buying/leasing ?
02-23-2004, 03:36 AM
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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.
Help needed please.
02-23-2004, 04:42 AM
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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
02-23-2004, 05:07 AM
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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.
02-23-2004, 08:01 AM
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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 ?
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 ?
02-23-2004, 12:37 PM
#5
Prodigal Wankler
Originally posted by vmiller6
Never lease cars. Most of your money goes to their stupid finance charges.
Never lease cars. Most of your money goes to their stupid finance charges.
- 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.
03-11-2004, 08:27 PM
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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.
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.
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