Who Leases and who OwnS~!?>
Originally Posted by KAHBOOM
I own.. too many potential money traps in leasing. Most lease programs are always designed so that ou will owe something at the end of the lease. Plus paying all of that money just to turn the car in and receive no equity, to me, is just not worth it. I'd rather pay a little bit more each month and at lease have the potential for some equity toward the end of my term.
I also own. I don't like always having a monthly payment hanging around my neck. I look forward to the "gravy time" when I own the car outright, and can do something else with that money every month.
I put down $16k out of savings, plus added another $11k from the private sale proceeds of my old Acura CL, which my G replaced. I then just financed the $11k balance for a 48 mo. term. I probably should've just paid all cash 100% right upfront, since I ended up paying off that loan in less than a year anyway.
It's a really nice feeling to own a new car free & clear!
I put down $16k out of savings, plus added another $11k from the private sale proceeds of my old Acura CL, which my G replaced. I then just financed the $11k balance for a 48 mo. term. I probably should've just paid all cash 100% right upfront, since I ended up paying off that loan in less than a year anyway.
It's a really nice feeling to own a new car free & clear!
I lease, and would bet that my gas pedal has touched the carpet more than any of you guys. That's the beauty of leasing, free ***** to the walls high rpm shifting(it's really the Pro 1 exhaust we got from Moog doin that to us) all you can eat. It's like you could have a wife for 3 years...do as you please, socks on the floor, toilet seat up, belch at will and then pick out another babe and start over again. I have had the oil changed 3 times in 8k miles out of respect for those 6 howled on pistons.
Originally Posted by I_Got_EVO
I lease, and would bet that my gas pedal has touched the carpet more than any of you guys. That's the beauty of leasing, free ***** to the walls high rpm shifting(it's really the Pro 1 exhaust we got from Moog doin that to us) all you can eat. It's like you could have a wife for 3 years...do as you please, socks on the floor, toilet seat up, belch at will and then pick out another babe and start over again. I have had the oil changed 3 times in 8k miles out of respect for those 6 howled on pistons.
Originally Posted by I_Got_EVO
sammy: we philly too!
maybe we should meet up and wake up some people? hahhahaaand i would never be ready for another car. i might get another one later on....but the G is my first love~
i own my coupe and leased the g35x. i like to mod so the coupe was purchased. the g35x was for my fiance. she barely puts any miles on the car and keeps them stock. plus we were planning to upgrade to an suv within the next 3 years, so leasing the g35x was the obvious choice for us.
I'm looking at getting the G soon, but haven't decided to wether to lease or buy. I'm leaning towards leasing just because I know that once the loan is up, i'm going to sell my car and get another one. The way I see it, I rather pay the lower payment constantly than to pay a higher monthly payment, and then start paying another higher monthly payment after the loan is up.
Originally Posted by OldVFRGuy
As I am older than most of you....I decided on my strategy a long time ago....and it works for me.
Pay cash for things that Depreciate....
and finance things that Appreciate.
Leases might work only if you can write it off as a business expense.
Pay cash for things that Depreciate....
and finance things that Appreciate.
Leases might work only if you can write it off as a business expense.
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