just wondering how many of you people actually took out a loan to finance the car so you can own it in the end and how many of you people lease~ reasoning for each decision~!?

me personally financed because i don't see the use in giving all that money and then just giving a car back. and i like the feeling that the car is MINES and i can do W/E i'd like~ i can drive 10000000000 miles in one year if i want, they can't overcharge me. get my drift~

 

i leased my car for a bunch of reasons...one being that i get tired of cars very quick...two, im not going to buy a car, have the 3 year warranty run out and have to pay out of pocket for anything that happend after that..three, i just started working and this is the first car i bought on my own so in 3 years ill be able to afford something alot nicer (not the the G isnt a nice car)

 

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 leased, even though I think all the time I am going to want to keep my car. But I might purchase at the end of the lease.

 

I too prefer to own. I have leased in the past, but like owning better.

 

I decided to own as well. I typically hang on to my cars for longer than the duration of my loan. A couple of years with out payments is very nice (but then it will just go to student loans#@$@!

g4ian

 

I lease my commuter but own my G35C.

Lease: I like to lease my commuter because I get a great deal on monthly rates and I don't have to worry about getting dings, etc. cause I won't be keeping it more than 3 years anyway. I also hate selling cars or
getting ripped off during trade-ins if I owned it... plus I get $1500 auto
coverage on any minor repairs that the car may need when returning the
car AND get sales tax benefits when I trade it in and get a new car
down the road. That alone is a great reason to lease.


Buy: I buy my weekend cars because I like to keep them for more than a few years IF it is a capable car. If it turns out that I don't like the car that much, I will sell early before the loan term is over and get a different car. So far my G35C has been a great choice.

 

I own, only pay cash. I keep my vehicles for a long time, 93-4Runner, 79-FJ40. I do not like owing money to others.

 

I own. I put on too many mile to lease and I tend to hold on to my cars for a long time.

 

I financed my car, i plan on paying it off within 3-4 years, so by the time the warranty runs out, i'll be ready for a new one. Infiniti gives 4 year 60 thousand miles, better than any other manufacturer.

 

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.

 

i own.. actually took a loan out from the bank and will own it within 3 years... i dont see the point of leasing... my friend pays like close to 500 a month on his G sedan i pay only 325.00 and we are both on a 3 year thing

 

I see no point in leasing an inexpensive car like the G (<50k). You only get benefits for leasing if you own your own business and/or want to drive a more expensive car without worrying about maintaining it down the road.

 

Owner here...I'm only 22 but the benefits of paying a bit more a month to finance and have the car become mine after 4 years far outweighed the worries of extra charges, and other things involved with leasing...I too enjoy the thrill of buying a new car, but it should only take me an extra year over someone who uses a 3 year lease program to have the car all to myself...Most people lease 3-4 years, and many people who finance have terms of 4-5 years...I'd hate to pay all that money and have nothing to show for it when the term is up...Especially with a car like the "G35" that holds its value so well, I'll take the 15-20 k that its worth at the end of 4 or 5 years and put that cash down on something that is a step up from the G...Even though I can't see myself owning any other car sometimes...lol

 

Own... well the bank does lol