Kuwka_Atcha_Ratcha
Superstar
why not just buy what you can afford? and pay in cash? never understood this
Why do people FINANCE / LEASE cars?
- Thread starter Kuwka_Atcha_Ratcha
- Start date
Kuwka_Atcha_Ratcha
Superstar
buy a new one trade in the old one?
Kuwka_Atcha_Ratcha
Superstar
you end up spending more money in interest via finance.Why spend a lot of money to own depreciating assets?
I'm talking about leasing.
Lease the new one
1.Little liability
2. Let the dealership take the depreciation hit
Trade that in for another new one, rinse and repeat.
This is what smart rich people do
Kuwka_Atcha_Ratcha
Superstar
but you never own it, can't go over a certain amount of miles, for some can't even drive the car out the country with it. its like renting
Fade Runner 2049
Veteran
Leasing a car doesn't mean you can't afford it
Lol at thinking just buying and reselling a car every few years is smart, cars lose resale value
Lol at thinking just buying and reselling a car every few years is smart, cars lose resale value
Tenchi Ryu
Ashtray B!tch
shyt I'm about to jump on that wave.
Here, you can lease a Kia Soul for 77 dollars a month.
Here, you can lease a Kia Soul for 77 dollars a month.
EA
A Pound & A Prayer
The more money you earn, the less sense it makes to buy a car outright (especially if you have high taste). If you have GLE dreams, it makes more sense to drop £12k on a deposit then £500 p/m for 3 years than drop £65k from the start when it won't even be worth £50k a year later.
Kuwka_Atcha_Ratcha
Superstar
breh somethings in life you shouldn't buy with the veil of it being an investment.Leasing a car doesn't mean you can't afford it
Lol at thinking just buying and reselling a car every few years is smart, cars lose resale value
Reginald Noble
Banned
Depends on the situation. I'm not familiar with the financial details but if leasing allows you to return the car with no issues after you're done, I could see it working for a dude who lives in NYC and moves temporarily to an area where he needs a car to get around. Then when he goes back to NYC he returns the car and if it's cheaper than renting a car then it works. If car insurance is handled by the dealership and you just pay a higher monthly payment in exchange (i.e. 400-500 vs. 200-300 a month) and you handle ZERO insurance claims and they take care of everything then maybe it could be worth the headache. Again I'm not familiar with leasing so I could be wrong but if that is the case, I could understand the rationale behind why you'd lease instead of buying.
You're right about the mileage, but who really driving 15k+ a year in a luxury whip.
Most people who lease these types of cars has an everyday beater also
