View Poll Results: Just wondering how many people lease or finance/own
I lease
41
19.90%
I own/finance
165
80.10%
Voters: 206. You may not vote on this poll
Just wondering how many people lease or finance/own
#5
Lexus Champion
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.
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.
#7
Lexus Test Driver
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.
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#9
Driver School Candidate
Join Date: Mar 2007
Location: Michigan
Posts: 6
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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.
#10
#11
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.
#12
Driver School Candidate
Join Date: Sep 2007
Location: CA
Posts: 31
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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.
#13
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.
#14
Driver School Candidate
Join Date: Jul 2007
Location: NH
Posts: 10
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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
Regards,
NHman
#15
Driver School Candidate
Join Date: Jul 2007
Location: California
Posts: 49
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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.
Last edited by HBcubs; 09-19-07 at 10:08 AM.