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Advice about leasing a car?
Posted on 4/14/14 at 6:12 pm
Posted on 4/14/14 at 6:12 pm
Anyone have any advice? Know someone who works at a dealership or work at one yourself?
Anything I should say or ask for? Any tips on how to get the best price/deal/etc?
Thanks in advance.
Anything I should say or ask for? Any tips on how to get the best price/deal/etc?
Thanks in advance.
5
Posted on 4/14/14 at 6:28 pm to YStar
My advice. Pay cash for a vehicle. Don't buy a brand new vehicle.
You're welcome in advance.
You're welcome in advance.
This post was edited on 4/14/14 at 6:29 pm
Posted on 4/14/14 at 6:30 pm to YStar
Don't lease. But go ask on the money board and you'll get a better answer.
Posted on 4/14/14 at 6:34 pm to diddydirtyAubie
The plan is to lease a 2013 with low miles (5,000 or so) so I don't have to play the extra for brand new.
Posted on 4/14/14 at 6:36 pm to YStar
Why are you leasing instead of buying?
Posted on 4/14/14 at 6:42 pm to YStar
quote:
The plan is to lease a 2013 with low miles (5,000 or so) so I don't have to play the extra for brand new.
This post was edited on 4/14/14 at 6:43 pm
Posted on 4/14/14 at 6:44 pm to YStar
Fascinating that people can still be lured into leasing an automobile...
A fool and his money soon part made the leap into the information age no problem.
A fool and his money soon part made the leap into the information age no problem.
Posted on 4/14/14 at 6:50 pm to YStar
quote:
The plan is to lease
You don't even have to finish the sentence. It's still a bad idea.
Posted on 4/14/14 at 7:02 pm to YStar
I would never lease a vehicle.
Posted on 4/14/14 at 7:21 pm to UMTigerRebel
Leasing is a terrible idea every time and twice on Tuesdays.
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.
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 8:06 pm to diddydirtyAubie
quote:
because you're throwing money away.
Explain how you're throwing money away?
I am not looking for a brand new 2014 model, I'm looking for a 2013 lightly used (nothing more than 8,000 miles) which has already seen it's depreciation value kick in.
If I financed the car and bought it paying for the next say 72 months, by the time I'm done paying it's value would have depreciated from 80,000 or so thousand to around 15-20,000 (no dealer will give you more for it). I would have to pay for the upkeep after the warranty as well.
In that span of 72 months, I could have three 24 month leases at around 20,000 per 24 month period, driving an updated model every two years, having zero upkeep costs.
Again, if I were buying a Honda or Ford, I'd agree that leasing makes no sense. However, in this instance it is not the case.
Posted on 4/14/14 at 8:08 pm to YStar
quote:
Explain how you're throwing money away?
I am not looking for a brand new 2014 model, I'm looking for a 2013 lightly used (nothing more than 8,000 miles) which has already seen it's depreciation value kick in.
If I financed the car and bought it paying for the next say 72 months, by the time I'm done paying it's value would have depreciated from 80,000 or so thousand to around 15-20,000 (no dealer will give you more for it). I would have to pay for the upkeep after the warranty as well.
In that span of 72 months, I could have three 24 month leases at around 20,000 per 24 month period, driving an updated model every two years, having zero upkeep costs.
Again, if I were buying a Honda or Ford, I'd agree that leasing makes no sense. However, in this instance it is not the case.
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?
This post was edited on 4/14/14 at 8:08 pm
Posted on 4/14/14 at 8:09 pm to Hawgeye
quote:
So, you're wanting a luxury car?
I'm trying to make an addition, yes.
quote:
You want advice?
I was actually hoping to get advice on actual leasing lol.
quote:
Don't lease a vehicle. Don't finance a vehicle. Don't add any debt to what you already have.
I am financial stable.
quote:
Do you have 6 months to a years worth of income saved?
I'm financial stable. My plan with the least is to go with who gives the best deal hopefully I get a low down payment or none at all.
I plan on paying at least a year of my lease up front.
quote:
Do you have zero balances on your credit cards?
I only have one. Yes.
quote:
Do you have student loans/loans paid off?
I was a scholarship athlete.
quote:
Do you have a nice chunk in 401k or investments?
quote:
Is your house paid for?
quote:
Do you have college funds set up for children?
quote:
How secure is your job?
I will answer all the above by saying I am financially stable and responsible.
Posted on 4/14/14 at 8:11 pm to YStar
After seeing you vaguely answer the above questions, I'll give you vague advice.
Broke people think ‘how much down and how much a month’. Rich people think ‘how much’. If you can’t pay cash for a car, then ride a bicycle. But don’t lease a car.
Broke people think ‘how much down and how much a month’. Rich people think ‘how much’. If you can’t pay cash for a car, then ride a bicycle. But don’t lease a car.
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 8:13 pm to YStar
quote:
I will answer all the above by saying I am financially stable and responsible.
Posted on 4/14/14 at 8:14 pm to Hawgeye
quote:
Broke people think ‘how much down and how much a month’. Rich people think ‘how much’. If you can’t pay cash for a car, then ride a bicycle. But don’t lease a car.
and boom goes the dynamite.
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