Lease or Buy?
Lexus Fanatic
Joined: Feb 2001
Posts: 5,445
Likes: 1
From: California
it all depends.....
Cong,
the choice between buying and leasing can be a complicated one. i worked for a leasing/financing co. before, so i know all the in-and-outs of leasing v. buying. basically people lease for the following MAIN reasons:
1.low payment
2.tax expense deduction for certain people, such as business owners.
3.those who like to drive new cars ever few years.
somtimes the factory are really pushing its inventory by offering good lease factors(interest rate). but the pros and cons truly depends on each buyer's personal situation.
since you and i are in the local area, give me a call if you want. i will be happy to share with you some of my experience, thoughts and how the dealers play the #$ game.
when the time comes, i can also have people get you connected w/good deal. are you looking for the gs3/4?
william
the choice between buying and leasing can be a complicated one. i worked for a leasing/financing co. before, so i know all the in-and-outs of leasing v. buying. basically people lease for the following MAIN reasons:
1.low payment
2.tax expense deduction for certain people, such as business owners.
3.those who like to drive new cars ever few years.
somtimes the factory are really pushing its inventory by offering good lease factors(interest rate). but the pros and cons truly depends on each buyer's personal situation.
since you and i are in the local area, give me a call if you want. i will be happy to share with you some of my experience, thoughts and how the dealers play the #$ game.
when the time comes, i can also have people get you connected w/good deal. are you looking for the gs3/4?
william
Lexus Test Driver
Joined: Feb 2001
Posts: 1,039
Likes: 0
From: Atlanta, GA
With a lease it's important to realize that you'll most likely have to stick it out for the full term or get very badly $$Burned$$.
Getting out early can be very expensive. In most cases you'll either have to buy the car - and most likely pay more than current used value thus taking a loss when you try to resell it or you'll have to pay off the balance of the lease.
So, unless you have lots of $$ don't think about getting into a 39 month lease and bailing out after 2 years. You could get lucky and get an assumable lease and find someone to take over your payments, but I wouldn't plan on it.
Also, when you lease you have to give the car back in stock condition. Any mods you do will have to be removed if you turn the car back to the leasor. Of course it you decide to buy it at the end of the lease, you can do whatever mods you choose.
Getting out early can be very expensive. In most cases you'll either have to buy the car - and most likely pay more than current used value thus taking a loss when you try to resell it or you'll have to pay off the balance of the lease.
So, unless you have lots of $$ don't think about getting into a 39 month lease and bailing out after 2 years. You could get lucky and get an assumable lease and find someone to take over your payments, but I wouldn't plan on it.
Also, when you lease you have to give the car back in stock condition. Any mods you do will have to be removed if you turn the car back to the leasor. Of course it you decide to buy it at the end of the lease, you can do whatever mods you choose.
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