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May 17, 2018
10:05
:09
am
stev
Walk-on
Or you take that $13,800 (3000+36*300) and buy a nice, reliable 2 year old car
and you actually have something to show for it after 3 years.
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stev
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stev
Joined
Oct 19, 2015
Last login
Apr 25, 2024
Total posts
2,434 (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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