Do you buy or lease your vehicle?

[scarlet knight]

I always bought my cars. But I did a lot of driving for work and I would’ve blown through any mileage limits. No longer the case.

My last two cars were Honda Accords. I paid cash, $20Kish, then kept them for ten years each.

But the tech in my ‘08 Accord is from the stone ages. I don’t think that I want to keep a car too long again.

What does this group do? Buy or lease?

[Laszlo]

Both, it just depends. If I pick up a model year that's is a mid-life-refresh, then I usually lease. Because not more than a few years later, an iterative, and much improved version is released. If it's first, or second year, of a new model, I usually finance. There's nothing worse than getting a new car and a year later (or even much less, like months) the new model comes out. Deprecation is extreme. Just my 3 cents.

[Danny83]

I own most and lease 3

[Marcus09]

I always buy new cars every 5 years or so. Usually small cars. I now have a 2017 Mazda 2.
Cheers.


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[Laszlo]

Originally Posted by Danny83

I own most and lease 3

Danny, how many cars do you have?

[c41006]

Originally Posted by Laszlo

Danny, how many cars do you have?

At least 7

[Laszlo]

Originally Posted by c41006

At least 7

My neighbors would hate me!

[GB-man]

Originally Posted by Danny83

I own most and lease 3

[Laszlo]

Originally Posted by GB-man

[Wesley Crusher]

I like to buy used (let some other sucker take the initial hit) and I like to keep cars for a long time.

If you want a new luxury car and only plan on keeping it for a couple of years, leasing is usually the way to go.

[Pw92676]

We buy. Last two vehicles were brand new for wife and preowned for me. She doesn’t drive much (5-6k miles per year but we use hers for road trips) and wanted new for reliability’s sake. We don’t usually finance anything but we got a great deal at 0.9 apr for hers so took it. I go preowned 2-3 year models to save some and avoid depreciation, paid cash. I’m more of a ‘road warrior’ of about 15k miles per year, mainly highway. We have considered leasing at various points but always end up buying instead.

[brandrea]

Originally Posted by Wesley Crusher

I like to buy used (let some other sucker take the initial hit) and I like to keep cars for a long time.

If you want a new luxury car and only plan on keeping it for a couple of years, leasing is usually the way to go.

Same here

I leased my last one as I don’t put many miles on it and I don’t want the hassle or headaches of expensive repairs

[codecow]

I buy mine. I'm about to sell one and buy a truck; possibly this weekend :D

[HL65]

Usually do a 2 year lease for myself and buy for my wife who keeps them longer.

[TheRacer]

LeaSe... in the mid term is the cheapest option


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[swils8610]

I lease mine and my wife’s daily drivers. I do have a summer car that I own. Just an FYI...you can be a high mileage driver and lease. Most leasing companies allow a lease to be customized with up to 25k per year in miles.


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[GB-man]

Originally Posted by codecow

I buy mine. I'm about to sell one and buy a truck; possibly this weekend :D

ZR2? My land cruiser has finally completed its 3 month journey from Japan. Now it just needs to clear port and come home!

[Rockrolex]

I lease. We have a 2014 Lexus IS250C for me; my wife downsized from a 2014 LS460 to a 2018 ES350. We are Lexus addicts and don't plan on changing brands anytime soon. We've had Lexi since 1990; until now they have always been the LS series, but my wife decided she no longer needs a big car. Both kids are in their 40's and the grandchildren fit nicely in the back seat of the 350.

[superdog]

I typically buy.

But I leased my RRS for tax purposes because I use it almost 100% for business.

The AMG GTS I purcashed outright. I did the same for my wife’s C43 AMG. Something about having the title that gives me the warm and fuzzy.

[mjclark32]

Until this year I was doing early leases. Now, with a baby we figured we should buy two SUV’s. I hunted for a while for a deal on a Tahoe, bought a 17’ at a good price. Then about a month later a 13’ q5 with 20k popped up at the local Audi dealer. Bought it quickly. Both paid for cash. I kept thinking about all the nice watches I could have gotten instead

[superdog]

Originally Posted by mjclark32

Until this year I was doing early leases. Now, with a baby we figured we should buy two SUV’s. I hunted for a while for a deal on a Tahoe, bought a 17’ at a good price. Then about a month later a 13’ q5 with 20k popped up at the local Audi dealer. Bought it quickly. Both paid for cash. I kept thinking about all the nice watches I could have gotten instead

Who are you kidding?

You are living the dream with that sub of yours. You are one of my idols seeing how happy you are with that daily.

[codecow]

Originally Posted by GB-man

ZR2? My land cruiser has finally completed its 3 month journey from Japan. Now it just needs to clear port and come home!

Yeah been considering ZR2 in white with the "dusk" edition (chase rack, lights, blacked out parts).

I'd get a Ford Raptor, maybe a 2019 except realistically the truck is too big (wide) to park in a lot of garages in San Francisco and it would be a source of annoyance and frustration due to that.

If I end up getting it, it's going right to the shop to get rock sliders with removable steps installed. My wife is short

[mjclark32]

Originally Posted by superdog

Who are you kidding?



You are living the dream with that sub of yours. You are one of my idols seeing how happy you are with that daily.

But imagine if it was a 16618 and likewise buddy! About to go make some more memories at Madi’s first horse show
Nice day for a drive, happy MDW!

[DJ TT 2002]

Lease daily driver( mostly)
Buy the weekend/summer wheels( mostly)

[AzPaul]

Let's just say I've had my truck for awhile.

[Brew]

My TT is almost as old as some of the kids graduating nearby today.

[superdog]

Originally Posted by mjclark32

But imagine if it was a 16618 and likewise buddy! About to go make some more memories at Madi’s first horse show
Nice day for a drive, happy MDW!

Nice!!

Have fun my friend. Great picture.

[fiddyg]

We financed our daily cars and paid it off quick. But we are leasing the Lexus GX 460 since we aren’t sure if we want it long term. Gives us the option to get a new one. We got it 2 years ago before our 2nd child was born. Thinking of buying the next car next year.

[Spartacus]

I usually buy or finance, and have yet to lease. From a very young age my mom brainwashed me to think leasing is bad unless your company is leasing it for you. So personal lease has always been off the table for me.

We'll see with the next round.

[pallindrome]

Currently on a lease for an EV.

Will probably lease again only if the monthly rates are attractive.