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

[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.

Things fade, things get loose, things aren't as nice as they were. It's safer than almost every car older than three years on the road. 40 miles? That's 1.5 hours away in the DMV.

I actually find it a bit strange how the old car old car old car set ignore the improvements in safety.

[Anonymous]

Anonymous wrote:

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!!!

Whatever

Ps, if your elementary was sooooo good, you wouldn't need to defend it constantly

[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.

Things fade, things get loose, things aren't as nice as they were. It's safer than almost every car older than three years on the road. 40 miles? That's 1.5 hours away in the DMV.

I actually find it a bit strange how the old car old car old car set ignore the improvements in safety.

I haven’t seen anyone ignoring safety or saying new cars aren’t safer. They are safer and that’s important but are people really buying cars for better safety? Most of the luxury cars people list here aren’t the highest in safety ratings.

[Anonymous]

Anonymous wrote:

An asset stores or generates value. Your minivan is worth less and less every day and every mile you drive. A sunk cost. With leasing you could have kept that money free for proper assets.

It takes 9 years of leasing to have spent the same amount of money as you would have spent buying it outright.

You don't understand assets. The minivan is still an asset; it depreciates, but it is still an asset as long as it has some value. Even if it is only worth $500.

[Anonymous]

Anonymous wrote:Rich people lease cars, they don’t buy them. Companies lease cars, they don’t buy them.
Poor people buy cars. They are ignorant.
If leasing was such a bad deal, companies and rich people wouldn’t do it. They are rich because they are smarter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

An asset stores or generates value. Your minivan is worth less and less every day and every mile you drive. A sunk cost. With leasing you could have kept that money free for proper assets.

It takes 9 years of leasing to have spent the same amount of money as you would have spent buying it outright.

You don't understand assets. The minivan is still an asset; it depreciates, but it is still an asset as long as it has some value. Even if it is only worth $500.

I am an accountant. I understand both assets and their depreciation much better than you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:8:31 PP claiming the dealership “owns” the lease has no idea what they’re talking about. In a lease, the dealership (Koons Toyota) sells the car to Toyota Financial Services and you pay TFS every month for 36 months with the option to buy it out for the residual value at the end of the lease. You sign a buyer’s order with the dealership to buy the car from them and then the lease contract with the carmaker’s bank. The dealership gets a sale whether you buy it or lease it.

And this is relevant because????

You people are strangely obsessed with ownership and don't seem to get that some of us make enough money to afford to lease a new car every three years and who have no desire to drive around in a 12 year old Honda. No matter how cheap the insurance is.

That's a totally different argument than the economics of owning vs leasing. Newer things cost more...NSS. I don't recall anyone arguing that fact. But good on you for trying to change the subject when the financial argument failed. Also, you are clearly a financial genius; I recall Warren Buffet's sage advice that you should buy all new shiny things what if you can afford it because that's how you build long term wealth.

You tried to change the subject. No one mentioned 12 year old cars before you did.

I bolded it for you. I hope you read your lease agreement more carefully than DCUM.

[Anonymous]

You are throwing your money down the toilet. Yes, you're a sucker.

[Anonymous]

Anonymous wrote:I drive a company car, my wife's new loaded Tahoe is only $600/m and our teen's car is only $150/m. For $750/m we get latest technology, never have to worry about maintenance, free onstar, satellite radio, roadside, loaners. It seems like a no brainer. We bought our oldest a used car but it was a pain in the arse to deal with tires, breaks, etc., so we've leased everything ever since.

I do the same with two cars. You do you. Not a sucker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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!!!

Whatever

Ps, if your elementary was sooooo good, you wouldn't need to defend it constantly

This is going to really blow your mind but we have a 500k HHi, both have advanced degrees and will stay married. Our children will most likely do well no matter which elementwry school they attend. It’s not an average school, but even if it were it wouldn’t matter to us. We value walkabikity, a neighborhood school and avoiding a car-centric lifestyle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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!!!

Whatever

Ps, if your elementary was sooooo good, you wouldn't need to defend it constantly

This is going to really blow your mind but we have a 500k HHi, both have advanced degrees and will stay married. Our children will most likely do well no matter which elementwry school they attend. It’s not an average school, but even if it were it wouldn’t matter to us. We value walkabikity, a neighborhood school and avoiding a car-centric lifestyle.

And we all believe you