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Leasing seems somewhat complicated but the payments can be much lower on a lease. I get that you don't own the car at the end of the lease but how should one decide whether to buy vs. lease?
I lease my cars because I get bored quickly and want a new car every 3 years.
Also leasing can be good if you can't afford to buy the car you need.
My Wife needed a Minivan, and the car payment on a 40k Minivan wasn't in the budget. So we leased it to get the payments in our budget.
@tooleman694 wrote:I lease my cars because I get bored quickly and want a new car every 3 years.
Also leasing can be good if you can't afford to buy the car you need.
My Wife needed a Minivan, and the car payment on a 40k Minivan wasn't in the budget. So we leased it to get the payments in our budget.
::Cringe::
I plan on being delusional about my youth forever.
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Not being delusional, our income is well over 100k a year. The lease fits in fine with our budget.
Most likely when the lease is up we will probably just pay off in cash whats owed.
@tooleman694 wrote:Not being delusional, our income is well over 100k a year. The lease fits in fine with our budget.
Most likely when the lease is up we will probably just pay off in cash whats owed.
I think what he was referring to is that he wants to delude himself into thinking he will never need a minivan... that he will always drive a 2 door sports coupe!
My next lease will be a 2 door sports car hehe.
Thanks Tooleman.
LOL, Jutz. I SWORE I'd never drive a minivan but when my son was a baby my ex got a really great deal on a minivan that I'm STILL driving almost 10 years later....ugh!! Have to admit that it was VERY practical for olympic baby wrestling/diaper changes and changing him in and out of clothes, carrying little friends around, etc.
Now tho, I am SO ready to have something NOT a minivan!
So, is it harder to qualify for a lease? My FICO isn't great right now but hoping a few more baddies should delete before Feb when I plan to buy or lease and that it will come up a bit. I assume a lease is something you'd only get through a dealer? I'm looking at an Audi Q5 or Volvo XC90. I have a fairly high income (>144k). Any ideas whether I'd be better off with buy vs. lease based on that?
Thanks!
Leasing typically requires scores in the upper 600s.
@webhopper wrote:
@tooleman694 wrote:Not being delusional, our income is well over 100k a year. The lease fits in fine with our budget.
Most likely when the lease is up we will probably just pay off in cash whats owed.
I think what he was referring to is that he wants to delude himself into thinking he will never need a minivan... that he will always drive a 2 door sports coupe!
Yup, spot on, lol.
For the record I'm currently shopping for a BMW 135i. A compact sports coupe, haha.
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