why is xo against leasing cars?
| titillating dopamine jap | 02/24/18 | | titillating dopamine jap | 02/24/18 | | Maize Police Squad | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | Drab Stag Film Rigpig | 02/24/18 | | Irradiated fishy mediation base | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | Irradiated fishy mediation base | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | Irradiated fishy mediation base | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | white sweet tailpipe | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | white sweet tailpipe | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | white sweet tailpipe | 02/24/18 | | Self-absorbed institution | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | odious wild clown | 02/24/18 | | odious wild clown | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | Irradiated fishy mediation base | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | odious wild clown | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | Irradiated fishy mediation base | 02/24/18 | | Maize Police Squad | 02/24/18 | | odious wild clown | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | vigorous stage | 02/24/18 | | odious wild clown | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | odious wild clown | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | vivacious rose newt | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | Aphrodisiac painfully honest boltzmann fortuitous meteor | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | tripping site | 02/24/18 | | Irradiated fishy mediation base | 02/24/18 | | boyish chest-beating ratface | 02/24/18 | | disturbing mind-boggling nursing home juggernaut | 02/24/18 | | boyish chest-beating ratface | 02/24/18 | | disturbing mind-boggling nursing home juggernaut | 02/24/18 | | Geriatric depressive home | 02/24/18 | | boyish chest-beating ratface | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | Brilliant regret | 02/24/18 | | odious wild clown | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | tan volcanic crater | 02/24/18 | | amber bat-shit-crazy turdskin | 02/24/18 | | massive hilarious sneaky criminal | 02/24/18 | | anal cuckold | 02/24/18 | | Orchid school cafeteria main people | 02/24/18 | | Drab Stag Film Rigpig | 02/24/18 | | Disrespectful cracking foreskin hall | 02/24/18 | | swashbuckling voyeur | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | Blue sound barrier | 02/24/18 | | white sweet tailpipe | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | Blue sound barrier | 02/24/18 | | dull razzle-dazzle brethren | 02/24/18 | | Gold coiffed coldplay fan | 02/24/18 | | swashbuckling voyeur | 02/24/18 |
Poast new message in this thread
Date: February 24th, 2018 7:54 PM Author: odious wild clown
it only makes sense if you're the type of person to switch cars every few years. if you do that, then it can make a lot of sense.
switching up cars once every three years at the top of the deprecation curve is a stupid thing to do in itself though.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480018) |
|
Date: February 24th, 2018 8:51 PM Author: Disrespectful cracking foreskin hall
Mine is a 2013, bought in 2014 (at a huge discount, added a lifetime manufacturer's warranty for like $2400). I've had it for 4 years, paid little in maintenance/repair. It is at over 100k miles already because I drive a ton. Now, you would have replaced your car twice by now, losing money each time. I will get a newish car next year and keep this car as a second car.
As a bonus, I drive a car that cost over $50k new that is incredibly nice with a powerful V8 that I enjoy.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480462)
|
|
Date: February 24th, 2018 9:04 PM Author: swashbuckling voyeur
-I've had it for 4 years, paid little in maintenance/repair. It is at over 100k miles already because I drive a ton.
of course, its still fucking warrantied. so you bitch about leasing because it simply isnt even remotely applicable to you
-Now, you would have replaced your car twice by now, losing money each time.
wrong. once and my smartly negotiated close to 0% lease is hardly "losing money," esp in an inflationary environment
-I will get a newish car next year and keep this car as a second car.
thats fine. again, not all of us wish to live in a junkyard setting with shitpits roaming around
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480531) |
|
Date: February 24th, 2018 9:15 PM Author: Disrespectful cracking foreskin hall
"of course, its still fucking warrantied. so you bitch about leasing because it simply isnt even remotely applicable to you"
No, I'm noting that the response that you're going to get your advantage eaten in repair/maint is nonsense, and that is despite heavy use.
"wrong. once and mine would have had a fuckton more residual value"
Once every two years, it is just over 4 years, so you would be driving car #3 while I'm still on car #1.
"thats fine. again, not all of us wish live in a junkyard environment with shitpits roaming around"
Their names are Dima and Vlad and they're fantastic bros. No one steals from us! Also, it is not junkyard, it is former gas station.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480582)
|
|
Date: February 24th, 2018 9:21 PM Author: swashbuckling voyeur
-No, I'm noting that the response that you're going to get your advantage eaten in repair/maint is nonsense, and that is despite heavy use.
uh dumbass, your car isn't off warranty.
-Once every two years, it is just over 4 years, so you would be driving car #3 while I'm still on car #1.
lease is 3 yrs brah
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480607) |
Date: February 24th, 2018 8:16 PM Author: Geriatric depressive home
I barely know anyone who leases and have ALWAYS heard that it's a bad decision unless you "own a business" and can "write it off."
The other time it's credited imho is for when you already would've traded the Car in after 2-4 years for whatever reason (like if you are a fan of German cars/Land Rovers/what have you)... if the lease is structured such that you're only paying for the depreciation, then you might come out ahead... remember, if you buy a car, you're paying sales tax on the whole thing, versus on a lease where you only pay tax on the lease payment afaik. Also, the residual value is a done deal as soon as you sign the thing, and not like trying to trade in a Car, where the dealer tries to fuck you over at all costs.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480190) |
|
Date: February 24th, 2018 10:22 PM Author: dull razzle-dazzle brethren
We're just taking about whether to make extra security deposits on a lease.
You'd compare the opportunity cost of the deposits to the interest/MF on the depreciation.
If your car had a residual value of 58% ($36k), you'd be financing about $18k for 3 years. If the normal interest rate for no extra deposits was 2.5% (money factor 0.00104), you'd pay about $700 in interest. But you'd be paying that with about $1,170 in pre-tax earnings.
So what's your opportunity cost on $4k? If you'd get 8.0% per year, that's about $1,040 in forgone pre-tax returns.
So it's pretty close to a wash.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480965) |
Date: February 24th, 2018 9:41 PM Author: Gold coiffed coldplay fan
Unless there is some tax advantage leasing is for poors.
If you can't afford to pay cash buy something cheaper.
(http://www.autoadmit.com/thread.php?thread_id=3903089&forum_id=2#35480729) |
|
|