Does anyone actually "Buy" their cars anymore?
Registered User
Joined: Mar 2008
Posts: 435
Likes: 0
From: San Diego, CA
I make under $100K a year and i can afford rent, another lease car payment, insurance on both cars, utilities, credit card, evrything my 1 year old daughter needs, and i still have no trouble making my lease payment on my new G37 Sport Coupe....so how is it i have no business driving a 45K sports coupe around???? 
It will be interesting to see how the perspective change if in fact we see some economic hard times and inflation.
The lease concept is what got all these people into the housing trouble they are in. ARMS, interest only (depreciation only??), etc.
Yes, a different industry but the point is that people fundamentally wnat what they can not afford.
Since they can not walk in plop 10K down and get a good monthly payment which would allow them to own something and yes even have some equity....they instead pay little to nothing down, and sign up to pay not only the expected depreciation but a premium on top of that.
Lease cars have a lot of margion in them when you see them for sale after the lease, because they try to structure them that way.
And let's not get started on what the true cost is which you will not know until you go to turn it in and rack up the charges.
Then there is the lease default fee if something should happen and you cannot finish it out.
I have not been upside down on a car in 20+ years because I do not buy one that I can not afford and I am not signing up for the "car payment until dead" program. I would rather invest in another rental property, house flip, business investment.
But then we are an instant gratification society these days. Time will ultimately tell us the answer to this question.
If you are making under 100K a year you have no business driving a 45k sport coupe around. You should be investing in your future and your retirement.
25% of people between 29 - 39 still need and take money from their parents, and that number is 33% if you widen the range to 19-39.
Guess it is tuff to make rent on your apartment when you have that big lease payment on your 45K sport coupe, and you can damn sure bet there is no saving happening.
Well, I feel better now.
The lease concept is what got all these people into the housing trouble they are in. ARMS, interest only (depreciation only??), etc.
Yes, a different industry but the point is that people fundamentally wnat what they can not afford.
Since they can not walk in plop 10K down and get a good monthly payment which would allow them to own something and yes even have some equity....they instead pay little to nothing down, and sign up to pay not only the expected depreciation but a premium on top of that.
Lease cars have a lot of margion in them when you see them for sale after the lease, because they try to structure them that way.
And let's not get started on what the true cost is which you will not know until you go to turn it in and rack up the charges.
Then there is the lease default fee if something should happen and you cannot finish it out.
I have not been upside down on a car in 20+ years because I do not buy one that I can not afford and I am not signing up for the "car payment until dead" program. I would rather invest in another rental property, house flip, business investment.
But then we are an instant gratification society these days. Time will ultimately tell us the answer to this question.
If you are making under 100K a year you have no business driving a 45k sport coupe around. You should be investing in your future and your retirement.
25% of people between 29 - 39 still need and take money from their parents, and that number is 33% if you widen the range to 19-39.
Guess it is tuff to make rent on your apartment when you have that big lease payment on your 45K sport coupe, and you can damn sure bet there is no saving happening.
Well, I feel better now.
WTF?
I make $129 850 USD a year my wife makes $60 000 CAD a year. I have a house and pay a $785 morgage every 2 weeks. Between the wife and I we put $1200 away in RRSP's every month. I owen a 2003 Maxima And we pay $1200 a month on her student loans. I lease a G37S.
But from what your saying is I am only leasing because I cannot afford to buy? I lease because I am not sure if i want to keep the car or sell it in 2 years. Therfore it is less hassel to lease.
Where do you get off telling people that they need to make over 100K to buy a 33K car? That just don't make sence. And the problem with the sub prime disaster is not the people that took the loans it is the i\banks that gave it to them.
Get off your high hourse and let people enjoy their car. We should do a poll as to what the averag income of a g37 owner is. I bet you 60% are under 100k and are still doing fine and are saving.
Registered User
Joined: Aug 2007
Posts: 272
Likes: 1
From: Miami, FL
Ha, don't forget that 100k is relative to the part of country you're in. In some communities a little over that will buy you a 3 bedroom house... in Miami where I live it might get you an efficiency... a 1 bedroom condo is around 250k for us...
I completely agree that a blanket statement like that is shortsighted and said by someone that thinks they know more than they do. With that in mind, this thread has turned into a lot of bickering and not as much as a way to help the poor soul trying to make a decision... to me it sounds like a bunch of people trying to justify why they leased or bought the vehicle...
I guess I'll go out there and enjoy my vehicle while I'm still alive and fighting to pay my bills... I would be sooooo much better only if I didn't lease this car... <----sarcasm
I completely agree that a blanket statement like that is shortsighted and said by someone that thinks they know more than they do. With that in mind, this thread has turned into a lot of bickering and not as much as a way to help the poor soul trying to make a decision... to me it sounds like a bunch of people trying to justify why they leased or bought the vehicle...
I guess I'll go out there and enjoy my vehicle while I'm still alive and fighting to pay my bills... I would be sooooo much better only if I didn't lease this car... <----sarcasm
Registered User
Joined: Jan 2008
Posts: 84
Likes: 2
Nice diatribe Shumby, but you are clearly not the audience my post was intended for now were you? You make over a 100K. Just looking to scrap?? voicing your opinion which you have a right to??
Not that you think beyond the 4 walls of your house but there is a bigger issue that can affect those of us who are fiscally responsible and think in terms of the end game.
It's not a high horse just MY opinion on a public forum, not unlike yours.
Still you cannot argue with the numbers, that is a lot of people still living off the teet from 20 - 40 and you gotta know that will ultimately kill social Security and put a huge burdon on society. Unless you can tell me how it iss all suposed to work out?? No one else can.
But hey! at least we will all look good rolling down the road in our 0-3 year old cars.
What a hoot. This is great fun and finally some healthy discussion/bantering!! I might not know as much as I think I do but I am thinking about bigger issues and trying to understand them. I gotta think that is better than walking around with blinders just hoping it will all be ok. If I ignore it it will somehow not exist?? Too Funny.
Oh and Shumby, I think it says a lot that you do not feel people are accountavle fortheir actions, but blame the financial institutions. It's like blaming your drug dealer for your habit, not your fault you did something stupid right??
Yeah, that's it! none of us are to blame for our problems we can blame it on banks, car dealers, co-workers, friends.....That will work.
Not that you think beyond the 4 walls of your house but there is a bigger issue that can affect those of us who are fiscally responsible and think in terms of the end game.
It's not a high horse just MY opinion on a public forum, not unlike yours.
Still you cannot argue with the numbers, that is a lot of people still living off the teet from 20 - 40 and you gotta know that will ultimately kill social Security and put a huge burdon on society. Unless you can tell me how it iss all suposed to work out?? No one else can.
But hey! at least we will all look good rolling down the road in our 0-3 year old cars.
What a hoot. This is great fun and finally some healthy discussion/bantering!! I might not know as much as I think I do but I am thinking about bigger issues and trying to understand them. I gotta think that is better than walking around with blinders just hoping it will all be ok. If I ignore it it will somehow not exist?? Too Funny.
Oh and Shumby, I think it says a lot that you do not feel people are accountavle fortheir actions, but blame the financial institutions. It's like blaming your drug dealer for your habit, not your fault you did something stupid right??
Yeah, that's it! none of us are to blame for our problems we can blame it on banks, car dealers, co-workers, friends.....That will work.
Last edited by OPen Class; Mar 26, 2008 at 01:39 PM.
Registered User
Joined: Nov 2007
Posts: 51
Likes: 0
From: Seattle, WA
I'll say it again... lease vs. buy should not be the deciding factor on whether to get a car or not. Lease vs. buy should not be a lifestyle choice.
... it should be a numbers choice. Pick the one best suited to your outlook/needs.
We seem to be heading down a very slippery slope with the end of this thread. Without intimately knowing a person's financial situation as well as their risk tolerance - general guidelines for salary, % of take home pay, etc. won't serve any useful purpose.
Whether we lease, buy, had parents pay for it, had spouse pay for it, or won big at the craps table, we all enjoy the same car... lets talk about that & how to get the best deal on one. =)
... it should be a numbers choice. Pick the one best suited to your outlook/needs.
We seem to be heading down a very slippery slope with the end of this thread. Without intimately knowing a person's financial situation as well as their risk tolerance - general guidelines for salary, % of take home pay, etc. won't serve any useful purpose.
Whether we lease, buy, had parents pay for it, had spouse pay for it, or won big at the craps table, we all enjoy the same car... lets talk about that & how to get the best deal on one. =)
Last edited by dji; Mar 26, 2008 at 01:48 PM.
Registered User
Joined: Jan 2008
Posts: 84
Likes: 2
I'll say it again... lease vs. buy should not be the deciding factor on whether to get a car or not. Lease vs. buy should not be a lifestyle choice.
... it should be a numbers choice. Pick the one best suited to your outlook/needs.
We seem to be heading down a very slippery slope with the end of this thread. Without intimately knowing a person's financial situation as well as their risk tolerance, general guidelines for salary, % of take home pay, etc. won't serve any useful purpose.
Whether we lease, buy, had parents pay for it, had spouse pay for it, or won big at the craps table, we all enjoy the same car... lets talk about that. =)
... it should be a numbers choice. Pick the one best suited to your outlook/needs.
We seem to be heading down a very slippery slope with the end of this thread. Without intimately knowing a person's financial situation as well as their risk tolerance, general guidelines for salary, % of take home pay, etc. won't serve any useful purpose.
Whether we lease, buy, had parents pay for it, had spouse pay for it, or won big at the craps table, we all enjoy the same car... lets talk about that. =)
Lease vs. buy is very much tied to what you can "afford" and afford seems to have a broad definition. This car is also very much about life style as well. It is not a practical car at all and it is not 33K either as previously indicated. After taxes it is a 45K+ car.
I think it is fair to say that we all enjoy the car so that should be a given. We should not hide or be afraid to examine why we made the purchase and admit that it is or is not really the prudent decision, but one made for other reasons.
Trying to justify the lease vs. buy is rediculous because if you could truly afford the car the point is moot. It is only because it is a stretch that we have the discussion in the first place.
So please, don't run from this thread but try and infuse some honesty, and even dare I say...try and understand the bigger picture.
We have thousands of other warm and fuzy threads to hide in.
Registered User
Joined: Nov 2007
Posts: 51
Likes: 0
From: Seattle, WA
These people are asking for advice on which is financially more sound... lease vs. buy. They are NOT asking for advice on "can I afford it".
A car itself is a lifestyle choice. Lease vs buy is not.
Lease vs. buy is definitely not moot if you can afford the car. If you can afford it, why pay more than you should?
There is no hiding here... if you must know, the G37 is 4% of my monthly pay, and I can "afford" it just fine. <= that there so you won't rant about how people like me must lease because that's the only way I can get into this kinda car.
But YOU need to accept that people don't share the same values as you do. Also this is not a thread about personal finance.
What you bring is not honesty. You bring YOUR values. Please don't force it upon others.
A car itself is a lifestyle choice. Lease vs buy is not.
Lease vs. buy is definitely not moot if you can afford the car. If you can afford it, why pay more than you should?
There is no hiding here... if you must know, the G37 is 4% of my monthly pay, and I can "afford" it just fine. <= that there so you won't rant about how people like me must lease because that's the only way I can get into this kinda car.
But YOU need to accept that people don't share the same values as you do. Also this is not a thread about personal finance.
What you bring is not honesty. You bring YOUR values. Please don't force it upon others.
Last edited by dji; Mar 26, 2008 at 02:03 PM.
Buy or lease, just flip a damm coin!
Registered User
Joined: Jan 2008
Posts: 84
Likes: 2
Well,
you have the other thousands threads to hide in. Lease vs. buy is a value decison and a life style decsion or have younot been paying attentions.
Everyone who has justified it says it is because they want a new car every 3 years. What would you call that??
Btw - the fact that there is a point-counter point implies we are all voicing our own value system. Your is to avoid, mine is not.
I love the human intellect because it can rationalize away anything it does not want to deal with.
But, if just one person thinks about what was discussed here today and is smarter for it (either way) then this was far more valuable than, "don't you think the altima looks like the G35"
Kill the thread, ignore the thread, or whatever. The thruth is that you and other are fired up because this calls into question your value system and you decision making and you don't like what you see at some level.
How is that for honesty?
Oh, it's a "Forum" which is the definition of the place to espouse your opinions and view.
fo·rum /ˈfɔrəm, ˈfoʊrəm/ Pronunciation Key - Show Spelled Pronunciation[fawr-uhm, fohr-uhm] Pronunciation Key - Show IPA Pronunciation
–noun, plural fo·rums, fo·ra /ˈfɔrə, ˈfoʊrə/ Pronunciation Key - Show Spelled Pronunciation[fawr-uh, fohr-uh] Pronunciation Key - Show IPA Pronunciation. 1. the marketplace or public square of an ancient Roman city, the center of judicial and business affairs and a place of assembly for the people.
2. a court or tribunal: the forum of public opinion.
3. an assembly, meeting place, television program, etc., for the discussion of questions of public interest.
4. the Forum, the forum in the ancient city of Rome.
--------------------------------------------------------------------------------
[Origin: 1425–75; late ME < L: marketplace, public place, akin to forīs, forās outside, foris door]
you have the other thousands threads to hide in. Lease vs. buy is a value decison and a life style decsion or have younot been paying attentions.
Everyone who has justified it says it is because they want a new car every 3 years. What would you call that??
Btw - the fact that there is a point-counter point implies we are all voicing our own value system. Your is to avoid, mine is not.
I love the human intellect because it can rationalize away anything it does not want to deal with.
But, if just one person thinks about what was discussed here today and is smarter for it (either way) then this was far more valuable than, "don't you think the altima looks like the G35"
Kill the thread, ignore the thread, or whatever. The thruth is that you and other are fired up because this calls into question your value system and you decision making and you don't like what you see at some level.
How is that for honesty?
Oh, it's a "Forum" which is the definition of the place to espouse your opinions and view.
fo·rum /ˈfɔrəm, ˈfoʊrəm/ Pronunciation Key - Show Spelled Pronunciation[fawr-uhm, fohr-uhm] Pronunciation Key - Show IPA Pronunciation
–noun, plural fo·rums, fo·ra /ˈfɔrə, ˈfoʊrə/ Pronunciation Key - Show Spelled Pronunciation[fawr-uh, fohr-uh] Pronunciation Key - Show IPA Pronunciation. 1. the marketplace or public square of an ancient Roman city, the center of judicial and business affairs and a place of assembly for the people.
2. a court or tribunal: the forum of public opinion.
3. an assembly, meeting place, television program, etc., for the discussion of questions of public interest.
4. the Forum, the forum in the ancient city of Rome.
--------------------------------------------------------------------------------
[Origin: 1425–75; late ME < L: marketplace, public place, akin to forīs, forās outside, foris door]
Last edited by OPen Class; Mar 26, 2008 at 02:09 PM.
Registered User
Joined: Nov 2007
Posts: 51
Likes: 0
From: Seattle, WA
Well,
you have the other thousands threads to hide in. Lease vs. buy is a value decison and a life style decsion or have younot been paying attentions.
Everyone who has justified it says it is because they want a new car every 3 years. What would you call that??
Btw - the fact that there is a point-counter point implies we are all voicing our own value system. Your is to avoid, mine is not.
I love the human intellect because it can rationalize away anything it does not want to deal with.
But, if just one person thinks about what was discussed here today and is smarter for it (either way) then this was far more valuable than, "don't you think the altima looks like the G35"
Kill the thread, ignore the thread, or whatever. The thruth is that you and other are fired up because this calls into question your value system and you decision making and you don't like what you see at some level.
How is that for honesty?
Oh, it's a "Forum" which is the definition of the place to espouse your opinions and view.
you have the other thousands threads to hide in. Lease vs. buy is a value decison and a life style decsion or have younot been paying attentions.
Everyone who has justified it says it is because they want a new car every 3 years. What would you call that??
Btw - the fact that there is a point-counter point implies we are all voicing our own value system. Your is to avoid, mine is not.
I love the human intellect because it can rationalize away anything it does not want to deal with.
But, if just one person thinks about what was discussed here today and is smarter for it (either way) then this was far more valuable than, "don't you think the altima looks like the G35"
Kill the thread, ignore the thread, or whatever. The thruth is that you and other are fired up because this calls into question your value system and you decision making and you don't like what you see at some level.
How is that for honesty?
Oh, it's a "Forum" which is the definition of the place to espouse your opinions and view.
The "truth"? It sound like you're voicing your opinions, not some universal truth. And to be quite honest with you, the only one fired up is you. Again, you keep generalizing some hackneyed ideas about personal finance without applying them to specific siutations <= that is what I'd consider "hiding".
Even in a forum, there are places for certain discussions. They're called threads. This is one about lease vs. buy. If you want to expose us to the truth, please feel free to open up a thread about it... this is not the correct one.
You keep rambling about truths and value systems, but in reality what I'm saying is quite simple:
This is a thread about lease vs. buy, not a discussion about personal financial values.
Last edited by dji; Mar 26, 2008 at 02:30 PM.
Registered User
Joined: Nov 2007
Posts: 51
Likes: 0
From: Seattle, WA
Really? Cause it doesn't seem like you really get it. 
BTW, people who get things that they can't afford make the world go round. It makes credit for others (myself included) very cheap to get, and "recession stocks" very cheap to buy.
But of course you already knew that. And lots of other things too!
Now make that other thread and lets see how much you "get it".
BTW, people who get things that they can't afford make the world go round. It makes credit for others (myself included) very cheap to get, and "recession stocks" very cheap to buy.
But of course you already knew that. And lots of other things too!
Now make that other thread and lets see how much you "get it".
Registered User
Joined: Jan 2008
Posts: 84
Likes: 2
Typical hypocrite.
It seems it is ok for you to drivel on about your opinions and values but you’re so quick to cry about others doing it.
Here, let me quote you
"You keep rambling about truths and value systems, but in reality what I'm saying is quite simple:
This is a thread about lease vs. buy, not a discussion about personal financial values. "
It was only a couple of post ago so even at your intellect you should have no problem remembering it.
I also noticed that you have done a less than masterful job of rationalizing yourself out of discussing the topic. In fact you took the very pedestrian approach of trying to beat down another to make yourself feel good.
I would tell you it was cliché or obvious, but then the point would likely be lost on you.
You will likely have to look up pedestrian inthis instance. I feel it fits.
It seems it is ok for you to drivel on about your opinions and values but you’re so quick to cry about others doing it.
Here, let me quote you
"You keep rambling about truths and value systems, but in reality what I'm saying is quite simple:
This is a thread about lease vs. buy, not a discussion about personal financial values. "
It was only a couple of post ago so even at your intellect you should have no problem remembering it.
I also noticed that you have done a less than masterful job of rationalizing yourself out of discussing the topic. In fact you took the very pedestrian approach of trying to beat down another to make yourself feel good.
I would tell you it was cliché or obvious, but then the point would likely be lost on you.
You will likely have to look up pedestrian inthis instance. I feel it fits.
Registered User
Joined: Nov 2007
Posts: 51
Likes: 0
From: Seattle, WA
OPen Class - you take a long time to say nothing.
Seriously, here is the Cliff Notes for you: open up a new thread about your personal views on finances. Lets talk about it there. This is a forum, yes - but it's a thread about lease vs. buy.
And go ahead and use all the big words you want. They don't scare me. Much.
Seriously, here is the Cliff Notes for you: open up a new thread about your personal views on finances. Lets talk about it there. This is a forum, yes - but it's a thread about lease vs. buy.
And go ahead and use all the big words you want. They don't scare me. Much.
Last edited by dji; Mar 26, 2008 at 04:11 PM.