How come so many people on this forum seem to be leasing, instead of buying?

 

My fiance and I leased. We just got a good deal that made the car affordable to us just out of college. On that note they also have a very good college graduate program, IMO.

 

i dont think its just this forum. leasing seems to be a pretty popular solution to affording a 40k plus car and only paying 425bux/mo. ...only to get a new car AGAIN when the lease is over. i guess it worked for me.

 

college grad program? tell me more! lol

can you claim it after buying the car?

 

Many people lease the car because the payments are ,ower on a lease than on a buy, or they like to change cars. Also, with all the rumors that there's going to be updates to the G soon and that there might be better and faster models in the near future, it will be easier to get into that car.

 

For me, I'm not sure if I'd want to keep the car after two years. I have a car already that I own as well, and my wife has another that's financed. I know I'd like to try different cars especially now with the great choices!

I may look to get the AWD G, an A5/S5 or who knows what else after the lease.

Oh yeah..and it's a great tax write-off for my business.

 

No i don't believe that you can. It worked out well for us and helped us save a little money plus no security deposit. Its a great way to get approved for anyone who doesn't have much credit established.

 

Why do we lease, simple.

We drive it, we wash it, then when time's up, we drop it off and that's the end of the story. No 'For Sale' signs, no losses because of the market, no BS!

This is my first lease but after trying to sell my G35 (for barely $15K when its worth $17-19) I said to hell with financing, besides two years with the same car is plenty enough for me. This time next year I'll be done with school and then I'm getting a sick *** car and dropping the G off!

 

leasing rules!
financing drools!

(at least for a car... they quickly lose value)

 

Also leasing for two years is not bad. Only a small % of the car is "paid" off and then returned. Unlike a longer lease where a good amount is "paid" off and then returned...might as well have finance the car from the start.

 

in the long run if u plan on keeping the car and driving it for years to come and taking care of it, purchasing is nice. even though leases are cheaper in the short run - a leaser pays more interest dollars in the long run since he is in theory renting the car. I purchased because I pay her off in 2 years without losing too much on interest - I keep miles low and car condition pristine so it retains resale value and it's an asset to me. It's like the difference between renting apartments or investing in a small home or condo for keeps. Apartments are cheaper in the short run but it's money that is always going towards something that is not yours in name. - whereas owning has a sense of pride of its own associated with it.

As a general rule of thumb I like to minimized the amount of money I pay out of my wallet on assets that I do not get to own. That's why I am living at home until I have enough capital to invest in a small home or condo, rather than gettin outta the house and gettin an apartment which woul satisify y needs in the short run - but would be a lotta money spent on nothing in the long run.

One could argue that a house can maintain its value or even appreciate much better than a car which only decreases in value even if you own - that is true - but I guess that's where the pride in ownership comes in. I want my washed and waxed G to sit in my garage in a couple of years I could probably buy another car anyway and just add to the collection. An owner values "collecting" and keeping cars for namesake. A leaser is likes to get around the block a but and just wants to go from toy to toy I suppose.

 

People who wants to get into new ride every 2-3 years do leasing. For people who like me planning to drive the same car for more than 5 years, we buy.

 

LEASE - If you enjoy driving a new car every two or three years, want lower monthly payments, like having a car that has the latest safety features and is always under warranty, don't like trading and selling used cars, don't care about building ownership equity, have a stable predictable lifestyle, drive an average number of miles, properly maintain your cars, are willing to pay more over the long haul to get these benefits, and understand how leasing works, then you should lease.

BUY - If you don't mind higher monthly payments, prefer to build up trade-in or resale value (equity), like the idea of having ownership, like paying off your loan to be payment-free for a while, don't mind the unexpected cost of repairs after warranty has expired, drive more than average miles, prefer to drive your cars for years to spread out the cost, like to customize your cars, expect lifestyle changes in the near future, and don't like the risk of possible lease-end charges — then you should buy.

from: http://www.leaseguide.com/lease03.htm

after reading this, i decided to finance the car instead of leasing.

 

An automobile is an asset GUARANTEED to decrease in value, wouldn't really compare it renting/buying a house. Renting can be beneficial for people with ADD or for many other reason, money factor aside.

 

not planning on keeping so why maybe take a loss on it. if i buy something its something i want to keep forever.