Thinking of leasing a car for the first time, any advice?

[Dead Money]

I usually trade in every 2 years and take a bath... figure I would get something cool.

Payments would easily equal out the loss of depreciation I figure...

Are payments negotiable? Terms?

thanks in advance....

 

[The Joker]

I usually trade in every 2 years and take a bath... figure I would get something cool.

Payments would easily equal out the loss of depreciation I figure...

Are payments negotiable? Terms?

thanks in advance....

You have a very appropiate username for what you have just described. Holy fucking shit! You trade every two years? You buy a new car everytime? You must be a madjack millionaire. (or at least you hate money)

 

[Dead Money]

You have a very appropiate username for what you have just described. Holy fucking shit! You trade every two years? You buy a new car everytime? You must be a madjack millionaire. (or at least you hate money)

Life's been good to me (for the most part)....:toast:

 

[Snafu]

try to negotiate everything on it, insurance, services, tyre wear, new car every year etc

find out if you can do tax deduction if you use it for work

i know different country and tax system, but i have used mostly
leased cars because of tax deduction and cars loss in value.

after all it's just a tool to move around :0003

 

[zoomer]

Negotiate nothing out of pocket. No down payment, no acquistion fees, no dealer fees. Only fee you should be paying is DMV fees which are nominal.

 

[The Joker]

Car Leasing Explained

https://youtu.be/t1NaDucAXIg?t=14

 

[BobbyBlueChip]

I usually trade in every 2 years and take a bath....

I trade every three years, but buy Wranglers so the trade in value is pretty high. Based on the trade-in's, I pay an effective rate of about $300 per month for the car. I'd keep buying cars but look for the cars that hold their value. Leasing is fine until you have to use the car too much.

 

[yyz]

I trade every three years, but buy Wranglers

You lease your jeans?

opcorn2

 

[THE KOD]

only leased one car in my life a toyota Supra


They tried to screw me over on the depreciation . Their belief in the value at the end will not be what you expect.


the other big problem is going over the alloted miles . after that its like a buck a mile or some shit, and that was a long time ago.


maybe its changed for the better but I would rather drive a nice paid off car .

 

[The Joker]

I would rather drive a nice paid off car .

Someday you'll get there, bud.

 

[THE KOD]

Someday you'll get there, bud.

I have two vehicles paid off.


too bad you still have a payment on that van

 

[Sportsaholic]

 

[The Joker]

:mj07:

 

[MadJack]

I have two vehicles paid off.


too bad you still have a payment on that minivan

fyp

:0003

 

[Skulnik]

fyp

:0003

:00x13

 

[Blitz]

Several years ago when I was looking at purchasing a new car, more than one salesman tried to talk me out of purchasing and into leasing. That right there tells me they make way more on a lease than a purchase. :shrug:

 

[MadJack]

Several years ago when I was looking at purchasing a new car, more than one salesman tried to talk me out of purchasing and into leasing. That right there tells me they make way more on a lease than a purchase. :shrug:

Yes, because they make the lease sale based on a sticker price sale.

I know people who lease that drive low miles and get a new car every 2 or 3 years and the payments stay low and maintenance is covered. Those guys use a tax deduction as well.

I found the best way for me to buy is buying a car that has low miles and is only one or 2 years old. That works best for me and I never trade.

 

[hammer1]

Yes, because they make the lease sale based on a sticker price sale.

I know people who lease that drive low miles and get a new car every 2 or 3 years and the payments stay low and maintenance is covered. Those guys use a tax deduction as well.

I found the best way for me to buy is buying a car that has low miles and is only one or 2 years old. That works best for me and I never trade.

Yup !! By far the best way to go. Esp Luxury cars !!!

 

[The Joker]

Yes, because they make the lease sale based on a sticker price sale.

I know people who lease that drive low miles and get a new car every 2 or 3 years and the payments stay low and maintenance is covered. Those guys use a tax deduction as well.

I found the best way for me to buy is buying a car that has low miles and is only one or 2 years old. That works best for me and I never trade.

:0074

 

[Blitz]

Yes, because they make the lease sale based on a sticker price sale.

I know people who lease that drive low miles and get a new car every 2 or 3 years and the payments stay low and maintenance is covered. Those guys use a tax deduction as well.

I found the best way for me to buy is buying a car that has low miles and is only one or 2 years old. That works best for me and I never trade.

Yeah, what he said!! :0074