Lease options
07-Sep-2006, 09:41 AM
#27
Senior Member
Join Date: Jun 2005
Location: D O W N T O W N
Posts: 4,484
^ ey moron? well imo leasing is just a waste of my money because its basically renting a car over a period of time plus you don't have a lot of freedom to the car, only good thing about leasing over financing is that is a lil cheaper. if you guys can't respect my opinion the what can i do
and don't be calling me a moron if you don't know me...moron!
and before this thread gets wild and close...i didn't start any of this naming thing - all i did was give my opinion
and don't be calling me a moron if you don't know me...moron!
and before this thread gets wild and close...i didn't start any of this naming thing - all i did was give my opinion
07-Sep-2006, 09:57 AM
#28
Senior Member
Join Date: Aug 2002
Location: Mississauga
Posts: 13,184
^^he speaks! 
ahh... see here is where it's all messed up because leasing is leasing and renting is a totally different issue... you can do whatever you want to the car if you 1 - plan on keeping it after the lease OR 2 - return it to the same condition as stock or better when you return it to the dealership...
clearly you don't understand what a lease really is. Hence your flawed assumption that it's a waste of your money. When you finance a car, you're paying more because your paying for the depreciation of the car AND the payment to buy the car... when you're paying a lease you're only paying the depreciation of the car over the time you're using it. So say after 4 years, you own your car and i've leased mine... i've paid less than you... you've paid more... so say i paid 15g's over 4 yrs and you paid 25... that 10 g difference is the buyout value of the car... the only difference is that while your 10g's was tied up in the car over the past 4 years i've been able to do whatever i want with it. I could invest it at even 0.001% and make more than you made on your car because your car is a continually depreciating liability...
if i take those 10g's and invest it even in a GIC at 4%... i've again made WAAY more than you have... and i have the flexibility to do whatever i want with those 10gs at the end.. i can buy the car if i want... or hell i can get a new car... where as you have it tied up in that car which is getting worth less and less every day...
ALSO there's other benefits to not actually owning the car .. such as if you have a lease and the car gets in an accident you can just return it... if you own the car and it gets mashed up and insurance decides on fixing it you'll have a hell of a time selling it if it's been in an accident, or a dealer will give you less money than they should... with a lease you drop it off and your done with it.
ALSO if you work for yourself or have expenses through work you can write off your lease payments... you can't do that if you own your car...
You did just give your opinion, but an opinion without any backing or reasoning for it is pretty useless, especially when you make a big generic statement like that...
a more generically correct statement would be 'it is always better to lease a depreciating liability and always better to finance an appreciating asset.'
ahh... see here is where it's all messed up because leasing is leasing and renting is a totally different issue... you can do whatever you want to the car if you 1 - plan on keeping it after the lease OR 2 - return it to the same condition as stock or better when you return it to the dealership...
clearly you don't understand what a lease really is. Hence your flawed assumption that it's a waste of your money. When you finance a car, you're paying more because your paying for the depreciation of the car AND the payment to buy the car... when you're paying a lease you're only paying the depreciation of the car over the time you're using it. So say after 4 years, you own your car and i've leased mine... i've paid less than you... you've paid more... so say i paid 15g's over 4 yrs and you paid 25... that 10 g difference is the buyout value of the car... the only difference is that while your 10g's was tied up in the car over the past 4 years i've been able to do whatever i want with it. I could invest it at even 0.001% and make more than you made on your car because your car is a continually depreciating liability...
if i take those 10g's and invest it even in a GIC at 4%... i've again made WAAY more than you have... and i have the flexibility to do whatever i want with those 10gs at the end.. i can buy the car if i want... or hell i can get a new car... where as you have it tied up in that car which is getting worth less and less every day...
ALSO there's other benefits to not actually owning the car .. such as if you have a lease and the car gets in an accident you can just return it... if you own the car and it gets mashed up and insurance decides on fixing it you'll have a hell of a time selling it if it's been in an accident, or a dealer will give you less money than they should... with a lease you drop it off and your done with it.
ALSO if you work for yourself or have expenses through work you can write off your lease payments... you can't do that if you own your car...
You did just give your opinion, but an opinion without any backing or reasoning for it is pretty useless, especially when you make a big generic statement like that...
a more generically correct statement would be 'it is always better to lease a depreciating liability and always better to finance an appreciating asset.'
07-Sep-2006, 10:07 AM
#29
Senior Member
Join Date: Jun 2005
Location: D O W N T O W N
Posts: 4,484
you know what guys...you win k! 'it is always better to lease a depreciating liability and always better to finance an appreciating asset.'
i don't have time to argue with you guys. is this how you guys treat others here with a different opinions than you...pls be respectful
i don't have time to argue with you guys. is this how you guys treat others here with a different opinions than you...pls be respectful
07-Sep-2006, 10:14 AM
#30
Guest
Posts: n/a
Originally posted by rjngo
you know what guys...you win k! 'it is always better to lease a depreciating liability and always better to finance an appreciating asset.'
i don't have time to argue with you guys. is this how you guys treat others here with a different opinions than you...pls be respectful
you know what guys...you win k! 'it is always better to lease a depreciating liability and always better to finance an appreciating asset.'
i don't have time to argue with you guys. is this how you guys treat others here with a different opinions than you...pls be respectful
In the end, a car is a bad investment period. By leasing, you are not financing the whole car per say, this way you are not loosing on your total cost, that is all they were trying to explain to you. If you prefer to finance over leasing, no one is going to beat you to death about it, but I agree, if someone makes a statement, I would like to hear why they think a is better than b.
07-Sep-2006, 10:20 AM
#32
Registered User
Join Date: Mar 2004
Posts: 1,730
leasing is not always better than financing, if it was, financing would not even be an option
different situations and lives call for different money management
getting into personal debates over which is the ultimate way to pay for a car makes you all morons, since there is no absolute right and absolute wrong in this debabte
if you have a very very stable job, and your life settled, then by all means, lease.. but if you work at a place wehre you can be replaced any minute, in an unstable job market, with unforseen expenses that may come up (such as moving out, etc), then being stuck with a lease and insurance payment may be too much to handle if **** goes wrong
you have consider many other long term factors when making a long term decision like this
i myself decided to finance my car. the difference with the apr that i got was negligable, plus i like to take pride in owning my posessions.. not livign a life of constant borrowing and payments
different situations and lives call for different money management
getting into personal debates over which is the ultimate way to pay for a car makes you all morons, since there is no absolute right and absolute wrong in this debabte
if you have a very very stable job, and your life settled, then by all means, lease.. but if you work at a place wehre you can be replaced any minute, in an unstable job market, with unforseen expenses that may come up (such as moving out, etc), then being stuck with a lease and insurance payment may be too much to handle if **** goes wrong
you have consider many other long term factors when making a long term decision like this
i myself decided to finance my car. the difference with the apr that i got was negligable, plus i like to take pride in owning my posessions.. not livign a life of constant borrowing and payments
07-Sep-2006, 10:24 AM
#33
Guest
Posts: n/a
Originally posted by ERTW
leasing is not always better than financing, if it was, financing would not even be an option
different situations and lives call for different money management
getting into personal debates over which is the ultimate way to pay for a car makes you all morons, since there is no absolute right and absolute wrong in this debabte
if you have a very very stable job, and your life settled, then by all means, lease.. but if you work at a place wehre you can be replaced any minute, in an unstable job market, with unforseen expenses that may come up (such as moving out, etc), then being stuck with a lease and insurance payment may be too much to handle if **** goes wrong
you have consider many other long term factors when making a long term decision like this
i myself decided to finance my car. the difference with the apr that i got was negligable, plus i like to take pride in owning my posessions.. not livign a life of constant borrowing and payments
leasing is not always better than financing, if it was, financing would not even be an option
different situations and lives call for different money management
getting into personal debates over which is the ultimate way to pay for a car makes you all morons, since there is no absolute right and absolute wrong in this debabte
if you have a very very stable job, and your life settled, then by all means, lease.. but if you work at a place wehre you can be replaced any minute, in an unstable job market, with unforseen expenses that may come up (such as moving out, etc), then being stuck with a lease and insurance payment may be too much to handle if **** goes wrong
you have consider many other long term factors when making a long term decision like this
i myself decided to finance my car. the difference with the apr that i got was negligable, plus i like to take pride in owning my posessions.. not livign a life of constant borrowing and payments
Thanks for yours and thanks for calling everyone with an opinion a moron.
07-Sep-2006, 10:27 AM
#34
Registered User
Join Date: Mar 2004
Posts: 1,730
Originally posted by Double_B
No one said leasing is for everyone, and it's everyone's opinion. It is a discussion in here that is taken place.
Thanks for yours and thanks for calling everyone with an opinion a moron.
No one said leasing is for everyone, and it's everyone's opinion. It is a discussion in here that is taken place.
Thanks for yours and thanks for calling everyone with an opinion a moron.
07-Sep-2006, 10:39 AM
#35
Guest
Posts: n/a
Originally posted by ERTW
thanks for your reading comprehension skills.. i did not call everyone with an opinion a moron.. just those that are so set in their opinion that they are unwilling to acknowledge that there are benefits to both, and claim that one is always better than the other
thanks for your reading comprehension skills.. i did not call everyone with an opinion a moron.. just those that are so set in their opinion that they are unwilling to acknowledge that there are benefits to both, and claim that one is always better than the other
07-Sep-2006, 10:48 AM
#36
Registered User
Join Date: Mar 2004
Posts: 1,730
Originally posted by Double_B
And apparently you have no comprehensions skills either. My statement was that everyone's opinion on this subject, ergo you called them morons. And their claim is only that, their opinion. You can disagree that is your opinion, no one said it was the right way and the other is the wrong way.
And apparently you have no comprehensions skills either. My statement was that everyone's opinion on this subject, ergo you called them morons. And their claim is only that, their opinion. You can disagree that is your opinion, no one said it was the right way and the other is the wrong way.
07-Sep-2006, 11:18 AM
#38
Senior Member
Join Date: Aug 2002
Location: Mississauga
Posts: 13,184
Originally posted by ERTW
different situations and lives call for different money management
different situations and lives call for different money management
except for some people that said financing>leasing unconditionally...
it's all subjective... depending on what's best for you.
and who's getting into a personal debate? how you feel about the issue doesn't affect me on a personal level at all... this is an open debate... an my only opinion was that leasing has advantages over financing, just like financing has some advantages over leasing...
it's all about trade-offs... just like life. you can't have everything, so you pick which works best for you...
and rjngo i wasn't trying to be rude, neither was anyone else, but
to what brian said, if you have an opinion on the issue state why you have your opinion. making statements doesn't foster a discussion...
07-Sep-2006, 02:14 PM
#39
-- site donator --
Join Date: Apr 2002
Location: Hamilton
Posts: 6,647
C'mon, group hug.
Anyway, you are not really "stuck" in a lease. If you are in relatively good standing with your delaer, they may take the car back early.
In my case, I wanted a nw Si and my dealer took my 03 back 1.5 years early with no cost from me. In some cases, if you are near your allowed K's early they will take the car back and give you a new one.
You can also mod the car slightly. My 03 had a few minor mods and the dealer didn't care. They can take the stuff off or sell it with the parts.
And when you lease a car, you can pay a damage deposit so if that when the car is returned with some flaws, they just keep the deposit for repairs instead of charging you extra.
Anyway, you are not really "stuck" in a lease. If you are in relatively good standing with your delaer, they may take the car back early.
In my case, I wanted a nw Si and my dealer took my 03 back 1.5 years early with no cost from me. In some cases, if you are near your allowed K's early they will take the car back and give you a new one.
You can also mod the car slightly. My 03 had a few minor mods and the dealer didn't care. They can take the stuff off or sell it with the parts.
And when you lease a car, you can pay a damage deposit so if that when the car is returned with some flaws, they just keep the deposit for repairs instead of charging you extra.
07-Sep-2006, 02:17 PM
#40
Guest
Posts: n/a
Originally posted by DumbasSi
C'mon, group hug.
Anyway, you are not really "stuck" in a lease. If you are in relatively good standing with your delaer, they may take the car back early.
In my case, I wanted a nw Si and my dealer took my 03 back 1.5 years early with no cost from me. In some cases, if you are near your allowed K's early they will take the car back and give you a new one.
You can also mod the car slightly. My 03 had a few minor mods and the dealer didn't care. They can take the stuff off or sell it with the parts.
And when you lease a car, you can pay a damage deposit so if that when the car is returned with some flaws, they just keep the deposit for repairs instead of charging you extra.
C'mon, group hug.
Anyway, you are not really "stuck" in a lease. If you are in relatively good standing with your delaer, they may take the car back early.
In my case, I wanted a nw Si and my dealer took my 03 back 1.5 years early with no cost from me. In some cases, if you are near your allowed K's early they will take the car back and give you a new one.
You can also mod the car slightly. My 03 had a few minor mods and the dealer didn't care. They can take the stuff off or sell it with the parts.
And when you lease a car, you can pay a damage deposit so if that when the car is returned with some flaws, they just keep the deposit for repairs instead of charging you extra.
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