So I'm graduating in June, and moving to New Jersey for my new job starting in September. Seeing as the job site is located in the middle of nowhere, and I slowly wilt away into nothingness when I'm not living in a big city or within the very near proximity of one, I plan on living either in New York City or right next to it in Hoboken, on the other side of the Hudson river...which means I'll need to drive about 2 hours a day (1 hour back and forth) between home and work.

Since I don't have a licence, have never driven, know absolutely zilch about cars, and clearly, need to get one before I begin my job, I need some help to get started. Should I buy, lease, or lease with possibility of buying? New or used? American, German, Japanese? What brand? I'm lost. And yes, I'm 27. Laugh away

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Originally posted by Epicurus So I'm graduating in June, and moving to New Jersey for my new job starting in September. Seeing as the job site is located in the middle of nowhere, and I slowly wilt away into nothingness when I'm not living in a big city or within the very near proximity of one, I plan on living either in New York City or right next to it in Hoboken, on the other side of the Hudson river...which means I'll need to drive about 2 hours a day (1 hour back and forth) between home and work. Since I don't have a licence, have never driven, know absolutely zilch about cars, and clearly, need to get one before I begin my job, I need some help to get started. Should I buy, lease, or lease with possibility of buying? New or used? American, German, Japanese? What brand? I'm lost. And yes, I'm 27. Laugh away

First question: do you plan on returning to Canada? There are import/export restrictions on automobiles.

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Disco and classical had sex while watching a sci-fi movie. Their child: trance.

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Originally posted by ShadoWolf First question: do you plan on returning to Canada? There are import/export restrictions on automobiles.

If you mean in the near future, no. I plan on staying in the States for at least the next 15 to 20 years, so I don't think I need to worry about import/export restrictions.

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Originally posted by Epicurus If you mean in the near future, no. I plan on staying in the States for at least the next 15 to 20 years, so I don't think I need to worry about import/export restrictions.

Next you need to consider whether you can write off the car for business purposes. Would you be buying it or is your business buying it?

If it's for business, there are certain tax advantages to leasing.

If it's for you as an individual, buying straight cash money is cheapest and the recommended option (if you can afford it right at this moment).

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Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

Last edited by ShadoWolf on Mar-20-2006 at 20:25

Stick to Euro/Asian cars, they have better resale...

i <3 you nick

If you're driving alot, leasing may not be for you, my gf pays extra if she goes over 20000 km a year, and you would almost certainly do this every year.

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Originally posted by DJMD123 Great googliemoogly!

You might wanna consider one of these bitches

Gas prices ain't goin down, and if you drive a lot and don't really care about 0-60 or looks too much then a hybrid is a good car. It'll save you big in the long run

___________________

Max Walkers official TA fan club chapter president

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Originally posted by DJMD123 Great googliemoogly!

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Originally posted by ShadoWolf Next you need to consider whether you can write off the car for business purposes. Would you be buying it or is your business buying it? If it's for business, there are certain tax advantages to leasing. If it's for you as an individual, buying straight cash money is cheapest and the recommended option (if you can afford it).

I don't think I can write it off for business purposes, although I'll have to ask. I'll assume for now that I'm buying / leasing it as an individual, as that seems to be most likely. So if I understand you correctly, you're saying that in that case, buying is the better option than leasing, even if I decided to lease with intentions of buying?

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Originally posted by Epicurus American, German, Japanese?

No. Nein. Lie.




























Go Pakistani.

___________________
Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

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Originally posted by Epicurus So if I understand you correctly, you're saying that in that case, buying is the better option than leasing, even if I decided to lease with intentions of buying?

Yes, because you have to pay interest when you lease, which makes it more expensive.

___________________
Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

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Originally posted by Marcus007 Stick to Euro/Asian cars, they have better resale... i <3 you nick

I <3 you too But I've heard that American cars are making a comeback. I don't know how true that is though.

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Originally posted by alec If you're driving alot, leasing may not be for you, my gf pays extra if she goes over 20000 km a year, and you would almost certainly do this every year.

Hmmm...good point. I'll have to check into that.

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Gas prices ain't goin down, and if you drive a lot and don't really care about 0-60 or looks too much then a hybrid is a good car. It'll save you big in the long run

I've thought about hybrids, but they're really ugly. I haven't seen one that I'd consider buying, based on looks. They are good for the environment though, so I assume I'll have to look into them a little more closely...although I would be working for the least environmentally conscious corporation in the world. Cognitive dissonance

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Originally posted by ShadoWolf Yes, because you have to pay interest when you lease, which makes it more expensive.

Fair enough. What then are the advantages of leasing vs. buying? And if I buy, new or used?