In his situation he said the payments are the same. Probably because he's

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Apr 16, 2014
10:17:30am

BYUHawk

leasing a new car vs buying a car 5-6 years old. I guess that could mean they span the same time period too.

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BYUHawk

Bio page: BYUHawk
Joined: Aug 13, 2011
Last login: May 13, 2024
Total posts: 6,913 (102 FO)

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Messages

Author

Time

Leasing New vs buying a 5-6 year old car for the same payments

cypresstx

4/16/14 9:27am

Annual mileage limits

kccougar

4/16/14 9:29am

Our mileage has been well below limits

cypresstx

4/16/14 9:34am

Yes, but don't leases usually only last three years (on average)?

BYUHawk

4/16/14 9:54am

Lease payments are much lower than a car payment. In a lease you're only making

Non-donor troll

4/16/14 10:08am

In his situation he said the payments are the same. Probably because he's

BYUHawk

4/16/14 10:17am

I think it depends on the used car. I bought one like that once and drove it for

PhilPete

4/16/14 9:34am

additionally, leased cars remain under factory warranty for duration of lease

jota

4/16/14 9:34am

With leasing you're guaranteeing yourself a car payment. The absolute best

sethfan

4/16/14 9:35am

this is true

jota

4/16/14 9:35am

We drive our cars till they're only good for scrap or kars for kidneys

Florwood

4/16/14 9:38am

I want a new car, but my 1996 SeVille will not die and I have a short commute.

QuinneyCoug

4/16/14 9:40am

Maintenance is usually far cheaper than a monthly payment

mudpupper

4/16/14 9:40am

I agree, but that is not as fun

JOPE

4/16/14 9:40am

This is the caveat. If you aren't motivated by the budget aspect and you would

sethfan

4/16/14 9:43am

Yup, buying an older car for cash is by far the smartest thing financially to do

JOPE

4/16/14 9:46am

There is also a cost associated with the downtime of the maintenance

cypresstx

4/16/14 9:49am

Sure, but how often does that happen? Once or twice a year?

sethfan

4/16/14 9:53am

The only timed I had repairs more than once every couple years is when I have ow

QuinneyCoug

4/16/14 10:00am

Honda and toyota's go 300k. In laws have a 2002 Accord with 210k miles

Mayor of Cougartown

4/16/14 9:38am

If you want a new car every few years and don't drive more than 15k miles a year

JOPE

4/16/14 9:39am

I leased for the 1st time recently - not a fan

trublulgc

4/16/14 10:37am

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