Lexus: Buying Used vs. New Lexus
#31
Lexus Fanatic
Of course leasing will be less expensive than buying a brand new car every 3 yrs. But if someone is not buying a brand new car every 3 yrs, after 3 yrs the leasing cost will be more than the loan cost.
#32
Provided you keep the purchased new car longer than 5 years. I've done the math, 5 years is the magic number. If you don't plan on keeping it longer than that leasing is a break even or is cheaper.
#33
Lexus Fanatic
Disagree. Several calculations I've done show you lose money starting after the 3rd year. Of course there are many different factors that play into which year you start losing money but the earliest possible outcome of losing money is year 3.
#34
My calculations clearly show that if you purchase the same model new vs leasing it new, at 3 years if you trade in the purchased car vs turning in the leased car, you save money by leasing. Please share your calculations, I've shared mine several times.
It's been awhile since I leased, I'll see if I can find them.
Last edited by Diesel350; 10-19-15 at 01:03 PM.
#35
Lexus Fanatic
Originally Posted by Diesel350
Several calculations I've done show you lose money starting after the 3rd year. Of course there are many different factors that play into which year you start losing money but the earliest possible outcome of losing money is year 3.
On a separate note, I see your screen name is Diesel350. I hope you weren't one of those who got stuck with that awful 5.7L (350 c.i.) V8 from GM from the late 1970s and early 1980s. It was one of the most poorly-engineered powerplants in modern automotive history....there were even class-action suits on it. (If you did get stuck with one, you have my sympathy)
#36
Lexus Fanatic
You are probably getting favorable numbers because you're more savvy than the average consumer when it comes to leasing. Not everyone can get the same deals your getting.
It's been awhile since I leased, I'll see if I can find them.
It's been awhile since I leased, I'll see if I can find them.
If people don't take the time to educate themselves about this stuff before they do it, its their own fault.
Originally Posted by mmarshall
On most vehicles, the steep depreciation curve starts to flatten out after the 3rd year. But, on 4-year or longer leases, that's supposed to be taken into account when the manufacturer or the dealer figures lease-rates. I figured properly, that should lower the average monthly payments because the vehicle is depreciating less each year after the third year.
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