Go Back  ClubLexus - Lexus Forum Discussion > General Forums > Car Chat
Those who lease: thoughts on Model 3 Lease (details included) >

Those who lease: thoughts on Model 3 Lease (details included)

Notices
Car Chat General discussion about Lexus, other auto manufacturers and automotive news.
Sponsored by:
Sponsored by:

Those who lease: thoughts on Model 3 Lease (details included)

 
Old 04-19-19, 07:42 AM
  #46  
bitkahuna
resisting entropy
iTrader: (20)
 
bitkahuna's Avatar
 
Join Date: Feb 2001
Location: Present
Posts: 55,493
Received 64 Likes on 55 Posts
Default

Originally Posted by jrmckinley View Post
Where "New" = "different", yes. I could end up buying a 1980 Wagoneer after leasing the Model 3 for all I know.
LOL, i can relate! went from sports sedan to 2 SUVs to a luxobarge now...
bitkahuna is offline  
Old 04-19-19, 07:55 AM
  #47  
jrmckinley
Lexus Test Driver
Thread Starter
 
Join Date: Mar 2014
Location: fl
Posts: 1,508
Received 55 Likes on 54 Posts
Default

Originally Posted by LexsCTJill View Post
Because you are not acknowledging the long term costs of lease compounding over time vs buying. Nor are you looking at the interest paid over time vs buying... you keep saying 3 years is what you are looking at....so then lease.
No, you keep assuming that I will continue to lease after year 3 and I never once mentioned that. You brought up me leasing for a total of 9 years in an effort to continue your personal narrative and belief instead of trying to see a different viewpoint. That came out of nowhere.

I don't care about the interest rate over "buying." You also fail to accept the concept that paying cash for something vs. financing is often the exact opposite of what makes sense.
jrmckinley is offline  
Old 04-19-19, 09:00 AM
  #48  
LexsCTJill
Lexus Fanatic
 
Join Date: Nov 2011
Location: ON
Posts: 12,331
Received 36 Likes on 29 Posts
Default

Originally Posted by jrmckinley View Post
No, you keep assuming that I will continue to lease after year 3 and I never once mentioned that. You brought up me leasing for a total of 9 years in an effort to continue your personal narrative and belief instead of trying to see a different viewpoint. That came out of nowhere.

I don't care about the interest rate over "buying." You also fail to accept the concept that paying cash for something vs. financing is often the exact opposite of what makes sense.
So. Then lease the car
LexsCTJill is offline  
Old 04-19-19, 09:05 AM
  #49  
jrmckinley
Lexus Test Driver
Thread Starter
 
Join Date: Mar 2014
Location: fl
Posts: 1,508
Received 55 Likes on 54 Posts
Default

Originally Posted by LexsCTJill View Post
So. Then lease the car
I will do whatever makes the most financial sense.
jrmckinley is offline  
Old 04-19-19, 09:14 AM
  #50  
SW17LS
Lexus Fanatic
 
SW17LS's Avatar
 
Join Date: May 2012
Location: MD
Posts: 26,564
Received 635 Likes on 522 Posts
Default

Originally Posted by LexsCTJill View Post
Doesn't matter to me. Leasing is a waste of a money long term, I have said that before. So I say, disregard/ignore and make not-relevant the long term thought and just pull the trigger and lease for 3 years.
If I remember correctly...you have a boat...which is a giant hole in the water you just pour money into. To me, a giant "waste of money".

Bottom line is, everybody is different. I get more enjoyment out of the money spent on my cars than any other money I spend on anything, so who is to say its a waste of money?

We all spend money on things that other people wouldn't choose to spend money on, and choose not to spend on things that would be important to other people.
SW17LS is offline  
Old 04-19-19, 09:14 AM
  #51  
LexsCTJill
Lexus Fanatic
 
Join Date: Nov 2011
Location: ON
Posts: 12,331
Received 36 Likes on 29 Posts
Default

Originally Posted by jrmckinley View Post
I will do whatever makes the most financial sense.
Right. And a lease is never the most sensible over the long run. But you said the long term is not relevant. So lease makes sense for the short 3 year window
LexsCTJill is offline  
Old 04-19-19, 09:16 AM
  #52  
SW17LS
Lexus Fanatic
 
SW17LS's Avatar
 
Join Date: May 2012
Location: MD
Posts: 26,564
Received 635 Likes on 522 Posts
Default

If we all did the "most sensible thing over the long run" we would live in 500 square foot apartments and eat ramen noodles.
SW17LS is offline  
Old 04-19-19, 09:17 AM
  #53  
LexsCTJill
Lexus Fanatic
 
Join Date: Nov 2011
Location: ON
Posts: 12,331
Received 36 Likes on 29 Posts
Default

Originally Posted by SW17LS View Post
If we all did the "most sensible thing over the long run" we would live in 500 square foot apartments and eat ramen noodles.
So you admit that over the long term, a lease not the most sensible option.
LexsCTJill is offline  
Old 04-19-19, 09:19 AM
  #54  
SW17LS
Lexus Fanatic
 
SW17LS's Avatar
 
Join Date: May 2012
Location: MD
Posts: 26,564
Received 635 Likes on 522 Posts
Default

Originally Posted by LexsCTJill View Post
No we would not
Yes we would. You're advocating for the cheapest way forward as being the "most sensible way". The cheapest way to live would be in a small apartment eating very inexpensive food, wearing secondhand inexpensive clothing.
SW17LS is offline  
Old 04-19-19, 09:20 AM
  #55  
SW17LS
Lexus Fanatic
 
SW17LS's Avatar
 
Join Date: May 2012
Location: MD
Posts: 26,564
Received 635 Likes on 522 Posts
Default

Originally Posted by LexsCTJill View Post
So you admit that over the long term, a lease not the most sensible option.
I admit that over the long term leasing costs more than owning the same car for a long time, absolutely. What is the most "sensible" option is a personal decision. Its not sensible for me to drive the same car for 5+ years because that doesn't make me happy.
SW17LS is offline  
Old 04-19-19, 09:22 AM
  #56  
LexsCTJill
Lexus Fanatic
 
Join Date: Nov 2011
Location: ON
Posts: 12,331
Received 36 Likes on 29 Posts
Default

Originally Posted by SW17LS View Post
I admit that over the long term leasing costs more than owning the same car for a long time, absolutely. .
Thank you very much.
LexsCTJill is offline  
Old 04-19-19, 09:23 AM
  #57  
LexsCTJill
Lexus Fanatic
 
Join Date: Nov 2011
Location: ON
Posts: 12,331
Received 36 Likes on 29 Posts
Default

Originally Posted by SW17LS View Post
Yes we would. You're advocating for the cheapest way forward as being the "most sensible way". The cheapest way to live would be in a small apartment eating very inexpensive food, wearing secondhand inexpensive clothing.
No I did not.
LexsCTJill is offline  
Old 04-19-19, 09:42 AM
  #58  
jrmckinley
Lexus Test Driver
Thread Starter
 
Join Date: Mar 2014
Location: fl
Posts: 1,508
Received 55 Likes on 54 Posts
Default

Originally Posted by LexsCTJill View Post
So you admit that over the long term, a lease not the most sensible option.
And this proves my point that you turned this thread into your personal narrative of why leasing makes no sense (to you). This has absolutely nothing to do with why I started the thread, but you came here to prove a point to yourself.

It would be awesome to get back on topic and have input of folks familiar with leasing to check my thought process on the model 3 lease structure.
jrmckinley is offline  
Old 04-19-19, 09:44 AM
  #59  
LexsCTJill
Lexus Fanatic
 
Join Date: Nov 2011
Location: ON
Posts: 12,331
Received 36 Likes on 29 Posts
Default

Originally Posted by jrmckinley View Post

It would be awesome to get back on topic and have input of folks familiar with leasing to check my thought process on the model 3 lease structure.
There is nothing wrong with your cost structure from a 3 year lease point of view. What exactly are you doubting?

Last edited by LexsCTJill; 04-19-19 at 09:51 AM.
LexsCTJill is offline  
Old 04-19-19, 10:08 AM
  #60  
jrmckinley
Lexus Test Driver
Thread Starter
 
Join Date: Mar 2014
Location: fl
Posts: 1,508
Received 55 Likes on 54 Posts
Default

Originally Posted by LexsCTJill View Post
There is nothing wrong with your cost structure from a 3 year lease point of view. What exactly are you doubting?
The fact that residual and money factor are not disclosed makes me wonder how competitive the lease deal actually is. That helps me know if I should consider one of the other two options (cash or finance).
jrmckinley is offline  

Thread Tools
Search this Thread

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: