Leasing vs buying help me out

[ThumpDaddy]

The only way I would lease a car is if I was trying to stack some money up and have a dependable car. I would get on one of those deals where it's like $179 a month and stack my paper up and when the lease is up, I would either go ahead and pay for the rest of the car cash or get something that I really want.

 

[Brooklynzson]

you can also lease and buy the car after the lease is up. Nothing wrong with leasing just do your research.

You end up paying damn near double for the car.

 

[TLR Is Mental Poison]

You end up paying damn near double for the car.

No disrespect to da gawd, but the way leasing is calculated, if you buy the car afterwards it costs the same as buying it new. You basically stretch your payments out, and know EXACTLY how the car was "used" before you "bought" it. If you are OK w/keeping a car for 6-10 years that will actually lower your annual ownership costs a good clip

Really doe there is no rationalizing buying a new or slightly used 5... thats like an $800/mo car note and crazy depreciation. Even with a lease its prob gonna be a good $600 or so a month. And once it gets out of warranty maintenance gets hectic. Anyway you slice it is an L, the ownership experience sucks.

 

[Brooklynzson]

No disrespect to da gawd, but the way leasing is calculated, if you buy the car afterwards it costs the same as buying it new. You basically stretch your payments out, and know EXACTLY how the car was "used" before you "bought" it. If you are OK w/keeping a car for 6-10 years that will actually lower your annual ownership costs a good clip

Really doe there is no rationalizing buying a new or slightly used 5... thats like an $800/mo car note and crazy depreciation. Even with a lease its prob gonna be a good $600 or so a month. And once it gets out of warranty maintenance gets hectic. Anyway you slice it is an L, the ownership experience sucks.

I'm going off of what happened to someone i know. She dropped $5000 down to lease a toyota camry for 4 years at about $279+ a month i think. So that equals to $18k+, when it was time to turn it in, these nikkas told her $15k or some crazy ass shyt like that to buy it I asked dude does that make any sense? A camry is only like $20k brand new, why the fukk would she pay $33k+?

 

[TLR Is Mental Poison]

She just didnt run the numbers

I put it like this. A new 328i has lease offers for $399/36 months + $3000 down. Thats $17K. It costs about $40K new? 3 year old 3 series are going for about $24-26K retail. So if you leased + then bought (and your credit was rite) it would be like $43K plus whatever interest you had on the loan over 6-8 yrs. As opposed to buying and paying $40K + interest over 3-5 years

Its all about the #s brae, your friend got fukked, they prob roped her in with a low payment.

 

[CJ]

Exactly, it's all about the residual/money factor numbers, and the vehicle itself plays a very big part. The problem I find is people who can't really finance, get into leasing cause manufacturers do a great job advertising "$199/month lease!"

Rule of thumb: If you can't afford to finance, you definitely can't afford to lease.

 

[TLR Is Mental Poison]

^^^And if your credit's bad you are gonna get fukked either way

Really really really if you want to save money buying a car... get something 5-10 years old... replace it every 5 years. An 03 Accord or even an 03 Lexus is still a solid car, its got a few years left.

 

[CJ]

Most definitely, but people want the latest body style/tech/warranty, etc etc.

I agree with you though. Great part with something atleast 5 years old is the depreciation starts leveling out to the point where you could even drive it for a year and depending on the mileage you do, could flip it for the same money and barely lose a dime, lol.