Anonymous
Post 10/15/2018 09:07     Subject: Car Lease - 45K car - zero down?
My wife got a GMC Acadia in a five year zero down zero percent interest deal. The five years just ended this month and she now owns car.

Surprisingly GM was also doing a three year zero down lease at zero percent and the payments were not that much different. Now she will drive a few more years with zero payments till truck starts acting up

Anonymous
Post 10/13/2018 18:06     Subject: Car Lease - 45K car - zero down?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:A big point no one has mentioned - owners pay the lease payment too, it gets taken out of net worth rather than income, but it's still there


Did you really need to reply to a three year old thread? Now that I think about it, I wonder if the OP took that lease? If so, she probably needs another one now. While if she had done a purchase, she would have 2 years left and own the car free and clear.

My last car cost 30k, I paid 0% interest and owned it for 12 years. Can you imagine what it would have cost to get four separate three year leases on cars that cost 30k each? I guarantee it would have been more than the total 30k I paid with no interest.


You own a WHOLE CAR OUTRIGHT. WOW.


Believe it or not, yes. Some people buy things instead of rent. Let me guess, you rent all your furniture from rent-a-center because you don’t buy depreciating assets?


Honey we could buy 3 of your 30k shitboxes every month, we choose to enjoy ourselves instead
Anonymous
Post 10/13/2018 13:54     Subject: Car Lease - 45K car - zero down?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:A big point no one has mentioned - owners pay the lease payment too, it gets taken out of net worth rather than income, but it's still there


Did you really need to reply to a three year old thread? Now that I think about it, I wonder if the OP took that lease? If so, she probably needs another one now. While if she had done a purchase, she would have 2 years left and own the car free and clear.

My last car cost 30k, I paid 0% interest and owned it for 12 years. Can you imagine what it would have cost to get four separate three year leases on cars that cost 30k each? I guarantee it would have been more than the total 30k I paid with no interest.


You own a WHOLE CAR OUTRIGHT. WOW.


Believe it or not, yes. Some people buy things instead of rent. Let me guess, you rent all your furniture from rent-a-center because you don’t buy depreciating assets?
Anonymous
Post 10/12/2018 20:04     Subject: Car Lease - 45K car - zero down?
Don't put money down on a lease.
Anonymous
Post 10/12/2018 19:22     Subject: Car Lease - 45K car - zero down?
Anonymous wrote:
Anonymous wrote:A big point no one has mentioned - owners pay the lease payment too, it gets taken out of net worth rather than income, but it's still there


Did you really need to reply to a three year old thread? Now that I think about it, I wonder if the OP took that lease? If so, she probably needs another one now. While if she had done a purchase, she would have 2 years left and own the car free and clear.

My last car cost 30k, I paid 0% interest and owned it for 12 years. Can you imagine what it would have cost to get four separate three year leases on cars that cost 30k each? I guarantee it would have been more than the total 30k I paid with no interest.


You own a WHOLE CAR OUTRIGHT. WOW.
Anonymous
Post 10/12/2018 09:41     Subject: Re:Car Lease - 45K car - zero down?
Anonymous wrote:
Anonymous wrote:You cannot afford it, if you don't have enough for a down payment.


OP: don't let the dealer sell you on monthly payment. Ask them for money factor and residual value (for the mileage amount you want, 10K, 15K, etc.). If they refuse to tell you, walk out. Once you have these two numbers, you can run the lease payment yourself (do you know how?). Last, pick the car/options/color/etc. then NEGOTIATE the price just like you are buying a car.


This. I walked into my last purchase negotiation, which was going to include a trade-in, with my laptop out. The guy was NOT psyched. He kept trying to bring it to monthly payment. I kept bringing it back to value of the trade-in, the purchase price, and the loan rate.
Anonymous
Post 10/12/2018 08:57     Subject: Car Lease - 45K car - zero down?
Anonymous wrote:A big point no one has mentioned - owners pay the lease payment too, it gets taken out of net worth rather than income, but it's still there


Did you really need to reply to a three year old thread? Now that I think about it, I wonder if the OP took that lease? If so, she probably needs another one now. While if she had done a purchase, she would have 2 years left and own the car free and clear.

My last car cost 30k, I paid 0% interest and owned it for 12 years. Can you imagine what it would have cost to get four separate three year leases on cars that cost 30k each? I guarantee it would have been more than the total 30k I paid with no interest.
Anonymous
Post 10/12/2018 05:40     Subject: Car Lease - 45K car - zero down?
A big point no one has mentioned - owners pay the lease payment too, it gets taken out of net worth rather than income, but it's still there
Anonymous
Post 06/28/2015 06:42     Subject: Car Lease - 45K car - zero down?
Surely a new car is a waste. Why do you not recommend a 3 year old car?
Can people not lease a slighly older car
Anonymous
Post 06/27/2015 13:38     Subject: Re:Car Lease - 45K car - zero down?
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.



If you can buy new and keep a car for 10 years, you will come out ahead buying. Leasing should not be your only option.
Anonymous
Post 06/27/2015 11:35     Subject: Re:Car Lease - 45K car - zero down?
Insurance on a leased car is more expensive too. Best is to buy a car one or two years old.