buying/leasing ?
 

Hey again, I am planning on getting an RX8 in less than a year and I saw a post about leasing... was just wondering what would the best way to go if I wanted to keep this car for 5+ years ? I was thinking of saving up half and borrowing the other half from my bank and pay it in full. I'm not very sure on how to do this and I might sound kind of silly, but I don't really trust in talking to a salesman about this kind of thing...

Help needed please.

Never lease cars. Most of your money goes to their stupid finance charges. I leased a 17000 dollar car and after 3 years of 250.00 a month and 2500 down they still wanted 11500 or so to pay it off. In a normal buy option I would have owed like 5000 or 5500 dollars. Just my .02

If you're planning to keep the car over 5+ years, I would definitely think buying would be the better option. I prefer to lease because a lease allows you to drive a more pricey car, but it's usually for a shorter term. Check out http://www.carbuyingtips.com to see the advantages of both. IMO, a lease is a better option but do the math before signing. And if math isn't your thing take someone who can crunch the numbers for you.

Oh... Oh that is nice.... I like this site already and im on chapter 1.
I doubt it will teach me about apr and that sort of stuff(im not very inclined with that)... has anyone had really good trade-in value cars and maybe now think they might have been a little shafted ?

• Never say never. Leasing is the perfect solution for some people, and the absolute worst for others - the trouble is that most prospective buyers don't do their research, and don't understand the pros and cons of leasing.
• No such thing as a stupid finance charge. Again, education is the key to understanding.

I found that leaseguide.com provides lots of excellent information in a very easy-to-understand format. Recommended reading for anyone considering a lease.

Leasing is perfect for some, not for others. Using a lease to lower your payment is good. But if you plan to keep the car for a long time, it is silly, because you then have to buy the car and get another loan. In some cases, however, you can get a good deal if the finance company messed up on the residual value.

As for me, I plan to keep the car for three years only. Then get another car. For that situation, leasing makes sense, because of the lower out of pocket expense.