It depends what the residual value is. If the vehicle is worth

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Apr 22, 2019
11:04:57am

PessimisticCB Redshirt Freshman

It depends what the residual value is. If the vehicle is worth

Less then what the bank wants you to buy it for then no.

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PessimisticCB

Previous username: Fredflinstone
New username: LyleLanley
Bio page: PessimisticCB
Joined: Nov 29, 2018
Last login: Jan 26, 2020
Total posts: 0 (0 FO)

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Messages

Author

Time

Why leasing isn't always a bad idea: a long and boring explanation

Negative Equity

4/22/19 10:27am

TLDR version

Negative Equity

4/22/19 10:29am

They're good if you are the person that trades their car in every 3-5 years.

molodyets

4/22/19 10:30am

That's exactly what I did

CougarHut

4/22/19 11:04am

The miles are always the biggest problem.

kotacoug

4/22/19 10:33am

He speaks to that in the OP.

garyfan

4/22/19 10:37am

I nodded off before I got to it...😉 that’s still the biggest variable

kotacoug

4/22/19 10:50am

Again, you probably should read the article.

PessimisticCB

4/22/19 11:03am

Ya I did... the fact is the mileage is still a concern because it’s not a fixed

kotacoug

4/22/19 11:42am

Mileage is variable. If you contract at 15K per year, but are on pace

Negative Equity

4/22/19 11:53am

also in theory you could do a lease for 50K miles a year (edited)

Negative Equity

4/22/19 1:46pm

If you do lease look into taking over someone

4/22/19 10:35am

Can I just BM you when I'm at that point?

Ragnar Danneskjold

4/22/19 10:39am

Is it ever a good idea to lease a car and then

hamwise

4/22/19 10:42am

Opps sorry and then buy it whenthe lease is up?

hamwise

4/22/19 10:42am

It depends what the residual value is. If the vehicle is worth

PessimisticCB

4/22/19 11:04am

In a couple situations that might be ok

Negative Equity

4/22/19 2:38pm

Favorited it for the next time I'm making the decision. I made it half way through. It will come in handy later. thx

DrBYU

4/22/19 10:44am

<< Deleted >>

Buffalo

4/22/19 10:31am

<< Deleted >>

The Board Imbecile

4/22/19 10:32am

Needs more charts and graphs.

JohnnyComeLately

4/22/19 10:33am

I knew it.....leasing and climate change go hand in hand!!!

StarMan

4/22/19 10:34am

What would be your fee as a purchase or lease ‘consultant’

kotacoug

4/22/19 10:49am

You can donate to CB or the Cougar Club

Negative Equity

4/22/19 11:26am

Yeah, me too. I am still in the market for entry level luxury sports sedans and

OmahaThunderCoug

4/22/19 11:47am

Don't buy in this situation. Set up the miles correctly and lease

Negative Equity

4/22/19 11:54am

I actually totally remember Jaime hill’s wife having the maroon SRX Cadillac.

PessimisticCB

4/22/19 12:07pm

buying new tires right before you turn it in; isn't that just throwing away money?

byujag

4/22/19 12:20pm

They will charge you for worn tires. If they need to put new tires on the

PessimisticCB

4/22/19 12:40pm

If the tires are worn below a certain point they will charge you

Negative Equity

4/22/19 12:56pm

Leasing is not bad if you hunt for the best deal. Way better than buying new.

ArchbishopMitty

4/22/19 12:26pm

Took all day to read. Good post.

crazY

4/22/19 10:15pm

Thanks for the right up - It was enjoyable! A coworker of mine plays the depreci

GlueBoggles

4/22/19 10:38pm

Thanks for spending the time; Great info

PflugrCugr

4/23/19 6:11pm

Negotiating on a lease isn't terribly difficult

Negative Equity

4/23/19 7:02pm

BN checks out

reagan21

4/11/23 10:30am

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