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Forum » Leasing a car is the absolute most potato thing you can do
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Thread: Leasing a car is the absolute most potato thing you can do

post 1555984951 07-11-2018, 09:56 AM
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#31
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How about leasing an electric car? I wanna try one, but don't really wanna buy one for keeps.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1555985071 07-11-2018, 09:57 AM
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#32
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Originally Posted By MarinoMike⏩
Haha. You have no idea mate. You have no idea lol.
I may not have any idea about biology but I do know that strategic leasing has it's place. Especially for young people on the come-up that can easily bet that they'd rather make the downpayment on the back end instead of up front. TMYK
post 1555985091 07-11-2018, 09:58 AM
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#33
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Originally Posted By MuzzieChik786⏩
How about leasing an electric car? I wanna try one, but don't really wanna buy one for keeps.
Muzzie, that's called a test drive. Which is a thing you know.
Originally Posted By shmobin⏩
I may not have any idea about biology but I do know that strategic leasing has it's place. Especially for young people on the come-up that can easily bet that they'd rather make the downpayment on the back end instead of up front. TMYK
My dad owns a dealership, so, I think I know a thing or two about business pal.
6'5 220
i can bench press 135 pounds on a good day
post 1555985291 07-11-2018, 10:00 AM
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#34
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Originally Posted By MarinoMike⏩
My dad owns a dealership, so, I think I know a thing or two about business pal.
My dad was in Nam. That makes me an expert on war.

He's also a black belt which means I could kick your ass bro.
post 1555985321 07-11-2018, 10:00 AM
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#35
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Originally Posted By MarinoMike⏩
Muzzie, that's called a test drive. Which is a thing you know.
No, I mean I want to help the environment and get an electric car for localized shopping and going to work (I work 3 miles from my home). I live in a small town and realistically can get around with an electric. My boss, who makes 200k+ leases one.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1555985381 07-11-2018, 10:01 AM
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#36
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Originally Posted By MuzzieChik786⏩
No, I mean I want to help the environment and get an electric car for localized shopping and going to work (I work 3 miles from my home). I live in a small town and realistically can get around with an electric. My boss, who makes 200k+ leases one.
You don't realize that you're basically burning coal when you drive an electric vehicle?
post 1555985411 07-11-2018, 10:01 AM
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#37
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Originally Posted By MarinoMike⏩
Finance it if you must - but, only take a loan for 3 years. So, what does this mean? It means, buying an approrpriately priced car to where you can still live your life and make ends meet while paying a loan off in three years.
lol at not buying a car in cash

srs
post 1555985491 07-11-2018, 10:02 AM
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#38
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imo the best value is a CPO warranty after like 20k where the warranty last to 80k. you can get a new(ish) car, and not lose a ton on depreciation. typically dealers or local credit unions will give you a low interest rate as well, assuming you have good credit

so let's like 0.9 - 2.09% APR on a 20k vehicle for lets say 5 years? your interest over the life of the loan won't be a terrible amount
post 1555985501 07-11-2018, 10:02 AM
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#39
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Originally Posted By shmobin⏩
My dad was in Nam. That makes me an expert on war.

He's also a black belt which means I could kick your ass bro.
Oh. My. God. You actually took me seriously and think my dad owns a dealership.......
Originally Posted By MuzzieChik786⏩
No, I mean I want to help the environment and get an electric car for localized shopping and going to work (I work 3 miles from my home). I live in a small town and realistically can get around with an electric. My boss, who makes 200k+ leases one.
I'm totally with you here. I want to drive a Tesla sooooo bad.
6'5 220
i can bench press 135 pounds on a good day
post 1555985591 07-11-2018, 10:03 AM
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#40
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Originally Posted By MarinoMike⏩
Oh. My. God. You actually took me seriously and think my dad owns a dealership.......
My dad was't in Nam bro.
post 1555985631 07-11-2018, 10:03 AM
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#41
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Originally Posted By MarinoMike⏩
Oh. My. God. You actually took me seriously and think my dad owns a dealership.......



I'm totally with you here. I want to drive a Tesla sooooo bad.
So yes? Lease an electric car?

(I'm going to convert you soon).

Tesla is overrated, srs.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1555985731 07-11-2018, 10:04 AM
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#42
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Originally Posted By MuzzieChik786⏩
So yes? Lease an electric car?

(I'm going to convert you soon).

Tesla is overrated, srs.
Ride a bike fatty!
****Bringing sixy back in 2019****
6'6" 666lbs......str8 sixy!

Who Tests God and Does Not Wager Their Lives?
post 1555986051 07-11-2018, 10:07 AM
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#43
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Originally Posted By TommyRO⏩
Ride a bike fatty!




I've walked to work many times when the weather was good. Riding makes my tushie hurt.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

2/17/15 - Dunk Tank Results: 15% bf (Omron said 18.6%) - 123.4 lbs LBM
post 1555986191 07-11-2018, 10:08 AM
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#44
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Originally Posted By mchabs⏩
imo the best value is a CPO warranty after like 20k where the warranty last to 80k. you can get a new(ish) car, and not lose a ton on depreciation. typically dealers or local credit unions will give you a low interest rate as well, assuming you have good credit

so let's like 0.9 - 2.09% APR on a 20k vehicle for lets say 5 years? your interest over the life of the loan won't be a terrible amount
this

I have a similar rate on a ten thousand dollar car. The interest is peanuts. Which I will gladly pay for the extra cash on hand for some upcoming expenses atm.
post 1555986311 07-11-2018, 10:11 AM
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#45
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Originally Posted By MarinoMike⏩
If any brahs ever contemplate leasing a car, give me a buzz, I'll come down and kick you in the nuts for free.
Ur broke.
Ol' 71st street. The devil that birthed me.

606 G0D.
post 1555986431 07-11-2018, 10:13 AM
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#46
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Guys, OP is anything but broke and a failure in finance.

:-( why don't you guys get this?
6'5 220
i can bench press 135 pounds on a good day
post 1555986851 07-11-2018, 10:17 AM
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#47
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Originally Posted By wisdommaster1⏩
lol at not buying a car in cash

srs
wrong.

fianncing is betwee 0 - 3% and you can easily outperform that in the market.
you should read this
https://forum.obnoxiousbrutes.com/showthread.php?t=179438063

negs for using "of" where it should be "have"
post 1555987471 07-11-2018, 10:24 AM
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#48
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Originally Posted By MarinoMike⏩
Guys, OP is anything but broke and a failure in finance.

:-( why don't you guys get this?
This post

This thread.


Choose one.
Ol' 71st street. The devil that birthed me.

606 G0D.
post 1555987941 07-11-2018, 10:28 AM
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#49
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lmao at tying up all your money to buy a car only to have to be stuck trying to give it away 10 years later dealing with crap buyers when it's time to "splurge" on that 2004 honda civic with 250k miles
post 1555988651 07-11-2018, 10:35 AM
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Originally Posted By dcycles⏩
Ya because that's way different than a loan???

Lease-
Brb always under warranty
Brb lower payment
Brb guarantee of knowing equity position in 2-3 yrs
Brb short term finance allows you to walk away halfway through loan or buy out the rest.. depending on equity position

Brb.. brb.. u wut m8? Do you even finance advice?? Unless you plan on driving a beater or tieing up a large amount of cash in a vehicle (rapidly depreciating asset)(which would be dumb) leasing is actually a very smart option..

But you sound like you got life figured out so I would keep giving impressionable people horrible advice
This. I was always under the impression that leasing was stupid by misinformed friends and family. So I went with the financing and buying a car. 6 years later I wish I just leased now knowing what I know. People who rip on leasing have no idea wtf they are talking about.
post 1555988871 07-11-2018, 10:37 AM
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#51
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just lol @ OP trying to rustle jimmies after LinuxJon thread where anti-leasers got ethered.
NEW YORK FOOTBALL GIANTS
RED BULL RACING
post 1555988901 07-11-2018, 10:38 AM
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Buy used. I got my subaru for $1,200 from an auction in Wisconsin. $1000 to tow it to NorCal. Replaced the bumper, fenders, Radiator/Ac Condenser, and hood. Cost me ~$5000 after parts, paint, repairs, registration and all fees.

2011 Subaru Impreza 2.5i premium, 76,000 miles

Perfect for my lifestyle.
banned for posting cake farts

**Genova Witness**
post 1555988971 07-11-2018, 10:38 AM
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#53
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Originally Posted By jaqe⏩
What’s the best route to go when purchasing a vehicle? Srs
Paid in Full in Cash boyo

OR at the very least put a large downpayment
PUBG - X1
xX nRAG3D Xx

MCC Crew: WTC crew
post 1555989491 07-11-2018, 10:44 AM
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Originally Posted By Aesthetical⏩
Paid in Full in Cash boyo

OR at the very least put a large downpayment
Cash for program car with a few k miles and already takes its depreciation.


0% financing cool too, but that 30% depreciation for driving it off the lot is ass.

Lease solid option if you have it in your monthly budget. Reliable updates transportation with 0 unseen cost.
Ol' 71st street. The devil that birthed me.

606 G0D.
post 1555989511 07-11-2018, 10:44 AM
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For poor people yes it is. Every car, unless it is a one-off exotic will depreciate. Most rich people I know lease that way they don't tie their money away in depreciating assets. It makes no difference at the end of the day.

One simple example:

Mercedes-Benz S550 129,000$ loaded. In 3 years it will be worth less than half that. Say I purchased one new for 129,000$ and sold it 3 years later for 60 grand. If I leased it for 2000$/month with zero down thats 72 grand in payments. More or less that same as if I bought the car in the first place.

If you are an enthusiast - leasing is perfect. If you are an A to B guy with no money then get yourself a cheap reliable car that doesn't depreciate much (Toyota/Lexus) and keep it until the wheels fall off.

Now - say I wanted a 3 year old used Luxury car. Most of them of are maintenance pits so money in maintaining the vehicle will significantly increase the cost of ownership of the vehicle.

Rich people go through expensive cars yearly usually or at the maximum every 2-3 years. For them it might be better to lease as it saves the burden of having to wait to sell, market changes, and moving large amounts of assets around.
post 1555990341 07-11-2018, 10:52 AM
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I like a new car every 3 years bc I like driving the latest stuff and my taste changes between sedans, sports cars, trucks etc. Please tell me OP why I SHOULDNT lease?
LOL @ people who follow politics
post 1555990761 07-11-2018, 10:56 AM
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ITT people who are unaware of inflation
I'll see you on Mount Olympus
post 1555991201 07-11-2018, 11:01 AM
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Pretty sure the misc is the only place on the internet where I've ever seen leasing being called a "good financial option."

It's always a badfinancialoption for an individual to lease (this is barring playing with taxes).

Is it a good option for other reasons? Sure. Everyone always throws out "I like new cars" and stuff like that. Financial is only one aspect of the car lease, but it's always a bad one.
post 1555991241 07-11-2018, 11:02 AM
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Originally Posted By MarinoMike⏩
Muzzie, that's called a test drive. Which is a thing you know.



My dad owns a dealership, so, I think I know a thing or two about business pal.
What if you use the car for business, then you can write it off on taxes, you can't if you finance...MRino Mike got served beatch
post 1555991341 07-11-2018, 11:03 AM
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Originally Posted By Dan_S⏩
Pretty sure the misc is the only place on the internet where I've ever seen leasing being called a "good financial option."

It's always a badfinancialoption for an individual to lease (this is barring playing with taxes).

Is it a good option for other reasons? Sure. Everyone always throws out "I like new cars" and stuff like that. Financial is only one aspect of the car lease, but it's always a bad one.
See below..tax implications..I know it's hard to grasp the full picture when you don't have much experience in life
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