No more Lexus for me...
Lead Lap
Joined: Jul 2006
Posts: 413
Likes: 0
From: CA
I kinda see what he's saying here. I often times have to go to areas for work that I would rather not take my ride to. I don't like the face a door ding to my car... so I take the backup Scion TC to those locations. At least the paint wont cost me as much, and I don't feel the pain on a 17k car compare to a 40k car.
Pole Position
Joined: Jan 2004
Posts: 321
Likes: 0
From: Ontario, Canada
Guys, chill.
Paying for a car in full with cash/cheque doesn't make you richer/smarter and those who lease poorer/dumber. Car is a depreciating assest, what's the hurry to pay upfront for it? Paying off a house, on the otherhand, would be wiser.
If you have a high lease rate then yes - it's foolish to lease vs. buy. But Lexus' rates are like 3.9% (3.1% if you put in multiple refundable security deposits) it makes leasing a better option because you can use your free cash to invest (even just putting it in an ING direct account will net your 3.5% interest) or pay off other asset that has an appreciating value (i.e. house).
Anyways, I'm not starting an argument on lease vs. buy, but just wanted to illustrate that we should not jump to conclusion about why people lease a car even if they have the cash to buy it out in full. We all have our reasons for one choice over another and besides, we're not here to judge and just here to share/enjoy our IS.
And, just give that guy a break. He probably doesn't feel his current driving environment is worth spending money on a luxuary car for. If it's going to get damages/scratched, let it be a honda.. at least it's less costly to maintain/repair.
cheers
Paying for a car in full with cash/cheque doesn't make you richer/smarter and those who lease poorer/dumber. Car is a depreciating assest, what's the hurry to pay upfront for it? Paying off a house, on the otherhand, would be wiser.
If you have a high lease rate then yes - it's foolish to lease vs. buy. But Lexus' rates are like 3.9% (3.1% if you put in multiple refundable security deposits) it makes leasing a better option because you can use your free cash to invest (even just putting it in an ING direct account will net your 3.5% interest) or pay off other asset that has an appreciating value (i.e. house).
Anyways, I'm not starting an argument on lease vs. buy, but just wanted to illustrate that we should not jump to conclusion about why people lease a car even if they have the cash to buy it out in full. We all have our reasons for one choice over another and besides, we're not here to judge and just here to share/enjoy our IS.
And, just give that guy a break. He probably doesn't feel his current driving environment is worth spending money on a luxuary car for. If it's going to get damages/scratched, let it be a honda.. at least it's less costly to maintain/repair.
cheers
Lead Lap
Joined: Mar 2006
Posts: 541
Likes: 0
From: CA
Guys, chill.
Paying for a car in full with cash/cheque doesn't make you richer/smarter and those who lease poorer/dumber. Car is a depreciating assest, what's the hurry to pay upfront for it? Paying off a house, on the otherhand, would be wiser.
If you have a high lease rate then yes - it's foolish to lease vs. buy. But Lexus' rates are like 3.9% (3.1% if you put in multiple refundable security deposits) it makes leasing a better option because you can use your free cash to invest (even just putting it in an ING direct account will net your 3.5% interest) or pay off other asset that has an appreciating value (i.e. house).
Anyways, I'm not starting an argument on lease vs. buy, but just wanted to illustrate that we should not jump to conclusion about why people lease a car even if they have the cash to buy it out in full. We all have our reasons for one choice over another and besides, we're not here to judge and just here to share/enjoy our IS.
And, just give that guy a break. He probably doesn't feel his current driving environment is worth spending money on a luxuary car for. If it's going to get damages/scratched, let it be a honda.. at least it's less costly to maintain/repair.
cheers
Paying for a car in full with cash/cheque doesn't make you richer/smarter and those who lease poorer/dumber. Car is a depreciating assest, what's the hurry to pay upfront for it? Paying off a house, on the otherhand, would be wiser.
If you have a high lease rate then yes - it's foolish to lease vs. buy. But Lexus' rates are like 3.9% (3.1% if you put in multiple refundable security deposits) it makes leasing a better option because you can use your free cash to invest (even just putting it in an ING direct account will net your 3.5% interest) or pay off other asset that has an appreciating value (i.e. house).
Anyways, I'm not starting an argument on lease vs. buy, but just wanted to illustrate that we should not jump to conclusion about why people lease a car even if they have the cash to buy it out in full. We all have our reasons for one choice over another and besides, we're not here to judge and just here to share/enjoy our IS.
And, just give that guy a break. He probably doesn't feel his current driving environment is worth spending money on a luxuary car for. If it's going to get damages/scratched, let it be a honda.. at least it's less costly to maintain/repair.
cheers
Driver
Joined: Jan 2006
Posts: 182
Likes: 0
From: MI
Well lets look at this thread in reverse. suppose i went to a Honda si forum and posted this " hey guys i didn't like my si so i upgraded to a is-350. The si didn't make enough power its features are limited, and i cant stand the 4 banger buzz on the highway. The car just felt like a tin can......so an upgrade to my lexus was warranted.
Do you think the info i just gave those Honda owners on their forum would be useful to them...No, it would be an insult to post that on a Honda forum when i know those guys are loyal to their product.....
this guy did just that, and he should know that threads like this are not useful to IS owners.
Do you think the info i just gave those Honda owners on their forum would be useful to them...No, it would be an insult to post that on a Honda forum when i know those guys are loyal to their product.....
this guy did just that, and he should know that threads like this are not useful to IS owners.
Joined: Feb 2001
Posts: 31,944
Likes: 2,737
From: North Carolina
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Dec 28, 2014 09:57 AM