**** CARS: LEASE versus BUY ****

[bigbrother36]

I've been in the car business for almost 5 years now, so I can offer a professional viewpoint. While this question is somewhat dependant on your needs and future plans, in general, leasing is the better option. Here's why.

1. A car is a depreciating asset. In general, you want to own things that are going to appreciate and rent (lease) things that are going to depreciate. This is why you buy your home.

2. The "garbage" that nincomepoop mentions is irrelevant. If you plan to finance the vehicle, it belongs to the bank anyway. The good thing about leasing is that the bank is taking all the risk for the future market value, yet you are still able to capitalize on a profitable future situation. If you buy, the risk (1:1) of depreciation is all yours.

3. Most manufacturers offer leasing programs that charge a lower rate of interest than is commonly available for traditional financing (buy) options.

What vehicles are you considering? Why? PM me if you want any further help. I'll answer any questions you may have.

[surfinillini]

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What vehicles are you considering?

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Infinity G35
BMW 3 series
H3

a few others as well but you see where I'm going

[d-baggery]

lol, the H3 is the gayest car on the road.

[surfinillini]

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lol, the H3 is the gayest car on the road.

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always helpful

[Banks2334]

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lol, the H3 is the gayest car on the road.

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Surf, I have to agree. Go with the Infiniti or BMW.

[comix]

edmunds.com is your friend.

[bwana devil]

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3. Most manufacturers offer leasing programs that charge a lower rate of interest than is commonly available for traditional financing (buy) options.


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why does the interest rate really even come into play? youre dealing w/ two entirely different entities? i dont understand. why would a 5% interest rate on a lease be better when you dont own anything be better than a 6% finance when you own a $10k car at the end? you dont pay 10k in interest.

it seems most of what you wrote doesnt take into account a more critical factor such as how long someone is planning to own the car.

bwana

[Ineedaride2]

I think a lot of it depends on how many miles you're planning on putting on the vehicle.

[bigbrother36]

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it seems most of what you wrote doesnt take into account a more critical factor such as how long someone is planning to own the car.

[/ QUOTE ]
It sounds like you didn't read my post. I said "future plans"

The H3 is not the gayest car on the road. That is the HHR in that lavender color. 2nd is the Aztek. Third is the H3.

Buying a high line car is really -EV. You are better off leasing and using the exra cash to stake me to move up to 5/10. They depreciate faster than most other cars. Maintenance and repair costs can become astronomical as you reach higher mileages.

Above poster (bwana?) is misssing the point. Yes, after 5 years you own your 10k car. but if you lease, after 2-4 years you own the option to buy the car. If the option is better than market value then it's a good buy. If not, well that's obvious. Say at the maturity of the lease your residual on your G35 is 22k. Say the car is worth 18k. turn in the keys and the bank eats 4k. Go buy a similar one for 18k. leasing is the equivalent of the free card play.

BTW if that's how you wanna roll check out the Acura RL.

Also, edmunds.com can be your friend. Keep in mind their business model. They make money by getting you to request a quote and then selling your info to dealers. They are really [censored] towards dealers (their customers).

[surfinillini]

thanks big,

you've been awesomely helpful

now if you can now teach dbaggery how to not be a tool...