imported_Zyepher

I'm just trying to gather opinion's on leasing and such. I've been debating on purchasing another and regular car as a daily driver..Looking at the 2007 Mazda3..I added moonroof, rims, and complete warranty with a 5000 dp i'm looking at 235.37 (or some random change) on a 36 month lease. Any advice before I go into the stealership?

imported_mikepasini

number one thing i learned about leasing is the value oif the vehicle after the lease and if its worth it... your buyout and monthly payments rely heavily on what the vehicle will be worth when its done...

like an srt4 isn't a very expensive car to buy... like 26gs base or something...a nd the monthly lease payments are like 630/month... you could get a chrysler 300 for like 450/month and for the same terms and the car is actually worth more... the lady at the dealership explained to me that it all depends on the residual value of the vehicle... soo, look into that...

and why mazda 3?

kwyze

why not find one that is maybe a year old on lease for the same ballpark figures you want to pay a month?

rjngo

financing>leasing

kwasley

DumbasSi

Lease what depreciates, buy what appreciates my dad used to say.

My wife and I lease ours cars because its a bit cheaper then buyign outright. It also makes it easier for us to get a new car so often.In some ways leasing is like renting a car and you are throwing money away. But at then end you can walk away orbuy the car and keep it or sell it. If its a decent car that holds its value, you may even make some of your money back when you sell it.

Ask your delaer to throw in some options, like tints or whatever. I've always received a few extra things. If you can write the car off in some why that can work to your advantage too.

If you plan on putting any money down, every $1000 can lower your monthly payment by about $20.

imported_Zyepher

Yeah right....no, It all depens on the situation and for this instance I want the car for only 3-4 years...i.e. lease is my best and cheapest bet.

Mike, I picked the mazda3 because I find it the best car in it's class with all the options..Toyota nay...honda civic (06 four door) nay, mazda3 yay. I just want a overall 'normal' car. plus my gf wont complain

imported_mugenpowered

It's hard to say that leasing is better than financing or vise-versa. The reason being that the two are actually quite similar.
Leasing finances the depreciation of the vehicle between when it is new and the end of the lease.
Purchase financing finances the whole purchase, so you will end up with money when you sell it.
So over the same term either way you financed the depreciation.
So one might be better than the other depending on your situation (if you want the car long term or short term, or the residual value of the car, leasing/financing rates, etc.)

I probaly aren't making it very clear but this article explains it better: http://finance.sympatico.msn.ca/cont...ome/P39275.asp

MitchG

the only benefit I've discovered of out right buying a car, is that you can drive it as much as you want. My moms car, which is leased, is coming up to its max km limit, 96000, and still has like 8 months left. At that point you get royally ****ed. Itsl ike .10 a km over. So if you're going to drive it a lot, then go for out right buying, if you ask me.

imported_Zyepher

I don't really drive that much and if I do I have one of three other car's I can use.

imported_plzbeleiveit

if i leased a car id never wash it because it just wouldt seem like my own.

imported_t_dot_SiR

i agree with mitchG

if you know you're gonna drive a lot... you're gonna get nowhere when you reach the limit and still have a long road to go before lease expires...

project.mu

y not get a 06 civic lx or something..

imported_Zyepher

I think 06+ are absolutely disgusting....never ever ever ever in consideration. I wouldn't be using massive amounts of km's so I think lease is a better option so when I get more paper ill be laughing

cibs

you need to take some finance courses.


actually if you want to go by pure theory, financing something that depreciates is a real dumb idea.

like mike said, lease what depreciates, finance what appreciates...

also when you lease a car that has a good residual value, your payments might be smaller, and also you can make some money at the end if you can sell it for more than your buy out... most cars that hold their value well are worth more than the buy out... some people purchase cars that at the end of the lease are worth LESS than the buy out, and because they signed the contract they have no choice but to give it back.

I find it amazing how everyone that makes the 'financing>leasing' statement always thinks they've got it right...

Gallagher

I wouldn't lease anything.....

Double_B

Glad you posted this Alex. I was going to suggest to lease a more expensive vehicle that retains it's value much better than a Mazda3, if he can swing it. Buddah and I have had this conversation way back and thought about doing that with like BMW's where if you do it right, you can actually make a small change in cash by buying it out then selling it right after.

cibs

werd brian...

conventional thinking about leasing vs financing is flawed, but that's only because people don't actually understand them individually, so they can't understand how they stack up against each other.

imported_viper_2_4

I agree with what SiverSIG and Double_B posted. It entirely depends on the car, cars with high re-sale values are great to lease, since with a lease you a merely paying for depreciation. People who say "I'd never lease anything" either treat their stuff like complete garbage so ya you shouldn't lease anything, or don't understand how it works....

Mazda3 is probably a good car to lease, it seems to have a decent re-sale value. I'd never lease a Chev Colbalt (poor resale value).

rjngo

financing>leasing