It all depends on how good you hustle. Somebody can put 3k down and pay 500 a month and someboby else can put 1k and pay 500. Same car same credit.

 

Looking at down payments and risk - what happens if you have a pile of cash laying around, put 5k down on a lease to keep the payments down and the car is stolen/written off/whatever at month 24 of 48. 2500 has been 'used' already, but what about the remaining 2500? I'm thinking you're SOL... if so, that's why I wouldn't put much down, minimize your risk!

On a side note... I recall reading a theory that you should lease things that depreciate and finance things that appreciate (car/house). Makes sense to me.

 

Good point about the stolen/lost part, but doesnt insurance cover the car wheather the car is being lease or purchase? wouldnt you recover the money that you dont owe? or it would automaticly gone? lets say if you owe 10G plus the residual of 20G and the car is worth 32G? would you get the difference back? think if you lease the car, you "owe" less than purchase, if something happens to the car, cause you dont have to pay sales tax on entire price... by the way, most of the new car(other than cars like Enzo...)"depreciate" soon as you sign the paper work, so it is good idea to lease the car than?

 

EXCATLY...so go out and try if you can get 450/mos like you wanted!

 

I will there is no other choice

 

No Flame to Runner, but please check over your economic books one more time. 99.9% of cars do not appreciate in value. Cars and the sorts are negative net worth, which means you will never recoupe your time + money invested. A Good 75% of your loan period, you are upside down, which means that if you tried to sell your car, you would never get what you owe on the loan (That is if you financed with a minimal down payment and pay avg monthly payments.).

I Chose to lease becuase:
1) Although I love to drive the G, It makes no sense for me to purchase a coupe
2) I have a business that relies heavily on Liquidity,and would rather make a 200% return on my money, than lose 50% of my value after paying off the loan
3) As a business, my accountant is able to deduct certain itemizations off my taxes based on my lease
4) Leased G's come with automatic Gap Insurance, which means you never have to worry about paying any money out of your pocket if your car gets totalled or Stolen.

Although a Good Gap Insurance policy can be bought for financed vehicles (NO Flaming Needed), imagine having your car stolen after 3 months, when you still owe 33k on it, and your insurance says it was only worth 27k. Guess who not only had their car stolen or totalled, but now has to come up with 6k out of their pocket. Thats adding insult to injury.

Had I purchased the G Coupe, I would have a finance term of most likey 60 months. Do you know how much it would have depreciated by then ? After paying close to 40g's, I would be lucky to get maybe 15-20 in 5 years. Add in the fact that after about 36 months on average, you will be out of warranty with the additional up keep costs, and it made no sense to me to purchase it.

My Next Car after the G will be purchased, because it will be a sedan type that will continue to be used for years, and have multifunctionality.

On A side note, I recently had a friend who leased his G, and had it totalled out only 3 months later....Sad thing, but he walked away owing nothing. This wouldnt have been the case if he purchased it and had no gap insurance.

- albert

 

i live in NH, but i bought it in Mass, Kelly Infinti in Danvers, good place, we got 6k off our FX45

 

Yes I leased my car because my father has a business, so we will save money in taxes on a lease

 

makes sense

 

$1000 down, $479 per month 48 months 12,000 miles per year. Deal was over internet from Ramsey Infiniti in Ramsey NJ. Sales person Kendra Rowan.

 

Is that including tax and what year and packages do you have?

 

Is everyone including tax on their payments?

Mine is $517 + tax = $550/month
39 month lease 15k miles/year
Fully loaded
Put $1k down but my money factor was 3.xx because my car credit was only 640, thats why my payments are higher.

Got the car for $36,500 .... MSRP $39,xxx with a 60% residual value.

Also, when you say you are putting $1k down, it doesn't come off your cost of capitalization because basically the $1k is covering all the fees. If you can get 5% interest with the same deal i got, same mileage and residual you will be looking around $465/month plus tax which will put you around $500/month for 39 months.......

 

$500 a month 1k down sounds good for loaded.

 

Yes it is possible, but you have to get a good deal on the car with 60% residual and good credit...ie over 700

 

No offense taken, Armchair_Anthro, you're totally right! I screwed up the writing of that post. I should have used "Car vs. House" rather than use the slash - in that context, I made myself look pretty uninformed.

Gap insurance answers my questions, as well. Being an employee with no designs of going into business anytime soon, it makes the case for leasing more compelling...

- Runner