mark5

Just wondering how many people lease or finance/own

HighImStan

iTrader: (4)

Was about to lease. Father called me a dumbass and said, "you have money. IS350 is a toyota. and 350 will have high resell value."

isduong350

i've aways finance my cars. ive never thought about leasing it. the next one that im getting in dec. ill be financing it too.

ABC

9k left until i own it

Evitzee

For those that keep their cars for 4+ years, buying is the cheapest way to go. Leasing, which by definition is just renting the depreciation, will be the highest in the long run. Over a short term leasing appears cheaper but those lease payments never, ever, end. It's a perpetual rent. If you just have to have a new car every two years or so leasing can work, but who wants to go through life always having a $500, or more, car note? Not me. We have three vehicles in the family, two of them are 6 1/2 years old and still going strong. Paid off in three years which means they are free other than maintenance. I expect to keep my IS for 7-10 years. In my case buying is the cheapest option. 3 year loan.

We have become a nation focused on the PAYMENT rather than the true cost. We have gone from being a nation of 'Wealth Maximizers' to 'Payment Minimizers'. In the long run that is a very expensive way to live.

llamaboiz

I cashed out my main CD and bought it outright. I dont have interest to pay and my insurance is low 90bucks a month for the IS and 5.0 mustang

tex2670

I dont want to have to spend 3 years worrying about where I'm at with mileage, dings, dents, etc. Then, with a few months to go, worry about being under the gun that I MUST get a new car before my lease expires.

is4fsr

I wanted to lease at first for lower monthly payment but I usually keep my cars/SUVs 6-8 yrs so I decided to buy my IS.

labdriver

Mine is leased, but I work for Toyota and they pay the insurance and cover all maintenance/repairs. I could also buy it at a significant discount at any time.

newis350

off topic....do you know anyone at TRD? Any inside info on whether TRD will be showing a lexus at SEMA in October?

cneeley

Made sense to lease for me because I'm in my last year of college and already have a job when I get out but wanted to keep payments lower for the next 3 years... After three years i'll be a little more settled with job and house (hopefully) and then be getting a new car... and for sure buying it.

CASANOVA

I bought this vehicle for the wife. We always buy never thought of leasing. I wouldn't say leasing is not a goodway it just depends on what each individual wants and what works out best.

JensBoo

I'm leasing mine. I thought about buying, but I usually get a new car every 2-3 years and I keep my mileage really low. If I just travel to work and back, I will only put on 3,900 miles per year. My boyfriend drives the most when we go out anyway. In 3 years I will probably upgrade to either an IS350 or re-designed IS series. I will definetly stick with Lexus because their service has been amazing to me.

NHman

I lease but only because I can write off the expense (payment and maintenance). In addition, I receive a stipend each month that covers my car expenses. This way I am not using my own income to purchase a new car. Otherwise I would go with the financing or cash route.



Regards,
NHman

HBcubs

Paid in cash with my HELOC. Why pay a higher rate when I can just borrow against my equity and use it as a tax deduction at the same time? I think the salesman thought it was weird seeing a 25 year old cut a 35k check, but again, he probably thought I was some typical Asian kid who's parents float him money to purchase a luxury vehicle.