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When is leasing a car a good idea?


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#1 Kurb

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Posted 21 January 2014 - 01:13 PM

Thinking about getting a different ride soon.

Considering a lease.

 

Discuss



#2 frash.exe

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Posted 21 January 2014 - 01:31 PM

Is work close?

A lot of these deals have mileage restrictions

#3 cookinwithgas

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Posted 21 January 2014 - 01:33 PM

I lease, benefit is if you like a new car on a regular basis and don't put a ton of miles on the vehicle. Sometimes you can get really good lease deals on cars that are not moving all that great on the lot. Leasing means you get more car for the money but you have no real equity in it.

If you keep you cars for 4 years or more don't do it as a general rule. I lease my VW and like the process

#4 h0llywood

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Posted 21 January 2014 - 01:35 PM

Thinking about getting a different ride soon.

Considering a lease.

 

Discuss

 

I have 2 car leases. But the answer depends on the following:

 

What kind of vehicle are you trying to lease? Make, Class

How far do you live from work? (This can be rectified)

How much are you willing to put down?

Are you self employed?



#5 Panthro

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Posted 21 January 2014 - 02:23 PM

Thinking about getting a different ride soon.

Considering a lease.

 

Discuss

 

Depends on how often this feeling hits you



#6 Panthro

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Posted 21 January 2014 - 02:24 PM

That being said I prefer to buy a nice car that is 2-3 years old with low miles. Not sure I'll ever buy new again



#7 h0llywood

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Posted 21 January 2014 - 02:36 PM

That being said I prefer to buy a nice car that is 2-3 years old with low miles. Not sure I'll ever buy new again

 

That's my thing, I would much rather have a new car every 3 years.



#8 pstall

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Posted 21 January 2014 - 02:41 PM

I like not having a payment. I view that as a gained opportunity to put my money to work instead of a car payment. But you have to be smart and dont be a penny wise and a pound foolish either and keep throwing good money after bad by upkeep on a car.
The mileage can be tricky. You might stay under the miles but then you are paying to park your car. Which is umm odd.
Our next car I keep debating to lease or not. I hate payments but I have now crossed the threshold of too many repairs.

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#9 Mother Grabber

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Posted 21 January 2014 - 02:55 PM

I own my car.  $400 more per month in the hooker fund for me.



#10 Brooklyn Bully

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Posted 21 January 2014 - 02:57 PM

Leases are great if you have money, like having something new every 2-3 years, and if something happens the money you have will take care of it.

 

Before I moved up to non-car land, I leased a BMW 135i. Fuggin LOVED that thing. But there's no way I'd want to own it nor drive it for more than a few years.



#11 thefuzz

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Posted 21 January 2014 - 03:21 PM

Thinking about getting a different ride soon.

Considering a lease.

 

Discuss

 

What do you want?



#12 Kurb

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Posted 21 January 2014 - 03:26 PM

What do you want?

 

 

Small SUV, like an Edge or similar.

 

Need to not be bogged down by big payment.

 

I'll likely get something gently used, might even be forced to trade in the ole Jeep :( :( :(




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