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

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Apr 22, 2019
10:38:13pm

GlueBoggles Walk-on

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

ation game with Subaru STIs and WRXs since around here they hold their value pretty well. He says at the end of the lease, he buys it at the calculated depreciated price which is less than what the dealer would pay for the car used so he says he "makes" money at the end. Seems logical but haven't ran the numbers.

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GlueBoggles

Bio page: GlueBoggles
Joined: Nov 30, 2017
Last login: Nov 17, 2024
Total posts: 162 (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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