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Out of context: Reply #66029
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- doggydoggdog0
Thinking of getting a new car. Maybe do 12,000 miles a year.
Any reason not to lease?
- If you don't mind giving away your money and never owning a car, get a lease... pro(s), you get to have a brand new car every 3 years.Maaku
- financially, i think a lease equals a very high interest rate. I've heard it is not financially smart to lease. Also, buy a car outright, no payments at all.capn_ron
- If you buy a car, it loses money the second you drive off the lot.doggydoggdog
- Leasing is like throwing money away. It's like rent and you get nothing at the end.monospaced
- buy a 2 year old lot and let someone else take that hit.capn_ron
- also, cars lose money every day generally. they are expensive things.capn_ron
- I would lease a fancy car. generally, i'd purchase even though it's a depreciating asset.dorf
- the car i bought had under 5K / year. they're out thereimbecile
- Leased 3 before, own one and lease one. Lease = full tax write off & milage. Usually cheaper payments. You can always buy your lease afterwards.ArmandoEstrada
- @armando, do you use a cpa or file your own taxes?dorf
- ^yes, I would like to also know lolfuturefood
- Lease if you want something brand new every few years. Like Armando said, you can always buy after the lease is up, and if you lease a car that tends to keep...lvl_13
- ...its value, it's a no-brainer. Just make sure you negotiate that final purchase number if that's your end goal. That way you can purchase for a good price...lvl_13
- ...and you know how the vehicle has been treated/repairs needed in the lease terms. Buying used is always a gamble. Not always bad-not always goodlvl_13
- I am oldschool, I like to keep my fixed costs low thus I only buy. But never new. As mentioned above: Let others lose money with the write-off.Longcopylover
- be aware of unexpected high costs when returning the leased vehicle.mekk
- I ususally buy a car that's 5 or so years old with a low mileage. Thinking about selling and leasing a car. Wife is gonna do some number crunching.microkorg
- I leased and I'm due to return the car next May, I also had 12k mi per year. I anhilated that mileage, so I'm buying the car.HijoDMaite
- I don't know where you live, but in SoCal mileage restrictions are no bueno.HijoDMaite
- People who say "buy used a year or two old" must have never tried that. Often times the savings are negligible vs new.section_014
- Overall though, buy. My car has under 50k and it's paid off.section_014
- Lease. Aging cars end up costing you more (cash and frustration) in the long run.Al_dizzle
- I file as DBA on taxes so use lease as tax writeoff. Lease with option to buy, depending on car.ArmandoEstrada
- Buy used. Cash. About 5 years old will be half the price of new, and you'll have lots to choose from and data to figure out which models have should be avoidedmonNom
- according to one dude here, a Subaru WRX appreciates after 5 yearsmonospaced