Anonymous
08/06/2022 16:57
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?
Because dumbs$$ you have to keep paying every month forever. Sh*t, is that really hard to understand? Frustrating dimwits.
If you think the length of time you have to pay is more important than the total amount it costs you, then I hope you do not handle the finances for your family.
Ok so I spend about 1000 per year on maintenace of my honda. 17 years old. I paid 23000 and paid 1000/year for last 13 years - 13000. Total of 36k
let's say you lease 350 per month for 17 years - $71400. i don't understand your point.
I know you don't understand my point. Your example is highly flawed as you are comparing one car to multiple new cars.
Redo your math with the same Honda car leased for the same 17 year amount of time. You'll see it is virtually the same as the residual value of the Honda is the same. Whether you lease, buy with financing, or buy with cash and figure against opportunity cost of the capital outlay (which depending on your ROI might be the most expensive of them all). And before you tell me you can't lease a used car, that's false, you can lease any equipment.
The question was "is it stupid to lease cars" not "is it more expensive to have a new car every three years or drive an old one". The latter is a question no one needs to ask as it is obvious - but that's the one you guys answered, even though that was not the question. The former is what I answered.
I'll give you what you want and stop posting as my facts stand alone and have not been refuted. You can go ahead and insult all you want because I know I am correct, and that's enough.
Anonymous
08/06/2022 16:32
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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?
The OP's topic, you pedantic twatwaffle, is "is it stupid to lease a car?" And when people respond to that, you chastise them and complain that the acquisition mechanism for a car has no inherent qualities. And then have the temerity to complain about what *others* are posting?
Just go away. No one likes you. And I imagine that isn't the first time you've heard that.
Your ad hominems indicate you have no facts to support your position. I won’t respond in kind. Have a nice day.
That was my first post in this thread. I don't have a position, I'm just sick of your insufferable posts.
We agree 100%. You don't have a position, and just felt like insulting someone because you don't like their position and have no substantive response. All good here.
Let me just say you are an insufferable a$$. You are not as smart as you think, you are not as cute as you are trying to be. Comes across as a total idiotic jerk. If you want to lease, go ahead. Nobody gives F.
Anonymous
08/06/2022 16:29
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
Because dumbs$$ you have to keep paying every month forever. Sh*t, is that really hard to understand? Frustrating dimwits.
If you think the length of time you have to pay is more important than the total amount it costs you, then I hope you do not handle the finances for your family.
Ok so I spend about 1000 per year on maintenace of my honda. 17 years old. I paid 23000 and paid 1000/year for last 13 years - 13000. Total of 36k
let's say you lease 350 per month for 17 years - $71400. i don't understand your point.
Anonymous
08/06/2022 16:27
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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?
The OP's topic, you pedantic twatwaffle, is "is it stupid to lease a car?" And when people respond to that, you chastise them and complain that the acquisition mechanism for a car has no inherent qualities. And then have the temerity to complain about what *others* are posting?
Just go away. No one likes you. And I imagine that isn't the first time you've heard that.
Your ad hominems indicate you have no facts to support your position. I won’t respond in kind. Have a nice day.
That was my first post in this thread. I don't have a position, I'm just sick of your insufferable posts.
We agree 100%. You don't have a position, and just felt like insulting someone because you don't like their position and have no substantive response. All good here.
Anonymous
08/06/2022 16:25
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Why is it stupid to lease a depreciating asset?
Because dumbs$$ you have to keep paying every month forever. Sh*t, is that really hard to understand? Frustrating dimwits.
If you think the length of time you have to pay is more important than the total amount it costs you, then I hope you do not handle the finances for your family.
Anonymous
08/06/2022 16:07
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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?
The OP's topic, you pedantic twatwaffle, is "is it stupid to lease a car?" And when people respond to that, you chastise them and complain that the acquisition mechanism for a car has no inherent qualities. And then have the temerity to complain about what *others* are posting?
Just go away. No one likes you. And I imagine that isn't the first time you've heard that.
Your ad hominems indicate you have no facts to support your position. I won’t respond in kind. Have a nice day.
That was my first post in this thread. I don't have a position, I'm just sick of your insufferable posts.
+1. LOL.
Anonymous
08/06/2022 15:42
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote:Anonymous wrote: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?
The OP's topic, you pedantic twatwaffle, is "is it stupid to lease a car?" And when people respond to that, you chastise them and complain that the acquisition mechanism for a car has no inherent qualities. And then have the temerity to complain about what *others* are posting?
Just go away. No one likes you. And I imagine that isn't the first time you've heard that.
Your ad hominems indicate you have no facts to support your position. I won’t respond in kind. Have a nice day.
That was my first post in this thread. I don't have a position, I'm just sick of your insufferable posts.
Anonymous
08/06/2022 15:33
Subject: Re:Is i stupid to lease cars?
Anonymous wrote: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?
I posted because op asked. I didn’t banter. I simply answered OP’s question - is it stupid? Yes it is!!!
Anonymous
08/06/2022 15:30
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Why is it stupid to lease a depreciating asset?
Because dumbs$$ you have to keep paying every month forever. Sh*t, is that really hard to understand? Frustrating dimwits.
Anonymous
08/06/2022 14:20
Subject: Re:Is i stupid to lease cars?
Anonymous wrote:Anonymous wrote: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?
The OP's topic, you pedantic twatwaffle, is "is it stupid to lease a car?" And when people respond to that, you chastise them and complain that the acquisition mechanism for a car has no inherent qualities. And then have the temerity to complain about what *others* are posting?
Just go away. No one likes you. And I imagine that isn't the first time you've heard that.
Your ad hominems indicate you have no facts to support your position. I won’t respond in kind. Have a nice day.
Anonymous
08/06/2022 14:16
Subject: Re:Is i stupid to lease cars?
Anonymous wrote: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?
The OP's topic, you pedantic twatwaffle, is "is it stupid to lease a car?" And when people respond to that, you chastise them and complain that the acquisition mechanism for a car has no inherent qualities. And then have the temerity to complain about what *others* are posting?
Just go away. No one likes you. And I imagine that isn't the first time you've heard that.
Anonymous
08/06/2022 14:02
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.
You cannot lease a 3 year old car. Leasing or buying a new car for personal use is always financially stupid relative to buying a used car.
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.
And that has nothing to do with whether the car was leased or purchased.
You can absolutely lease a used car.
The formula is the same based on depreciation.
The cost/value has no bearing on whether buying or leasing.
Why is this so hard to understand?
Anonymous
08/06/2022 13:55
Subject: Is i stupid to lease cars?
It is financially more costly to replace a car every 39 months (or insert whatever lease term you like) than to buy an affordable reliable brand and drive it for 8-10 years.
I really don’t think this can be debated.
However, if you need a shiny new car every few years, then there are probably certain situations where leasing costs less than buying the same car for the same length of time.
I really don’t think this can be debated.
However, if you need a shiny new car every few years, then there are probably certain situations where leasing costs less than buying the same car for the same length of time.
Anonymous
08/06/2022 13:42
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.
You cannot lease a 3 year old car. Leasing or buying a new car for personal use is always financially stupid relative to buying a used car.
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.
And that has nothing to do with whether the car was leased or purchased.
Anonymous
08/06/2022 13:32
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.
And that has nothing to do with whether the car was leased or purchased.