How is anyone leasing cars right now?

[Anonymous]

Anonymous wrote:Dealers push leases around here because they make far more money off a lease than a sale, even with financing. This is true no matter what interest rates are doing.

I’m not interested in enriching dealers at my own expense just to impress randos.

x100000

[Anonymous]

So purchase a used one. My Subaru Forrester is 8 years old—so no monthly payment at all anymore.

[Anonymous]

Literally on Carvana for Fun I pulled up 2025 used Models for sale by cheapest. You could get a 2025 Chevy Malibu for around 25K. We are talking like 4K miles on odometer.

Is it the most exciting car no. Is it a bit boring yes. Does it look like a rental yes. Is it a reliable car cheap to fix that can run easily 10 years and 100K miles mainly problem free easily yes.

It is the last of a very very long run model with all bugs worked out. The ones in Fleet service routinely are in service over 200K miles and some have hit 500K miles. Mainly because it is a cheap, realible, easy to fix car with cheap replacement parts.

If cost is an issue buy something like that cash. You could drive it 15 years and that 25K works out to like $90 a month. Given you should get back 3k-5k when you sell more like $60 bucks a month

But leasing a car at $500 amonth for 15 years is $90,000 and in the end you dont even own a car

It is amazing to always be driving a new car. I get that. It is a luxury.

My 2011 car I bought used in 2012 got totalled last month. I paid 28K in 2012 and I got 8k from insurance. Depreciation worked out to $128 a month. Car gave me no problems but was kinds scratched and a bit worn from 14 years. It sucks that is way to save money. Not fun.

[Anonymous]

Anonymous wrote:Literally on Carvana for Fun I pulled up 2025 used Models for sale by cheapest. You could get a 2025 Chevy Malibu for around 25K. We are talking like 4K miles on odometer.

Is it the most exciting car no. Is it a bit boring yes. Does it look like a rental yes. Is it a reliable car cheap to fix that can run easily 10 years and 100K miles mainly problem free easily yes.

It is the last of a very very long run model with all bugs worked out. The ones in Fleet service routinely are in service over 200K miles and some have hit 500K miles. Mainly because it is a cheap, realible, easy to fix car with cheap replacement parts.

If cost is an issue buy something like that cash. You could drive it 15 years and that 25K works out to like $90 a month. Given you should get back 3k-5k when you sell more like $60 bucks a month

But leasing a car at $500 amonth for 15 years is $90,000 and in the end you dont even own a car

It is amazing to always be driving a new car. I get that. It is a luxury.

My 2011 car I bought used in 2012 got totalled last month. I paid 28K in 2012 and I got 8k from insurance. Depreciation worked out to $128 a month. Car gave me no problems but was kinds scratched and a bit worn from 14 years. It sucks that is way to save money. Not fun.

It’s hilarious that you think a 2025 Chevy Malibu will last 200-500k miles with just routine service.

[Anonymous]

Anonymous wrote:Just buy the car you’re leasing now.

Absolutely not. I need a new or new-ish car.

[Anonymous]

Try https://leasehackr.com/ for latest lease deals. There are plenty of deals on EVs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just buy the car you’re leasing now.

Absolutely not. I need a new or new-ish car.

Well, there you go. If you like/need to drive newish cars and have the money, then leasing is the way to go. Rolling over from lease to lease is simpler than buying and selling every couple of years.

[Anonymous]

I'm shopping for luxury cars right now. I was going to buy, but the lease vs. buy breakeven right now is about 6 years. Meaning if you buy, you need to plan to keep the car for more than 6 years to have a lower monthly payment than a lease.

If you want a new car more often than every 6 years, leasing is better.

Obviously not the cheapest option - it is cheaper to buy and hold until it dies - but if that's not what you want to do, leasing is a good option.