why lease
10-23-2004, 07:49 AM
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why lease
just curious, i've never leased, it seems like its always better to buy than lease, at the end of the lease, you have nothing, plus youre limited on miles, when you buy, at least you have something to sell or trade, what is everybodys thoughts on leasing vs buying
10-23-2004, 07:53 AM
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from a "business" car perspective, a lease is better because you can write off the full
amount of the payment rather than the depreciation.
some will say "why own a depreciating asset" if it rolls, floats, or flys it's better to lease, etc.
some will say "why own a depreciating asset" if it rolls, floats, or flys it's better to lease, etc.
10-23-2004, 07:55 AM
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new car, no worries about maint, you can beat teh fvck out of it and give it back..
personally id rather spend ~ the same $ + interest to get 2 new cars over 8 yrs than one that i own and have to pay for maint on when sh*t goes bad.
10-23-2004, 07:57 AM
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Re: from a "business" car perspective, a lease is better because you can write off the full
i guess my thinking is that when you lease, you loose everything you pay, start-up + all your lease payments, when you buy, you at least have something to sell or trade at the end, but good point on the business car part
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10-23-2004, 08:11 AM
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well.....
at the end of the lease u give it back and get something new. The money you spent is lower than had you purchased (in most cases)
What exactly do you have at the end after buying it? something to sell or trade? You have spent as much if not more for the honor of ownership over that same peroid and now you have to sell it and hope to make enough money from that to pay off whatever note you have.
Mileage on a lease is definately an issue and if you put 20k a year on your cars then buying is probably better.
Leasing allows me to get A LOT more car than I could if I was buying, no huge downpayment and lower monthly payments.
It all comes out in the wash. to each his own.
What exactly do you have at the end after buying it? something to sell or trade? You have spent as much if not more for the honor of ownership over that same peroid and now you have to sell it and hope to make enough money from that to pay off whatever note you have.
Mileage on a lease is definately an issue and if you put 20k a year on your cars then buying is probably better.
Leasing allows me to get A LOT more car than I could if I was buying, no huge downpayment and lower monthly payments.
It all comes out in the wash. to each his own.
10-23-2004, 08:31 AM
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1999 BMW 323i..............
bought for 28k(using 13k down payment from previous car), sold 4 years later(right when i finished paying it off) for 15k, used 15k to put down on my 2003 A4