Anyone Leasing?
01-28-2008, 03:13 PM
#12
4th Gear Member
Join Date: Oct 2007
Location: Hawthorne, CA
Posts: 1,970
RE: Anyone Leasing?
What kinda v6 ya buying. Mine is only 450 a month! O yeah and it's mine too! Look into any financial book and you will find leasing is a car is one of the dumbest things to waste money. Go ahead, look it up, ill wait!!!
01-28-2008, 03:22 PM
#13
6th Gear Member
Join Date: Jan 2007
Location: Southeast Virginia
Posts: 6,409
RE: Anyone Leasing?
I think if you have the money to toss around and want a new car every three years, then go for it. 
I was fortunate enough to save my$ and bought my Mustang out right.
Just my 2¢
I was fortunate enough to save my$ and bought my Mustang out right.
Just my 2¢
01-28-2008, 03:43 PM
#14
2nd Gear Member
Join Date: Dec 2007
Location: Discovery Bay, CA
Posts: 322
RE: Anyone Leasing?
I got my vert for $26,549 ($28,720 sticker / $26,849 invoice)
I received $2800 in rebates so net cost was $23,749
Lease:
Total price: $23,749 (tax & license included in lease payments)
$3000 drive off included cap reduction, security, tax, license and first months payment leaving 35 monthly payments of $298.99
3 year total: $13,464
Equity: $0
Total cost: $13,464
Buy:
Total price: $25,926 (includes tax & license)
$3000 down payment leaving 60 monthly payments of $442.14 (5.9% special rate from Ford)
3 year total: $18,917
Equity: $15325 (NADA trade-in w/30,000 miles) - $9991 (principal owed) = $5334
Total cost: $13,583
I'll take the $142 in my pocket each month, thank-you.
Martin
I received $2800 in rebates so net cost was $23,749
Lease:
Total price: $23,749 (tax & license included in lease payments)
$3000 drive off included cap reduction, security, tax, license and first months payment leaving 35 monthly payments of $298.99
3 year total: $13,464
Equity: $0
Total cost: $13,464
Buy:
Total price: $25,926 (includes tax & license)
$3000 down payment leaving 60 monthly payments of $442.14 (5.9% special rate from Ford)
3 year total: $18,917
Equity: $15325 (NADA trade-in w/30,000 miles) - $9991 (principal owed) = $5334
Total cost: $13,583
I'll take the $142 in my pocket each month, thank-you.
Martin
But seriously look up anything on leasing a car, it will pretty much explain it.
01-28-2008, 05:27 PM
#18
6th Gear Member
Join Date: Jan 2007
Location: Southeast Virginia
Posts: 6,409
RE: Anyone Leasing?
ORIGINAL: mhconley
I got my vert for $26,549 ($28,720 sticker / $26,849 invoice)
I received $2800 in rebates so net cost was $23,749
Lease:
Total price: $23,749 (tax & license included in lease payments)
$3000 drive off included cap reduction, security, tax, license and first months payment leaving 35 monthly payments of $298.99
3 year total: $13,464
Equity: $0
Total cost: $13,464
Buy:
Total price: $25,926 (includes tax & license)
$3000 down payment leaving 60 monthly payments of $442.14 (5.9% special rate from Ford)
3 year total: $18,917
Equity: $15325 (NADA trade-in w/30,000 miles) - $9991 (principal owed) = $5334
Total cost: $13,583
I'll take the $142 in my pocket each month, thank-you.
Martin
I got my vert for $26,549 ($28,720 sticker / $26,849 invoice)
I received $2800 in rebates so net cost was $23,749
Lease:
Total price: $23,749 (tax & license included in lease payments)
$3000 drive off included cap reduction, security, tax, license and first months payment leaving 35 monthly payments of $298.99
3 year total: $13,464
Equity: $0
Total cost: $13,464
Buy:
Total price: $25,926 (includes tax & license)
$3000 down payment leaving 60 monthly payments of $442.14 (5.9% special rate from Ford)
3 year total: $18,917
Equity: $15325 (NADA trade-in w/30,000 miles) - $9991 (principal owed) = $5334
Total cost: $13,583
I'll take the $142 in my pocket each month, thank-you.
Martin
01-28-2008, 05:40 PM
#19
2nd Gear Member
Join Date: Dec 2007
Location: Discovery Bay, CA
Posts: 322
RE: Anyone Leasing?
ORIGINAL: 07 Stang
The point you miss Martinis when all said and done it's not yours. You will spend $13,464 and gain nothing. As long as you are happy with that, then that's all that matters.
The point you miss Martinis when all said and done it's not yours. You will spend $13,464 and gain nothing. As long as you are happy with that, then that's all that matters.
It's really very simple - if you want to keep a car for longer than the lease term then buy it! If you want a new car everythree years or so then a lease is for you.
Martin
01-28-2008, 05:49 PM
#20
6th Gear Member
Join Date: Jan 2007
Location: Southeast Virginia
Posts: 6,409
RE: Anyone Leasing?
ORIGINAL: mhconley
No - I get the point - that is the exact point I made in my first post! I don't want the car at the end of the lease - I want another new car.
It's really very simple - if you want to keep a car for longer than the lease term then buy it! If you want a new car everythree years or so then a lease is for you.
Martin
ORIGINAL: 07 Stang
The point you miss Martinis when all said and done it's not yours. You will spend $13,464 and gain nothing. As long as you are happy with that, then that's all that matters.
The point you miss Martinis when all said and done it's not yours. You will spend $13,464 and gain nothing. As long as you are happy with that, then that's all that matters.
It's really very simple - if you want to keep a car for longer than the lease term then buy it! If you want a new car everythree years or so then a lease is for you.
Martin
My oldest brother used to lease cars for years until I got him to understand that he was just throwing $$ away.
He just bought a new Acura.