Am I a sucker for leasing all of our family cars?

[Anonymous]

Income is the big elephant in the room. If we made $350k like everyone claims here, I'd lease too

[Anonymous]

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Of course leasing is cheaper than financing. That’s different than paying cash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

+1
I’m in the car a max of two hours a week. It’s not worth it to pay a lease every month for life. A paid off car is better for me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

So then you shouldn't judge other people if you have no idea what they're saying

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

So then you shouldn't judge other people if you have no idea what they're saying

I don’t judge you for leasing. I judge you for spending 1.5 hours each day in a car

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

So then you shouldn't judge other people if you have no idea what they're saying

I don’t judge you for leasing. I judge you for spending 1.5 hours each day in a car

I'll be the bigger person and not judge you for choosing to live in a child unfriendly neighborhood just so you could walk to restaurants. To each their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Of course leasing is cheaper than financing. That’s different than paying cash.

So you are agreeing that leasing is a good idea if people can't afford to pay cash up front?

What if the dealership is offering 0% financing? Does that make financing and cash equivalent?

What if the 0% offer is good for leases in addition to (or instead of) purchases? Does that make leasing and cash equivalent?


These are all essentially equivalent transactions, it just depends on how long you want to keep your car and what kind of deal you can get for your car.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

So then you shouldn't judge other people if you have no idea what they're saying

I don’t judge you for leasing. I judge you for spending 1.5 hours each day in a car

I'll be the bigger person and not judge you for choosing to live in a child unfriendly neighborhood just so you could walk to restaurants. To each their own.

Not the case at all! One block from a playground and a wonderful elementary school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

So then you shouldn't judge other people if you have no idea what they're saying

I don’t judge you for leasing. I judge you for spending 1.5 hours each day in a car

I'll be the bigger person and not judge you for choosing to live in a child unfriendly neighborhood just so you could walk to restaurants. To each their own.

Not the case at all! One block from a playground and a wonderful elementary school.

Your decrepit playground and charitably average school does not impress. All the ethnic restaurants, independent coffee shops and metro access balance it out though

[Anonymous]

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

First off, why can’t you enjoy a car that’s more than three years old? You actually get better at driving it because you know how it performs in all conditions.

Second, how are you in the car an hour and a half a day and stay anywhere near the allowed mileage for a lease? Seems to me that is probably 35-40 miles each way assuming you aren’t in rush hour traffic and even just 25 miles each way would put you over 12k miles for the year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

First off, why can’t you enjoy a car that’s more than three years old? You actually get better at driving it because you know how it performs in all conditions.

Second, how are you in the car an hour and a half a day and stay anywhere near the allowed mileage for a lease? Seems to me that is probably 35-40 miles each way assuming you aren’t in rush hour traffic and even just 25 miles each way would put you over 12k miles for the year.

You must not live in the DC area. Different poster here. I live in Bethesda 2 miles from the DC border. My commute is 8 miles. In rush hour it takes 45 minutes. I drive less than 750 miles a month. I enjoy my Mercedes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

Well there you go. I spend about 1.5 hours in my car each MONTH. We have one very old car and couldn’t care less.

So then you shouldn't judge other people if you have no idea what they're saying

I don’t judge you for leasing. I judge you for spending 1.5 hours each day in a car

I'll be the bigger person and not judge you for choosing to live in a child unfriendly neighborhood just so you could walk to restaurants. To each their own.

Not the case at all! One block from a playground and a wonderful elementary school.

Your decrepit playground and charitably average school does not impress. All the ethnic restaurants, independent coffee shops and metro access balance it out though

Wrong again!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Each time I've used a lease vs buy calculator for my mercedes, leasing was the better deal. Some people are not interested in keeping cars for 12 years. A 12 year old car right now has no bluetooth, no lane changing sensors, no rear view camera, etc. Those may not be important to you, but they are to me. There are situations where leasing is a bad deal but not always.

+1

I spend 1.5 hours in my car each day. I prefer to enjoy my time.

First off, why can’t you enjoy a car that’s more than three years old? You actually get better at driving it because you know how it performs in all conditions.

Second, how are you in the car an hour and a half a day and stay anywhere near the allowed mileage for a lease? Seems to me that is probably 35-40 miles each way assuming you aren’t in rush hour traffic and even just 25 miles each way would put you over 12k miles for the year.

You must not live in the DC area. Different poster here. I live in Bethesda 2 miles from the DC border. My commute is 8 miles. In rush hour it takes 45 minutes. I drive less than 750 miles a month. I enjoy my Mercedes.

I drive on the beltway reverse commute. That said, I used to drive with traffic and you can take, for example, all of I-66 from the beltway out of Prince William County in an hour of stop and go traffic and that’s 25 miles.