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 | 12:53 PM
#61
Banned
Joined: Jun 2008
Posts: 4,846
In the case of many cars, leasing is way smarter than buying. Look at it this way: You have a Range Rover Supercharged for your daily. You change dailys every 2 or 3 years. Instead of buying it with your cash, you lease. You pay $1xxx/mo for 24 or 36mos. Car depreciates like a meteor falling from the sky which it does. Instead of losing your ass on resale/trade, you turn it over. This applies to all of the cars in that league - especially the expensive MBs, Audis, BMWs which are depreciation machines. I'm guessing the Panamera will fall into this category as well. So if "driving someone else's car" saves you 10k+ when you're done with it, then I'd gladly "drive someone else's car".
Pretty sure financing above 0.0% to around 2.9% is free money here if you factor in inflation as well.
Jan 24, 2011 | 12:56 PM
#62
TEAMSPEED.COM
Joined: Jan 2008
Posts: 14,842
If I am rabble rabble not mistaken - rabble rabble it is "your" car rabble rabble the term of rabble rabble lease. rabble rabble is in your name while rabble rabble co holds rabble rabble (forgive rabble rabble I may be a little rabble rabble on my car-rabble rabble world knowledge). You rabble rabble responsibility for rabble rabble rabble rabble to the rabble rabble , they get to deal with the rabble rabble . You also rabble rabble to write off rabble rabble of it if it's in rabble rabble company rabble rabble .
In the rabble rabble of many rabble rabble , leasing is rabble rabble smarter than rabble rabble . Look at it rabble rabble way: You rabble rabble a Range Rabble Supercharged for your rabble rabble . You change rabble rabble every 2 or 3 rabble rabble . Instead of rabble rabble it with your rabble rabble , you lease. You rabble rabble $1xxx/mo for 24 or rabble rabble . Car rabble rabble like a rabble rabble falling from the rabble rabble which it does. rabble rabble of losing rabble rabble ass on resale/rabble rabble , you turn it rabble rabble . This rabble rabble to all of the rabble rabble in that rabble rabble - especially the rabble rabble MBs, rabble rabble's, BMWs which are rabble rabble machines. I'm rabble rabble the Panamera will rabble rabble into this rabble rabble as well. So if "rabble rabble someone else's rabble rabble " saves you 10k+ rabble rabble you're rabble rabble with it, then I'd rabble rabble "rabble rabble someone else's rabble rabble ".
In the rabble rabble of many rabble rabble , leasing is rabble rabble smarter than rabble rabble . Look at it rabble rabble way: You rabble rabble a Range Rabble Supercharged for your rabble rabble . You change rabble rabble every 2 or 3 rabble rabble . Instead of rabble rabble it with your rabble rabble , you lease. You rabble rabble $1xxx/mo for 24 or rabble rabble . Car rabble rabble like a rabble rabble falling from the rabble rabble which it does. rabble rabble of losing rabble rabble ass on resale/rabble rabble , you turn it rabble rabble . This rabble rabble to all of the rabble rabble in that rabble rabble - especially the rabble rabble MBs, rabble rabble's, BMWs which are rabble rabble machines. I'm rabble rabble the Panamera will rabble rabble into this rabble rabble as well. So if "rabble rabble someone else's rabble rabble " saves you 10k+ rabble rabble you're rabble rabble with it, then I'd rabble rabble "rabble rabble someone else's rabble rabble ".
Jan 24, 2011 | 01:06 PM
#63
Teamspeed Pro
Joined: Jan 2008
Posts: 6,031
From: Chicago, Il
I don't see what the problem is with how someone pays for their car?
Jan 24, 2011 | 01:11 PM
#67
Teamspeed's Howitzer
Joined: Oct 2009
Posts: 12,273
but it's all good man. I get what you're saying.
Jan 24, 2011 | 01:16 PM
#68
Teamspeed's Howitzer
Joined: Oct 2009
Posts: 12,273
If I am not mistaken - technically it is "your" car over the term of the lease. Reg is in your name while leasing co holds title (forgive me I may be a little rusty on my car-sales world knowledge). You assume responsibility for everything related to the car, they get to deal with the depreciation. You also get to write off part of it if it's in the company name.
.
.
You're paying to borrow the car. Pure and simple.
However yes, you do get to write it off if it's in a business name.
The only time a car is YOURS is if you finance or have paid cash. Leasing, no.
Jan 24, 2011 | 01:29 PM
#69
Teamspeed Pro
Joined: Jan 2008
Posts: 4,528
From: New Jersey
^^^
Shouldn't one be deciding how to purchase a car based on what makes the most financial sense for that specific acquisition and their specific financial situation, rather than being concerned with how it is being labeled by anyone else? Does your bank account, or your CPA care whether it is considered owned, rented or borrowed?
Owning a car is nearly always a bad investment, in the strictest sense of the word, so shouldn't we be discussing how best to minimize your loss over the term of ownership? The total cost of ownership divided by the # of months owned is what we should be looking at when deciding the best way to purchase a car, and any of the three can be the best based on your specific circumstances.
Shouldn't one be deciding how to purchase a car based on what makes the most financial sense for that specific acquisition and their specific financial situation, rather than being concerned with how it is being labeled by anyone else? Does your bank account, or your CPA care whether it is considered owned, rented or borrowed?
Owning a car is nearly always a bad investment, in the strictest sense of the word, so shouldn't we be discussing how best to minimize your loss over the term of ownership? The total cost of ownership divided by the # of months owned is what we should be looking at when deciding the best way to purchase a car, and any of the three can be the best based on your specific circumstances.
Jan 24, 2011 | 01:30 PM
#70
Teamspeed Pro
Joined: Jan 2008
Posts: 7,871
From: Montreal, CA
That was an awful way to argue your case 
So if you go out with someone elses ugly and low-maintenance/ambition chick, you "win" over the guy who married a real hottie that just requires some joory every now and then?
I realize you have a larger penis and in your case it did make a certain amount of financial sense as well - but 1) that's not how the concept is supposed to work and was an exception because somebody miscalculated, and most importantly, 2) you would never have purchased the car in the first place. You cannot save money on a car you wouldn't have bought anyway. In the same way that I didn't just save some dollars by walking past the root beer at the store - because they taste like shit and I wouldn't have bought them anyway.
So if you go out with someone elses ugly and low-maintenance/ambition chick, you "win" over the guy who married a real hottie that just requires some joory every now and then?
I realize you have a larger penis and in your case it did make a certain amount of financial sense as well - but 1) that's not how the concept is supposed to work and was an exception because somebody miscalculated, and most importantly, 2) you would never have purchased the car in the first place. You cannot save money on a car you wouldn't have bought anyway. In the same way that I didn't just save some dollars by walking past the root beer at the store - because they taste like shit and I wouldn't have bought them anyway.
As you conceded it's a perfect argument to say "I wanted a cheap POS, leasing was the most viable option, hence leasing isn't necessarily shit, sometimes it works".
