Trade my CL in to lease a C240/c230/is300/X3???
09-26-2004, 06:48 PM
#41
Houses Won't Depreciate?
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Originally Posted by acura_service
but i don't want to keep a car forever, as soon as i paid a car off, i traded it, leasing elimatates all of this, plus alot of people have good write-offs with leases (as long as you can that is)
you don't have to put any money down on a lease either, sounds like most of you people that are against leasing, don't really know much about them
you don't have to put any money down on a lease either, sounds like most of you people that are against leasing, don't really know much about them
Even leasing a 2 year old car is possible, and that will save tons of money.
09-26-2004, 07:40 PM
#42
Burn some dust here
Originally Posted by originalaxpimp
the c240 2005 0-60 is 8.1. With power like that id be afraid to race a hyndai
09-27-2004, 07:43 AM
#43
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I didnt get to respond till now. The only reason why I want to lease from now on is because I am on my 2nd car in 6 yrs. I bought a new camry in 98 for like $24k, traded it in for $10k in 02 when I bought the CL, thats $14k lost in 4 yrs. Now if I finish paying my loan on the car, I would have paid $31k for this and when i sell it, i'll probably be lucky to get $10-12k on it. Thats another 20k lost within 6 yrs. I don't like to keep a car for more than 3-5 yrs. If i culd help it i would rather change every 3 yrs which is why leasing looks good to me.
09-27-2004, 01:02 PM
#45
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Originally Posted by Python2121
one of these days i am going to start a thread: explain leasing terminology and how it works for 18 year old's
Here a good site on leasing
http://www.carbuyingtips.com/lease2.htm
09-27-2004, 03:14 PM
#47
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A fianance course will teach you about the value of money within time: future value, present value, depreciation, etc.
For a lease there are 3 major things you need to know.
1.- Sale Price
2.- Residual value (the value $$ of your car when you return it)
3.- The money factor (interest rate = money factor x 24)
A lease will let you finance
(1) - (2) @ (3) interest rate. You just pay for the depreciation.
When you return the car you just disposse it WITHOUT having the issue of trying to sell it or trying to trade it in - with possible loss. You pretty much lock in a residual value at lease end.
For a lease there are 3 major things you need to know.
1.- Sale Price
2.- Residual value (the value $$ of your car when you return it)
3.- The money factor (interest rate = money factor x 24)
A lease will let you finance
(1) - (2) @ (3) interest rate. You just pay for the depreciation.
When you return the car you just disposse it WITHOUT having the issue of trying to sell it or trying to trade it in - with possible loss. You pretty much lock in a residual value at lease end.
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