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Lease a used car?

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sccredit
Valued Contributor

Re: Lease a used car?


@Brian_Earl_Spilner wrote:

Y u no like Miata?

 

https://www.mazdaofescondido.com/can-you-lease-a-used-car/

 


A Miata would be a great weekend cheap fun car.

Message 11 of 14
Brian_Earl_Spilner
Credit Mentor

Re: Lease a used car?


@sccredit wrote:

@Brian_Earl_Spilner wrote:

Y u no like Miata?

 

https://www.mazdaofescondido.com/can-you-lease-a-used-car/

 


A Miata would be a great weekend cheap fun car.


Yup. I think new leases run between $225 -350 a month depending on model. At least, they used to.

    
Message 12 of 14
Anonymous
Not applicable

Re: Lease a used car?


@Anonymous wrote:

@Anonymous wrote:

Would it be possible to just rent the car you want for the weekends that you want to?

 

Otherwise can you find a used one to buy in your budget?

 

Why used?  If due to being a specific car,

but out of budget when new, then again renting one here and there may be cheaper.


Renting might work. We're looking for a rear drive stick shift, so that might be tough. It would certainly be worth looking around though.

 

We were considering leasing a CPO for an easy process and low cost. (I believe NJ only taxes the actual lease cost.) I've sold a few cars privately and I've never really enjoyed doing it. (The pandemic doesn't make it any more appealing.)

 

Toyota FRS/Subaru BRZ or similar; nothing crazy

 

We were thinking a low mileage lease (5k/year would be plenty) would keep the depreciation low. Given the low mileage our thought was leasing new would be silly (too much depreciation/mile).

 

We don't have to do this at all. We figured it might be cheap amusement.


Sweet!!!!

 

I do not think I would would buy one anytime soon, but I have my eyes on them for years hehe

 

What you could do is see if you have any local dealerships that do this

https://www.toyota.com/rental/index.html

Not sure if all do, I never checked into it. 

 

Also, can do the math to see if used still works out aka 2017 for $15k-17k with 10-20% down (10% plus taxes etc)

$14k loan for 3 years should be around $400/mo 

Message 13 of 14
Anonymous
Not applicable

Re: Lease a used car?

Wow. I did not know Toyota dealers rented cars. Supposedly, you can rent the 86, though I'm guessing the rate would be astronomical.


I also found one CPO lease offer on my local Lexus dealer's site. It was way too expensive but it exists.

 

I'll update this thread if I end up doing anything interesting. Thank you all for the ideas. I would not have thought of these.

Message 14 of 14
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