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Lease or Own
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| ChemEnhanced |
I have always owned my vehicles....I've never even considered leasing as its not reasonable for me as I travel too much.
Just wondering who leases and who owns. |
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| dEsidEL |
im sure both have its pros and cons, but i believe if you run your own business leasing isn't a bad option when you're able to expense the costs while still using it as a personal vehicle.
Other than that I would probably own since at least you're getting some equity.
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| zoogla |
| Always owned...love to drive and I don't like restrictions. Maybe if I work/live downtown I might change. |
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| Jem_hadar |
Leasing my current Yaris.
In the end, if I buy out my lease outright when its all over, the premium I paid to lease over financing it was like around $1,000 give or take, if I recall correectly.
To me, that premium was worth the value to me of the reduced monthly payments each month I have make over the next five years.
I spent a GREAT deal of time considering which option I wanted to go, and how much each option was going to cost me in the end, everything in and considered.
:)
edit: i have a 24,000 km allowance.... which was great. before i bought, even factoring 3 trips to toronto a month for an entire year, i still wouldnt go over the alloted 24,000 a year i was allowed. that was key. i couldnt have myself going over my clicks w/ all my driving to TO... its not worth it, if u decide not to buy out ur vehicle at the end (hefty price for km's over ur limit if u turn it in)... but if u plan to buy it afterwards, it really doesnt matter at all. |
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| exstasie |
| quote: | Originally posted by Jem_hadar
Leasing my current Yaris.
In the end, if I buy out my lease outright when its all over, the premium I paid to lease over financing it was like around $1,000 give or take, if I recall correectly.
To me, that premium was worth the value to me of the reduced monthly payments each month I have make over the next five years.
I spent a GREAT deal of time considering which option I wanted to go, and how much each option was going to cost me in the end, everything in and considered.
:) |
+1
Leasing an Acura CSX. My payments are less than $300 a month w/ taxes and everything all in. Definitely wouldn't be able to afford to of owned it. |
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| Sasha |
| I lease and i dont have any limits on kms :) |
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| loca |
| I own, but when i get a new car (probably next yr) i'm seriously thinking about leasing instead of owning. |
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| Zentac_75 |
| I own...but have full intentions on leasing and expensing it to the company in the near future. |
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| Cosmic Fur |
own, but that's because I bought it used. :p
Although I'd still go with owning in the future - I like owning things rather than renting them. Plus, then you can mod your car. |
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| zokissima |
| quote: | Originally posted by Cosmic Fur
own, but that's because I bought it used. :p
Although I'd still go with owning in the future - I like owning things rather than renting them. Plus, then you can mod your car. |
+1 on both points. |
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| Abercrombie |
I own both of mine. It's cheaper to own if one plans to have them for more than 3 years, otherwise leasing is better.
As far as affordableness.... purchase financing is available at the dealers, but NEVER accept this option. It's fixed interest over the whole term and a ripoff. Get financing from a bank, it so much more flexible, and the dealer prefers you not go through there (they don't get a big kick-back from your loan application).
I bought my current winter car brand new and payed 384 per month all included, and I actually owned the whole car after 4 years. I've been riding it payment-free for the last 7 years. |
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| exstasie |
| quote: | Originally posted by Abercrombie
I own both of mine. It's cheaper to own if one plans to have them for more than 3 years, otherwise leasing is better.
As far as affordableness.... purchase financing is available at the dealers, but NEVER accept this option. It's fixed interest over the whole term and a ripoff. Get financing from a bank, it so much more flexible, and the dealer prefers you not go through there (they don't get a big kick-back from your loan application).
I bought my current winter car brand new and payed 384 per month all included, and I actually owned the whole car after 4 years. I've been riding it payment-free for the last 7 years. |
Thats one of my reasons for Leasing. I don't want to keep a car for more than 3 years.
After 3 years I've had enough and just want a new car haha.
Leasing vs. buying completely depends on the individual and what their intentions are w/ the car. There are so many Pros and Cons to both!
Personally, I like the mileage restrictions haha. Stops me from driving too much and spending so much on gas. |
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