can i get some opinions? looking into leasing one when its ready to purchase.

ofc i would do the highest engine 4.0 twin turbo

This post was edited by Llove on May 18 2016 06:04am

Yea, Don't.

I havent driven one but I think they seem pretty nice. Ive heard they are selling pretty poorly though.

Also, dont lease

Why no lease if you change car often ?

this.

If you can afford it and want the nicest all the time why not?

Leasing a car is the same as buying one. The only difference is you have no equity when the terms are over.

Pretty much like renting vs buying a home. It's great for people that can't manage their money.

This post was edited by jimmyhoud on May 19 2016 04:11pm

What if I don't expect to own my car for 10 years? It's better to lease it for 4 years than finance it over 7 and trade it in with negative equity in 4 years. Also have lower payments during this period.

Renting and buying a home vs leasing and buying a car is in no way similar. I plan to stay in my home for 15+ years, not my car. Car values go down, house remain the same or go up depending on the market. Houses can lasts forever, cars can't. I can keep going on how they are far from being the same thing.

Also leasing should be people who can manage money, not the other way around. Canceling a lease contract has big penalties, so make sure you can handle the payment. Buying would be better if you can't manage your money, because you could sell it if you can't keep up with the payments anymore (although taking a negative equity lost most likely)

This post was edited by h4bs on May 19 2016 04:18pm

Who said 10 years?

I'l throw out two scenarios and you can figure out which one will fit you better.

Case 1 -- You're like me, you like to swap vehicles every year so you are looking at a 12month lease. Your lease is going to be based on the FULL msrp of the vehicle. Like to negotiatel your price? Sorry, you're leasing, but how about .1% less interest? lol..
You'r going to pay MORE in the first 12 months of ownership with your down payment + monthly payments than it would be to purchase the car outright with the same or smaller down payment.
Fast forward 12 months, congrats! you've successfully pissed away every penny you've paid on this car and have no equity to show for it. just like.. you guessed it. RENTING a house.

Case 2 -- you decide that this car is awesome and you can commit to a 48 month lease. Good for you! Now, you're looking at paying for 90-110% of the value of the vehicle over your monthly payments + down payment depending on how good your credit is and what kind of an interest rate you can snag.
Lets just make this fun and say that the car you do decide to lease is not a throw-a-way and has some residual value after your 4 years of ownership and 80,000 miles of driving. Let's say it's worth 20,000 bucks. To be brutally honest, it doesn't matter. You decided to lease and have no equity in the car you purchased for the leasing company. They now have 20,000 dollars in equity that YOU built for them. On the bright side, they will allow you to purchase the car outright for current value. Let's say you decided to buy it because it was such a great car. Congrats. You paid for the car in full. Then you bought it again.

Go ahead and let me know how Leasing a Vehicle will bring you out on top. You can dream up the wildest fucking circumstances and you're still going to be better off buying and building equity...Period.

This post was edited by jimmyhoud on May 19 2016 04:30pm

Forget that 12 months crap, that isn't smart for anyone except people who have money to throw away. Also you're wrong, you can negotiate the price of lease and not just the interest %.

If you like to change cars every 4 years, leasing is the better option. So what? I bought a 37000$ car, paid 17000$ over 4 years (note: I also only pay taxes on 17000$ and not 37000$) and car is back to dealer with a residuel value of 20000$. While you took on a 37000$ loan, paying more than me per month, and after the same 4 years you have MORE than 20000$ left to pay on your loan. You want to trade it in? We all know dealer lowball you on trade-ins. So dealer is giving you 17000$ for your car you stil owe 23000$ on. Want to sell the car yourself for more? Go ahead, will take some time and you won't save from the tax break of trading it in and still wont make equity out of selling it.

I work in car finance industry and work with negative equity loans every day. If you can afford to change new cars every 4 years, lease is the way to go, if you buy NEW cars every 4 years, you will end up with so much negative equity you won't even be approved for your 3rd or 4th car.

Cars are NOT like houses, you don't invest/build equity on them. They drop so much in value.

This post was edited by h4bs on May 19 2016 05:00pm

This...

But it all depends on what kind of interest rates you're getting, but I think in general cars aren't meant to be investments anyways, so if you like to switch cars every few years, why not pay a little extra for the ability to?

Sure it's a "poor" financial choice but the same thing can be said for other activities such as drinking, clubbing, and smoking. Some people are just new car guys and don't want to deal with the hassle of selling their car after a few years and buying a new one.