Luxury SUVs - any to avoid

[Anonymous]

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

Sounds like a German-car mentality.

If you buy a reliable car that holds residual value then it’s better to buy and hold onto it for a long time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

If you want a new car every few years then leasing makes sense but strongly disagree that cars are disposable these days-- they are lasting longer than ever. Used to be getting to 100k miles was a big accomplishment but now it's almost the minimum you'd expect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

My 2019 SUV has gained value since I bought it. Many others can say the same.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Of course it is. But so is buying a luxury SUV with the thought of keeping it for 7 years. Manufacturers have dropped incentives for leasing, pricing is at historic levels, money factor is climbing because of market conditions, and residual value isn’t keeping up. Forget about it unless you’re self employed or leasing through your business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

My 2019 SUV has gained value since I bought it. Many others can say the same.

Looking forward to the next edition of SUVs As A NonDepreciating Investment For Dummies

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

It's actually rooted in math, but go on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

That makes for an expensive car if you et a new one every couple of years. Our luxury SUV is 10 years old. The annual service is expensive but no major problems. Expect to keep it for a least a couple more years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

My 2019 SUV has gained value since I bought it. Many others can say the same.

Looking forward to the next edition of SUVs As A NonDepreciating Investment For Dummies

Are you not watching the used car market?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

That makes for an expensive car if you et a new one every couple of years. Our luxury SUV is 10 years old. The annual service is expensive but no major problems. Expect to keep it for a least a couple more years.

Drove our Lexus SUV for 16 years with only a couple of issues beyond routine maintenance (battery, tires, brakes).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

My 2019 SUV has gained value since I bought it. Many others can say the same.

I think we can all acknowledge that the current market is an anomaly that will resolve once the chip shortage is sorted. My 2019 car is worth about $10K more than I paid for it, but I'll never see that money because I'm not selling it to only have to buy something overpriced to replace it and the value will return to earth in a year or two.

If someone wants to treat their car as disposable, leasing makes sense. Some folks like newer cars and mixing things up, and, if they have the money for it, godspeed. Unless your car is a total piece of shit, though, it's a convenience you pay for, not a money-saver.

[Anonymous]

I drive a 2021 Mercedes’ GLC 300. Upgraded everything -sound, interior, trim. I’m enjoying it.

[Anonymous]

Love our Kia Sorento plug in hybrid 2022

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.

I thought leasing was an unwise financial decision?

Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.

My 2019 SUV has gained value since I bought it. Many others can say the same.

I think we can all acknowledge that the current market is an anomaly that will resolve once the chip shortage is sorted. My 2019 car is worth about $10K more than I paid for it, but I'll never see that money because I'm not selling it to only have to buy something overpriced to replace it and the value will return to earth in a year or two.

If someone wants to treat their car as disposable, leasing makes sense. Some folks like newer cars and mixing things up, and, if they have the money for it, godspeed. Unless your car is a total piece of shit, though, it's a convenience you pay for, not a money-saver.

My 2019 SUV is worth about what I paid for it. I were buying a new one, I’d spend about $20K more, so it makes no sense to trade it in or sell it. The fact that it hasn’t depreciated does me no good bc I’d need a new car if I were to get rid of it.