leasing vehicle - sm
Posted By: confused on 2006-05-06
In Reply to: Anyone lease their vehicle? Need pros and cons please - sm - confused
Thanks for all the reponses, honest and otherwise. You all basically told me what I felt inside - the only one who makes out on a lease is the dealer. Thanks again.
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leasing vehicle
If you travel 12-15,000 miles or less and do not want to worry about repairs, etc, and know you want to drive a newer vehicle always - having a payment always, leasing is good. I leased for a while and it was fine, but then started putting on a lot more miles. So now I buy my vehicle and drive until it dies. Matter of opinion.
anyone have personal experience with leasing a vehicle
I've never owned a car, end up upside down on the loan, owe old loan on top of new loan, and own it for so long it starts to tinker and I pay for repair on top of the loan. What is the downside of leasing? I heard you sometimes have to pay, but only if you drive over the limited mileage right? Working at home, that saves mileage on commute which makes up 70% of it I would suppose. Plus being new it won't nickle and dime me to death with repairs, low payment because you only pay for the amount of money it would depreciate for the time you own it. Any personal experience with this, and is there red tape or hidden small print? Going to start looking really soon, I only hear bad things but its from people who drive a lot. I think a new car is a necessity in this day and age, with all the swindling mechanics and the dependence to get from here to there. A new different car every three years doesnt sound so bad either.
leasing in like renting - paying someone else for the privilige of driving their vehicle..sm
with the low mileage you put on vehicles, you would have an easy time selling outright to a third party. Crunch the numbers. figure out what you would pay for leasing, including deposit. Figure out what you could buy that same car for. If you hold it for 5 years, you can get an idea of how much cars depreciate by checking blue book prices on the current model and a 5 year model. Use that to figure what percent it would depreciate. Then add your leasing costs all together. Add your car payments all together. Then subtract from the car payment what your car would be worth in 5 years, because you'll get that back, ya know. IMHO leasing is done by people too lazy to figure out the numbers and by people that it's important to "look good" to the neighbors, regardless of what your bank account actually holds. Hope you don't mind my honesty. 
Leasing may work for you sm
Just read through each and every document. Make absolutely clear that you understand what condition in which the car is to be returned at the end of the lease. I do not know of one person who wasn't charged something or other at the end of the lease. They will be counting on your car as a resale "cream puff" at the end of the lease, and if you don't return it in very good condition (and within the mileage alloted at the outset), there will be fees.
Also, check into your insurance coverage. Insurance on a leased vehicle can be higher due to the fact that the insurance company is at significantly more risk if the car is totalled, and you own much less of it than you do with a conventional loan. Furthermore, make sure you are absolutely meticulous about logging your routine maintenance so you can prove it was done and keep your warranty active.
Did you ever consider purchasing a car that came off lease? It would only be a couple of years old and in good condition, sometimes with much warranty remaining. That way, someone else would take the new car depreciation hit.
A better solution may be to find a reliable independent mechanic. I go to a great little garage where labor costs are a fraction of what you pay at the dealer and they stand 100% behind each and every repair.
No matter what you decide, good luck! My dear old '89 car is dying and I will be in your shoes looking for a car very soon.
Leasing works for me (sm)
I am in the same boat. I just ended my first lease and had less than 25,000 miles on the car after 37 months. Leasing also allows you to get more car for the money, as lease payments are much lower than buying, especially if you can find a special. I'm not watching for car ads right now, since I just got my new vehicle three weeks ago, so I can't tell you of any specials. You can sometimes buy a low-mileage lease (we took 10,000 miles/year and saved an extra 3%) if you know you won't use the mileage.
You will always have a car payment (which we would anyway) but you will always be within warranty and only pay for gas and basic maintenance. Then again, you will always have a new car. Good luck!
Leasing question
Does anyone know of a company where a Lanier can be leased? I just purchase, less than a month ago, a C-phone for an IC position and now, finally after several weeks, a fulltime position came through but I need a Lanier. I cannot afford to buy another piece of equipment, especially since I have not received a check from my IC position yet and when it comes in, the first one is only going to be about 90+ dollars because of timing. They pay every two weeks and it is a week behind for payrolling or something along those lines. Any ideas?
I know they are suing MQ regarding leasing
breach of contract or confidentiality or something - maybe that MQ used info obtained from DQS to solicit their clients? Something to that effect. I have worked for both and I don't know which company was worse or better. Since I lasted years with MQ and only months with DR, I would have to say that MQ was better for me, which is a sad statement in itself. DR is always, always hiring, particularly for 1 horrible account in Florida, I believe. So I guess everyone is used to just ignoring their ad by now. Wish I had better news!
If the vehicle has been totalled (sm)
by an insurance company it will have a salvage title, so those will have evidence that the vehicle was totalled. I have heard of auto salvage companies using creative measures to disguise the real damage to the vehicle (like pounding the body with a hammer to simulate hail) leading the buyer to believe there is only body damage. We bought a submarine once and it was the best deal we ever made, a year old full sized fully loaded truck for less than half price. It was river water though and only 3 weeks after the flood. The only problem with it was the cruise control didn't work! Anything out of LA or MS at this stage probably already has rust.
I'm wondering now if you use a vehicle...
for easier application or do you just use straight water? I got quite a bit of the powder in my eyes, etc. I'm sure I could get used to this and even improve my technique over time, but I just wondered. I've read about using just about anything from honey to soap to apply it. BTW, my pores look better after 1 use. Thanks!
Hybrid Vehicle
Yes, I love my Insight. It is 2001, never had any problems and has 50 to 60 miles per gallon of gas usage! When I purchased this one, I received a 15% off the top for the 21K cost of the car on federal taxes. I could never go to a regular car again.
The best part is: the mileage is even more because the engine shuts off at a stop sign or when in road rage traffic. This would prove to be even better mileage since all other automobiles are steadily burning while this Insight is completely off. Of course you can adjust if you really need air conditioning. It came with auto everything: windows, transmission and power brakes and steering.
I would think that owning a vehicle with low miles is a plus - sm
at the end of that 5 years you own the vehicle, versus leasing you don't; and you would owe a huge chunk if you choose to buy it. After 5 years of paying a car off with low miles, you can choose to re-sell and get a better price because of the low miles (big selling point). So whoever fed you the line above is, I think, totally off the mark (or trying to lease you a car).
Husband bought a vehicle, in his name,
husband died. Money still owed on the car. I did not want, was not responsible for HIS bill and nothing they could do. Told them sitting in my backyard, come and get it. I did not own, had not signed my John Henry on it, so glad. Could be similar if you are not signed on the house.
leasing is same as renting a house, never the best financial choice...sm
bottom line is somebody is making money off of you leasing. If they didn't make money off of you, they wouldn't lease. Same thing with renting. Renters always cover the mortgage and repairs on a home while the owner reaps the benefit of building equity. Now cars are a little different as they definitely depreciate while homes do not (usually!) but as I said, if they weren't making money doing it, they wouldn't do it. You can easily find a traded-in used vehicle with 50,000 or less at a dealership. Get one of the yearly reports from Consumer Reports and you can find which cars are the most reliable (for example, Buick LeSabres - those things run 4ever). Best financial move is to buy it from a private party with cash. I mean showing up with the whole offer in $100 bills. Few people can pass that up. If you can't get the money together to buy a car outright, you will for sure never get ahead driving someone else's car and paying them for the privilege of it. And you are just kidding yourself if you're driving around in a "new car" that you can't even afford to buy.
Anyone lease their vehicle? Need pros and cons please - sm
Am considering trading vehicle, and was advised because of the low miles I put on vehicles (under 25,000 miles in 5 years), that I would be better off leasing than buying. Would appreciate any and all thoughts and things to watch out for when leasing from those of you that have gone this route. TIA.
It's a form for vehicle accidents. It looks funny without
the caps, but I am not sure of this grammar rule.
TIA~
Not true. There are times that renting a home and leasing a car make more sense.
than outright purchase. Do your homework.
Dear confused, you've been offered some very poor advice re leasing...sm
none of the "pros" in favor of leasing have offered any dollar amounts, percentages, appreciation, or depreciation facts. It's all about feelings, feelings, feelings. You know, deep down inside, that leasing isn't the best way to use your money. It's just the same as renting. It's for peopel who don't have the money, so they get ripped off because they are trying to act like people who do have the money. But most people "considering" leasing have already made up their mind that they want to lease. It's so much more less painful...
Here in North Carolina they get to operate a motor vehicle at age 15 when accompanied by
a licensed driver. No, they do not state WHO has to be the licensed driver (i.e. friend, neighbor, etc) or how long the licensed driver needs to be licensed, but at 14.5 years they start driver's education in the schools! It is ridiculous to me, as they are children operating a very dangerous toy and I pray they up the age before my children reach it, as I do not feel children possess the maturity and forethought to drive at such a young age.
It's when a vehicle is reconditioned, for example, new paint, fancy wheels, stereo, upholstery, D
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