macmaster

Just wondering what the demographic is out here. Thanks!

oldcajun

Lease, I get a new car every 3 years.

Fizzboy7

Leased, then bought out the lease. 11 year old IS is costing me nothing to own now and is 100% solid. Love it.

Stroock639

for my non lexus cars i paid cash, but the lexus was inherited lol

mmarshall

Cash. I am a firm believer in avoiding as much debt as possible, although, depending on the circumstances, I might consider a lease in the future.

patgilm

Just started leasing 5 years ago for my daily drivers and never going back to owning. I love having a new car every three years. By the end of year two I am ready for a change but 2 year leases cost way to much on a monthly basis. For my weekend/toy cars I always buy and finance at a low rate even though I have the cash to buy it outright.

ABC

Financed for 5 years through credit union, but paid off within ~2 years. Nice not having a car payment for years.

sivikvtec

Cash monies... but it was 2 years old CPO

this threads gonna start an argument lol

sm1ke

iTrader: (5)

Not a Lexus, but for my '18 Mazda I paid 40% of the purchase price in cash as a down payment, then financed the rest on a 4-year term that will be paid off early (within the next year or two).

pman6

if the APR is super low, i finance, even if i can pay it off outright.

because i can use that money to make a bigger return elsewhere when it stays in my pocket.

even if you don't do any investing, getting 1.9% APR loan and keeping your own cash in a 2.2% savings account or a 3% CD is like free money.

Also, car payments boost your credit score.

Bgw70

Cash, never had a car payment.

DaveGS4

iTrader: (2)

Always cash for me

ABC

Can we add a poll this this thread? The info would be easier to see.

AJLex19

Cash buyer here...

Full coverage insurance costs almost double the rate in my neck of the woods when you finance/lease. Typical liability coverage ranges from $700 - $1200/yr. Full coverage needed for lease or financed cars are usually from $1400 - $3000/yr depending on the type of coverage/provider. I've gotten quotes from all the following: Geico, State Farm, All State, eSurance..

These numbers consider a clean driving record. If I were to finance a car for 5 years, i expect to pay an extra $4,000 - $5000 over that term for insurance coverage which always turns me away from financing.

LexBob2

I always pay cash (usually less trade in) on new cars.