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re: Advice about leasing a car?
Posted on 4/14/14 at 7:53 pm to 3nOut
Posted on 4/14/14 at 7:53 pm to 3nOut
In this case leasing is a great idea. I'd rather lease than buy because it is a higher end luxury car. These cars depreciate in value and become a pain for upkeep after four or so years. If I bought the car and financed it I'd have to pay for 48 to 60 months and by that time it would be a pain in my arse. Financing would also cost me much more per month.
If we were discussing a Honda, Ford, etc I'd understand why leasing is idiotic, but we aren't.
If you have a reason that supports why I shouldn't lease I'd love to here it.
If we were discussing a Honda, Ford, etc I'd understand why leasing is idiotic, but we aren't.
If you have a reason that supports why I shouldn't lease I'd love to here it.
4
Posted on 4/14/14 at 7:57 pm to YStar
quote:
If you have a reason that supports why I shouldn't lease I'd love to here it.
because you're throwing money away.
Posted on 4/14/14 at 7:59 pm to YStar
How old are you?
So, you're wanting a luxury car?
You want advice?
Don't lease a vehicle. Don't finance a vehicle. Don't add any debt to what you already have.
Do you have 6 months to a years worth of income saved?
Do you have zero balances on your credit cards?
Do you have student loans/loans paid off?
Do you have a nice chunk in 401k or investments?
Is your house paid for?
Do you have college funds set up for children?
How secure is your job?
I will need all of this information before I can give sound advice.
So, you're wanting a luxury car?
You want advice?
Don't lease a vehicle. Don't finance a vehicle. Don't add any debt to what you already have.
Do you have 6 months to a years worth of income saved?
Do you have zero balances on your credit cards?
Do you have student loans/loans paid off?
Do you have a nice chunk in 401k or investments?
Is your house paid for?
Do you have college funds set up for children?
How secure is your job?
I will need all of this information before I can give sound advice.
Posted on 4/14/14 at 8:11 pm to YStar
Sure go lease the high end luxury vehicle it's a great idea hell, get a time share on a florida vacation condo and play like you own that sucka as well.
pimp n' ain't easy!
pimp n' ain't easy!
Posted on 4/14/14 at 10:29 pm to YStar
All i can say is be very wary of the mileage limits per year. Some of the higher end lease vehicles like BMW etc, limit you to 10K miles a year. Dont know where you live, but in Atlanta you cant go to the grocery store without racking up 10K a year. Its an unworkable limit. Penalty is something like 20 cents a mile after. Which can get stupefying.
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