View Poll Results: Do you lease, finance or pay cash for cars?
Lease
7
8.86%
Finance
15
18.99%
I own my cars, CASH!
57
72.15%
Voters: 79. You may not vote on this poll
Do you lease, finance or pay cash for your cars?
Jan 24, 2011 | 03:34 AM
#31
TEAMSPEED.COM
Joined: Jan 2008
Posts: 14,842
Quoted for truth.
Where I come from, the concept of leasing anything other than company cars, is called a "subscription" which is a perfect word for it - you don't own the car any more than you own the media house that sends you the car magazines you subscribe to. How depressing to drive around in someone elses car . . .
Where I come from, the concept of leasing anything other than company cars, is called a "subscription" which is a perfect word for it - you don't own the car any more than you own the media house that sends you the car magazines you subscribe to. How depressing to drive around in someone elses car . . .
Jan 24, 2011 | 06:06 AM
#34
Teamspeed Pro
Joined: May 2008
Posts: 4,063
I'll trade it for that one camel that sold for 4M USD in the Middle East 
Bugatti Supersports! Here I come
Bugatti Supersports! Here I come
Jan 24, 2011 | 09:44 AM
#38
Teamspeed Senior Member
Joined: Oct 2008
Posts: 417
From: Colorado
If it's an out of state purchase, I will finance and let the bank do all the title work etc then pay it off after a couple months. I had an out of state title issue once, it was a serious pain, trust me, the bank do whatever it needs to get that title :-) I personally leased a car once, wouldn't do it again unless it's for business/write off reasons.
Personally, I like to own things and not have a monthly payment, but that's just me, I'm generally too busy to really care what others do or how they pass themselves off.
In all honesty, this is kinda up there with the what do you do and how much do you make questions...and then being judgmental about it.
Personally, I like to own things and not have a monthly payment, but that's just me, I'm generally too busy to really care what others do or how they pass themselves off.
In all honesty, this is kinda up there with the what do you do and how much do you make questions...and then being judgmental about it.
I am curious to see what form of ownership do most TS members prefer. I personally think that lease and finance is for people who want to live beyond their means. I know many people my age who lease brand new cars and pretend they are wealthy. This makes me sick. Currently I own two old BMWs which I love. I paid cash for both and still have money left to continue living the way I used to. Actually owning the car also makes me appreciate it a lot more because I know its mine and I worked hard for it.
Whats your take on lease vs finance vs cash when it comes to cars?
PS: I hope this is not a taboo question. I searched and did not find a similar topic.
Whats your take on lease vs finance vs cash when it comes to cars?
PS: I hope this is not a taboo question. I searched and did not find a similar topic.
Jan 24, 2011 | 10:23 AM
#39
Teamspeed's Howitzer
Joined: Oct 2009
Posts: 12,273
Interesting to note that many ppl forget; with leasing your downside of the transaction is protected. Meaning you're not exposed to depreciation or a market shift on the car. Clearly it depends on what you can/should do with your money. But knowing your monthly expenses on such a depreciating object - and being protected, is a huge plus.
Assuming a person who leases cannot pay cash would be HIGHLY naive. Especially with a MB/BMW/Audi/Porsche etc client.
The same point can be drawn for a person who spends $40,000 cash on a car. In most cases they can easily afford a $120k+ car. Its just a matter of priorities and 'perceived value' for that particular client.
I guess what shocks me most is how MANY people have very little understanding of how a lease works. And leasing has been around for about 3 decades now for cars.
Assuming a person who leases cannot pay cash would be HIGHLY naive. Especially with a MB/BMW/Audi/Porsche etc client.
The same point can be drawn for a person who spends $40,000 cash on a car. In most cases they can easily afford a $120k+ car. Its just a matter of priorities and 'perceived value' for that particular client.
I guess what shocks me most is how MANY people have very little understanding of how a lease works. And leasing has been around for about 3 decades now for cars.
Jan 24, 2011 | 10:30 AM
#40
Banned
Joined: Jun 2008
Posts: 4,846
^Good points
I think the biggest thing most gain from leases is the convenience of turning the car back in at the end of the term, not having to deal with selling/trading, and getting something new. I know that's a big reason my dad usually leased his company cars (cash for personal cars) for 2 yrs. Otherwise he'd have been trading every 6mos
When it comes to financing, with many of the offers manufacturers are throwing out there, generally people are finding that the money is so cheap their cash is better used elsewhere. With 0.0%-1.9% available from several different brands, it makes more financial sense if you don't mind making a monthly payment. Also have to think about how long you'll keep the car. Not having to deal w/ a monthly payment is nice though.
Quoted for truth.
Where I come from, the concept of leasing anything other than company cars, is called a "subscription" which is a perfect word for it - you don't own the car any more than you own the media house that sends you the car magazines you subscribe to. How depressing to drive around in someone elses car . . .
Where I come from, the concept of leasing anything other than company cars, is called a "subscription" which is a perfect word for it - you don't own the car any more than you own the media house that sends you the car magazines you subscribe to. How depressing to drive around in someone elses car . . .
When it comes to financing, with many of the offers manufacturers are throwing out there, generally people are finding that the money is so cheap their cash is better used elsewhere. With 0.0%-1.9% available from several different brands, it makes more financial sense if you don't mind making a monthly payment. Also have to think about how long you'll keep the car. Not having to deal w/ a monthly payment is nice though.