Advice on buying a used Lexus
#61
In your case since you want to drive brand new cars and only drive them for a short period of time it sounds like a great deal. For myself and the OP who like to buy used and drive for longer periods if time it's not the same. Like I said from the beginning, leasing/renting cars isn't for everybody and I think we should all be ok with that lol.
To add to the discussion, lets do the numbers after 10 years:
To illustrate the difference after 9 years (easier), if we value a 2005 GS on KBB we get $5,298. So, its cost us $52,399.20 to own this vehicle for 10 years. Plus costs of repair, maintenance which would not be required on a new car, etc.
Lets look at leasing. First 3 years....$22,139. Second 3...price goes up $50...so $23,939....third 3...price goes up $50 more....so $25,739. Add those together, you get $71,817. This is where you really see the benefit of driving a car into the ground vs continually leasing...but I'm not about to do that because I enjoy driving new cars too much.
Last edited by SW17LS; 06-30-14 at 11:27 AM.
#62
No intention of turning this into a lease vs buy thread, but the idea of "gaining equity" in a depreciating asset doesn't appeal to me. You're never gaining with a car, always losing whether you owe more than its value or less than its value...its value is always declining.
I give up on trying to reason with you lol. Obviously you're just looking to be mad about something and drag out a totally off topic argument so have at it, buddy.
I see you edited your post now though....
Last edited by Schmexus; 06-30-14 at 11:32 AM.
#64
leasing is not for every one, but it has it perks if you can afford it and like to switch cars often. Its not just for business owners, lots of folks who want to have a new car every 2-3 years do it.
I do it, and I love it.
I do it, and I love it.
#65
#66
#67
Good discussing on buying vs leasing. I have always been a buy car new and drive it for 10+ years kind of guy. Drove my 91 Camry for 10+ years and my 2000 Camry for 14+ years until I bought the GS. I concur though if getting a new car every 3 years or so is your thing, leasing is your best bet.
I plan on keeping the GS 10+ years as well unless the next gen GS is something that I can't resist. Leasing might be in my future then.
I plan on keeping the GS 10+ years as well unless the next gen GS is something that I can't resist. Leasing might be in my future then.
#68
I have a major problem with being attached to the vehicle for more than a year. After a year or so, all cars to me feel used and everything is just wrong, either its the scratches or the wrinkles on the seats, or the chipped window etc, or AC smell... And that makes me wanna get something new.
I find a million reasons is to why to get a new car.
I find a million reasons is to why to get a new car.
#69
I have a major problem with being attached to the vehicle for more than a year. After a year or so, all cars to me feel used and everything is just wrong, either its the scratches or the wrinkles on the seats, or the chipped window etc, or AC smell... And that makes me wanna get something new.
I find a million reasons is to why to get a new car.
I find a million reasons is to why to get a new car.
#70
I'm the opposite. Only after 2 years or so is when I really have fun with the car and open her up. When new, I tend to baby the car. After it's gotten it's first few scratches and dings is when I really open her up. I generally get rid of the car though before it needs major repairs. Been lucky so far as Toyotas are built really well and I have yet to need any major repairs.
The GS has opened my eyes though. I have been missing out on all the cool gadgets and performance. I must say though there is a lot of enjoyment driving an old beater and not caring if someone dings it. LOL
The GS has opened my eyes though. I have been missing out on all the cool gadgets and performance. I must say though there is a lot of enjoyment driving an old beater and not caring if someone dings it. LOL
#74
#75