[personal profile] stoney321
Reminder: car accident, I bought the car outright, now I'm in limbo on being paid out for it (and I won't get paid back what I paid because the universe hates me). And ha, the dealership hasn't filed the title change yet I just learned (20 days later, omg) and it takes up to 3 months in Texas, and I don't get paid from the insurance company until the title is in hand and... [deep breath]

SO! My dad is of the mindset that I should lease a car because it's less a month than buying, but I get nervous about monthly payments in the first place. And then, hmm, you lease it, and you always pay a monthly fee? Until you one day buy a car?

ADVICE SOUGHT: LEASING A VEHICLE. Anyone do this? Love it? Hate it? I'm interested in Real People experiences because while I love my dad, sometimes he's a dummy. ;)

ETA [crickets] Well, I stayed up researching and this article on Lifehacker makes a lot of sense, in case anyone [anyone? Buehler?] comes along and is curious for themselves. tl;dr: buying outright is the smart financial move.

Date: 2017-04-23 07:11 pm (UTC)
eccequambonum: (Default)
From: [personal profile] eccequambonum
Ugh, fleecing! I mean, leasing! If you actually run the numbers, HOLY COW, you are basically paying the dealership for all the loss of value in the care (with mega interest) and get NOTHING out of it in the end. THIS is how dealerships make the big bucks, not fro selling new cars. It's all in the financing, and the car fleece is the biggest finance shell-game tey have going. Don't do it. Don't. Browse some nice used care (some off lease ones -- My mom just snagged a 2015 Lexus RX with all of 20,000 miles on it for a ridiculously low price!) Two great articles:

https://www.daveramsey.com/askdave/posts/10367
http://nataliebacon.com/reasons-why-you-shouldnt-lease-a-car/

Date: 2017-04-25 03:27 pm (UTC)
zyrya: (sign - squirrel bite)
From: [personal profile] zyrya
Leasing might make sense for a commercial business because of the tax offsets and because vehicle fleets then get deals on insurance, servicing and parts, but I've never investigated it as an individual.

Date: 2017-07-10 11:25 pm (UTC)
kseenaa: (Swearing shoes)
From: [personal profile] kseenaa
I haven't done it myself, but from what I've heard and learned, buying is usually the better option. *shrug*

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