Car Lease - 45K car - zero down?

[Anonymous]

Anonymous wrote:Isn't the standard purchase term five years? Assuming you can reduce it to three, that would make it many times more expensive per month than leasing. The point is that you usually shouldn't buy an investment that won't see returns for 60 months when you have outstanding credit card debt.

A car isn't an investment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Isn't the standard purchase term five years? Assuming you can reduce it to three, that would make it many times more expensive per month than leasing. The point is that you usually shouldn't buy an investment that won't see returns for 60 months when you have outstanding credit card debt.

A car isn't an investment.

Oh I bet you were itching to type that one out.

The irony is that your remark is besides the point being discussed.

[Anonymous]

You have gotten some good advice already.

My observation in my own social circle is that people who are leasing vehicles have eyes bigger than their stomachs. They want something fancy that they can't afford, so they lease it.

Doesn't sound like you are in that situation, OP, since you have enough resources to buy the car. But be careful.

This is my observation as well.

[Anonymous]

Anonymous wrote:

Leasing could be better than buying an unsafe old beater that broke down all the time. leasing = renting.

There are many perfectly safe used vehicles for sale. You are exaggerating. Unsafe old beaters are usually sent to graveyards because nobody will buy them. If you have so little money, your teenager can use public transportation or walk or ride a bike. Geez. Buying your teenager a car is a luxury in itself. Just paying the insurance for a teenager is a luxury that many cannot afford!!

We have different standards for our children than you. You can buy an old beater, ah "used car" for your kid. Works for me.

[Anonymous]

Leasing could be better than buying an unsafe old beater that broke down all the time. leasing = renting.


There are many perfectly safe used vehicles for sale. You are exaggerating. Unsafe old beaters are usually sent to graveyards because nobody will buy them. If you have so little money, your teenager can use public transportation or walk or ride a bike. Geez. Buying your teenager a car is a luxury in itself. Just paying the insurance for a teenager is a luxury that many cannot afford!!



We have different standards for our children than you. You can buy an old beater, ah "used car" for your kid. Works for me.

A car is "used" as soon as it is off the lot. Your children are driving "used" cars as soon as they use them. Would you let your child drive a two or three year old car or is that "too used" for them? There is a huge difference between an old beater and a used car. How old is the car that you drive? You are crazy. Just wait until your children ask to borrow money from you because they can't buy a "used car" or they must have a brand new house or they must only drink Starbucks coffee or eat only organic food. My child is learning how to fix things up and save money. Good luck.

[Anonymous]

^A used car that has been checked by a mechanic and has passed inspection is not necessarily an "old beater". I have no idea where you get these strange ideas. You have clearly never worked around cars or you would know better. There are many, many used cars out on the roads and they are doing fine . . . in fact, great. If you want to waste money, go ahead.

[Anonymous]

Anonymous wrote:

Leasing could be better than buying an unsafe old beater that broke down all the time. leasing = renting.


There are many perfectly safe used vehicles for sale. You are exaggerating. Unsafe old beaters are usually sent to graveyards because nobody will buy them. If you have so little money, your teenager can use public transportation or walk or ride a bike. Geez. Buying your teenager a car is a luxury in itself. Just paying the insurance for a teenager is a luxury that many cannot afford!!



We have different standards for our children than you. You can buy an old beater, ah "used car" for your kid. Works for me.

A car is "used" as soon as it is off the lot. Your children are driving "used" cars as soon as they use them. Would you let your child drive a two or three year old car or is that "too used" for them? There is a huge difference between an old beater and a used car. How old is the car that you drive? You are crazy. Just wait until your children ask to borrow money from you because they can't buy a "used car" or they must have a brand new house or they must only drink Starbucks coffee or eat only organic food. My child is learning how to fix things up and save money. Good luck.

+1 - DCUM helicopter parents are sure breeding some spoiled fucking brats these days.

[Anonymous]

We have different standards for our children than you. You can buy an old beater, ah "used car" for your kid. Works for me.

ROFLMAO. La dee da. When your child needs her tire changed, my kid MIGHT help her . . . and since money is no object for you, he will charge appropriately. Thank you for your patronage. We do take credit cards.

[Anonymous]

The true cost of owning is less with purchasing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We learned that financing our own lease was even cheaper! Bought a new $33k Odyssey in 2011 for cash. Drove it for 39 months. Decided we wanted the built in DVD player (one package higher than we had) and the aftermarket ones were crap. So, we traded it in for a new 2014 with DVD. The new check we wrote for the difference was $8500. My husband is a great negotiator. So we drove the 2011 for $218/month all in. Way cheaper than the lease would have been, but no pressure to turn it in if we hadn't wanted to. We may try it again with this van, we'll see.

It was eye opening.

That's great. Many people don't have 33k and the extra cash to upgrade when they decid they want movies in their car. Leasing is for people who need a low monthly payment on a newer car

Or peopel who want a new car every 3 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We learned that financing our own lease was even cheaper! Bought a new $33k Odyssey in 2011 for cash. Drove it for 39 months. Decided we wanted the built in DVD player (one package higher than we had) and the aftermarket ones were crap. So, we traded it in for a new 2014 with DVD. The new check we wrote for the difference was $8500. My husband is a great negotiator. So we drove the 2011 for $218/month all in. Way cheaper than the lease would have been, but no pressure to turn it in if we hadn't wanted to. We may try it again with this van, we'll see.

It was eye opening.

That's great. Many people don't have 33k and the extra cash to upgrade when they decid they want movies in their car. Leasing is for people who need a low monthly payment on a newer car

Or peopel who want a new car every 3 years and are bad at math.

Fixed it for ya..

[Anonymous]

We own a minivan and leased a second car. (Honda) WIt's young kids, we weren't sure if we might want our second car to be a bigger one eventually, though for now we just need it for commuting. Leasing made sense in our case -- we are also super low mileage.

We figured out thought that leading really isn't such a bad thing financially. Of course it costs more in the long run than buying, but you get a new car every three years, the car is always under warranty, and you never have to change the tires. So you save a lot of time that you'd otherwise spend on repairs, tires, and other maintenance. Also -- I've seen that cars are coming out with great new safety features -- lane watch in all Hondas, for example, and mandatory rear view cameras in all cars. It's nice to always have the new safety features.

Of course, if you lease an expensive car, the residual value will be lower and you will ne paying more for the pleasure of driving a luxury car. But that's the case of you buy too.

[Anonymous]

f course it costs more in the long run than buying, but you get a new car every three years, the car is always under warranty, and you never have to change the tires. So you save a lot of time that you'd otherwise spend on repairs, tires, and other maintenance. Also -- I've seen that cars are coming out with great new safety features -- lane watch in all Hondas, for example, and mandatory rear view cameras in all cars. It's nice to always have the new safety features.

It's probably cheaper to buy and trade every 3 years and you would still get all the benefits you are talking about with the warranty. The maintenance is pretty minimal the first 3 years anyway.

[Anonymous]

Anonymous wrote:

We have different standards for our children than you. You can buy an old beater, ah "used car" for your kid. Works for me.

ROFLMAO. La dee da. When your child needs her tire changed, my kid MIGHT help her . . . and since money is no object for you, he will charge appropriately. Thank you for your patronage. We do take credit cards.

Thanks, but if rather call roadside assistance.

[Anonymous]

I have a 10 year old car that has become a money pit. I already spent my bonus on the transmission, gps no longer works.
My next car will be a lease. Cars should be discarded after a certain age as it just is not worth it anymore.

Has anyone assumed an existing lease? What are the pitfalls to watch out for?
For those that do not know, it is when you take over an existing lease and have it for the remainder time period. That seems to be the only way to get out of a lease.