Anonymous
08/06/2022 13:19
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
We don't need to go any further than "buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years". While a 3 year old Kia has a slower 0-60 time and less ability to impress people than a brand new BMW does, as a daily driver it is just as good. Spending extra money for no appreciable benefit of the primary purpose is stupid.
There is no objective standard on "no appreciable benefit" between a Kia and a BMW. To you, there is no benefit, but that's subjective. To feel that your own subjective preferences applies to others, or is superior to the preference of others, is asinine.
Anonymous
08/06/2022 13:18
Subject: Is i stupid to lease cars?
Anonymous wrote:Do you pay VA car tax if you are leasing a car? I don't think so. That is an additional benefit.
Right, so you think the lessor is just eating those costs for you? Of course they aren’t, those costs are passed on through the monthly lease cost. Just like the depreciation is passed on to the lessee. Lessor aren’t in the business of loosing money on the leases.
Anonymous
08/06/2022 13:12
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
We don't need to go any further than "buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years". While a 3 year old Kia has a slower 0-60 time and less ability to impress people than a brand new BMW does, as a daily driver it is just as good. Spending extra money for no appreciable benefit of the primary purpose is stupid.
Anonymous
08/06/2022 13:00
Subject: Is i stupid to lease cars?
It's not always stupid, no, for the reasons that other PPs have laid out.
One of the challenges with leasing is that it can be difficult to understand if you are getting a good deal on all the various terms that go into the lease. It's not a very transparent process.
One of the challenges with leasing is that it can be difficult to understand if you are getting a good deal on all the various terms that go into the lease. It's not a very transparent process.
Anonymous
08/06/2022 12:11
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
LOL you do you?
Is that internet for "I got nothin'"?
No, I don’t care
Then why did you post? That communicates the opposite idea.
How about we post on OPs topic, and not some silly useless banter? What useful thing do you have to say about the content of the post your replied to?
Anonymous
08/06/2022 11:35
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
LOL you do you?
Is that internet for "I got nothin'"?
No, I don’t care
Anonymous
08/06/2022 11:31
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
LOL you do you?
Is that internet for "I got nothin'"?
Anonymous
08/06/2022 10:19
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
LOL you do you?
Anonymous
08/06/2022 10:10
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Why is it stupid to lease a depreciating asset?
+1
You people saying it is "stupid" to lease cars -
You are uninformed and not doing the reading of the posts or the math described. Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.
As a PP wrote earlier, it depends on the depreciation of the asset (the car). It depends on the lease term. It depends on how many miles you drive. It depends on how long the car lasts. It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease. It depends on the financing terms to buy. It depends on the opportunity costs of the capital if you pay cash.
"But those are too many details to figure out!" you will cry. And I agree. But if you are too lazy to do it stop saying "leasing is stupid". Because that is stupid.
Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years. But that has nothing to do with it being a lease vs. a purchase.
Anonymous
08/06/2022 10:09
Subject: Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:
Uhh, I feel like some of these questions were getting are for someone's homework or research paper... same with the leasing a car question. 🤔
Op never gives details about themselves, just continues to ask "why?" or "why not?" or "in what way were you thinking?" when people reply...
It seems pretty obvious.
https://www.dcurbanmom.com/jforum/posts/list/1074121.page
"Is it stupid to lease cars?"
Yeah, I don't know many DCUM'ers who would title a thread about financing a car with "stupid" in the title, especially in the (sometimes) haughty "money & finances" forum, lol.
Inadvisable/ill advised... imprudent... unwise... even, foolish... but stupid??
Yeah, Exhibit A two posts up is a perfect example...
"You should explain why you feel that way". 🤨
Stop giving this kid answers to his homework people.
Don’t be a jerk. OP’s question was a yes/no question. If OP wanted to know reasons, she should’ve asked for it. She never did. Dimwit.
Anonymous
08/06/2022 06:38
Subject: Re:Is i stupid to lease cars?
Why is it stupid to lease a depreciating asset?
Anonymous
08/06/2022 04:33
Subject: Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:
Uhh, I feel like some of these questions were getting are for someone's homework or research paper... same with the leasing a car question. 🤔
Op never gives details about themselves, just continues to ask "why?" or "why not?" or "in what way were you thinking?" when people reply...
It seems pretty obvious.
https://www.dcurbanmom.com/jforum/posts/list/1074121.page
"Is it stupid to lease cars?"
Yeah, I don't know many DCUM'ers who would title a thread about financing a car with "stupid" in the title, especially in the (sometimes) haughty "money & finances" forum, lol.
Inadvisable/ill advised... imprudent... unwise... even, foolish... but stupid??
Yeah, Exhibit A two posts up is a perfect example...
"You should explain why you feel that way". 🤨
Stop giving this kid answers to his homework people.
Anonymous
08/05/2022 17:47
Subject: Re:Is i stupid to lease cars?
Yes Bob Marley, it's stupid to lease cars.
Anonymous
08/05/2022 15:38
Subject: Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Yes, it is financially stupid.
You should explain why you feel that is so.
Same reasons as PPs said. Read.
Anonymous
08/05/2022 15:27
Subject: Is i stupid to lease cars?
Anonymous wrote:Yes, it is financially stupid.
You should explain why you feel that is so.