For those of you who know... when is it worth it to lease a vehicle over financing a vehicle if in the end, i know i want to keep the car?

what information do i need to figure out if it's worth it or not? and how do i use the residual value to factor into it?

right now, the car i'm looking at has $2k cash incentives and rebates on it if i lease the car, no rebates or incentives if i finance the car...

hmmmm a little help from the west?

 

just curious.... holla!!!!

 

leasing is a joke.

 

From what I've heard, leasing is only a good idea if you:

a.) ...don't plan on putting many miles on the car, AND
b.) ...don't plan on keeping the car for more than a year or two, AND
c.) ...don't plan on changing your mind before your lease is up.


I've heard of people leasing cars that they knew were definitely going to depreciate a LOT, and then buying them after their lease was up. This is a bit of a gamble, IMHO, it will depend on the terms and stuff like that.

Financially, the best way to buy cars is when they're about 2 years old, and you can pay cash and avoid payments (and the interest associated with them). The only trick to it is saving ahead of time, and finding a car that hasn't been abused.

-s-

 

RWH = no longer PCS,

look into your current debt to income ratio, your comsumer debt and your credit card debt totals, how much liquidity you have before and after each auto acquisition scenario. Make sure you maintain your 1 month emergency cash reserve either way, and make sure that whichever car you get, you get the Belligerency's approval first.

If after you determine that your debt situation exceeds what your comfort level will support, should a health or financial emergency arise, lease.

If you know that after looking into your credit score at www.freecreditreport.com will net you the utmost lowest finance interest rate, finance. Keeping in mind of course, that adds to your consumer debt total.

 

yup. what series7 said. Or, you can just buy an Emily.

 

35+% APR for teh win!

 

IF you are gonna keep the car, do a lease, take the incentives and lower payments then refinance.

 

it's actually 2750 in incentives... so hmmm....

 

refinance at the end of the lease? or buyout and refi soon after i purchase?

 

With all due respect, CBF, that is about teh woy'st advice one can give. It's like saying "go ahead and smoke, you'll feel the immediate gratification. You can worry about the consequences later".

RWH, look inside yourself to find your hero.

 

 

which cars are belligerent approved? can i get a list please?

 

lotus elise
bmw m3
audi rs4
acura nsx
bmw m5
bmw m6
1998 suzuki gsxr 600!!!

 

Can't forget the s2000 being that 90% of us own one.

 

Actually, here is a more precise list...

1. Honda S2000
2. Acura TL
3. Audi A4
4. Nissan 350z
5. Volvo S40
6. Mazda RX-8

 

Neither is good for you. Why do so many people waste their money by financing or leaseing a car? Save up, buy it cash. Purchase what you could afford!

 

yeah...credit can help you in good ways..but personally, credit owns me

 

mazdaspeed6?

 

For you my friend, nothing but thee best:

Lamborghini Gallardo (don't know if daddy would spring for the Murcielago)
M5- Why not?
M6- yeahhh
Corvette C6 ZO6

Now for the poor peoples picks:
just go grab a 3 Series

But keep it real... move up to an S5 Turbo Vert widebody.. yeaaaaahhh!

 

or, buy an emily.

 

you, sir, have inspired me to get an M3. who wants to buy my fc vert?

 

ok, so I checked out M3 prices. You, sir, have inspired me to buy an escort. who wants to buy my fc vert?

 

Is it a WideBody Turbo? Wide body as in the CAR....nothing else

 

It's whatever you want it to be. It might cost you a ton of extra $$$ if you want it to be a widebody turbo, though.