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Thread: Auto lease options
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08-17-2019, 10:14 AM #26
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08-17-2019, 10:32 AM #27
^ at my house we call it wife math.
"Can't you see..."
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08-17-2019, 12:37 PM #28Good-lookin' wool
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But it’s 50% off!
> that’s 50% more than I wanted to spend
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08-17-2019, 05:22 PM #29Registered User
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Auto lease options
Anyone look into the car “subscriptions” Volvo was floating a few months ago? Seemed interesting. Lots of value I paying nothing except for gas
If you want to drive a brand new car for 2-3 years, I’m not really seeing the downside to leasing or a subscription when factoring in off the lot free fall in price and expensive maintenance.
But what do I know, I’m driving a 20 yr old Jeep into the ground
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08-17-2019, 06:07 PM #30
Pretty sure this is not based on a good financial decision
Move upside and let the man go through...
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08-17-2019, 07:00 PM #31
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08-17-2019, 07:08 PM #32
Leasing broken down HERE. Leasing 101: Should I lease a car?
Click. Point. Chute.
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08-17-2019, 07:14 PM #33
I drove a $2k bus for 10 years then a $12k F150 for 18 years, still own both because I’m sentimental over my rides.
I’m driving a ‘14 Grand Cherokee now, owe about $10k on it and it just turned over 100k miles so the clock is ticking. Once a car goes over 140k miles the depreciation drops dramatically because it turns into a cash car, no reputable bank or CU lends on vehicles with mileage that high.
At first I thought what the hell live a little and buy more than you need, new job in the industry might as well take advantage of the perks. But after looking at the numbers I’d be better off stashing the extra cash away for retirement so I’m probably going to end up buying used and get a loan through my CU.
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08-17-2019, 07:19 PM #34
Well. I strongly recommend a solara convert. They are really popular around here.
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08-17-2019, 08:08 PM #35
Toyota’s are too small and underpowered.
I can pick up this Fit for $11k, drive it for another 20 years but where’s the fun in that.
I’m tired of marrying up with cars, I tried to convince myself to spend some money and see if leasing is a good option but it not unless you want to drive a Civic. Back to the used whore market.
Last edited by mud; 08-17-2019 at 08:30 PM.
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08-19-2019, 04:32 PM #36
I’m coming up to 250k on my pilot.
Next yr I’m buying a used, and loaded, pilot/ or Highlander with 50k in the clock and will be giddy about it.
I’d lease an inexpensive car as a second car if I needed one. Or maybe for my kids so they don’t have expensive bills for me to pay, but it would be a leased civic, with no radio and roll down windows.
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08-19-2019, 07:42 PM #37
Civic’s are what started me down the lease wormhole.
They hold the best value over two to three years I could sell it for $2k to $3k over payoff. They don’t make them anymore with roll down windows, personally the EX and Sport hatchbacks are the most fun to drive. You can dog the hell out of them and still get 30+ mpg. Used are easy to pick up under $20k.
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08-20-2019, 12:56 PM #38
You don't buy expensive cars. Obviously a lease doesn't make sense.
If you bought expensive cars, it would. Not hard to grasp is it?
People who buy expensive cars every 1-3 years are different than people who drive a farted in Japanese econo box for 500k miles. Neither are wrong. They just like different things. If you like having a exotic or luxury vehicle then a lease gives the person more financial protection. I take it you have never tried to sell a luxury or exotic with a bad carfax?
Most people are payment buyers. Not cash.
You could probably save a ton of money just riding public transportation...
What's "hystrics"?Last edited by Bobby Stainless; 08-20-2019 at 01:26 PM.
"I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
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08-20-2019, 08:16 PM #39I drink it up
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^^ right.
There is nothing wrong with buying a fun or luxurious or cool car. We’re skiers. We spend money on extraneous shit as a hobby. Just recognize that anything over about $150/month is no longer justifiable as transportation need, but is instead transportation want.focus.
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08-21-2019, 06:13 AM #40
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08-21-2019, 06:57 AM #41"I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
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08-21-2019, 08:13 AM #42
you keep answering all the questions except the ones that are asked. Keep up.
"Can't you see..."
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08-21-2019, 09:05 AM #43
You can check it out at https://www.volvocars.com/us/shoppin.../care-by-volvo
The fact that you can swap cars every 12 months is REALLY appealing for those who like always being in new cars. It's also cool that you really don't have to worry about any maintenance or insurance.
That all said, it ain't cheap and if you crunch the numbers I'm really don't think the math pans out. Even taking the high depreciation you'd normally see on those cars into account. The monthly payments ain't cheap. Sounds hassle free and simple, which is worth the premium for many people, but I think I'd only go that route if I was just rolling in cash. For which I am not. Haha.
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08-21-2019, 09:06 AM #44
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08-21-2019, 09:59 AM #45
LOL. I'm not mad a bit. just amused.
"Can't you see..."
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08-21-2019, 04:17 PM #46Registered User
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08-21-2019, 05:49 PM #47
Yeah, Audi’s are nice but a bit too much car for me. Right now Honda’s and Toyota’s hold the best residual resale value but looking long term buying slightly used makes the most sense.
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08-22-2019, 04:43 AM #48
I hear Solaras are nice.
"I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
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08-22-2019, 01:47 PM #49
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08-22-2019, 04:28 PM #50Funky But Chic
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What about leasing with a buyout at the end? Is tht even a thing? I don't know shit about leasing but I'm kinda slowly turning around the idea of buying a Grand Cherokee. It seems like they are either great or terrible. If it was terrible it would be nice to have it be their responsibility, and if it was great it would be nice to keep it. Does this make any sense at all?
Yeah, buy a Toyota, I know.
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