cats with cash

liability only Bare Min insurance and mile the crap out of these cars.

True gamblers drive old model cars that are paid off.

 

[halekulani]

still driving my 2005 bmw

new cars every 3 years is what is fucking wrong with america
no wonder our planet is gonna die.

 

[road2perdition]

Leasing is the way to go. No repairs and nowadays you can lease for next to nothing. Why buy an overpriced new car. Been there done that. Fuck it. Somebody said buy old used cars and drive till they die out but those used cars are cash guzzlers. Always some nuisance of a repair needed. If parts for that particular car are expensive it's even worse.

Lease a brand new car and no fuss no stress. That's the way to go.

 

[5teamparlay]

Leasing is the way to go. No repairs and nowadays you can lease for next to nothing. Why buy an overpriced new car. Been there done that. Fuck it. Somebody said buy old used cars and drive till they die out but those used cars are cash guzzlers. Always some nuisance of a repair needed. If parts for that particular car are expensive it's even worse.

Lease a brand new car and no fuss no stress. That's the way to go.

Do you have a 10 mile round trip to work..?
Do you have a sig other? Do you lease 2 cars lol?
Do you like paying full coverage on your CARS (plural)?



i have a cheap mechanic-
if you buy cars right you can drive them for almost free.
i buy at auction and avoid the dealers, many good deals can be found from private owners likewise.

 

[Willie99]

It's still a lifestyle choice, just like everything else we choose to do. Only you can decide what you want