Please Scroll Down to See Forums Below VicTusDeuS
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I want to lease a car thats selling for about $30,00.00 Anybody have any Idea how much a month it will cost me about with as little down as possible.
Anyone Know About Auto Leases
- Thread starter VicTusDeuS
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finabomber
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powerforward
Well-known member
Leasing is just like buying in that your payments will be based on loan amount/length of term/ and most importantly credit score.But to get an idea go to chevrolet.com I think they have a payment calculator based on lease/purchase/ or smartbuy.
K
KAYNE
Guest
I KNOW THAT IF YOU ARE NOT RICH, A LEASE WILL DO NOTHING BUT FUCK YOU!!!
ALL THE ATHLETES I KNOW LEASE ALL THERE SHIT BUT IT MAKES SENSE FOR THEM. NOT FOR NORMAL FOLKS.
KAYNE
ALL THE ATHLETES I KNOW LEASE ALL THERE SHIT BUT IT MAKES SENSE FOR THEM. NOT FOR NORMAL FOLKS.
KAYNE
HappyScrappy
New member
all depends on who the lease is through. some car companies will do some great lease deals - other times you will see shops that lease used high end luxury cars and will fuck over the person leasing.
the whole point of a lease is that you pay less for some amount of time (usually 1 year, 3 years, and *maybe* 5 years). then after that time, you give it back to them and they try and sell it as used. so they want it in very good shape and with low miles, so you are usually limited to 10K, 12K, and 15K (miles per year) for those and the some peanalty amount for each mile over that. I've seen as low as $.08 and as high as $.60.
my car is leased (the car I have tends to have great lease deals and in this city the car gets fucked on the roads - twisted, so it is nice to hand in a trashed frame at the end of the term). When I got mine it was going for like $28-34, I don't recall exactly. I had to put just over $3K down and my lease is $399 a month.
the whole point of a lease is that you pay less for some amount of time (usually 1 year, 3 years, and *maybe* 5 years). then after that time, you give it back to them and they try and sell it as used. so they want it in very good shape and with low miles, so you are usually limited to 10K, 12K, and 15K (miles per year) for those and the some peanalty amount for each mile over that. I've seen as low as $.08 and as high as $.60.
my car is leased (the car I have tends to have great lease deals and in this city the car gets fucked on the roads - twisted, so it is nice to hand in a trashed frame at the end of the term). When I got mine it was going for like $28-34, I don't recall exactly. I had to put just over $3K down and my lease is $399 a month.
Fast Twitch Fiber
New member
Don't lease. All leasing does is allow you to drive a car that you can't really afford to buy. When the lease is up you have nothing to show for it except a huge bill for every tiny little scratch and for every single mile over 12k per year.
Buy a Chevy Cavalier instead!
Buy a Chevy Cavalier instead!
HappyScrappy
New member
Fast Twitch Fiber said:
technically that is failed logic - but it is true that you will see a lot of people leasing cars that they couldn't normally afford to buy.
oil baron J Paul Getty said buy that which appreciates in value and lease that which depreciates. Houses appreciate in value - so buy it - a car depreciates (unless it is a collectible like the old Vettes perhaps) - so lease it.
(technically that too is failed logic for a person - holds more true for a business that has large euipment costs)
HappyScrappy
New member
lol - what is a garlic freak keeper?
C
Code
Guest
DO yourself a favor. Instead of financing or leasing a car. Take the amount you'd spend per month, put it in a bank and get 7-12% on it.
After 4 years you will have enough to buy the buy outright. It makes no sense to finance something that doesn't gain value.
I buy a new car every 5-6 years this way. It's not a fancy car, this time I bought a GMC Envoy SLT.
After 4 years you will have enough to buy the buy outright. It makes no sense to finance something that doesn't gain value.
I buy a new car every 5-6 years this way. It's not a fancy car, this time I bought a GMC Envoy SLT.
VicTusDeuS
New member
I know all this, I was a finance major. I cant stand putting money into cars (just spent $600.00 on brakes) because I know i'll never see half that money again. (if im lucky)
But......Because of my job- write offs are a mans best friend. I am basically considered self employed in a way and every last mile driven and every dollar spent I can write off for tax credit . Depending on how much money I actually make leasing can be beneficial to me....alot more than actually buying a car and I have the option to get rid of it when something better comes along. If i didnt have the option to write things of I def. wouldnt go with leasing, but for people who have their own businesses it can actually be a help.
My old boss leased a CLK for 0 down and $630/month for 39 months. Considering the tax benefit he got from it, it helped him out a bit..
Good luck finding a consistant 7% now code...I recently bought a CD with 4.5% maturing in Sept which is pretty good since most 2-3 year Cd's were under 4%
But......Because of my job- write offs are a mans best friend. I am basically considered self employed in a way and every last mile driven and every dollar spent I can write off for tax credit . Depending on how much money I actually make leasing can be beneficial to me....alot more than actually buying a car and I have the option to get rid of it when something better comes along. If i didnt have the option to write things of I def. wouldnt go with leasing, but for people who have their own businesses it can actually be a help.
My old boss leased a CLK for 0 down and $630/month for 39 months. Considering the tax benefit he got from it, it helped him out a bit..
Good luck finding a consistant 7% now code...I recently bought a CD with 4.5% maturing in Sept which is pretty good since most 2-3 year Cd's were under 4%
Fast Twitch Fiber said:
HappyScrappy
New member
joncrane said:
LOL - ahh yes.
the People's Champ
New member
VicTusDeuS said:
VicTusDeuS
New member
I meant deduction lol....I was half knocked out on periaction as i am now and wasnt thinking...I just went with what everI could think rolled off my tongue the best at the time.
K
KAYNE
Guest
CODE
CAN YOU PLZ INFORM ME WHAT BANK IS GIVING YOU A 7-12% RETURN. I WOULD LIKE TO PUT SOME MONEY IN THAT BANK. T- SECURITIES ARE ONLY GETTING MAYBE 4.5% RIGHT NOW. SO I WOULD LIKE TO KNOW JUST BY PUTTING MONEY IN THE BANK (AS YOU SAID TO DO) WOULD YIELD 7-12% BACK TO ME.
KAYNE
CAN YOU PLZ INFORM ME WHAT BANK IS GIVING YOU A 7-12% RETURN. I WOULD LIKE TO PUT SOME MONEY IN THAT BANK. T- SECURITIES ARE ONLY GETTING MAYBE 4.5% RIGHT NOW. SO I WOULD LIKE TO KNOW JUST BY PUTTING MONEY IN THE BANK (AS YOU SAID TO DO) WOULD YIELD 7-12% BACK TO ME.
KAYNE
VicTusDeuS
New member
and that 4.5% is long term...what happens if the market rebounds to 10,000+++ again or interest rates go up within the next year.
KAYNE said:
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