View Poll Results: Own or Lease?
I prefer to lease! I spend less money and can get rid of it for something better after 3 years!
25
31.65%
I own, I prefer to make a huge deposit and have significant equity in the car
54
68.35%
Voters: 79. You may not vote on this poll
How many people on the board own or lease?
Registered User
Joined: Jun 2008
Posts: 259
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From: Northern NJ
Registered User
Joined: Apr 2007
Posts: 3,507
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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?
Can anyone try to explain that to me?
You did the right thing in my mind and are hereby commended by me
Registered User
Joined: Jun 2008
Posts: 259
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From: Northern NJ
I was just using that 3% as a minimum example, imagine what you could make with 30,000 if you are making more then 3%...
I am in no way defending leasing, I don't understand that... but financing with a good rate, I don't know why you wouldn't do that...
I am in no way defending leasing, I don't understand that... but financing with a good rate, I don't know why you wouldn't do that...
Registered User
Joined: Feb 2009
Posts: 8
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i leased mine because my company pays for it. essentially its free for 3 years. if i choose to keep it the car will only end up costing me the end of lease buyout which is about 23k. i own my other two vehicles. my evo is heavily modded making >500bhp so of course that i bought.
I lease... always have low low mileage when lease is over and I sell the car to a buyer as opposed to turning it in.... typically make $2000-$4000 in profit. Dealership sometimes has issues with mods whereas independent buyers welcome them.
Florida G35 Club, Premier Member
iTrader: (3)
Joined: Oct 2005
Posts: 2,508
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From: Orlando, FL
I financed, and put a lump sum in the bank. With rates at 0-.9% it seemed like a good idea to just pay the monthly's because in the end, the interest is very little.
Registered User
Joined: Oct 2008
Posts: 27
Likes: 0
From: Jacksonville FL
That is absolutely what I did. In fact, I did not even pay a down payment. I was able to negotiate with them and got the car at a very decent price. No markup after financing. I want to use the 0.9% as much as I can. If you don't like debts pay off something else with higher interest rates or open an account that would pay some interest to you every month.
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mjnoles1
G37 Sedan
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Oct 4, 2015 10:27 PM
