Anonymous
05/09/2017 15:54
Subject: Re:Am I a sucker for leasing all of our family cars?
yes.
Anonymous
05/08/2017 22:39
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Leasing is a horrible deal for the consumer and a great deal for the dealership. Just looked up the Tahoe and even if you pay sticker price, that's 950/month if you qualify for 0% interest.
SO lets do some simple math, 600*120=$72,000 for a decade of leasing Tahoe's. Meanwhile the cost of buying (at sticker) is only $57,000.
Did you calculate the time value of money for the $57,000 up front? (I don't lease, always pay cash, but I just wondered if this was truly apples to apples).
AP. However you look at it cars are a money suck.
Anonymous
05/08/2017 22:37
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Leasing is a horrible deal for the consumer and a great deal for the dealership. Just looked up the Tahoe and even if you pay sticker price, that's 950/month if you qualify for 0% interest.
SO lets do some simple math, 600*120=$72,000 for a decade of leasing Tahoe's. Meanwhile the cost of buying (at sticker) is only $57,000.
Did you calculate the time value of money for the $57,000 up front? (I don't lease, always pay cash, but I just wondered if this was truly apples to apples).
Anonymous
05/08/2017 20:24
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:"Only" $600/mo? For American-made junk? Am I the only that caught that?
It's nice & cozy. Fits the entire family.
$600/month for a glorified minivan???
Exactly. I drive a minivan, but at least I paid a minivan price for it.
+1
And ours is only $200/month payment.
Anonymous
05/08/2017 19:47
Subject: Am I a sucker for leasing all of our family cars?
yes, you're an idiot.
Anonymous
05/08/2017 19:45
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Don't you still have to pay for tires and brake jobs on leased cars? Those are the two decent-sized maintenance costs associated with owning a car.
If you add up the amount you're paying per car per month for the lease it's significantly higher than what you'd pay to buy the car even including repair costs.
Our leases have never required tires or brakes. And brakes would be covered under warranty, I think. But never had an issue. Brakes and tires last longer than 24,000-36,000 anyways.
wrong, luxury cars w/ sports packages tires and brakes can wear out at 30k miles. You are on the hook for that or have to pay a fee when you turn in the lease. Whatever is covered under your normal warranty is also covered until your lease, the lease doesn't give you anything additional in terms of warranty coverage.
Work car is a luxury sedan and never had an issue with brakes or tires.
Is it a performance car or just a regular sedan? The low profile tires only last about 20,000 miles.
Anonymous
05/08/2017 19:20
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Unless you can write off the payments for taxes there is NEVER an prudent financial reason to lease versus buy. The other reasons - wanting a new car every 3 years, feeling the need to resize as kids grow, not being able to plan a budget well enough to purchase - are all valid reasons, they're just not reasons that make pure financial sense.
I like the peace of mind. And yes, we like having new cars, but never having car trouble is so nice. Never buying brakes, tires, etc. or visiting a service center. New cars are safer too with latest tech, new tires, perfect brakes, new safety features. With onstar we can track the cars and there's teen driving features to set MPH limits, etc.
I think leasing is bad when you get ripped off and lease something that doesn't lease well, but General Motors throws a lot of money at their leases to make the payments cheaper than they ought to be.
GM does this because they have a high rate of depreciation. You are either stroll car salesman or an idiot. Probably both
Anonymous
05/08/2017 19:19
Subject: Am I a sucker for leasing all of our family cars?
People are stupid and this is why car salesmanmake money
Anonymous
05/08/2017 16:33
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Don't you still have to pay for tires and brake jobs on leased cars? Those are the two decent-sized maintenance costs associated with owning a car.
If you add up the amount you're paying per car per month for the lease it's significantly higher than what you'd pay to buy the car even including repair costs.
Our leases have never required tires or brakes. And brakes would be covered under warranty, I think. But never had an issue. Brakes and tires last longer than 24,000-36,000 anyways.
wrong, luxury cars w/ sports packages tires and brakes can wear out at 30k miles. You are on the hook for that or have to pay a fee when you turn in the lease. Whatever is covered under your normal warranty is also covered until your lease, the lease doesn't give you anything additional in terms of warranty coverage.
Work car is a luxury sedan and never had an issue with brakes or tires.
These aren't issues but standard wear on sports
https://ls1tech.com/forums/general-maintenance-repairs/722982-z-rated-tires-only-good-15-000-miles.html
You linked to a Camaro/Corvette forum?
A BMW 528i with a gentle driver can easily go 40k on one set of tires. A 550i with AWD driven more spiritedly (which I assume is why you'd pay $17k+ more for the V8) can probably burn through a set of tires in less than 10k.
Anonymous
05/08/2017 16:20
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:"Only" $600/mo? For American-made junk? Am I the only that caught that?
It's nice & cozy. Fits the entire family.
$600/month for a glorified minivan???
Exactly. I drive a minivan, but at least I paid a minivan price for it.
Anonymous
05/08/2017 16:15
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:"Only" $600/mo? For American-made junk? Am I the only that caught that?
It's nice & cozy. Fits the entire family.
$600/month for a glorified minivan???
Anonymous
05/08/2017 16:07
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Unless you can write off the payments for taxes there is NEVER an prudent financial reason to lease versus buy. The other reasons - wanting a new car every 3 years, feeling the need to resize as kids grow, not being able to plan a budget well enough to purchase - are all valid reasons, they're just not reasons that make pure financial sense.
I like the peace of mind. And yes, we like having new cars, but never having car trouble is so nice. Never buying brakes, tires, etc. or visiting a service center. New cars are safer too with latest tech, new tires, perfect brakes, new safety features. With onstar we can track the cars and there's teen driving features to set MPH limits, etc.
I think leasing is bad when you get ripped off and lease something that doesn't lease well, but General Motors throws a lot of money at their leases to make the payments cheaper than they ought to be.
Did you see my Odyssey post? In 6 years I have replaced the battery. I have never had "car trouble." I was never stranded. I got a low battery warning light. Bought one at the store and my DH installed it that evening in 5 minutes.
And the safety features are only updated every 6-7 years when the car is redesigned. But whatever you tell yourself to justify the additional expense is for you to decide. Just don't try to convince us its a "deal."
Anonymous
05/08/2017 15:59
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Unless you can write off the payments for taxes there is NEVER an prudent financial reason to lease versus buy. The other reasons - wanting a new car every 3 years, feeling the need to resize as kids grow, not being able to plan a budget well enough to purchase - are all valid reasons, they're just not reasons that make pure financial sense.
I like the peace of mind. And yes, we like having new cars, but never having car trouble is so nice. Never buying brakes, tires, etc. or visiting a service center. New cars are safer too with latest tech, new tires, perfect brakes, new safety features. With onstar we can track the cars and there's teen driving features to set MPH limits, etc.
I think leasing is bad when you get ripped off and lease something that doesn't lease well, but General Motors throws a lot of money at their leases to make the payments cheaper than they ought to be.
Anonymous
05/08/2017 15:58
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Don't you still have to pay for tires and brake jobs on leased cars? Those are the two decent-sized maintenance costs associated with owning a car.
If you add up the amount you're paying per car per month for the lease it's significantly higher than what you'd pay to buy the car even including repair costs.
Our leases have never required tires or brakes. And brakes would be covered under warranty, I think. But never had an issue. Brakes and tires last longer than 24,000-36,000 anyways.
wrong, luxury cars w/ sports packages tires and brakes can wear out at 30k miles. You are on the hook for that or have to pay a fee when you turn in the lease. Whatever is covered under your normal warranty is also covered until your lease, the lease doesn't give you anything additional in terms of warranty coverage.
Work car is a luxury sedan and never had an issue with brakes or tires.
These aren't issues but standard wear on sports
https://ls1tech.com/forums/general-maintenance-repairs/722982-z-rated-tires-only-good-15-000-miles.html
Anonymous
05/08/2017 15:54
Subject: Am I a sucker for leasing all of our family cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Don't you still have to pay for tires and brake jobs on leased cars? Those are the two decent-sized maintenance costs associated with owning a car.
If you add up the amount you're paying per car per month for the lease it's significantly higher than what you'd pay to buy the car even including repair costs.
Our leases have never required tires or brakes. And brakes would be covered under warranty, I think. But never had an issue. Brakes and tires last longer than 24,000-36,000 anyways.
wrong, luxury cars w/ sports packages tires and brakes can wear out at 30k miles. You are on the hook for that or have to pay a fee when you turn in the lease. Whatever is covered under your normal warranty is also covered until your lease, the lease doesn't give you anything additional in terms of warranty coverage.
Work car is a luxury sedan and never had an issue with brakes or tires.