Elmo P. Shagnasty wrote:
> In article <Xns9A176CB49B6E6thefrogprince@69.28.173.184>,
> Larry in AZ <usenet2@DE.LETE.THISljvideo.com> wrote:
>
>> If it'll answer the question of you and the nym-monkey , I'm self-
>> employed. I've leased since 1982, and it works for me.
>>
>> Now... Does anyone have a reasonable answer to my question, or is everyone
>> just going to beat their chests about how ownership makes them proud..?
>
> Owning a depreciating asset because it's necessary in today's world
> doesn't make me proud. It kind of pisses me off.
>
> Leasing pisses me off more, though.

It depends. It's cheaper than buying a new car every two or three years
in at least some cases. Plus, for some people, there are great tax
deductions. For the vast majority of people, buying a car is cheaper
than leasing. And, buying a good used car (perhaps one off lease) is
cheaper than buying a new car.

Of course, that comes from someone who spends more time on railroad cars
than in automobiles, and, when in an automobile, it is usually one that
is over 11 years old (bought new).

Jeff

 

In article <23gej.1363$jX4.151@trnddc07>,
Jeff <kidsdoc2000@hotmail.com> wrote:

> > Owning a depreciating asset because it's necessary in today's world
> > doesn't make me proud. It kind of pisses me off.
> >
> > Leasing pisses me off more, though.
>
> It depends. It's cheaper than buying a new car every two or three years
> in at least some cases.

No, it's not.

The costs are merely distributed differently--and, in most cases,
completely hidden from the gullible guy who WANTS to believe that it's
"cheaper".

 

Larry in AZ wrote:
> I like the 2005 Pilot we've leased for the past 35 months, and am thinking
> about extending, or re-leasing it in late January.
>
> I know it's one of the end-of-lease options, but I haven't asked Honda about
> it yet.
>
> Anyone know how they calculate the new payments if I decide to keep it for
> another 24 months..?
>
> (Please don't suggest that I buy it. I don't want to do that.)
>
Hi,
If your method of keeping a set of wheel is by leasing, then return it
and lease a new one to have minimum need for maintenance. My way of
keeping a car is buy new with cash(best leverage making deals), keep and
run the car in OEM condition doing most maintenace myself. By the time I
need another car, I will have enought cash saved for another purchase.

 

U've been leasing cars for more than 20 years so you should know how to
answer your own question...especially if you are self employed

Good luck!
"Tony Hwang" <dragon40@shaw.ca> wrote in message
news:mckej.54068$DP1.40706@pd7urf2no...
> Larry in AZ wrote:
>> I like the 2005 Pilot we've leased for the past 35 months, and am
>> thinking about extending, or re-leasing it in late January.
>>
>> I know it's one of the end-of-lease options, but I haven't asked Honda
>> about it yet.
>>
>> Anyone know how they calculate the new payments if I decide to keep it
>> for another 24 months..?
>>
>> (Please don't suggest that I buy it. I don't want to do that.)
>>
> Hi,
> If your method of keeping a set of wheel is by leasing, then return it and
> lease a new one to have minimum need for maintenance. My way of keeping a
> car is buy new with cash(best leverage making deals), keep and run the car
> in OEM condition doing most maintenace myself. By the time I need another
> car, I will have enought cash saved for another purchase.
>

 

In article <flcn7f$j61$1@aioe.org>,
"~&~=100%" <i_know_you@wanted.to_spam> wrote:

> U've been leasing cars for more than 20 years so you should know how to
> answer your own question...especially if you are self employed

Proof positive that he has no idea how to handle his finances or what
makes sense.

 

Elmo P. Shagnasty wrote:
> In article <23gej.1363$jX4.151@trnddc07>,
> Jeff <kidsdoc2000@hotmail.com> wrote:
>
>>> Owning a depreciating asset because it's necessary in today's world
>>> doesn't make me proud. It kind of pisses me off.
>>>
>>> Leasing pisses me off more, though.
>> It depends. It's cheaper than buying a new car every two or three years
>> in at least some cases.
>
> No, it's not.
>
> The costs are merely distributed differently--and, in most cases,
> completely hidden from the gullible guy who WANTS to believe that it's
> "cheaper".

Try again.

<http://www.carspace.com/guides/Car-Buying-Tips-Lease-vs-Purchase-on-a-New-Car>

http://www.infoplease.com/ipa/A0193143.html

<http://consumerguideauto.howstuffworks.com/featured-auto-expert-advice3.htm>

http://www.mymoney.gov/credit.shtml

It can be better to lease than to buy. Usually, it isn't. For me, I
would never lease, because I keep my cars longer than 4 years and I tend
to put on too many miles.

The bottom line is that when purchase or lease a car, you need to read
and understand the fine print in the contract, understand what things
are not in the contract (e.g., things that are in the leasing and
finance laws), do comparison shopping and carefully compare the cost of
leasing vs. buying a particular vehicle with the tools that are all over
the internet, like in finance.yahoo.com. (You also should compare the
price of buying the car and getting a higher rebate vs. buying the car
with a lower rebate, but getting a low-interest rate loan.)

And regardless of what you are doing, you really need to make sure you
understand *all* the terms in the contract, run the numbers through
calculators. you need to find all the rebates for which you are
eligible, In other words, be an informed consumer.

But, there are times when leasing is cheaper than buying, though rarely.

Finally, I would add, if you already have a car, there are usually three
transactions: 1) buying a new car, 2) financing the car (leasing is one
way to finance the car), 3) selling the old car. Keep the three
transactions separate, so you can understand what is happening and be
able to use all your options (like bank or credit union financing rather
than dealer financing, which can be more or less expensive). Otherwise,
the car salesperson can really take advantage of you.

Jeff

 

"Tony Hwang" wrote

> Hi,

> My way of keeping a car is buy new with cash(best leverage making deals),
> keep and run the car in OEM condition doing most maintenace myself. By the
> time I need another car, I will have enought cash saved for another
> purchase.

What a novel idea!

;-)

 

not sure why you guys have a bone to pick with leasing... A simple
amortization table will show that as long as you get a good price on the
vehicle, and a good interest rate, it is simply a longer term loan which
allow for a lower payment and higher cash flow.

Since I plan to keep the vehicle til the wheels run off of it, and that will
probably be in 10-12 years or more, I don't see a problem here.

If ownership is a big deal to you, then don't lease!

If it was a Cobalt or a Caliber, things would be different because one only
plans to keep one of these cars on the road for 4-6 years.

t

Elmo P. Shagnasty wrote:
>> I can never understand why anyone would lease a car unless it provides a
>> suitable business deduction on taxes. Personal leasing has to be an all
>> time act of stupidity.
>>
>> But, ya gotta 'member dat most o' da masses r comprised of sheeple,
>> creatures that are easily led to the abyss...
>
>"But, I can get MORE car with the SAME money!" you hear them cry.

--
Message posted via http://www.carkb.com

 

Waiving the right to remain silent, Jeff <kidsdoc2000@hotmail.com> said:

> But, there are times when leasing is cheaper than buying, though rarely.

It's not always about whether or not it's cheaper, which seems to be the
hangup of the nym-monkey idiot here.

It's often about other things such as how the vechicle is used, how much it's
used, and the particular tax position of the individual.

--
Larry J. - Remove spamtrap in ALLCAPS to e-mail

"A lack of common sense is now considered a disability,
with all the privileges that this entails."

 

In article <Xns9A187448BF425thefrogprince@69.28.173.184>,
Larry in AZ <usenet2@DE.LETE.THISljvideo.com> wrote:

> > But, there are times when leasing is cheaper than buying, though rarely.
>
> It's not always about whether or not it's cheaper, which seems to be the
> hangup of the nym-monkey idiot here.

No, it's whether or not you can achieve the same goals without
frivolously giving your money to someone else.

 

Howard Lester wrote:
> "Tony Hwang" wrote
>
>
>>Hi,
>
>
>>My way of keeping a car is buy new with cash(best leverage making deals),
>>keep and run the car in OEM condition doing most maintenace myself. By the
>>time I need another car, I will have enought cash saved for another
>>purchase.
>
>
> What a novel idea!
>
> ;-)
>


Very un-American I say!

A true patriot should have at least two sets of car payments!

JT

(Whose last car payment was in 1962...)