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Thinking about leasing the wife a new car.
Posted on 6/13/10 at 12:41 pm
Posted on 6/13/10 at 12:41 pm
She does not put more than 10k miles a year on a car. Anyone who had leased a car before can you give me your pros and cons of leasing a car.
Thanks
Thanks
4
Posted on 6/13/10 at 8:33 pm to saints1978
I have yet to see a good reason for an individual to lease a car- just buy one
Posted on 6/13/10 at 8:43 pm to saints1978
(no message)
This post was edited on 2/5/25 at 5:31 am
Posted on 6/14/10 at 6:42 am to lnomm34
Leased once, never again. Best cost benefit, buy a 2 yer old car.
Posted on 6/14/10 at 7:31 am to JWS3
quote:
buy a 2 yer old car
You can find great cars for about that old with hardly any miles and much cheaper than a new one. If the wife only drives 10k miles a year, the car should last you a long time. Don't lease it.
Posted on 6/14/10 at 9:36 am to lob1284
cue the next few posts talking about how it CAN be done etc.
Posted on 6/14/10 at 10:19 am to wegotdatwood
quote:
Thinking about leasing the wife
I stopped right there.
Posted on 6/14/10 at 10:52 am to wegotdatwood
quote:
cue the next few posts talking about how it CAN be done etc.
Rarely a good financial move, but if someone does not mind losing a little bit of money and the enjoyment they get from being in a brand new car every few years is worth it to them, then leasing can be a decent option.
Also lets you drive a car that you couldn't otherwise afford.
Posted on 6/14/10 at 12:04 pm to saints1978
Leases are good if the company is subsidizing it. What will get you is the $2k they will want the next time to get a good payment, which will have to come out of your pocket.
It's not hard to figure out what payments would be over the life of a car vs lease payments.
It's not hard to figure out what payments would be over the life of a car vs lease payments.
Posted on 6/14/10 at 12:41 pm to JWS3
quote:
Leased once, never again.
+1
Posted on 6/14/10 at 12:44 pm to lynxcat
quote:
Also lets you drive a car that you couldn't otherwise afford
This is the bottom line, with few exceptions
Posted on 6/14/10 at 1:43 pm to saints1978
There are some cases where its good to buy a new car and there are come cases where its bad.. But its never a good idea to lease a car. Unless you have to have constant warranty and a new car every few years. It may work better for a company to do than an individual.
BTW cases where its a good idea to buy new:
Trucks - due to high resale values they do not depreciate as fast plus trucks can be run pretty hard. So knowing the maintenance of buying a used one can be pretty hard.
Cars that can be bought new with rebates.
I just bought my wife a new Camry because it had a 2k rebate and free maintenance for 3 years. (2 is standard and they added another year for going through toyota financial). The sale price of the car ended up being the current value now as used so basically she made up for the loss in the rebate.
BTW cases where its a good idea to buy new:
Trucks - due to high resale values they do not depreciate as fast plus trucks can be run pretty hard. So knowing the maintenance of buying a used one can be pretty hard.
Cars that can be bought new with rebates.
I just bought my wife a new Camry because it had a 2k rebate and free maintenance for 3 years. (2 is standard and they added another year for going through toyota financial). The sale price of the car ended up being the current value now as used so basically she made up for the loss in the rebate.
Posted on 6/14/10 at 1:46 pm to lynxcat
I'm not getting into another debate about this.
Posted on 6/14/10 at 2:06 pm to kfizzle85
How about Leasing a wife? Would this make sound financial sense?
Posted on 6/14/10 at 2:10 pm to kfizzle85
About leasing or buying new?
I know that I went and negotiated a new camry and a used camry with two different dealers this weekend. I was able to get a new camry with rebates and that 3 years of maintenance at about the same price as what I was able to negotiate a used camry with 25k miles on it. Getting her into a brand new car with a longer warranty included and free maintenance was more worthwhile than saving the 500 dollar or so on getting the used car.
Sometimes you have to look at new cars as well as used just to see if its worth buying used or not. As for as a lease.. Unless your company gives you X amount of dollars for a car it makes no sense to me unless you are trying to keep up with the neighbors.
I know that I went and negotiated a new camry and a used camry with two different dealers this weekend. I was able to get a new camry with rebates and that 3 years of maintenance at about the same price as what I was able to negotiate a used camry with 25k miles on it. Getting her into a brand new car with a longer warranty included and free maintenance was more worthwhile than saving the 500 dollar or so on getting the used car.
Sometimes you have to look at new cars as well as used just to see if its worth buying used or not. As for as a lease.. Unless your company gives you X amount of dollars for a car it makes no sense to me unless you are trying to keep up with the neighbors.
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