Am I getting raped on this lease???

[jenscats5]

Not when your spending $500 a month on a fucking car payment? Give me a break. Plus insruance? and all the other shit that goes with owning a car. Buy something that is reliable with in your means if you really must have a car don't waist you money on a lease of some SUV or yuppy ride like a beamer.
I bet NJ could get a buy a civic with half the car payments own it out right in 4 years and the dam thing would run for at least 10 if takin car or properly. I just don't see the value in leasing so you can keep up with jones every 3 years?

QT - I worked for a leasing/finance company for 12 years - YES the cost of the lease payments for a particular lease as compared to financing often DOES cost less.......Many business people also lease cars as they can deduct a lease payment while a finance payment cannot be deducted.....

If you choose not to believe me, well then, that's up to you.....

Leasing a vehicle has nothing (all the time) to do with keeping up with the Joneses.....

And it's "waste".....

 

[foreigngirl]

QT - I worked for a leasing/finance company for 12 years - YES the cost of the lease payments for a particular lease as compared to financing often DOES cost less.......Many business people also lease cars as they can deduct a lease payment while a finance payment cannot be deducted.....
If you choose not to believe me, well then, that's up to you.....

Leasing a vehicle has nothing (all the time) to do with keeping up with the Joneses.....

And it's "waste".....

I can testify this to be true, cause we deducted the lease and cant deduct the finance/purchase

 

[superqt4u2nv]

QT - I worked for a leasing/finance company for 12 years - YES the cost of the lease payments for a particular lease as compared to financing often DOES cost less.......Many business people also lease cars as they can deduct a lease payment while a finance payment cannot be deducted.....

If you choose not to believe me, well then, that's up to you.....

Leasing a vehicle has nothing (all the time) to do with keeping up with the Joneses.....

And it's "waste".....

Does NJ have his own business? Is he righting it off? Yes leases have there place for some but for the most part I see it as a way for people to live beyond there menas.

 

[velvett]

Not when your spending $500 a month on a fucking car payment? Give me a break. Plus insruance? and all the other shit that goes with owning a car. Buy something that is reliable with in your means if you really must have a car don't waist you money on a lease of some SUV or yuppy ride like a beamer.
I bet NJ could get a buy a civic with half the car payments own it out right in 4 years and the dam thing would run for at least 10 if takin car or properly. I just don't see the value in leasing so you can keep up with jones every 3 years?

I think it's all relative to the person, their pockets and their personal priorities.

If you never own a car for more than 3 years and you have your own business why pay double for a car that you don't intend to keep anyway?

A $25,000 car is like $500 a month to purchase.
A $40,000 car is like $475 a month to lease for 3 years and all the car services are included.

(NY leases have changed a lot and while they may be called a lease they do have a balloon purchase - but that's another story)

I leased my Yuppie car and ended up buying it - not the greatest move financially but I did get a great rate and I did pay 4k under "list price" so all in all I didn't do too badly. If I didn't love my car so much and could find another car to get all hot and bothered over and not be totally out of my price range I'd lease again - even with a balloon payment.

 

[jenscats5]

Does NJ have his own business? Is he righting it off? Yes leases have there place for some but for the most part I see it as a way for people to live beyond there menas.

Since he didn't post that information in this thread, I can't begin to speculate on that.......

Sounds to me you've made up your mind, regardless of the information or education you're given on this topic..... stick with what you're comfortable with then.....

 

[jenscats5]

I think it's all relative to the person, their pockets and their personal priorities.

If you never own a car for more than 3 years and you have your own business why pay double for a car that you don't intend to keep anyway?

A $25,000 car is like $500 a month to purchase.
A $40,000 car is like $475 a month to lease for 3 years and all the car services are included.

(NY leases have changed a lot and while they may be called a lease they do have a balloon purchase - but that's another story)

I leased my Yuppie car and ended up buying it - not the greatest move financially but I did get a great rate and I did pay 4k under "list price" so all in all I didn't do too badly. If I didn't love my car so much and could find another car to get all hot and bothered over and not be totally out of my price range I'd lease again - even with a balloon payment.

Several leasing companies have also chosen to no longer execute leases in NY state due to the state making laws that make the leasing company liable in an accident as opposed to the driver of the car.....

 

[velvett]

Several leasing companies have also chosen to no longer execute leases in NY state due to the state making laws that make the leasing company liable in an accident as opposed to the driver of the car.....

Yep.

Ah well.

 

[digger]

Only time I ever leased a car, it seemed like a reasonable deal; I lived close to mass transit. Then my company asked me to start commuting... to Connecticut.

From New Jersey.

Oops.

They gave me a nice bonus to pay back the excess mileage, but it did teach me something about the virtues of ownership. Could have used the bonus to buy a beater to rack up those miles, 'cept it came after the fact.

 

[stilleto]

i think it depends on your priorities. For me, I had a large sum of money to put down but didn't want another big bill or money sitting in my back that would be wasted on something else, so i bought my car in full instead of leasing.

if style is important for you and you think leasing is the way to go for a luxury car.... go for it.

 

[The Shadow]

I ordered a new car, 330i BMW. With the specs I wanted the msrp ws 40170.


this is the lease deal I got. $480mo 36mo 12k miles/year. 1500 out the door at signing.

I'm sure this has been covered, but:

the 480.00 in and of itself isnt bad.

I'm assuming its open ended??

Refundable damage deposit??

Is the lease tax write off for work??

Is the dealer including scheduled servicing(despite what is advertised, some dealers do not)




Totally an individual thing.