About auto leasing..

Old 04-29-2019, 06:59 AM
  #1  
Super Member
Thread Starter
 
ljptexas's Avatar
 
Join Date: Feb 2010
Location: NE of Fort Worth
Posts: 2,428
Post About auto leasing..

I'm looking for a little larger SUV than have now (cute Kia Soul-- I don't think it quite fits a short, grey haired, plump Nanna image?). I'll sell it to 1 of my DGDs.
I'm thinking about leasing a new car (there'd be no worry about maintiance, etc)....Could you share experiences?

Last edited by ljptexas; 04-29-2019 at 07:02 AM.
ljptexas is offline  
Old 04-29-2019, 07:17 AM
  #2  
Super Member
 
leonf's Avatar
 
Join Date: May 2016
Location: near Topeka kansas
Posts: 3,639
Default

How long are you planning on keeping the vehicle? How many miles will you drive it per year? Do you keep a car spotless?

I've never tired it. I keep my cars way too long for it to make any sesne for me. But I' have heard lots of horror stories about unexpected costs when one tries to turn it back in. Horrendous charges for over mileage, disagreement and chages about overall condition. and the deck is stacked in the dealer's favor. I will be watching this thread for more opinions.
leonf is offline  
Old 04-29-2019, 08:16 AM
  #3  
Super Member
 
Watson's Avatar
 
Join Date: Dec 2015
Location: Ontario, Canada
Posts: 3,491
Default

My friend leased for all the reasons you mentioned and had a very bad experience and said she would never do it again.

I'm not sure why you wouldn't be better off with a newer car off of a dealer's lot that still had some warrantee. That way you'd own the car at the end but still have support from the dealer throughout the time you owned it.

I bought a 2018 Ford Escape directly from a Ford dealer, used and it still has almost full warrantee. It will be paid off before the warrantee expires and I will own the car to do whatever I want with. I will keep it until it starts to cost me money in repairs and then I'll sell it and have a good down payment on another used car.

Maybe I'm missing something about the leasing thing?

Watson
Watson is offline  
Old 04-29-2019, 08:54 AM
  #4  
Super Member
 
Join Date: Jul 2010
Location: Flagstaff, Arizona
Posts: 8,199
Default

I know my SIL leases her vehicles because she can write it off on her taxes but I like owning my own vehicles. In the end of a lease you still have a bundle of money to pay (if I understand a lease right). Hope you get some good advice on this issue.
Jordan is offline  
Old 04-29-2019, 09:18 AM
  #5  
Power Poster
 
Join Date: Nov 2009
Location: Mableton, GA
Posts: 10,147
Default

We have never leased because we drive our cars a long time. My son used to lease because he liked a new car every few years. But now he buys too. I think it can work out if the person leasing does a lot of research and reads the contract very carefully.
Stitchnripper is offline  
Old 04-29-2019, 11:17 AM
  #6  
Super Member
 
Join Date: Aug 2010
Location: Roswell, NM
Posts: 1,681
Default

I leased once, never again for all the unpleasant reasons already listed. Read carefully, ask questions and hope you get honest answers if you decide to go that direction.
greensleeves is offline  
Old 04-29-2019, 12:14 PM
  #7  
Super Member
 
Join Date: Aug 2013
Location: Florida
Posts: 4,779
Default

I would be sure to add up the total costs over the time frame of the lease with any additional charges at turn in. My brother leased when he traveled in sales. It made sense for him because he could deduct almost the entire thing. I think you are much better paying for a car with the low interest rates than leasing.
toverly is offline  
Old 04-29-2019, 02:59 PM
  #8  
Senior Member
 
Join Date: Oct 2009
Location: Richmond, KY
Posts: 737
Default

We leased once, but we were still responsible for repairs and insurance. Never again!
Ginaky is offline  
Old 04-29-2019, 03:12 PM
  #9  
Super Member
 
leonf's Avatar
 
Join Date: May 2016
Location: near Topeka kansas
Posts: 3,639
Default

Regina, have you ever seen a Regina pre record player music box?
leonf is offline  
Old 04-29-2019, 04:31 PM
  #10  
Power Poster
 
Jingle's Avatar
 
Join Date: Dec 2009
Location: Outside St. Louis
Posts: 36,009
Default

I could never see an advantage in leasing versus buying. We would never lease. We keep trucks a long time, don't buy cars anymore.
Jingle is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
jljack
General Chit-Chat (non-quilting talk)
18
03-16-2011 12:49 PM
miholmes
Main
2
12-23-2010 09:56 AM
RedGarnet222
Offline Events, Announcements, Discussions
9
07-20-2010 05:21 PM
Minda
Main
7
04-09-2010 11:36 AM
BellaBoo
Main
15
02-23-2010 01:24 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


FREE Quilting Newsletter


SEO by vBSEO ©2011, Crawlability, Inc.