Any recommendations.......the salespeople are pushing leasing......anyone have the pros and cons of this>>>>
Buying New SUV......Buy or Lease????
- Thread starter maverick2112
- Start date
If you have already talked to the salespeople without knowing the pros and cons of leasing...good luck.
I'm still rather young but my impression so far is never buy new but buy used instead of leasing cause they tend to rape you if go over miles but if you like getting a new car ever couple years then leasing is the way to go
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The lease rates are fairly decent in the vehicle market?.unlike some other areas?.. 
If you work a job where you can expense your vehicle do it?.If it is just for personal use go with a purchase?.and as majalam stated buying a brand new suv isn?t the smartest idea?you start losing money the minute you leave the lot?try look for something a couple years old
If you work a job where you can expense your vehicle do it?.If it is just for personal use go with a purchase?.and as majalam stated buying a brand new suv isn?t the smartest idea?you start losing money the minute you leave the lot?try look for something a couple years old
i have been leasing for about 25 years & wouldn't have it any other way.......
awhile back i read an article by an economist (forgot his name) who wrote that you.....
"buy things that appreciate & rent things that depreciate...."
so since then that is the only way i would get a car.....
but i do like other things about leasing.....
you get to change cars every few years...
there is no money to put down other than the first month's payment ....if they tell you that a security deposit is needed get up & try to walk out....99 out of 100 they will back down from the security request....
you get free maintenance work done on the car....
however,
i wouldn't lease a car if i needed it to use for business, ie...salesman....because anything over 12,000 miles is a surcharge..
good luck with whatever you decide on....
awhile back i read an article by an economist (forgot his name) who wrote that you.....
"buy things that appreciate & rent things that depreciate...."
so since then that is the only way i would get a car.....
but i do like other things about leasing.....
you get to change cars every few years...
there is no money to put down other than the first month's payment ....if they tell you that a security deposit is needed get up & try to walk out....99 out of 100 they will back down from the security request....
you get free maintenance work done on the car....
however,
i wouldn't lease a car if i needed it to use for business, ie...salesman....because anything over 12,000 miles is a surcharge..
good luck with whatever you decide on....
key word to keep in mind while leasing is MILEAGE, i repeat.....MILEAGE, MILEAGE, MILEAGE. MILEAGE.MILEAGE. MILEAGE.MILEAGE.MILEAGE. MILEAGE.MILEAGE.MILEAGE.MILEAGE.MILEAGE
AR182 said:
what happens if there is an accident...how does the insurance work and especially when you go to sell the car back...what if it gets totaled?
thom...
good question...
when you lease a car you're suppose to get gap insurance through the car company....
other than paying your deductible in a car accident, gap insurance should cover the costs that your auto insurance doesn't pick....ie...the difference between what you owe on your lease & the depreciation of the car.....
good question...
when you lease a car you're suppose to get gap insurance through the car company....
other than paying your deductible in a car accident, gap insurance should cover the costs that your auto insurance doesn't pick....ie...the difference between what you owe on your lease & the depreciation of the car.....
Mjalam is right.
Leasing is great until the lease runs out. Then they got your car and your money....and you got a thumb up your a**!!
Buying new is almost as much of a rip off as leasing is. However, when the payments run out, at least you got something to show for it.
My father always told me when buying a car, just remember, "You can go first class if your willing to go second hand." :toast:
Leasing is great until the lease runs out. Then they got your car and your money....and you got a thumb up your a**!!
Buying new is almost as much of a rip off as leasing is. However, when the payments run out, at least you got something to show for it.
My father always told me when buying a car, just remember, "You can go first class if your willing to go second hand." :toast:
AR182 said:
Thanks AR,
one last question what are the options once the lease runs out...is it a rip to buy or does the dealership tend to be accommodating with you...only reason why I ask is I'll be buying a new car here shortly
thom24ad said:
In your lease contract there will be a residual stated. That is the price that you would pay if you choose to buy it after the lease runs out. There isn't any negotiation after the fact. The future sales price is known when you sign the lease. It varies by make and model but it's usually around 55% of the 'new' MSRP on a 36 month lease.
thanks helps a lot...I'm leaning on buying something used but only a year or two oldkosar said:
