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Forum » If you lease a car, please just remove yourself from the gene pool
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Thread: If you lease a car, please just remove yourself from the gene pool

post 1549304871 04-17-2018, 08:17 AM
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Originally Posted By HockeyBacon18⏩
what about people who are able to write it enough as a business expense in regards to tax purposes.
Can do exactly the same with a car you paid cash for
post 1549305071 04-17-2018, 08:19 AM
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Originally Posted By EliteBrah⏩
dumbass
tell me whats the difference between a $700 car note vs a $300 dollar lease payment? when you sell you only get maybe ~405 back from the 700. So a net gain of 5 dollars per month owning instead of leasing but to get that you have to lay out way more monthly

If you look at the actual net value of payments its only 200-500 dollars more expensive (total) to lease; depending on vehicle. Yet the payments are sometimes a fraction of the cost for owning.

And thats assuming you eventually sell your **** car on the open market; not trade it in the dealer for less. Otherwise the lease is actually cheaper.

Soooo.... significantly less money output (monthly), almost no money down, leave the dealer with a brand new car that you trade in 3 years later for another. Usually no maintenance costs in that time frame

Unless you drive over 15k miles per year or you plan to own for a long time without monthly payments, a lease >>>>>>
Just..no.

Car note? That's leasing under another name. The car is the banks property. When I say cash, I mean cash.
post 1549305151 04-17-2018, 08:20 AM
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Originally Posted By milesgiles1⏩
Can do exactly the same with a car you paid cash for
except then you're stuck with the car as it ages when you could be writing off newer leased vehicles and stay in the latest and greatest. you're arguing an entirely subjective situation. not scientific law.
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post 1549305301 04-17-2018, 08:22 AM
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Originally Posted By EliteBrah⏩
he's maximizing his profit on both sales......
When you negotiate a lease you actually come in as if you are buying the car. When you agree on a number u tell the salesmen to go back as set it up as a lease. They cant add more money off the top. The dealer gets a set money factor and assumed deprecation values that are set in stone. They also cant control the lease agreement terms and % thats up to corporate.
In the real world..nah. Cash is king. You won't get the same base price, however much they will obfuscate to make it look a sweet deal.
post 1549305321 04-17-2018, 08:22 AM
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It's pretty simple. Throwaway cars that you run hard and put up wet are leased. Cars you want to keep long term are buys. Either way it's gonna cost you money. There is no way to win the vehicle game. It's gonna get you coming or going and anyone who says differently is coping.
post 1549305491 04-17-2018, 08:24 AM
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Originally Posted By gixxer0.6g⏩
Show me the spreadsheet including maintenance, warranty issues, trade-in value, and the money saved providing a 7% ROI.

Simpleton.
What's 7%?

And you think the dealer is letting you lease to be nice? Nah.

I don't need a worked example, it's common sense.
post 1549305761 04-17-2018, 08:27 AM
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Originally Posted By Acal83⏩
Work for an auto finance company. OP... Don't even know where to begin but here is my best shot.

Yes... the payment remains exactly the same over three years (average length of a lease.) That payment also happens to be, in general, 50 percent lower than the payment of a retail auto loan for the same vehicle. No, the manufacturer/finance company is not being a "nice guy," leases help them sell cars because of the reduced payment. It also brings a higher return as the rent charge (you could call it interest for simplicity's sake) stays constant over the life of the lease. With a retail loan the principle is reduced as you pay the loan off therefore the interest is lower and lower as the loan is paid down.

From a consumer standpoint you get a brand new car that will be under warranty for the life of the lease. At the end you turn the vehicle in and pay a disposition fee as well as any mileage you went over the contracted amount and wear and tear. If you "bought" the car you would be responsible for the entire value of the vehicle. This becomes a problem when the value of your vehicle is lower than what you currently owe when you want to trade it in. This will almost always be the case. With a lease you get to turn it in regardless of its equity position and owe nothing further (other than what was stated above.)

If you purchase brand new vehicles, tend to trade them in every few years, and take good care of them it can be a great deal.
Whooahh...

I'm not talking about a car loan. That's what ultra poor/stupid people do. I'm only comparing it to paying cash. Since when did cash mean a loan? What's wrong with people ITT?
post 1549305991 04-17-2018, 08:30 AM
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Originally Posted By W1LLW⏩
except then you're stuck with the car as it ages when you could be writing off newer leased vehicles and stay in the latest and greatest. you're arguing an entirely subjective situation. not scientific law.
You aren't stuck with it at all though. You can sell a car a lot quicker and easier than getting out of a lease. Pure science and reason, there's nothing subjective about it
post 1549306041 04-17-2018, 08:31 AM
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Originally Posted By milesgiles1⏩
Whooahh...

I'm not talking about a car loan. That's what ultra poor/stupid people do. I'm only comparing it to paying cash. Since when did cash mean a loan? What's wrong with people ITT?
If you were offered a 0% 5 year auto loan (has been fairly common lately), you'd say no and lock up your capital into a depreciating asset rather than putting the minimum down and letting your money generate solid returns elsewhere? You sound financially illiterate.
post 1549306091 04-17-2018, 08:32 AM
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Originally Posted By aranadiscoteca⏩
post 1549306591 04-17-2018, 08:38 AM
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Originally Posted By milesgiles1⏩
Whooahh...

I'm not talking about a car loan. That's what ultra poor/stupid people do. I'm only comparing it to paying cash. Since when did cash mean a loan? What's wrong with people ITT?
So paying cash > lease. We got that.

Where do you stand with financing vs lease?
post 1549308431 04-17-2018, 08:59 AM
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Originally Posted By allianc3⏩
If you were offered a 0% 5 year auto loan (has been fairly common lately), you'd say no and lock up your capital into a depreciating asset rather than putting the minimum down and letting your money generate solid returns elsewhere? You sound financially illiterate.
If that loan is in your hand and not coming from the dealer then it's an argument, but I don't see that working don't the loan company want to know what you are financing?

Point being, the cash price is lower than the loaned money price. I'm certain.
post 1549308581 04-17-2018, 09:02 AM
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red, you dont know what your talking about.
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post 1549308661 04-17-2018, 09:02 AM
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Originally Posted By GnarlySheen⏩
So paying cash > lease. We got that.

Where do you stand with financing vs lease?
Incredibly complicated, but the lease WILL be made to look more attractive than it really is. Not too many people will read the small print until it's too late, and they've gone over the mileage, found a part not covered, had a balloon payment more than they expected, etc etc..

Keep it simple. And if you need a loan to pay for a car, you can't afford that car.
post 1549308831 04-17-2018, 09:04 AM
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Originally Posted By Zerafian⏩
red, you dont know what your talking about.
And a wild lease monkey appears..

Wonder which angry mod with a lease changed my thread opening paragraph?
post 1549309001 04-17-2018, 09:06 AM
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OP is a moron. Hurr durr I paid "cash" for my 1998 Honda Civic I am a baller

f*k outta here
post 1549309251 04-17-2018, 09:07 AM
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Leasing is sensible if a car will depreciate more over the same period. Most high end luxury cars are leased.
post 1549310241 04-17-2018, 09:18 AM
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it's not black or white

also you have greater cash flow from leasing which you can use to make other investments.


a car is NOT an investment whether you lease or buy it.
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post 1549310351 04-17-2018, 09:19 AM
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Originally Posted By milesgiles1⏩
Incredibly complicated, but the lease WILL be made to look more attractive than it really is. Not too many people will read the small print until it's too late, and they've gone over the mileage,found a part not covered, had a balloon payment more than they expected, etc etc..

Keep it simple. And if you need a loan to pay for a car, you can't afford that car.
Only parts that aren't covered are wear and tear items. Tires, brakes pads, rotors, etc. Everything else is covered during a lease.
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post 1549310481 04-17-2018, 09:21 AM
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Originally Posted By sooby⏩
it's not black or white

also you have greater cash flow from leasing which you can use to make other investments.


a car is NOT an investment whether you lease or buy it.
Very rarely there are some that are, but they are already pricey to start. Like I mentioned before the 2006 Ford GT that has gone up in value. Brand new they were in the mid $100's. Now used they are going for $200k+.
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post 1549310491 04-17-2018, 09:21 AM
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Originally Posted By eXistenceLies⏩
Only parts that aren't covered are wear and tear items. Tires, brakes pads, rotors, etc. Everything else is covered during a lease.
BMW, Jag and a few other brands I own all have everything covered except tires and gas for the entirety of the lease.
post 1549310551 04-17-2018, 09:22 AM
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Originally Posted By EnforcerOTF⏩
BMW, Jag and a few other brands I own all have everything covered except tires and gas for the entirety of the lease.
Not bad to have the pads covered. Did not know that.
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post 1549310601 04-17-2018, 09:23 AM
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Originally Posted By eXistenceLies⏩
Not bad to have the pads covered. Did not know that.
yep, even wipers and oil changes. don't pay for a thing
post 1549310711 04-17-2018, 09:24 AM
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Originally Posted By milesgiles1⏩
Whooahh...

I'm not talking about a car loan. That's what ultra poor/stupid people do. I'm only comparing it to paying cash. Since when did cash mean a loan? What's wrong with people ITT?
Average new car price in 2016 was $33,000.00. The vast majority of consumers do not pay cash for a new vehicle. Even people who aren't "ultra poor/stupid" choose not to do that because, as another poster said, money is basically free right now.
post 1549310771 04-17-2018, 09:24 AM
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Buy what goes up in value.
Lease what goes down in value.
post 1549310851 04-17-2018, 09:25 AM
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Originally Posted By EnforcerOTF⏩
yep, even wipers and oil changes. don't pay for a thing
LOL damn even wipers? I can see oil changes being covered. May have to lease out a luxury car now.
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post 1549310901 04-17-2018, 09:26 AM
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Originally Posted By eXistenceLies⏩
LOL damn even wipers? I can see oil changes being covered. May have to lease out a luxury car now.
dude everything, i haven't paid a single cent on maintenance in over 10 years. and i always trade in before it's time for new tires
post 1549311211 04-17-2018, 09:29 AM
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Originally Posted By EnforcerOTF⏩
dude everything, i haven't paid a single cent on maintenance in over 10 years. and i always trade in before it's time for new tires
That might be an option in my future. As long as they have a decent sound system I am game. That is the only reason I purchase vehicles is to add a custom stereo system in it. I just hate the majority of factory sound systems. Though I will say my girl's 16' Jeep Cherokee sounds pretty good with the factory 8" sub in it.
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post 1549311331 04-17-2018, 09:31 AM
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Originally Posted By eXistenceLies⏩
That might be an option in my future. As long as they have a decent sound system I am game. That is the only reason I purchase vehicles is to add a custom stereo system in it. I just hate the majority of factory sound systems. Though I will say my girl's 16' Jeep Cherokee sounds pretty good with the factory 8" sub in it.
Lot of the newer german/british cars have good sound systems. My jag has a 770W sound system that's really good, as well as some of my other cars have Burmeister & Bang and Olufsen.

I really don't have a need to buy older cars anymore, except I am on the lookout for an E-Type.
post 1549311571 04-17-2018, 09:34 AM
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Just fuking lmao if you aren't leasing.

brb low payment
brb new car in 3 years
brb not owning depreciating asset
brb warranty
brb brb brb

Only people who make between 40k-100k and think they know everything about money think leasing is bad.
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