Do you Buy or Lease?

[FLYLine27*]

Well?

My first 3 cars I had all bought, then i realized how much better leasing is. Brand new car every 3-4 years, and I can beat the crap out of it and not worry about paying for all the wear and tear and maintenance over the years as it gets older. Plus you can find some pretty damn good deals on leasing if you look hard enough.

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[tacogeoff]

Buy. I have not looked into it but I think I put too many kms on a year to lease. I average around 32,000 KM a year on my personal vehicle.

 

[Mrb1p]

Buy because JKUs have incredible resale value.

Plus I made put a lift on it.

 

[FLYLine27*]

Buy. I have not looked into it but I think I put too many kms on a year to lease. I average around 32,000 KM a year on my personal vehicle.

Ah, that makes sense. My commute to work is only a mile so I only put on roughly 8-9,000 miles a year (13-14,000KM).

 

[ShootIt]

Buy.

I did consider leasing a Hellcat when they were offering them at $500 a month.

 

[Jumptheshark]

buy

had a brother ****ed over via leasing

also--if you buy and take care of it--you can get most of you money back

 

[FLYLine27*]

buy

had a brother ****ed over via leasing

also--if you buy and take care of it--you can get most of you money back

How so? Unless you are selling it a year or two after you buy. If you hold onto it for 5-8 years you definitely aren't getting anywhere near most of your money back.

 

[Bjorn Le]

Buy, but lease is a good idea if you 1) drive less than 20,000 kilometers a year 2) buy a new car every 2-4 years 3) are not purchasing outright/putting down a large down payment. In fact, if at least two of those are true, I'd say you absolutely should be leasing. Payments tend to be 20% or more less.

also--if you buy and take care of it--you can get most of you money back

For what car lol? You can really only do this if you're buying used cars under-value and sell them a short time later for more, or on very rare cars. You will never make most of your money back on a new car.

 

[Bad Puck Bounce]

Buy, I road trip too frequently to lease.

It's too fun to drive across the country and see things you normally wouldn't where you live.

 

[karnige]

lease IMO only makes sense if its no down payment and good value. decent km a year and you want to trade in every 3-4 years. me I buy and will run the car into the ground. I have a car with no payments and plan on driving it another 5 years. the other I bought and making payments.

 

[Plural]

Basically it's a pretty complicated leasing deal through company but fiancee is owning partner in the company so for all intents and purposes it's our car. The deal is 2 or 3 years at a time depending on preference.

 

[Plural]

How so? Unless you are selling it a year or two after you buy. If you hold onto it for 5-8 years you definitely aren't getting anywhere near most of your money back.

For what car lol? You can really only do this if you're buying used cars under-value and sell them a short time later for more, or on very rare cars. You will never make most of your money back on a new car.

Well, obviously you won't be getting near the same back if you buy a new car and sell it after 2 years. But you can get pretty good exchange deals.

We exchanged our BMW that cost 55k€ when we bought it. It was one of those exhibition cars in a dealership and it had IIRC 7000km in it when we got it. We had it for about 1 year and 9 months and it had 115 000km in it when we gave it away (if my memory serves me, might have been just a tad more). We got 39k in exchange for it. Wouldn't have been quite as much had we outright sold it without getting a new one. I think the dealership sold it forward with 39.900€

 

[FLYLine27*]

Wow, i'm pretty shocked with these poll results.

Figured there would be at least a couple others who lease

 

[Jumptheshark]

Buy, but lease is a good idea if you 1) drive less than 20,000 kilometers a year 2) buy a new car every 2-4 years 3) are not purchasing outright/putting down a large down payment. In fact, if at least two of those are true, I'd say you absolutely should be leasing. Payments tend to be 20% or more less.



For what car lol? You can really only do this if you're buying used cars under-value and sell them a short time later for more, or on very rare cars. You will never make most of your money back on a new car.

Ding ding.

I always buy used cars and then flip then a few years later sometimes for a profit. I am not a mechanic but friends are and keep them in good shape

 

[ShootIt]

I've been lucky on two care regarding resale. Found good deals on used cars and sold when the market went higher for them

 

[Jacques The Mayor]

Buy because JKUs have incredible resale value.

Plus I made put a lift on it.

All about that Jeep life. Leasing is silly in my opinion.

 

[Gardner McKay]

Own 1 Lease 1. My wife's Infiniti was too good of a deal to pass up on a lease. Our payment on a brand new Infiniti SUV is lower than the payment for my Kia. Go figure.

 

[tmurfin]

Bought. I can see the positives in leasing, and I would consider it when my SO needs a new vehicle, but not for me. I bought my truck with the intention of using it for the next decade+, and I put it through too much, fishing/camping/quadding etc.

 

[Baby Punisher]

Both. Lease for the lady, finance mine.

 

[Lurked4Yearz]

Lease w/o any money down

 

[Fixed to Ruin]

I buy 1 yr old used cars. The car is basically still brand new and have lots a warranty but you save big time on the purchase price of the car.

I just bought a 2016 last month and saved 20,000$ off MSRP. It only had 15,000kms on it.

 

[Fixed to Ruin]

how much was the original value of the car if you don't mind me asking?

48000$

 

[Fixed to Ruin]

That's pretty good then. I've looked into that in the past but i could never find anything close to a deal like that.

With Ford its pretty easy to compare pricing because you can look up the original window sticker online. Some dealers include it in the online ad.

Here's an example. (near the bottom of the ad, there is a link for the window sticker)

https://www.kochfordlincoln.com/collections/used-cars/products/2016-ford-edge-sel-low-mileage-1

 

[Bjorn Le]

With Ford its pretty easy to compare pricing because you can look up the original window sticker online. Some dealers include it in the online ad.

Here's an example. (near the bottom of the ad, there is a link for the window sticker)

https://www.kochfordlincoln.com/collections/used-cars/products/2016-ford-edge-sel-low-mileage-1

That's Ford though. Domestics tend to have fairly massive depreciation and their sticker prices are usually far in excess of what the car actually went for. You generally won't see that type of depreciation for other brands.

In general, if you want to maximize value, a one year old lease return is probably your best bet, but you can't expect significant savings over new MSRP unless it's from a specific brand. Almost half of MSRP saved the next year, even on a domestic, is the exception, not the norm.

 

[LickTheEnvelope]

Bought outright vehicle with best resale vale in North America + Special Edition:

2017 Toyota Tacoma TRD Pro.