s/o What kind of car(s) do you drive and do you lease, finance or pay cash?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

The Escalade is so soft and relaxing to drive, the corvette is ridiculously fun to drive. The X5 is fun and relaxing as well, as well as being well designed. You couldn't get any of these cars for $45k so I'm don't know where you get the idea I could buy all three.

To your last point, every family living in the suburbs needs one car per driving adult. No public transport means you're trapped.

[Anonymous]

I have never leased a car. I have a Subaru Outback and paid cash. I’ll drive it for 8-12 years and buy another functional vehicle for cash when it’s time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

The Escalade is so soft and relaxing to drive, the corvette is ridiculously fun to drive. The X5 is fun and relaxing as well, as well as being well designed. You couldn't get any of these cars for $45k so I'm don't know where you get the idea I could buy all three.

To your last point, every family living in the suburbs needs one car per driving adult. No public transport means you're trapped.

I disagree. The metro goes to the burbs and I know people within one car including people that have one car for medical reasons. As in one spouse cannot drive.

[Anonymous]

Anonymous wrote:2015 Chrysler Town & Country, bought used & still owe $26k on it.

2014 Chevy Malibu, bought new & paid off the last $12k through a 401k loan.

Yikes! That mini van is probably only worth $15k now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

The Escalade is so soft and relaxing to drive, the corvette is ridiculously fun to drive. The X5 is fun and relaxing as well, as well as being well designed. You couldn't get any of these cars for $45k so I'm don't know where you get the idea I could buy all three.

To your last point, every family living in the suburbs needs one car per driving adult. No public transport means you're trapped.

I disagree. The metro goes to the burbs and I know people within one car including people that have one car for medical reasons. As in one spouse cannot drive.

Even in those metro suburbs, most families have two cars. The other point is extremely rare.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

The Escalade is so soft and relaxing to drive, the corvette is ridiculously fun to drive. The X5 is fun and relaxing as well, as well as being well designed. You couldn't get any of these cars for $45k so I'm don't know where you get the idea I could buy all three.

To your last point, every family living in the suburbs needs one car per driving adult. No public transport means you're trapped.

In theory you could buy them a few years old. I would think buying would be cheaper in the long run.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

The Escalade is so soft and relaxing to drive, the corvette is ridiculously fun to drive. The X5 is fun and relaxing as well, as well as being well designed. You couldn't get any of these cars for $45k so I'm don't know where you get the idea I could buy all three.

To your last point, every family living in the suburbs needs one car per driving adult. No public transport means you're trapped.

I disagree. The metro goes to the burbs and I know people within one car including people that have one car for medical reasons. As in one spouse cannot drive.

Not everyone lives close to the metro. It would be very hard for us to get to the metro and by the time we walked to the bus, which isn't close, then bus to metro and then metro, which doesn't go everywhere, it makes no sense. You are trapped without a car in many areas and we are close in.

[Anonymous]

2015 Subaru Legacy. Financed.

I have always financed cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

If I jog around my Vienna neighborhood, about 50% of houses have two SUVs in the driveway / garage. I'm not saying it's a good idea, but it's very common, and will only become more so as US manufacturers stop even offering cars.

If I were to count a minivan as an SUV (I'm not), the number would go even higher!

I don’t think they will stop selling cars even though SUV’s are more profitable. It’s wrecking a lot of people’s finances. Take a look at this article. It shows the sad state of affairs we are in.

https://jalopnik.com/84-month-auto-loans-are-becoming-more-common-because-yo-1825414883

Some manufacturers have already said they will stop making cars and only have SUVs. Ford is stopping all except the mustang.
At this point Chrysler has one car, Dodge has one car, Jerp has none, Ram has none, so your local dealer has 2 cars to choose from, the rest are SUV, Vans, and Trucks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 Cadillac Escalade ESV
2016 BMW X5
2017 Chevrolet Corvette

leased
They cost $45k a year but it's worth it

Is any of this for a business and therefore deductible? Otherwise, holy sh#t. Why?

It does seem absurd. I don't understand how "it's worth it". For the kind of money they're dumping into those vehicles, they could just buy them outright. First off, who in this world needs TWO SUV's? That seems silly.

The Escalade is so soft and relaxing to drive, the corvette is ridiculously fun to drive. The X5 is fun and relaxing as well, as well as being well designed. You couldn't get any of these cars for $45k so I'm don't know where you get the idea I could buy all three.

To your last point, every family living in the suburbs needs one car per driving adult. No public transport means you're trapped.

In theory you could buy them a few years old. I would think buying would be cheaper in the long run.

Buying and trading vs leasing is ultimately a wash. I could buy a few years old, but what's the point?

[Anonymous]

Paid cash for a new minivan and a new Prius - not in the same year. We drive our cars into the ground so well worth it.

[Anonymous]

2007 Honda Pilot that i paid cash for in 2010 becausr i sold my Condo and had the funds, also traded in a car. I plan on it lasting another 3 years if possible then i will buy another one, probably 2-4 years old. Most likelt will finance some of it. I like to keep a car as long as possible. My car is the familt car if we go on trips or are all together. DW has a 2015 Ford Fuesta she makes payments on. Even though she makes more than me she likes to get a new car every few years so always has a payment.

[Anonymous]

I have 11 cars, why do you care?

[Anonymous]

2010 Honda Fit, bought new in early 2011. Financed it because dealer incentives meant financing saved us $1,500 or so, and because they offered us 0.5% interest for five years, so we only paid about $400 in interest over the life of the loan.

[Anonymous]

2005 Honda Odyssey bought in 07 with cash to replace a 97 Dakota truck. Purrs like a kitten but saving for a new one with Wifi TV, and a vacuum. 2015 Equinox bought cash to replace my 1999 Honda Accord with 312k miles. I miss that car.