Lol +1

A car your can't really afford in the first place.

 

Leasing is twofold. Like DavidV mentioned, the vast majority of people lease because the lease payments on a $50K car are like half that of a 48-60 month note. On the other hand, as mentioned above, a lot of wealthy people lease because they have the disposable income to make $600 a month payments for the rest of their lives on 2-3 cars, and want a new car every 2-3 years. Nothing wrong with that.

 

Well hate to keep this going but the really smart thing is to not replace cars every 2-3 years and buy.

Personally if I don't plan on keeping a car for a long time I still buy but I buy used since the big depreciation has already happened.

But trading cars you usually really get it stuck to you

 

As far as the lease thing goes......I can afford a $500-$550 a month car payment, I just think it would be smarter to lease because you arent going to take it in the a$$ if you want to trade in 3 years. With buying a new car you have to put down a HUGE chunk of money and when you trade you are going to lose at least 3-4 grand. I like variety and I want to be able to get a brand new car every 2-3 years. So for me leasing is better then buying

 

You like change, but you got rid of a Z for another Z?

 

LOL. Yeah. I love Z's but when you have an '03 automatic.....to be honest it sucks. I wanted a new car with a good warranty AND I am used to driving my boyfriends manual Z and I LOVE it. Once you go manual you never go back =)

 

Leasing every 3 years is great, but if you have an accidents, door dings, or any vehicle damage, it hurts your pocketbook more than the people that owns the car. Not only damage money for the car, but the value of the car when you turn it in. Some called them stealership for a reason.

 

If you lease for 3 years, you have nothing to trade. The car is not yours.

 

Ive never had to put anything down on any vehicle Ive ever bought. Think there is more to this story.

 

Im not talking like 10K down, $1500 maximum. I've never HAD to put money down either but it sure helps your payments every month if you do.

 

Trust me, paying $500-$550 a month indefinitely is taking it in the ***. That's SIX THOUSAND DOLLARS A YEAR completely wasted. In 5 yrs at 10% in a mutual fund, that $30K you just pissed into a depreciating time bomb is worth, $40,293.66. You tell me doing that every year is smart.

 

I have never paid that much I was just stating that I CAN afford that if I needed to. I have already talked to the dealership and started getting everything together and my payments are going to be nowhere NEAR $500 a month, that was just an example.

 

But yes, paying $500-550 a month for a car under $30K would be retarded.

 

You have been a member for 11 months. Lets get within the program.

 

Not really sure what that is supposed to mean. I guess its a "OLDER member" thing.

 

My bad. I assumed that this was your first 350Z.

 

What happens if the car is mysteriously "stolen" towards the end of the lease and you've been over mileage? That becomes solely your insurance's and the dealer's problem right?

 

Its cool. But nah, I've had a Z and I've been on this forum for awhile, but decided to join finally. Im not really outspoken on here but I know a lot of people and go to a lot of meets =)

 

if you finance a car, its technically not yours until you get the title.

 

And if you finance for 60 months, at the end of 3 years you still don't have any equity. You're probably still upside down, or at best, just break even.

So you really don't have anything to trade anyway.


bilu