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TriBob
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Joined: 29 Aug 2002
Posts: 5771
Location: Lost in Transition
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 Posted: 12/16/04 - 14:13 Post subject: Poll/Not Poll: Cars - Lease or buy?
Do you lease or buy you cars?
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robp
Pyromaniac
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Joined: 26 Jul 2002
Posts: 16242
Location: Waiting in line at the beer store...
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Posted: 12/16/04 - 14:14 Post subject:
Buy. Used. Cheap. Previously owned by little old ladies who only drove on nice days. If you're not in a hurry you can find some incredible deals.
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elkid
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Joined: 18 Nov 2002
Posts: 8353
Location: hiding out in Philly
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Posted: 12/16/04 - 14:16 Post subject:
Buy. New. Foreign, built domestically. Run 'em into the ground.
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 12/16/04 - 14:20 Post subject:
Bought. The one I am driving now was given to us.
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Gogirlgo
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Joined: 25 Jul 2002
Posts: 4777
Location: No deal, stalker.
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Posted: 12/16/04 - 14:20 Post subject:
Buy. Have bought new but don't see the point in ever doing so again. Used is the way for me, since there are now pretty lengthy warranties. Run them into the ground.
The reasons against a lease: It's good to eventually pay something off and not have a car payment. Also, I don't want to get into the mentality that a car is only good for 3-5 years.
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MechEngDropout
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Joined: 27 Jun 2003
Posts: 10474
Location: Off the grid
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Posted: 12/16/04 - 14:23 Post subject:
| Gogirlgo wrote: | | The reasons against a lease: It's good to eventually pay something off and not have a car payment. Also, I don't want to get into the mentality that a car is only good for 3-5 years. |
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cherylpf
crazy cat lady
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Joined: 14 May 2002
Posts: 17305
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Posted: 12/16/04 - 14:25 Post subject:
Buy. I love driving a paid-for car. I don't know the benefits of a lease but I do know several people who had big issues when they leased.
Suze Orman's take on car leases for what that's worth.
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elkid
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Joined: 18 Nov 2002
Posts: 8353
Location: hiding out in Philly
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Posted: 12/16/04 - 14:27 Post subject:
| cherylpf wrote: | Buy. I love driving a paid-for car. I don't know the benefits of a lease but I do know several people who had big issues when they leased.
Suze Orman's take on car leases for what that's worth. |
Go Ms. Orman. Leasing is just plain stupid. The mileage restrictions and penalties for early lease termination alone make it a bad financial choice.
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brie k
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Joined: 15 May 2002
Posts: 5661
Location: where the wild things are
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Posted: 12/16/04 - 14:27 Post subject:
| Cappy wrote: | | Bought. The one I am driving now was given to us. |
104,000 miles and I still love it, although if I could have one with fewer miles on it, I'd love that too. I doubt I'll ever buy a "new" new car.
Damn, when we left Charlotte on 9/2 I only had 96k on it. I haven't put so many miles on a car in such a small amount of time since I was a working mom.
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rolling rock
The Pinball
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Joined: 15 May 2002
Posts: 16218
Location: unknown zone
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Posted: 12/16/04 - 14:41 Post subject:
buy and keep them forever.
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Molly600
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Joined: 15 May 2002
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Posted: 12/16/04 - 14:57 Post subject:
| rolling rock wrote: | | buy and keep them forever. |
(used cars)
Haven't ever had a brand new car, doubt I ever will.
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akern
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Joined: 31 May 2002
Posts: 17149
Location: CTU
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Posted: 12/16/04 - 15:12 Post subject:
Buy new, keep forever.
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pokychick
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Joined: 02 Oct 2002
Posts: 5640
Location: City of Dis
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Posted: 12/16/04 - 15:29 Post subject:
lease every 3-5 years
actually I'm on my 3rd vehicle ever
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 12/16/04 - 15:33 Post subject:
| robp wrote: | | Buy. Used. Cheap. Previously owned by little old ladies who only drove on nice days. If you're not in a hurry you can find some incredible deals. |
..haven't had a car payment on the last six cars.
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bpdou
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Joined: 09 Apr 2004
Posts: 1713
Location: Louisville
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Posted: 12/16/04 - 16:34 Post subject:
MTC: If leasing wasn't to the advantage of the car manufacturer and/or the finance company, you can rest assured leasing wouldn't be pushed nearly as much as it is.
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