The reason I ask is that I'm debating whether to lease the car for 3 yrs, or buy it and keep it for more than 5 yrs. One thing I hate about owning a car is that, when you sell the car, it's a hassle and you feel that you're getting ripped off. You never seem to get the "blue book" price, whether you sell to dealer or private party. But if a car has long term quality and fun, it makes better economic sense to buy it and keep it for several yrs. Is the MS3 such a car, or do you get tired of the transmission and all the shifting? Does anyone want to keep it for more than 3 yrs?
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Do you get tired of the MS3 in 3 yrs or 5 yrs?
- Thread starter nextcar
- Start date
- :
- 03.5 YLW MSP
The reason I ask is that I'm debating whether to lease the car for 3 yrs, or buy it and keep it for more than 5 yrs. One thing I hate about owning a car is that, when you sell the car, it's a hassle and you feel that you're getting ripped off. You never seem to get the "blue book" price, whether you sell to dealer or private party. But if a car has long term quality and fun, it makes better economic sense to buy it and keep it for several yrs. Is the MS3 such a car, or do you get tired of the transmission and all the shifting? Does anyone want to keep it for more than 3 yrs?
By used is thats what you are worried about. If you are the type of person that thinks they have to hvae a few ar every few years lease.
- :
- 03.5 YLW MSP
i see leases as a rip off. all that money you put into the car and you get nothing back unless you can somehow stay under you mileage. and if you go over like most people do they charge an arm and a leg no thank you.
Ditto leases are only good if you need a car and need to build up credit in my eyes. However they are the person who has to keep up with the jones then they are good.
Leases are a great option for some people. If you plan on getting rid of your car in a couple of years and you dont drive too much than leases can save you money. If you plan only plan on keeping your car for a couple years a lease is the way to go. Sure you may have paid all that money and get nothing at the end, but that is often the case if you finance a car and then sell it in 2 years. The car will likely be worth about what you owe on it. The only way to know if it is good or bad for you is to run the numbers and see what they say. I go through cars so quick I wish I could lease, but I drive too much. Me, I still ove the car, but I have only had it for 6 months. I am sure that I will be sick of it in another year or two.
Last edited:
oaklandopen
Member
a lease is good for ppl who can afford to throw money away, but also want to stay updated on models. my uncle is fairly wealthy (doctor) and the only thing he owns is a minivan for the family, but his to-and-from work car is always the newest model.
Boosted333
Member
- :
- '08 MS3
We sat down with our accountant friend and ended up leasing our CX-9, after doing the math we were saving about $5,000 by leasing vs buying... We aren't sure if we are going to keep it after the lease is up or not, so if we don't want it we have an option to just let it go.
Although normally I was completely against leases, until I did some research. Some cars have good deals, other leases are a complete rip off.
Although normally I was completely against leases, until I did some research. Some cars have good deals, other leases are a complete rip off.
Boosted333
Member
- :
- '08 MS3
Wow dude, strong words for someone not knowing what we put down, the fact that we got S plan pricing, and the deal we got on our trade in.
ASS....
ASS....
I bought my 08' GT just very slightly used for this reason precisely. I usually go through cars every couple of years as I get bored very easily. I saved a good bit of money under sticker by getting mine with 5400 miles on it, now if I decided to sell later down the road I'm not getting slammed.
Not having a dig at you personally, of course you can do what you want with your own finances, it is none of my business. However, any accountant that advises you to lease something with the possibility of making payments for a set time then walking away and taking the loss is a idiot. You should have been advised to pay cash or borrow at an interest rate lower than your savings or lower your price range and buy something else which you can afford.
Leasing is not good, you just piss away money, your accountant is still an idiot.
Leasing is not good, you just piss away money, your accountant is still an idiot.
Boosted333
Member
- :
- '08 MS3
Meha11 - this is from my accountant... stop ASSuming, and calling people idiots when you don't know the full story. You don't know what deal I got, what I paid, nothing.... so please stop talking trash about my friend. I also went over the numbers with another person, and they both jived. We are saving money by leasing, others may not without doing the right research.
"oh geez... another keyboard cowboy. LOL Unless he knows the full plan
of you buying the truck after the lease is over, and rate at which you are
paying, he needs to STFU. Additionally, to comment a blind statement that
leases are dumb is assanine. How does he know its not a business expense
for you? I hate people. And to buy a new car and take "drive it off the showroom floor" loss and then make payments is @&*king dumb."
"oh geez... another keyboard cowboy. LOL Unless he knows the full plan
of you buying the truck after the lease is over, and rate at which you are
paying, he needs to STFU. Additionally, to comment a blind statement that
leases are dumb is assanine. How does he know its not a business expense
for you? I hate people. And to buy a new car and take "drive it off the showroom floor" loss and then make payments is @&*king dumb."
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