Weird pickle: Getting rid of my 21 ES for... a 21 ES.
#46
#48
Instructor
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#53
Instructor
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Buying isn't always cheaper than leasing and leasing isn't ALWAYS going to be cheaper than buying. Maybe for YOU because you paid for a car outright. Most people can't do that. I have had Single pay leases and regular term leases that I paid considerably less than $50, if that, in rent/interest for the entire term. In that same time a few oil changes and maybe a set of tires and you've already paid more overall than I have because my maintenance was included... In fact you paid more! So your blanket statement might wanna be tweaked a bit.
So then you did make at least 1 car payment, right?
Probably the only time we are in agreement! 😉
Nope! Not even close. That is an antiquated school of thought.
So then you did make at least 1 car payment, right?
Nope! Not even close. That is an antiquated school of thought.
#54
Instructor
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Remember making this statement? I could say I don't understand why anyone would plunk down $50k at once for a car. There is always going to be valid arguments for both leasing and buying, or in your case, outright buying.
#55
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Buying isn't always cheaper than leasing and leasing isn't ALWAYS going to be cheaper than buying. Maybe for YOU because you paid for a car outright. Most people can't do that. I have had Single pay leases and regular term leases that I paid considerably less than $50, if that, in rent/interest for the entire term. In that same time a few oil changes and maybe a set of tires and you've already paid more overall than I have because my maintenance was included... In fact you paid more! So your blanket statement might wanna be tweaked a bit.
That is an antiquated school of thought.
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hammerme (03-19-22)
#56
#57
Pole Position
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![Uhh...](https://www.clublexus.com/forums/images/smilies/1387914497.gif)
While I generally agree with paying cash up front, for us it is more because my wife and I hate having debt over our heads. The reality today with the low interest rates is that we may come out ahead by wisely investing that 50K. If interest rates were higher, the ability to locate an investment vehicle that exceeds the loan servicing costs would be more difficult. Now finding a "safe" investment that exceeds the finance costs over a five year loan is certainly a gamble - even today.
#58
Lexus Test Driver
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As long as this thread is so far off topic already, I will just add some thoughts I have on the new topic... ![Uhh...](https://www.clublexus.com/forums/images/smilies/1387914497.gif)
While I generally agree with paying cash up front, for us it is more because my wife and I hate having debt over our heads. The reality today with the low interest rates is that we may come out ahead by wisely investing that 50K. If interest rates were higher, the ability to locate an investment vehicle that exceeds the loan servicing costs would be more difficult. Now finding a "safe" investment that exceeds the finance costs over a five year loan is certainly a gamble - even today.
![Uhh...](https://www.clublexus.com/forums/images/smilies/1387914497.gif)
While I generally agree with paying cash up front, for us it is more because my wife and I hate having debt over our heads. The reality today with the low interest rates is that we may come out ahead by wisely investing that 50K. If interest rates were higher, the ability to locate an investment vehicle that exceeds the loan servicing costs would be more difficult. Now finding a "safe" investment that exceeds the finance costs over a five year loan is certainly a gamble - even today.
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dklanecky1 (03-19-22)
#59
Instructor
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It's a zero sum game. If you made a profit vs buying, then the leasing company lost money. In fact, it's a less-than-zero sum game. If you made a profit, then the leasing company had a loss exceeding their overhead cost! I doubt that happened, but if you think so, I won't try to disabuse you of your delusion.
Yes, it's a very antiquated school of thought. It's called arithmetic.
Yes, it's a very antiquated school of thought. It's called arithmetic.
![Roll Eyes (Sarcastic)](https://www.clublexus.com/forums/images/smilies/rolleyes.gif)
And….
Since we are on the topic of handing out free unsolicited lessons, I would further encourage you to try again with a relevant, actual answer but, and here’s the lesson, Don’t feed the trolls! Doing so takes away time that could be better spent doing arithmetic and soaking in some more delusion!
!
#60
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If you are going to waste my time reading your response , at least have the courtesy of staying on topic rather than providing an answer that has no relevance to the topic. I have no idea how you rationalized a zero sum game scenario out of my post? It’s about disproving your arrogant blanket statement that buying is always better than leasing. So thanks for the economics theory lesson but I’ve got to get back to basking in my delusion!![Roll Eyes (Sarcastic)](https://www.clublexus.com/forums/images/smilies/rolleyes.gif)
And….
Since we are on the topic of handing out free unsolicited lessons, I would further encourage you to try again with a relevant, actual answer but, and here’s the lesson, Don’t feed the trolls! Doing so takes away time that could be better spent doing arithmetic and soaking in some more delusion!
!
![Roll Eyes (Sarcastic)](https://www.clublexus.com/forums/images/smilies/rolleyes.gif)
And….
Since we are on the topic of handing out free unsolicited lessons, I would further encourage you to try again with a relevant, actual answer but, and here’s the lesson, Don’t feed the trolls! Doing so takes away time that could be better spent doing arithmetic and soaking in some more delusion!
!
Apparently my post went right over your head. The zero sum game is between you and the leasing company. If you win, they lose. If they win, you lose. You insist you are winning at the leasing game. If that's true, by definition, the leasing company is losing money. I think you're kidding yourself.