I didn't find this in the forum history, and was wondering: whats the lease/buy spread for TL-S people?

I plan to buy...

 

I leased my 2000 TL.

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2000 WDP 3.2TL non-NAV
AEM CAI en route...

 

I buy my 2002 3.2 TL-S. Buy is better for this car because you can keep it!!!

cid167

 

I plan to buy, but a BMW 530i instead of a TL-S

 

If you enjoy getting a car every 3 years, lease. If you buy and trade in 3 years you will take a big hit. I buy cars for the long haul.

Buying a car for the long haul will cost you less over time than leasing. But if you must have a new car every three years you probably don't care.

Also, don't lease if you want to put on MODS or drive lots of miles every year.

 

I bought my '00 TL and put $10k down to keep the payment where I wanted it.

When I got my '02 TLS, I pocketed the extra money from the trade in and leased it for the same monthly payment.

I agree that the most economical solution is to buy a car and keep it for a long time. It's nice to not have a car payment for awhile, but it's also nice to get a new car every once in awhile.

 

Lease, waiting for the RL v-8 in 2004

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2002


AEM Cold Air Intake,H&R Springs,Comptech Exhaust
vtecracer1@home.com

 

I leased my TL-S. I was always against leasing, but my cousin who is a car dealer explained me different benefits of leasing. I just purchased a home and my pockets are kind of empty. Lease is great for somebody who can't put a lot of money down, keep the payments low and drive a car like TL-S.
I put down 3,000 (includes Taxes, 1st payment, Tags and of course so called other fees.) My monthly payments are at $450. For all that I got a fully loaded vehicle with options like underbody spoiler kit, and rear spoiler. 39-month lease.
I'll save some money during this time, and get something I really want - Mercedes CL55.
So do not be afraid of lease, especially if you like driving different cars every 3-4 years.

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2002 TL-S Aegian Blue Pearl. Underbody Kit, Spoiler

260 Horsepower of maximum performance. This is Blue Sunshine.
Sweet!!!

 

Purchased mine.

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2002 Acura 3.2 TL-S w/Navi
Satin Silver

 

Leasing is a great deal.......for the dealer!

The only advantage to the customer is that they do not have to put any big $$$ down. The end result is that at lease end, you have no value left to you, and the dealer has a well maintained car that he can sell for big $$$.

:-jon


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02 TL-S NAV w/Spoiler, Body Kit and Bowling Ball Wheel!
01 TOYOTA MR-2 Yellow
98 MAZDA B4000 4-DR PickUp

 

Leasing is the worst thing you can do when getting a vehicle.

I spoke to a co-worker who used to work at Autoland Toyota in NJ. He told me stories that the dealer used to make almost double the amount off the lease. If you do lease make sure you negoitate the price of your car before you lease. Don't negoitate monthly payments, that's where they will get u.

Joey

 

I drive a sh!tload of miles. Leasing would have cost more money for me in the long run.

 

Leasing has its benefits for the short term owner (especially if it can written off as a business expense). As for me, I bought it outright from an insurance settlement. That is the best way.

 

Leased...

 

Leased - I tend to get bored with a car after 3-4 yrs and want to change. This is my third lease - made out like a bandit on the first 2 - bought them at lease end and re-sold them for a profit. I am waiting for the new RL V8 RWD to come out.

 

BTW, there is another thread that discusses the pros and cons of leasing. I provided a lot of input to this thread, but don't really want to go into the details again. But to sum it up, unless you can write off the lease payments on your income taxes (i.e. for business purposes), then (in my opinion) leasing a vehicle is basically equivalent to a long-term car rental, with many restrictions.

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2002 Acura 3.2 TL-S w/Navi
Satin Silver

<FONT COLOR="#800080" SIZE="1" FACE="Verdana, Arial">[This message has been edited by AnthonyG on April 10, 2001 @ ]</font>

 

ssokol91:

About your lease ... How many miles per year are they allowing?

I would love to get a TL-S but I can't afford the $600/mo buy payments. I could do $450 =)

Thanks!

 

Bought my 99, but am going to try to lease for the 1st time.

 

Hey everyone, check out www.leaseguide.com for some good info on leasing vehicles.

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GO GATORS!

 

I'm leasing and if I planned my lease duration right I will be turning my TL-S in when the all new TL-S comes out. I can enjoy the current TL-S and don't have to worry about it being replaced by the technologically superior next generation version. If I would have financed it my payments would be much higher. Instead, I can invest that money or spend it on what I choose. After about 3 years, I would end up putting about the same amount of money into the car whether I leased or financed it. The only difference is when financing it I would put a lot more upfront money(either larger down payment, larger monthly notes or both) and would get that back when the car was sold in 3 years. For me, leasing freed up money. I also don't have to worry about selling or trading in the car in 3 years. If you plan on keeping the car for 4 years or more and put a lot of mileage on it, then leasing is not a good option.

Read the Automobile Issue of Consumer Reports. From that, you can find out if you are a good candidate. Many people are.

 

Leasing is the worst thing you can do when getting a vehicle.

I spoke to a co-worker who used to work at Autoland Toyota in NJ. He told me stories that the dealer used to make almost double the amount off the lease. If you do lease make sure you negoitate the price of your car before you lease. Don't negoitate monthly payments, that's where they will get u.

Joey[/B][/QUOTE]

I disagree. "You said Leasing is the worst thing you can do when getting a vehicle." Did you really mean to say leasing is the worst thing you can do if you negotiate a bad lease? I see you mentioned this later in your post.

If you educate yourself on leasing it's a viable option for many people.

 

Purchased.

BTW. The first and only time I have ever leased was my 1998 Maxima SE. I found that it is good for the short term if you are tight with cash flow and simply looking at "renting" a car for the period.

 

Leased - I too like to buy a new set of wheels every couple of years!

 

Anyone who has done their homework can negotiate a very attractive lease. There's a very negative stigma attached to leasing, but I find it's shared by people who don't fully understand it. I'm not trying to sway anyone either way here...

I leased my TL for 39 months and put absolutely $0 down... didn't give them one dime or write them a check... true sign and drive. Now, in 39 months I will have no car, that's true. However, had I purchased the car, I would have had to put $$ down (if not, the payments would have only been that much higher) and at the end of the same term (39 months) the chances of being able to get what I owe on the car (either in trade or by selling it), plus what I put down at the start, are pretty slim. In this case, since I put $0 down on the car, it is in fact a lot like a long term rental... but I don't see any problem with that... especially since I value driving a new car every 3 or 4 years.

Also.. it's not that hard to estimate how many miles you drive.. and therefore not that hard to settle on the mileage limits of the lease. The maintenance of a lease vehicle, at least for me, is absolutely no different than how I would maintain a car that I was financing, so I see that as -0- problem as well.

It all obviously depends on your personal situation and circumstances... but to say that one or the other (leasing or financing) is "stupid" or "is only a good deal for the dealer" is pretty ignorant.

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2000 WDP 3.2TL non-NAV
AEM CAI en route...

 

I'm getting a 12k/year.
I'll be paying around $450/month w/ $3,000 down

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2002 TL-S Aegian Blue Pearl. Underbody Kit, Spoiler

260 Horsepower of maximum performance. This is Blue Sunshine.
Sweet!!!