Yo I gots a question about leasing a car

Discussion in 'Blazers OT Forum' started by NJNetz, Aug 6, 2012.

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  1. NJNetz

    NJNetz BBW Banned

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    Do any of you lease a car? Better than buying an old used car? Advantages/disadvantages? Talk to me!
     
    NJNetz, Aug 6, 2012
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  2. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    buy a japanese car in cash.
     
    EL PRESIDENTE, Aug 6, 2012
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  3. MARIS61

    MARIS61 Real American

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    Unless you don't drive much, leasing is a fool's proposition.

    By coincidence I just passed 200,000 miles on my 2000 Nissan Xterra today.
     
    MARIS61, Aug 7, 2012
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  4. The_Lillard_King

    The_Lillard_King Westside

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    If you want to drive a newer car with little down payment, than there are some great lease deals going on.

    As mentioned, there are some mileage restrictions 800-1000 miles/mo. Also, if you plan on buying the car at the end, you want to pay attention to the residule amount.

    It's great for business purposes because the books on it are easier than buying and selling vehicles. For personal reasons, unless driving a new car every 3 years or so is a high priority for you, better to buy used.

    But think of it this way, with technology hitting the auto industry, vehicles can be technologically obsolete in 3-5 years. My fancy BMW is outperformed technology wise by a ford focus. Leasing every three years should give you low monthly payments and put you in a new vehicle every 3 years . . . thus keeping up with technology. You just never get any equity in the vehicle.
     
    The_Lillard_King, Aug 7, 2012
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  5. tlongII

    tlongII Legendary Poster

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    Leasing's alright as long as you don't mind monthly payments in perpetuity.
     
    tlongII, Aug 7, 2012
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  6. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    The problem with leasing is you are putting money down on a car you are not buying and then purchasing the right to make payments. Then, when the lease is up (and you haven't exceeded the mileage allotment or had so much has a scratch on it, you can take it back and still owe more then the full sticker price. Such a deal, huh?

    Leasing is best for professionals (doctors, lawyers...) who need a perpetual write off. And even then it's a ripoff.
     
    BLAZER PROPHET, Aug 7, 2012
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  7. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    say what you really mean.

    leasing is for "hood rich" crackaz who want a new car every 3 years so they can be ballin.
     
    EL PRESIDENTE, Aug 7, 2012
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  8. drexlersdad

    drexlersdad SABAS

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    leases are great if you can afford them, get a new car every couple years FOREVER
     
    drexlersdad, Aug 7, 2012
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  9. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Exactly.

    Nice to know people get it.
     
    BLAZER PROPHET, Aug 7, 2012
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  10. jlprk

    jlprk The ESPN mod is insane.

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    jlprk, Aug 8, 2012
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  11. DaLincolnJones

    DaLincolnJones Well-Known Member

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    Leasing is ok if you are looking at something the factory has a low rate on because the want to move them, The other factor is the lease end value factor, some vehicles are in the 50 to 60 percent range, others are as low as 30. PM me if you want, I can help point you in a dirrection with a little info.

    Leasing depends in what your tax situation is and what you want to lease
     
    DaLincolnJones, Aug 8, 2012
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