Tractor Posted December 28, 2004 Report Share Posted December 28, 2004 Whats the pros and cons? I may get a new truck in the next year and would like an anwser that didn't come from a sales rep. Evan Quote Link to comment Share on other sites More sharing options...
CJINOHIO03 Posted December 29, 2004 Report Share Posted December 29, 2004 wells pros u get a new car every couple of years..bad excess mileage charges etc..check out the car sites edmunds etc they prolly info and calculators showing the costs of ownership etc. CJ Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted December 29, 2004 Report Share Posted December 29, 2004 I've leased before and will not do it again either. Plus, I drive too much. Quote Link to comment Share on other sites More sharing options...
recklessOP Posted December 29, 2004 Report Share Posted December 29, 2004 Originally posted by Mr. 2: I've leased before and will not do it again either.agreed. they come after you for EVERYTHING when you turn in the car, even normal wear and tear... Quote Link to comment Share on other sites More sharing options...
Guest tbirdchick Posted December 29, 2004 Report Share Posted December 29, 2004 leasing is for 60+ year old retired ppl who doesn't go any further than to town and back. Quote Link to comment Share on other sites More sharing options...
Tractor Posted December 29, 2004 Author Report Share Posted December 29, 2004 Thats kinda what I thought about leasing. I probably drive to much. I'm looking at getting a toyota truck for my wife to drive to work and for me to haul my other toyota with on the weekends. I did a web search for quite some time over the past few days and haven't found any info on loans or leasing. You'd think it would be a topic that would at least have 1 FAQ out there, but I haven't found anything yet. Anyone know when the best time to buy cars is? I'm guessing at the end of the year, but I don't like the current toyota trucks. I'm very interested in the 05 model year. Don't bother talking me into anything else. Nothing compares in quality. Evan Quote Link to comment Share on other sites More sharing options...
black00ws6 Posted December 29, 2004 Report Share Posted December 29, 2004 My wife leases and it's perfect for her. She only drives 4-5k miles a year (work is about 2 miles away) and I drive us everywhere else, etc. I leased once and will never do it again though. Quote Link to comment Share on other sites More sharing options...
copperhead Posted December 29, 2004 Report Share Posted December 29, 2004 Evan, you would decimate the milage restrictions on a lease, don't even consider it. Quote Link to comment Share on other sites More sharing options...
Tractor Posted December 29, 2004 Author Report Share Posted December 29, 2004 Yeah I figure I could. I just don't even have a clue what type of restriction it would be. They must be talking 10K a year. I'd do more like 30K a year. I'm just tired of driving everyone elses old junk for 5 years. I think I'd rather drive my own toy for 10+ years. Evan Quote Link to comment Share on other sites More sharing options...
Kohones Posted December 30, 2004 Report Share Posted December 30, 2004 Having been in the auto finance b/z for 30 yrs! Here's some factual answers to your questions = * Leasing is cool IF YOU KNOW WHAT YOU SIGNED UP FOR!!!! PERIOD * Lease must be closed end type, ergo end of lease termination ie residual value is lenders responsibility not yours * Yeah you can do a lease for annual mileages that range from 12,000 a year to 20,000 a year. The catch is that you MUST pick your annual mileage at inception of your deal * mileages OVER the annual one you chose you'll typically pay .15 for EACH mile over / thats where consumers "get nicked" Leasing is NOT for everyone, but it does work for some --- Hope that helps. If you have any addl questions, don't hesitate to p.m. me. I work at Nissan North & would be glad to help you - Quote Link to comment Share on other sites More sharing options...
gillbot Posted December 30, 2004 Report Share Posted December 30, 2004 Originally posted by Ricochet: I'll never lease another car again in my life. I hate having to worry about miles and mods which will void some warranty. However, getting a lease on a fast-depreciating model means you won't have to worry about losing money on resale values.EVERYONE I know that has leased will never do it again, myself included. Quote Link to comment Share on other sites More sharing options...
Tractor Posted December 30, 2004 Author Report Share Posted December 30, 2004 I know of several people that only lease and they are field service technicians so they add up 50,000 miles plus a year. I don't know why they lease or what type of deal there getting, but they are always in a new car and don't wanna mess with fixing shit. Evan Quote Link to comment Share on other sites More sharing options...
still2hi Posted December 31, 2004 Report Share Posted December 31, 2004 I will never lease again. Basically you are paying to rent a car for 3 - 5 years. You will have to pay alot to get out of the lease, if you dont wait. The car will never go into your name, and you will not be able to get any money out of it. On the other hand, you will have a reliable car. If you do decied to lease, becareful and the lease agreement carefully. Quote Link to comment Share on other sites More sharing options...
downingracing Posted January 2, 2005 Report Share Posted January 2, 2005 I lease my Suburban and I'll lease the next one! I tow with mine. I'll use it up and turn it in. I've done it before and I'll keep doing it. The payment on a new Suburban is more than I want to pay for a vehicle. I can lease it for less and always have a great tow vehicle! Quote Link to comment Share on other sites More sharing options...
Mallard Posted January 2, 2005 Report Share Posted January 2, 2005 edit: people already said what I had to say. Quote Link to comment Share on other sites More sharing options...
girlygirl18t Posted January 2, 2005 Report Share Posted January 2, 2005 loan......leasing is a bad idea. I know I've done it once. your much better off with all of the rules and b/s that goes along with leasing to just buy it. Quote Link to comment Share on other sites More sharing options...
civicboy375 Posted January 3, 2005 Report Share Posted January 3, 2005 I just leased a new car the other day. Personally, I do not prefer leasing, purchasing a vehicle is much better to me. However, if your a person who is looking to "build" credit when you don't have much to start with, I would suggest leasing. Also,if a person decides to lease, do not forget to get something with some value to it after the lease period is over. That way, you have some equity built. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.