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| Forums > Talk About It! > Hobbies and Interests > Automotive > Anybody here lease their vehicles? | ||
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#1 |
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Banned
Join Date: Jan 2011
Posts: 344
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Anybody here lease their vehicles?
My brother does. Although I never considered it before, his math is convincing.
Neither of us are good with our hands, therefore dealing with maintenance bullshit is a huge hassle. We have no idea whether or not we are being scammed by the inevitably lying garage (I know, I know. This is where everyone pretends they have a "guy" who would never lie to them, etc. etc. etc. *insert alpha male posturing here*). My bro changes the oil every five thousand miles or so with zero other bullshit, zero down, and drives a new car every three years. Anybody else lease? I'm considering it.... |
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#2 |
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I'm on probation.
Join Date: Oct 2007
Posts: 427
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Only way to go bro
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#3 |
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Pimpin witch hoes
Join Date: Aug 2009
Posts: 2,368
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Its a good route for some people who fit into a certain category of driver.
If you've been buying a new vehicle as soon as you pay off the note on your current vehicle and you drive less than ~15,000 miles a year. Than I'd say that leasing is a good option for you. Me personally, I'm a broke fellow, so I only buy a vehicle that I know I can put some miles on and then sell it for nearly what I bought it for. One time I drove a car for 4 years and sold it for more than what I paid for it. But I know how to work on vehicles, so if something like a water pump or alternator or power steering pump breaks I can fix it. |
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#4 |
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"Be the change you wish to see in the world"
Join Date: Feb 2007
Posts: 817
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What are some numbers, e.g?
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#5 |
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Medicinal Advocate
![]() ![]() Join Date: Aug 2007
Location: wandering further down the path less travelled
Posts: 24,474
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you can lease a shit box w/4 cylinder for $160 per month, personally I drive nicer cars so.......
$2500 down & 250 per month for 36 months = $11,500 bucks you're shelling out every 3 yrs. do NOT bring back a car w/any parking lot dings in it or you're paying for bodywork @ dealership prices, same w/the interior. do NOT return your lease car w/any extra mileage on it or pay dearly a per mile fee. they expect you to bring them back the car exactly as you got it. you WILL buy the best insurance you can costing you more. it's a friggin' racket, expect them to hit you w/a fee wherever possible. |
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#6 | |
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shut the fuck up Donny
Join Date: Dec 2007
Posts: 1,454
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Quote:
![]() If you drive less then 15k (or even better, less then 12k) and want to have a new car every 3 years then this is one option. Also popular for people who have asset protection in mind. If you drive more then 15k a year, leasing just doesn't work so your gonna want to buy a car. Buying is better financially if you can afford it. |
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#7 |
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Banned
Join Date: Aug 2010
Location: In the back of your mind
Posts: 1,238
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I drive an old hand me down mercedes.
Gas guzzler but reliable. Pay the mechanic less than $2k a year to keep me rolling. Invincible to a Mack truck. Low profile. You can get a great one for less than $5k |
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#8 |
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Power Armor rules
Join Date: Mar 2006
Posts: 2,595
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I currently lease my vehicle, but plan on buying once the lease is over. It's nice to have a new vehicle with all the warranties, but in the end you pay much more. It's smarter financially to save up and pay for a vehicle in full or put down a large down payment, thus making the remaining payments lower.
-Funk
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Many people would sooner die than think; In fact, they do so. Bertrand Russell |
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#9 |
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in my own head
Join Date: Jun 2010
Location: Land of Kings
Posts: 105
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I have a couple of cars i dont drive much that are paid for.I don't want the payments.
Seems a waste unless you need some fancy car for work.
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Never forget where you come from, you may need to go back someday |
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#10 | |
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Senior Member
Join Date: Sep 2005
Posts: 1,546
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Quote:
That is just it...You have to be a on a hair-trigger and probably have to re-lease another car and then they won't charge not even alot for the body work and other related costs unless you keep re-leasing their cars and plan to keep that one last car in the garage spotless just to be safe from your last car you're going to lease spotless. I shopped for a car one time and then was told they leased about 70 percent of their cars off their lot.Pretty skeptical.So I bought one that lasted 6 years and wrecked it and got full coverage and figured I paid $4,500 for the car for 6 years or all my insurance money back for 6 years because I paid off the car in 3 years. Own a car.Whatever your Brother does..do the opposite. lol |
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