Why I love leasing a car

"BugEyedBimmer - back in the Saddle Dakota Leather" (bugeyedacura) 08/26/2014 at 22:01 • Filed to: None

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Because if I don't like it anymore or something happens to it, I give it back (VW puts GAP in all of its leases).

And if I want to buy it, then It's like buying a 3 year old used car that I know the history on and how it's been taken care of.

mcseanerson > BugEyedBimmer - back in the Saddle Dakota Leather 08/26/2014 at 22:03

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I think leasing is a great idea for new cars. If you're going to pay for depreciation at least leave yourself the opportunity to not have to pay for all of it.

mazda616 > BugEyedBimmer - back in the Saddle Dakota Leather 08/26/2014 at 22:04

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When we bought my wife's CX-5, the dealer practically begged us to lease rather than buy, which I found odd.

BugEyedBimmer - back in the Saddle Dakota Leather > mcseanerson 08/26/2014 at 22:06

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Well that's all you're paying for with a lease. The fundamental amount of a lease is the depreciation over the time and miles you've allotted. Plus the interest on the money. The easiest way to think about the last part is as a "user's fee".

BugEyedBimmer - back in the Saddle Dakota Leather > mazda616 08/26/2014 at 22:08

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Yes and no. Leasing is a win-win for customers and salespeople. You pay a lower monthly price, and they're pretty much guaranteed at least a shot of selling you a new car in 3-4 years.

mcseanerson > BugEyedBimmer - back in the Saddle Dakota Leather 08/26/2014 at 22:09

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Yeah, I think it's a great way to approach new cars because in my opinion you should only buy a car if you want to own it forever and you'll be more sure of it after a lease.

mazda616 > BugEyedBimmer - back in the Saddle Dakota Leather 08/26/2014 at 22:09

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That's why they wanted us to lease, I bet. So we would be back. We keep cars forever, though. So we just bought it and now it's paid off and will be here until it starts falling apart.

PetarVN, GLI Guy, now with stupid power > BugEyedBimmer - back in the Saddle Dakota Leather 08/26/2014 at 22:49

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I bought the GLI with money on the spot. I like that way better, but since I know 99.99% of people can't do that, leasing is a good alternative

Curt Styler > mcseanerson 08/26/2014 at 23:25

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Or if you intend to drive more miles than a lease would allow.

ALL OF THE ROAD TRIPS!

BugEyedBimmer - back in the Saddle Dakota Leather > Curt Styler 08/26/2014 at 23:36

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You can do a 20k/year lease.

DancesWithRotors - Driving Insightfully > BugEyedBimmer - back in the Saddle Dakota Leather 08/27/2014 at 00:25

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That wouldn't help me any... I'm celebrating my one-year anniversary with my Mazda tomorrow, and I've put 45,000 on her, in that time.

carsandmusic > mazda616 08/28/2014 at 09:25

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This, plus they usually receive a bonus from the bank for closing a leasing contract.