Notices
RX-8 Discussion General discussion about the RX-8 that doesn't fit in one of the specialty forums.

Lease Vs. Buy

Thread Tools
 
Search this Thread
 
Rate Thread
 
Old 05-02-2008, 12:41 AM
  #1  
Registered User
Thread Starter
 
Cuda21o's Avatar
 
Join Date: May 2008
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
Lease Vs. Buy

I'm looking at getting an RX-8 in the next 6 months. I plan on autocrossing and rallycrossing it. I am worried about the maintenance issues and stressing the car too much doing these things as an owner. I would also have to be buying a car that is already used (around 25,000 miles) in order to fit my budget. Would leasing a new car for 48-60months with a good warranty be the best option for racing? I'm going to keep it all stock and run the BS class autox and SR rallyx. Has anybody had any previous experience with this?

Thanks,

Russell
Old 05-02-2008, 12:58 AM
  #2  
Registered User
 
23109VC's Avatar
 
Join Date: Jan 2007
Posts: 257
Likes: 0
Received 0 Likes on 0 Posts
last time i checked lease deals on rx8s they weren't all that great.

if you want an RX8, i think the best bang/buck is to find a low mielage used one and lowball the seller. you could find a nice 06 in the high teens. you can get a new sport for 20k...with current incentives...

the rx8 depreciates a lot, which makes it less attractive to lease.
Old 05-02-2008, 09:44 AM
  #3  
Registered User
 
mike73737's Avatar
 
Join Date: Mar 2007
Posts: 283
Likes: 0
Received 1 Like on 1 Post
Hmm... wouldn't a car that depreciates a lot be a better car to lease...?
Old 05-02-2008, 09:57 AM
  #4  
Registered User
 
Rems31's Avatar
 
Join Date: Sep 2006
Location: Mississauga, ON
Posts: 2,080
Likes: 0
Received 3 Likes on 3 Posts
Originally Posted by mike73737
Hmm... wouldn't a car that depreciates a lot be a better car to lease...?
The value of the car at the end of the lease would be lower and hence you have to pay more for the car's value in your lease payments.
So if the car costs 30K and depreciates to 10K after 4 years, then your lease payments are paying for the other 20K. But if the car depreciates less, say to 20K, then your payments are for the value of the 10K.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Digitz0070
Series I Aftermarket Performance Modifications
55
07-25-2017 08:40 PM
Steve Dallas
RX-8 Racing
10
10-07-2015 10:30 AM
Quiggs321
New Member Forum
19
09-30-2015 05:34 PM
drlubell
RX-8's For Sale/Wanted
0
09-26-2015 11:58 PM



You have already rated this thread Rating: Thread Rating: 0 votes,  average.

Quick Reply: Lease Vs. Buy



All times are GMT -5. The time now is 09:39 PM.