bitkahuna

iTrader: (20)

LOL, i can relate! went from sports sedan to 2 SUVs to a luxobarge now...

jrmckinley

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.

Toys4RJill

So. Then lease the car

jrmckinley

I will do whatever makes the most financial sense.

SW17LS

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.

Toys4RJill

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

SW17LS

If we all did the "most sensible thing over the long run" we would live in 500 square foot apartments and eat ramen noodles.

Toys4RJill

So you admit that over the long term, a lease not the most sensible option.

SW17LS

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

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.

Toys4RJill

Thank you very much.

Toys4RJill

No I did not.

jrmckinley

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.

Toys4RJill

There is nothing wrong with your cost structure from a 3 year lease point of view. What exactly are you doubting?

jrmckinley

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).