Run the numbers. Leasing isn't very wise.

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May 17, 2018
9:46:59am

stev Walk-on

Run the numbers. Leasing isn't very wise.

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stev

Bio page: stev
Joined: Oct 19, 2015
Last login: Apr 17, 2024
Total posts: 2,431 (8 FO)

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Messages

Author

Time

POLL: Have you ever leased a new car?

IdahoCoug

5/17/18 9:45am

Run the numbers. Leasing isn't very wise.

stev

5/17/18 9:46am

Sorry Mr Ramsey. This is actually false. Leasing can make sense numbers wise

RdF3

5/17/18 9:47am

I'm not Mr. Ramsey, just someone who can use a calculator.

stev

5/17/18 9:53am

I'll trust my own analysis on this one. For the right people it makes a lot of

RdF3

5/17/18 9:55am

He's only partially incorrect. In some cases it makes sense, but it is more expensive overall than buying.

Pimpin4Paradise

5/17/18 9:55am

I haven't and don't intend to. I'm just following up on the previous discussion.

IdahoCoug

5/17/18 9:49am

Disagree. I don't see leasing a car, never paying for anything other than

OneUpper

5/17/18 9:51am

1. How are you going to sell it for more than you bought it for after 3-5 years?

stev

5/17/18 9:54am

At the end of a lease term there is a fixed purchase cost option the leasee can

OneUpper

5/17/18 10:00am

Or you take that $13,800 (3000+36*300) and buy a nice, reliable 2 year old car

stev

5/17/18 10:05am

Um, what 2 year old car are you buying for $13,800? Probably some boring

OneUpper

5/17/18 10:09am

This whole thread was about if it made financial sense.

stev

5/17/18 10:16am

So what happens when your transmission needs to be replaced 3 months out of

OneUpper

5/17/18 10:20am

if you need to replace a transmission on a 2 year old car, or even one that is 5

bald man

5/17/18 11:54am

It happens more than you think, even to the japanese car companies.

OneUpper

5/17/18 2:14pm

Yeah, you’ve made that pretty clear. *eyeroll*

stev

5/17/18 9:06pm

I'm not to convince you that sometimes leasing makes sense. That's fine.

OneUpper

5/17/18 11:20pm

Transmissions are designed to last 155K miles or longer. Sorry, but this is not

bald man

5/18/18 6:25am

It wasn't meant to be. It does happen, though. And because it does happen some

OneUpper

5/18/18 8:35am

Most vehicles have little to no equity at the end of the lease. Some (namely Trucks and SUVs) do, but all that means

Pimpin4Paradise

5/17/18 10:23am

Agreed. That's why you lease a vehicle that does have value after a lease.

OneUpper

5/17/18 10:31am

Repairs on a new vehicle are basically $0. The repair savings you're talking about are virtually non-existent.

Pimpin4Paradise

5/17/18 10:19am

The guy is arguing leasing vs buying used. not buying new. It's not savings.

OneUpper

5/17/18 10:23am

I'm talking about leasing new versus buying new. Both are very expensive options given the decrease in value the first

Pimpin4Paradise

5/17/18 10:25am

Agreed

OneUpper

5/17/18 10:27am

Unless you are wealthy enough you to be driving a new car every few years

RdF3

5/17/18 10:41am

What are you thinking he is buying? some Russian special?

bald man

5/17/18 11:56am

Generally, until you don't. Like how the new Nissan Titans still have terrible

OneUpper

5/17/18 2:15pm

I broke my finger once. 40 years ago. I shouldn't ever play basketball again.

bald man

5/18/18 6:27am

Yes, but I never will again

Saxa

5/17/18 9:47am

^^^Bingo^^^

CougarThug

5/17/18 10:21am

One time because it made sense for my work vehicle. But I doubt I'd run into the situation where I would do it again.

kccougar

5/17/18 9:51am

Many times. And probably will til I die.

BlueFrog

5/17/18 9:51am

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