Anyone Know About Auto Leases

[HappyScrappy]

lol - what is a garlic freak keeper?

 

[Code]

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.

 

[VicTusDeuS]

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%

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!

 

[Lumberg]

lol - what is a garlic freak keeper?

happyscrappy is a garlic freak keeper. I remember a while ago you said something about your "gf"--garlic freak right?

 

[HappyScrappy]

happyscrappy is a garlic freak keeper. I remember a while ago you said something about your "gf"--garlic freak right?

LOL - ahh yes.

 

[the People's Champ]

(just spent $600.00 on brakes)

 

[mrbill]

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 .

Vic, I don't know the details of your employment, but assuming you qualify, you will not get a credit for your auto expenses. You will get a deduction. A deduction is very different than a credit.

 

[VicTusDeuS]

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.

 

[KAYNE]

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

 

[VicTusDeuS]

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.

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