I own, although sometimes I think maybe I should've leased. I always thought leasing was a bad idea, but after reading more about it, it makes sense for some people to do so. All you're essentially doing is paying for the depreciation.

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

It really comes down to what your intentions are.

 

Well I'm driving more than anticipated, I alloted 12k per year, but 15k per year still doesn't look like it would be enough, I'm at 17k and still 3 more months before I hit the half way point of my lease. 24k is going to come up real quick.

 

I always recommend getting 15k...

only costs about 10 bucks more a month than a 12k.

 

Whats the mileage penalty, $.10 per mile? More?

 

I own because like people said you can drive as much as you want. No limit and i realized that payments were almost the same as leasing. Then I can mod my cars and do stuff to it =).

 

Its different on each lease. One of my co-workers leased his 08 for 2 years and his mileage penalty is .15 per mile. When my dealership was talking to me about leases, it was .10.

I bought mine instead- after getting completely f'ed over on a GM lease that was turned in in 2003, I will NEVER lease a car again.

 

i drive too much and mod too much to lease a car. plus it just makes me feel better to know its mine at the end.

 

I can't really pick either option. I lease or buy depending on the financial evaluation of both options. Recently have bought due to financial markets. When buy, don't always put down a large if any downpayment again depending on financial analysis.

 

I think leasing can be a good idea if there is a leasing special going on. For instance, say you neogiate a fully equipped G37S for 44k, with taxes and title fees it ends up being about 48k if you were to finance it, you would have to 26.5k down payment with a payment play of $399 for 60 months. On a lease special, you could get the same care for $3,600 down and about $399/month for 36 months with a buyout option at the end of the lease for about 22k. Or trade it in for a newer car. You don't have to pay sales tax on a lease.

 

[QUOTE=G37-Forever;2515265]I think leasing can be a good idea if there is a leasing special going on. For instance, say you neogiate a fully equipped G37S for 44k, with taxes and title fees it ends up being about 48k if you were to finance it, you would have to 26.5k down payment with a payment play of $399 for 60 months. On a lease special, you could get the same care for $3,600 down and about $399/month for 36 months with a buyout option at the end of the lease for about 22k. Or trade it in for a newer car. You don't have to pay sales tax on a lease.[/QUOTE]

In Illinois you pay 100% of the Tax on a lease, which in your scenario at 44K buy in is $4,400 or another $120/mo. That's the law.

 

I lease and can do anything i want after 3 years keep or trade

 

Some of you guys sound pretty knowledgeable about this kind of stuff, so maybe you can help explain something to me. When I bought my '08 G37S last August, I just wrote a check for it (a little under $40K OTD). A few of my friends said that was a horrible financial decision, and that I should have leased it, or financed it, and I would have come out on top in 4 or 5 years. They try to explain it to me with all this convoluted jargon about depreciation, residual value, interest rates, etc. No matter what they say, I still don't understand how buying a car out-right could ever be a worse financial decision than any other option.

Can anyone try to explain that to me?

 

Even if I had enough money to buy it out right I still wouldn't have because the APR that infiniti wanted at the time was 0.9%, and the interest rate I was getting back on my money in ING account was 3.5% at the time (i think it is down to like 2.75 now) but in my situation it is only costing me around $650 (over 5 years) in interest to infiniti while financing $30,000, put that in a savings account and make $900 (per YEAR, based on 3%) in interest

 

Yea, since mine was used I couldn't come close to that 0.9%. After shopping around, the lowest I could get was 5%, so I just bought it outright.

 

i don't think real enthusiasts lease their cars. ii feel ts a matter of ownership and connection to your car.