Can someone explain why the hell you'd ever lease a car to me? I get it fundamentally.

Can someone explain why the hell you'd ever lease a car to me?
I get it fundamentally. You do not want to invest in a depreciating asset, and a new car instantly depreciates by about half.
But most leases are so insanely expensive that it's barely financially sensible to take a three year lease over buying the car outright and selling it for cash three years later.
Are there other advantages to leases I'm not understanding? As far as I know you still need to buy insurance and pay for repairs and all that crap too.

Schizophrenic Conspiracy Theorist Shirt $21.68

Homeless People Are Sexy Shirt $21.68

Schizophrenic Conspiracy Theorist Shirt $21.68

  1. 1 year ago
    Anonymous

    Imagine a phone plan but you can drive the phone until the contract expires.

  2. 1 year ago
    Anonymous

    You don't ever need to go DMV
    You don't spend time creating a post on Cars.com
    You don't get low-balled by dealerships
    Rich people's problems. I know.

  3. 1 year ago
    Anonymous

    you save on sales tax, only paying tax on the monthly. other than that i think you're thinking too deep into it, for most people it's it's not that deep. They get a high trim car at a price they can stomach and don't have to worry about maintenance

  4. 1 year ago
    Anonymous

    > most leases are so insanely expensive
    A lease payment is half of what a finance payment is. Also why does everybody not know you can buy the car out after the lease is up?

    • 1 year ago
      Anonymous

      >A lease payment is half of what a finance payment is.
      Is it? Maybe for a really short term? I ran a calculator out of curiosity against the finance option on a car I want, and the 5 year lease was only around 20% less per payment. that makes zero sense to me

  5. 1 year ago
    Anonymous

    realistically it's a comically bad option for anyone who still cares about money

    • 1 year ago
      Anonymous

      So why do all the financial advisors and multi millionaires I know all lease their vehicles? Ironically all you anti leasers probably rent your houses.

      • 1 year ago
        Anonymous

        >I know
        You don't. That is the point.

        • 1 year ago
          Anonymous

          I doesn't matter what I know. The fact that smart and wealthy people are leasing their cars says a lot.

          >A lease payment is half of what a finance payment is.
          Is it? Maybe for a really short term? I ran a calculator out of curiosity against the finance option on a car I want, and the 5 year lease was only around 20% less per payment. that makes zero sense to me

          How long was the finance term? 8 years?

      • 1 year ago
        Anonymous

        >why do all the financial advisors and multi millionaires I know all lease their vehicles?
        is it not obvious that they are past caring about money at that point

        • 1 year ago
          Anonymous

          You would be surprised how fricking cheap those frickers can be. Some make 4 figures an hour but will still stop to pick up cans and bottles. They will get multiple dealerships battling against each other to save a couple bucks a month on the lease payments.

  6. 1 year ago
    Anonymous

    The lease rate is fully deductable from your business income.
    >if It is your company car
    >you also pay less taxes

    You also dont have to pay the money from the business to you as a person and pay taxes.
    Your company pays the rate directly.

    >not for wageslaves

    • 1 year ago
      Anonymous

      This makes sense to me, so a lease is fully deductible but buying is only partially deductible?

  7. 1 year ago
    Anonymous

    You don't need to look after it. Not your car not your problem. These are the people that start their car in the morning and immediately red line it to the next red. This is also why you don't ever buy a used lease vehicle.

    • 1 year ago
      Anonymous

      You're moronic, if you don't take care of a lease and beat it to shit then you'll get charged with fees and repair costs.

      • 1 year ago
        Anonymous

        Yeah no that's not a thing, especially if you're a good repeat customer. Especially in this market. They don't give a shit because they're going to take that beat up off-lease, detail it and finance it out to some moron at pretty much the new MSRP @ 30% interest.

        • 1 year ago
          Anonymous

          Wrong.

          • 1 year ago
            Anonymous

            Yeah nah. I've seen plenty of people return beat to frick vehicles and the dealer didn't say a word. If you were late on every one of your payments they're going to treat you differently.

      • 1 year ago
        Anonymous

        Wrong.

        Nah mate they don't give a shit

  8. 1 year ago
    Anonymous

    It's cheaper to lease a luxury car every 3 years than it is to buy and sell one every 3 years.

  9. 1 year ago
    Anonymous

    Fundametally, you pay the same. But at the end of the contract, will the used car market give the car owner a good premium?

    So you are basically betting that there will be residual value in the vehicle. That's why commercial vehicles are usually leases, the bet is that they won't be worth anything but scrap in the end.

  10. 1 year ago
    Anonymous

    It's probably a german car, or possibly a korean one.

  11. 1 year ago
    Anonymous

    You only pay whatever the monthly thing is, and get to drive a new car. Three years later you set up the same deal and get to drive a new car.
    As far as I know all services and such are included.

    • 1 year ago
      Anonymous

      no anon you have to but several thousands down + the monthly payment
      you never get the money back, if you want another lease after it ends you pay thousands again

      • 1 year ago
        Anonymous

        >several thousands down + the monthly payment
        Depends on where you live I guess. It didn't use to be common here in Sweden, but now that I looked it up it seems to be the case at times.

  12. 1 year ago
    Anonymous

    The only argument I've seen ITT that makes sense is if you're a business and it's a tax deduction. Then you get a new car for "free." I understand that. It doesn't make sense for normal people

  13. 1 year ago
    Anonymous

    I refuse to lease a car because it's the beginning of "you will own nothing and you will be happy"

    • 1 year ago
      Anonymous

      If a significant (>5%) portion of your net worth is in your car, you already own nothing
      Christ, most Americans own nothing, and Americans are the richest people on the planet.

      • 1 year ago
        Anonymous

        Here's a breakdown of that top 10% who owns 70% of all American money by the way. It isn't even that much. Most people really just don't have anything.

  14. 1 year ago
    Anonymous

    I have a wealthy aunt that lives in an area where she gets snowed in and they salt the roads.
    She leases because she never has to deal with flipping a rusted out luxury car and every few years she can just slide into whatever new and improved amenities are on the market. She generally never has break-downs because nothing gets worn enough to fail before she moves on to the next lease.
    It's not for everybody but she has zero automotive issues in her life. She never even has to buy new tires.

    • 1 year ago
      Anonymous

      How much does she pay and what car?

  15. 1 year ago
    Anonymous

    If you have a job where you can write off the expenses on your taxes
    If you’re the kind of person who wants a new car ever four to five years anyway
    You just don’t give a frick about money

    >captcha W0W00

Your email address will not be published. Required fields are marked *