Leasing my first car.

[thefuzz]

I'm not here to dissuade you from getting a lease (although fiscally they are a bad idea almost all the time), I'm just trying to understand why you want such an expensive car?

 

 

I bought many, in fact far too many cars when I started making good money, but that gets really old really quickly, after you figure out how much it's costing you to move from point A to point B.

 

 

Now I buy used, and rarely for more than 15k or so, much more money in the bank makes thefuzz happy.

[Scrumtrilescent]

Yeah, trying to keep up with the Joneses right out of college is rarely a strategically sound move.  Wants vs needs.  Damn, I sound like my Dad.

[h0llywood]

I have three leases in which all three are up within a year of each other. I alternate every year with a new car and because I have three I never go over the allotted miles.

 

You can lease three Honda Civics for $150/mo and that beats me financing 1 car for $400.00 a month. I'm not saying i'm leasing Honda Civics but you get the point.

[Mvp2014]

I wouldn't ever lease a car and if I did it would be really fast and I would race the poo out of it.  Might as well

[Ja Rhule]

My wife wanted Toyota Venza almost straight out of college... We went by Toyota dealership and brand new Venza was $33k.  We went to Carmax the next day and they just received one year old Venza with 17k miles.  We asked how much and they said $23k mostly because someone spilled coffee on front and back seats.  I looked on it's value on KBB and it was 29k.  We bought it right away... Carmax interest rate is pretty high so we got it refinanced with my credit card company for 1.5% interest (Carmax gave us 6.5%).  In few month my wifey will get MDX if she behaves.

[Dex]

I'm just trying to understand why you want such an expensive car?

because I have such a small penis.

[Ja Rhule]

because I have such a small penis.

 

Buy some of those penis enlargement pills that advertised on every porn site.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Let me know if works.

[Bronn]

I have three leases in which all three are up within a year of each other. I alternate every year with a new car and because I have three I never go over the allotted miles.

 

You can lease three Honda Civics for $150/mo and that beats me financing 1 car for $400.00 a month. I'm not saying i'm leasing Honda Civics but you get the point.

 

...except that you've contributed over $16000 towards the ownership of nothing in the span of three years or just over $14000 in that same span towards owning something... Not only that, but keep the one you're buying for five years and sell it for $12000 and you're only out of pocket $12000 for a five year span.

 

I guess it is a matter of preference though.

[h0llywood]

...except that you've contributed over $16000 towards the ownership of nothing in the span of three years or just over $14000 in that same span towards owning something... Not only that, but keep the one you're buying for five years and sell it for $12000 and you're only out of pocket $12000 for a five year span.

 

I guess it is a matter of preference though.

 

My wife wants a new car every year so I can blame her for the poor decisions.

 

I guess it is personal preference of mine to have a new vehicle and not have to worry about expensive maintenance down the road. Me thinks I am paying for the convenience.

[toldozer]

Since everyone wants to throw their opinion in even though dex doesn't want to hear it I'll add my two sense. Don't lease man. You can buy a car and get a new one in three years as well. I'm 29 & on my fourth car sense I turned 21 I've never put any money down until this car because I wanted a little lower payment and always have come out ahead when it's time for a new car. I have had my current car for a year and a half and I'm already even if I were to sell it at this point. If I keep it another two years I will be about to pocket a few thousand selling it private party. So it depends on how big of a difference the lease vs buy is. Go the last couple of days in the month to a few different dealerships. At least one will be very close to getting there rebate for hitting their sales goals and will give you a good deal. Just stand your ground and walk away if needed. If you buy understanding you don't NEED the car you usually come out ahead. But again if you must lease and have a job change that requires more driving I would see about turning it in early

[*FreeFua*]

Didn't read through the whole thread but I lease too.

I put roughly 20,000-22,000 km a year on my truck and it's just not worth it for me to buy. I also have a handful of foster kids who don't shower and leave a funky smell in most vehicles so a vehicle depreciates even faster for me.

Plus you won't have to worry about repair costs and you'll get something new every 3 years.

Also leave vs buying depends on your money situation as well.

[PandaPancake]

Dex, you should ask next if you should have an abortion or not. That'll really kick the thread to ten pages in no time.

[Brooklyn Bully]

No, go light. Ask if you should get a flu shot.

[Davidson Deac II]

I leased a wife once.  Gave her back after 8 months.  Cost me several thousand.  It was an interesting 8 months, but I wouldn't recommend it.