Lease vs. Own?
Other than the pleasure of knowing the beautiful car was all m-i-n-e, it sure seems like leasing might, for me, be the way to go. Any thoughts on this? Thanks.
Oct 5, 2005 9:38:31 PM
Oct 5, 2005 11:25:40 PM
Oct 5, 2005 11:49:59 PM
Oct 6, 2005 12:34:40 AM
Quote:
U Boat Commander said:
Leasing is the exactly the same thing as buying, except you also get a put option at the end of the lease term, which you'll exercise if the car is worth less than your buyout.
Oct 6, 2005 1:22:14 AM
Oct 6, 2005 6:57:02 AM
Quote:
ArthurY said:
If the price of the lease were limited to anticipated depreciation, amortized on the monthly lease basis (36 months, 48 months, etc), I think you'd be right. But leasing also usually includes not only interest, but a financing profit for the dealer on top of the interest.
Oct 6, 2005 2:05:13 PM
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ajcastaneda said:
Keep leasing and your Porsche will always be under warranty, and we all know how expensive the parts are for a Porsche...
Oct 6, 2005 2:36:47 PM
Quote:
U Boat Commander said:
Both a loan and a lease can include a markup by your dealer.
Oct 6, 2005 2:44:24 PM
Oct 6, 2005 2:47:08 PM
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ArthurY said:
I agree with most of what you said, though I would not consider a dealer loan. The only alternative loan would be a mortgage loan (so the interest would be deductible). How do those numbers work out compared to your lease options?
Oct 6, 2005 5:03:29 PM
Oct 6, 2005 8:31:02 PM
Oct 6, 2005 8:36:43 PM
Oct 6, 2005 9:09:01 PM
Quote:Not exactly. If avoid driving a car without a warranty by leasing every 3 years, you're driving a brandy new, latest technology car every three years. If you avoid driving a car without a warranty by buying an extended warranty and keeping the car longer, you're not.
Silver Bullet said: The rationale that leasing is more cost effective because repairs can be pricey is analogous to paying big extra bucks for an extended warranty.
Oct 7, 2005 6:53:33 PM
Quote:
LowPolarMoment said:Quote:Not exactly. If avoid driving a car without a warranty by leasing every 3 years, you're driving a brandy new, latest technology car every three years. If you avoid driving a car without a warranty by buying an extended warranty and keeping the car longer, you're not.
Silver Bullet said: The rationale that leasing is more cost effective because repairs can be pricey is analogous to paying big extra bucks for an extended warranty.