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  #81  
Old 06-06-2006, 05:15 PM
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AMRAAM4 AMRAAM4 is offline
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Quote:
Originally Posted by 04TBEXT
There is no comparison between owning and leasing a vehicle. It's like trying to compare owning a home to renting a home. With leasing, like renting, you have zero equity (no ownership). In today's housing market, owning a home may be a financially sound, because of its appreciating value. With an automobile and its depreciating value, its just the opposite. In order to make money on a vehicle, it would have to be super rare or extremely old & desireable.
And just my own observation, to quote AMRAAM4 about Mr. Moneybags who scream, "I need to be noticed" typically do not have the real financial depth they want you to think they have.
Not sure which side you are on, but here is a simple rule.

You RENT things that depreciate. You BUY things that appreciate.

Cars depreciate. Homes Appreciate.
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  #82  
Old 06-06-2006, 06:33 PM
04TBEXT 04TBEXT is offline
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I agree with your RENT/BUY logic. My point was regarding the difference between leasing & purchasing, as it has no comparison. You RENT when you lease and BUY when you "pay for it with cash" or through a financial arrangement.
There is no ownership when leasing. The outlay of cash is greater in ownership. You don't lose any of your 11% return on your investment when you lease, but you don't own anything either...your simply paying for useage.
Each of the financial methods should be judged on their own merits.
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  #83  
Old 06-07-2006, 10:01 PM
SSmokinTB SSmokinTB is offline
 
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I thought it was kind of ironic that instead of paying the $5500 downpayment on my wifes Nissan Murano that we put it on the GM card and paid it off at the end of the month. The finance officer at the Nissan dealer gave me a funny look, but didn't say anything. $5500 x .05 = $275 on my next GM vehicle.
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  #84  
Old 06-07-2006, 10:27 PM
Dave Dave is offline
 
Join Date: Oct 2004
Posts: 3,390
Quote:
Originally Posted by 04TBEXT
I agree with your RENT/BUY logic. My point was regarding the difference between leasing & purchasing, as it has no comparison. You RENT when you lease and BUY when you "pay for it with cash" or through a financial arrangement.
There is no ownership when leasing. The outlay of cash is greater in ownership. You don't lose any of your 11% return on your investment when you lease, but you don't own anything either...your simply paying for useage.
Each of the financial methods should be judged on their own merits.
That is great if you don't drive much during the year. I average 20k a year when I'm home the whole year so I just buy my cars. Besides you never know when something comes up and you have to get rid of the car. I had to dump my CTS V because of a hip problem. I took a big hit but I probably wouldn't be able to drive it today if I didn't sell it.

With a lease, you are stuck for around 3 years.
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  #85  
Old 06-07-2006, 10:28 PM
Dave Dave is offline
 
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Quote:
Originally Posted by SSmokinTB
I thought it was kind of ironic that instead of paying the $5500 downpayment on my wifes Nissan Murano that we put it on the GM card and paid it off at the end of the month. The finance officer at the Nissan dealer gave me a funny look, but didn't say anything. $5500 x .05 = $275 on my next GM vehicle.
As long as you don't have to pay interest on the GM Card. They are high compared to other credit cards and most loans.
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  #86  
Old 06-07-2006, 10:32 PM
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2002SLT 2002SLT is offline
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Quote:
Originally Posted by Dave
That is great if you don't drive much during the year. I average 20k a year when I'm home the whole year so I just buy my cars. Besides you never know when something comes up and you have to get rid of the car. I had to dump my CTS V because of a hip problem. I took a big hit but I probably wouldn't be able to drive it today if I didn't sell it.

With a lease, you are stuck for around 3 years.
Main reason I don't lease. You can't plan for the unexpected.
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