Buying vs. Leasing

[night marcher01]

I'm sure we have a 50/50 crowd on NT. Opinions? Any advantages one has over the other?

 

[hankmoody]

http://niketalk.yuku.com/...&advanced=1#.TreQsCp5mK0


...

 

[jthagreat]

"We dont lease we buy the WHOLE car as you should"

MillionTalk/

 

[megatron]

If you want to have a new car often, lease, especially if its a luxury brand such as bmw, mercedes etc. because the post warranty maintenance is costly. But you will never own it, so technically you're paying for peace of mind and a new car when your lease is up.

If you want YOUR car then go ahead and buy. There's nothing wrong with having monthly payments on a car note, as long as you can afford those payments and take decent care of your car and check it often. A lot of people on here hate on it but not everyone is in the position to buy the car they want straight up cash.

Personally I would rather buy the car I want. Same reason I would never rent a home. I want it to be mine, not anybody else's.

 

[hankmoody]

http://niketalk.yuku.com/...&advanced=1#.TreRPyp5mK0

More.

 

[ins]

Its like Buying or Renting?

 

[waitwut]

Originally Posted by megatron

If you want to have a new car often, lease, especially if its a luxury brand such as bmw, mercedes etc. because the post warranty maintenance is costly. But you will never own it, so technically you're paying for peace of mind and a new car when your lease is up.

If you want YOUR car then go ahead and buy. There's nothing wrong with having monthly payments on a car note, as long as you can afford those payments and take decent care of your car and check it often. A lot of people on here hate on it but not everyone is in the position to buy the car they want straight up cash.

Personally I would rather buy the car I want. Same reason I would never rent a home. I want it to be mine, not anybody else's.

this dont sound too bad i can see it now new bmw and benz every few years

or am i missing something?

 

[megatron]

Originally Posted by WaitWut

Originally Posted by megatron

If you want to have a new car often, lease, especially if its a luxury brand such as bmw, mercedes etc. because the post warranty maintenance is costly. But you will never own it, so technically you're paying for peace of mind and a new car when your lease is up.

If you want YOUR car then go ahead and buy. There's nothing wrong with having monthly payments on a car note, as long as you can afford those payments and take decent care of your car and check it often. A lot of people on here hate on it but not everyone is in the position to buy the car they want straight up cash.

Personally I would rather buy the car I want. Same reason I would never rent a home. I want it to be mine, not anybody else's.

this dont sound too bad i can see it now new bmw and benz every few years

or am i missing something?

Well if you're leasing 1 car for 4 years, i assume that when that lease is up you're going to go lease the newest car you can of your choice then.


also leases have limits on how many miles you can drive the car annually.

 

[waitwut]

Originally Posted by megatron

Originally Posted by WaitWut

Originally Posted by megatron

If you want to have a new car often, lease, especially if its a luxury brand such as bmw, mercedes etc. because the post warranty maintenance is costly. But you will never own it, so technically you're paying for peace of mind and a new car when your lease is up.

If you want YOUR car then go ahead and buy. There's nothing wrong with having monthly payments on a car note, as long as you can afford those payments and take decent care of your car and check it often. A lot of people on here hate on it but not everyone is in the position to buy the car they want straight up cash.

Personally I would rather buy the car I want. Same reason I would never rent a home. I want it to be mine, not anybody else's.

this dont sound too bad i can see it now new bmw and benz every few years

or am i missing something?

Well if you're leasing 1 car for 4 years, i assume that when that lease is up you're going to go lease the newest car you can of your choice then.


also leases have limits on how many miles you can drive the car annually.

i see this doesnt sound half bad

lease til im 35 and buy my dream car then

this a good idea?

 

[night marcher01]

Originally Posted by WaitWut

Originally Posted by megatron

Originally Posted by WaitWut


this dont sound too bad i can see it now new bmw and benz every few years

or am i missing something?

Well if you're leasing 1 car for 4 years, i assume that when that lease is up you're going to go lease the newest car you can of your choice then.


also leases have limits on how many miles you can drive the car annually.

i see this doesnt sound half bad

lease til im 35 and buy my dream car then

this a good idea?

Yeah it does seem like the right route for me too, but just wanted to get more opinions on NT. Anybody bought or leased a new car while renting or buying a home?

 

[vendetta]

Buy lightly used. Let someone else take the hit.

 

[al audi]

if a car is 50k +

lease

under 50k, buy used CPO
if you ballin, who gives a (&%$%, straight cash homie.

 

[crcballer55]

Originally Posted by WaitWut

Originally Posted by megatron

Originally Posted by WaitWut


this dont sound too bad i can see it now new bmw and benz every few years

or am i missing something?

Well if you're leasing 1 car for 4 years, i assume that when that lease is up you're going to go lease the newest car you can of your choice then.


also leases have limits on how many miles you can drive the car annually.

i see this doesnt sound half bad

lease til im 35 and buy my dream car then

this a good idea?

OR... you can buy a used car with cash now, drive it until you're 30 while it's paid off and then buy the car above your dream car WITH CASH at that point.

Leasing is the most expensive way to operate a car because you're only paying slightly below what it costs to finance the car with the exception that you don't have anything to show for it in the end.  Buy a 2-4 year old used car and let someone else take the hit on depreciation.  Chances are that it will still have some of the factory warranty in tact too so you'll be covered against any defects in the vehicle.  Personally though, I think the warranty's are overrated since they wouldn't give them if they knew that a large percentage of the vehicles had defects anyways so you're still paying for unnecessary insurance.

 

[mojodmonky1]

Originally Posted by Al Audi

if a car is 50k +

lease

under 50k, buy used CPO
if you ballin, who gives a (&%$%, straight cash homie.

best advice so far, and it will probably go overlooked by most.  shame.