View Poll Results: if you had $75k to spend, which year LS would you buy?
2005
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12
60.00%
2004
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7
35.00%
2001-2003
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1
5.00%
1989-2000
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0
0%
Voters: 20. You may not vote on this poll
2004-2005, what should i buy?
#1
![Question](https://www.clublexus.com/forums/images/icons/icon5.gif)
a dear friend of mine is looking to buy a new LS, he said up to $75k would be ok as long as he oculd justify it.(its a lexus, i say, int that justification enough?)
Could u guys point out the main differences between the 04 and 05 model years and recomend a good option package for someone living in NorCal. he did say that he wanted the nav.
another thing is that hes looking to lease. i\ve helped many people buy cars before but leasing is new to me, could someone explain how all that works and roughly how much he should pay monthly/mileage and etc?![Uhh...](https://www.clublexus.com/forums/images/smilies/1387914497.gif)
thanks everybody in advance!
Could u guys point out the main differences between the 04 and 05 model years and recomend a good option package for someone living in NorCal. he did say that he wanted the nav.
another thing is that hes looking to lease. i\ve helped many people buy cars before but leasing is new to me, could someone explain how all that works and roughly how much he should pay monthly/mileage and etc?
![Uhh...](https://www.clublexus.com/forums/images/smilies/1387914497.gif)
thanks everybody in advance!
![Stick Out Tongue](https://www.clublexus.com/forums/images/smilies/tongue.gif)
Last edited by purdrifter; 09-02-04 at 09:40 PM.
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here's a good guide on leasing: http://www.leaseguide.com/lease01.htm
below is text copied from its "lease vs. buy" section. be sure to check out the link above to read up all the information regarding leasing.
below is text copied from its "lease vs. buy" section. be sure to check out the link above to read up all the information regarding leasing.
It's a common dilemma: lease or buy, buy or lease, which is better?. Everyone who has ever considered leasing has had this question cross their mind. So what is the answer?
It depends
Leases and loans are simply two different methods of automobile financing. One finances the use of a vehicle; the other finances the purchase of a vehicle. Each has its own benefits and drawbacks.
It's not possible to simply say that one is always better than the other because, well, it depends on your own particular situation and preferences.
You must not only look at the financial comparisons but also at your own personal priorities — what's important to you.
Is having a new vehicle every two or three years with no major repair risks more important than long-term cost? Are long term cost savings more important than lower monthly payments? Is ownership more important than low up-front costs and no down payment?
So, making the lease or buy decision is not quite cut and dry. There are some things you need to know first.
Buying and leasing are different
When you buy, you pay for the entire cost of a vehicle, regardless of how many miles you drive it. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company. You make your first payment a month after you sign your contract.
When you lease, you pay for only a portion of the vehicle's cost, which is the part that you "use up" during the time you're driving it. You have the option of not making a down payment, you pay sales tax only on your monthly payments (in most states), and pay a money factor that is similar to the interest rate on a loan. With leases, you may also pay extra fees and possibly a security deposit that you don't pay when you buy. You make your first payment at the time you sign your contract.
Buy vs lease example
As an example, if you lease a car that costs $20,000, but is worth only $13,000 after 24 months, you pay for the $7000 difference (this is called depreciation), plus finance charges, plus fees.
When you buy, you pay the entire $20,000, plus finance charges, plus fees.
This is fundamentally why leasing offers significantly lower monthly payments than buying.
It depends
Leases and loans are simply two different methods of automobile financing. One finances the use of a vehicle; the other finances the purchase of a vehicle. Each has its own benefits and drawbacks.
It's not possible to simply say that one is always better than the other because, well, it depends on your own particular situation and preferences.
You must not only look at the financial comparisons but also at your own personal priorities — what's important to you.
Is having a new vehicle every two or three years with no major repair risks more important than long-term cost? Are long term cost savings more important than lower monthly payments? Is ownership more important than low up-front costs and no down payment?
So, making the lease or buy decision is not quite cut and dry. There are some things you need to know first.
Buying and leasing are different
When you buy, you pay for the entire cost of a vehicle, regardless of how many miles you drive it. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company. You make your first payment a month after you sign your contract.
When you lease, you pay for only a portion of the vehicle's cost, which is the part that you "use up" during the time you're driving it. You have the option of not making a down payment, you pay sales tax only on your monthly payments (in most states), and pay a money factor that is similar to the interest rate on a loan. With leases, you may also pay extra fees and possibly a security deposit that you don't pay when you buy. You make your first payment at the time you sign your contract.
Buy vs lease example
As an example, if you lease a car that costs $20,000, but is worth only $13,000 after 24 months, you pay for the $7000 difference (this is called depreciation), plus finance charges, plus fees.
When you buy, you pay the entire $20,000, plus finance charges, plus fees.
This is fundamentally why leasing offers significantly lower monthly payments than buying.
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