View Poll Results: Loan or Buy?
I am leasing my car
33
20.00%
I have bought my car
132
80.00%
Voters: 165. You may not vote on this poll
You leased or bougth your cars?
02-16-2004, 05:04 PM
#41
Cruisin'
Join Date: Feb 2003
Age: 49
Posts: 17
Likes: 0
Received 0 Likes
on
0 Posts
leased -- then realized how much money I was thowing away.
Went to credit union, got a 3% auto equity loan. Had the same payments -- just make them a year longer & own the thing!!!!
Went to credit union, got a 3% auto equity loan. Had the same payments -- just make them a year longer & own the thing!!!!
02-20-2004, 09:34 PM
#48
Burning Brakes
Join Date: Jun 2003
Location: NNE of 716
Posts: 1,010
Likes: 0
Received 0 Likes
on
0 Posts
Both had a good deal on the trade for my 00 SSM 1.6 EL-P (great car), and a good price for the 03 TL-S, remainder is financed with Honda Canada for 3.8% which is probably a first for the TL. Buying gives me the flexibilty to trade-in, replace the car even before my loan is up, as opposed to a lease where I have to wait until the lease is over, otherwise pay the remaining lease balance. But if I had a business, would definitley lease it.
As for an opinion on North American cars: A friend once had his eye on the Olds Aurora, apparently it was a good car. Brand new he was quoted almost $50k Cdn. An alternative dealer offered a demo of the same car for a tad over $35k Cdn since their sales are down. Apparently, N/A auto dealers are so desperate fro sales, they will do anything to get you to buy their cars (heard of 0% financing PLUS cashback, PLUS deferred payments??) All I can say is, "You get what you pay for"....
As for an opinion on North American cars: A friend once had his eye on the Olds Aurora, apparently it was a good car. Brand new he was quoted almost $50k Cdn. An alternative dealer offered a demo of the same car for a tad over $35k Cdn since their sales are down. Apparently, N/A auto dealers are so desperate fro sales, they will do anything to get you to buy their cars (heard of 0% financing PLUS cashback, PLUS deferred payments??) All I can say is, "You get what you pay for"....
02-22-2004, 01:15 AM
#49
Instructor
Join Date: Jul 2003
Location: Traveling
Posts: 162
Likes: 0
Received 0 Likes
on
0 Posts
I think leasing only works if you are writing it off for a business, and you want to avoid paying sales tax and yearly tangible tax on your car (in some states). I bought mine, financed and paid it off quick.
My dad, on the other hand, leased a POS Jag x-type (and I cant even get into how bad that car is in every way) so he could "write it off" and cause "it looks so nice" -- it looks like a 1982 jag got boned in the rear by a 97 taurus and bore this ugly ford.... and for just $500 a month!!!!! Mine was only $400 to buy and keep, including tax. So I guess to each his own...
Mark
My dad, on the other hand, leased a POS Jag x-type (and I cant even get into how bad that car is in every way) so he could "write it off" and cause "it looks so nice" -- it looks like a 1982 jag got boned in the rear by a 97 taurus and bore this ugly ford.... and for just $500 a month!!!!! Mine was only $400 to buy and keep, including tax. So I guess to each his own...
Mark
Thread
Thread Starter
Forum
Replies
Last Post
Zonian22
Member Cars for Sale
3
11-14-2015 01:20 PM