Auto Leasing

1,658 Views | 9 Replies | Last: 4 mo ago by WorthAg95
AGPop
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Any recommendations for/against leasing
Sweet Kitten Feet
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Depends. You've given no information.
Picard
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AG
Never buy a BMW or an Audi. Lease those if you insist on experiencing that life lesson.

Buy the Toyota.

aggiedata
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Did you know you still pay sales tax when you lease a car? Oh they will roll it into the monthly payment but it's just another reason it generally makes it a bad deal.

coolerguy12
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AG
I don't like wasting money so I'm against.
CanyonAg77
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Dealers make good money off of leases, so there is a down vote

Some businesses think it makes sense from an income tax standpoint, i am sceptical

Some have suggested a lease as a good option for an elderly parent who drives very little, and wants the dealer to take care of maintianence
Yesterday
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Pros- smaller down payment, smaller monthly payments, free maintenance, get to dump the car at the end of three years and you usually get to pocket a little equity depending on the residual value.

Cons- getting a new car every three years is expensive and you pay a ton of depreciation, you have to watch your mileage.

Bottom line is that it's a bad financial bet most of the time. Buying and holding for as long as you can is usually the better play. But it's a car and you only give to live once. If this makes you happy then who cares.
WorthAg95
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Any opinions on D&M Leasing and their lease-to-own option?
ChoppinDs40
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WorthAg95 said:

Any opinions on D&M Leasing and their lease-to-own option?


I hear they make leasing easy… at D&M.
WorthAg95
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