lease or finance a car? - GoFuckYourself.com

lloyd · 05-14-2006, 01:34 PM

ya cash is better but just bought a house so that one is out of the question.

i have a financed 2005 right now but i bought it in canada and now i live in the states and given the exchange rates plus prices in canada for cars it makes no sense to keep it so i'm gonna flip it and buy something down here. wondering if i wouldnt have been better off just getting a 3 year lease or something. what are the pros and cons?

Kristian · 05-14-2006, 01:43 PM

Quote:

Originally Posted by lloyd

ya cash is better but just bought a house so that one is out of the question.

i have a financed 2005 right now but i bought it in canada and now i live in the states and given the exchange rates plus prices in canada for cars it makes no sense to keep it so i'm gonna flip it and buy something down here. wondering if i wouldnt have been better off just getting a 3 year lease or something. what are the pros and cons?

I could be wrong, but I think leasing might work out more expensive. I used to lease a fleet of ford focus when I had my double glazing firm because the cars always got so fucked up (I got good deals and could trade them in with 2 weeks notice). I think finance is cheaper though in your case. Try to find the cash though. Unless you care about what people think, just get something cheap and reliable.

detoxed · 05-14-2006, 01:50 PM

Quote:

Originally Posted by Kristian

I could be wrong, but I think leasing might work out more expensive. I used to lease a fleet of ford focus when I had my double glazing firm because the cars always got so fucked up (I got good deals and could trade them in with 2 weeks notice). I think finance is cheaper though in your case. Try to find the cash though. Unless you care about what people think, just get something cheap and reliable.

What are the requirements to lease through a business and get the tax deduction?

TheSpreader · 05-14-2006, 01:51 PM

Leasing is ALWAYS the best bet.

lloyd · 05-14-2006, 02:02 PM

Quote:

Originally Posted by detoxed

What are the requirements to lease through a business and get the tax deduction?

ya i didn't get shit for a write off from the car last year despite having done 90% business miles. this would be why i'd like a lease i think.

Quote:

Originally Posted by TheSpreader

Leasing is ALWAYS the best bet.

why is that?

slapass · 05-14-2006, 02:13 PM

In the US for it to be legal, I am pretty sure you need to have a reason for the car. I was trying to do an executive car for myself through the company and my accountant said not to do it. Anyone else have info on that? As I know this used to be really easy and cool.

lloyd · 05-15-2006, 09:09 AM

bumpety bump

Tom_PM · 05-15-2006, 09:31 AM

If you buy for long term then purchasing makes sense. If you want to get the trendy new car in 2 years, then lease I guess.
I'd never lease, because I dont care what my car looks like. I need it to do the errands, nothing more.

MaddCaz · 05-15-2006, 09:32 AM

Financing. I drive too much to lease

swingingina · 05-15-2006, 09:44 AM

leasing sucks with mileage

Babagirls · 05-15-2006, 09:46 AM

its like saying "rent or buy a house". its always good to put money towards OWNING something. why just throw it away?? want a new car every 2 yrs? then just keep the car clean and running in excellent shape and trade it in. the difference? you own it. its yours.

WDchris · 05-15-2006, 10:00 AM

buy a Honda, then crash it into a wall.

DutchTeenCash · 05-15-2006, 10:01 AM

cash. period.

...yeah I just leased a ferrari so lease or finance a plane? buy a fucking 500 bucks car and get a nice one when you can afford it. Sheesh.

DutchTeenCash · 05-15-2006, 10:03 AM

Quote:

Originally Posted by WDchris

buy a Honda, then crash it into a wall.

stupid is stupid does uh

detoxed · 05-15-2006, 10:04 AM

Quote:

Originally Posted by PR_Tom

If you buy for long term then purchasing makes sense. If you want to get the trendy new car in 2 years, then lease I guess.
I'd never lease, because I dont care what my car looks like. I need it to do the errands, nothing more.

Guess you dont look at the inside either? Some are nice.

05-14-2006, 01:34 PM	#1
lloyd Confirmed User Industry Role: Join Date: May 2002 Location: 858/604 Posts: 798	lease or finance a car? ya cash is better but just bought a house so that one is out of the question. i have a financed 2005 right now but i bought it in canada and now i live in the states and given the exchange rates plus prices in canada for cars it makes no sense to keep it so i'm gonna flip it and buy something down here. wondering if i wouldnt have been better off just getting a 3 year lease or something. what are the pros and cons?

05-15-2006, 09:31 AM	#8
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	If you buy for long term then purchasing makes sense. If you want to get the trendy new car in 2 years, then lease I guess. I'd never lease, because I dont care what my car looks like. I need it to do the errands, nothing more. __________________ 43-922-863 Shut up and play your guitar.

05-15-2006, 09:32 AM	#9
MaddCaz Confirmed User Join Date: Mar 2006 Location: Illinois Posts: 9,483	Financing. I drive too much to lease __________________ BigCocks.com - MatureWomen.com - Tranny.com - DrunkGirls.com - TeenGirls.com - MonsterCock.com and many more... Click here to see them all!

05-15-2006, 09:44 AM	#10
swingingina Confirmed User Join Date: Nov 2005 Location: st pete beach Fla Posts: 199	leasing sucks with mileage __________________

05-15-2006, 09:46 AM	#11
Babagirls Text Writer Join Date: Feb 2001 Location: Wisconsin Posts: 18,812	its like saying "rent or buy a house". its always good to put money towards OWNING something. why just throw it away?? want a new car every 2 yrs? then just keep the car clean and running in excellent shape and trade it in. the difference? you own it. its yours. __________________ Need a Text Writer? Blogs\|Reviews\|Descriptions\|Paysites\|TGP's\|Stories ICQ: 397892500

05-14-2006, 01:51 PM	#4
TheSpreader So Fucking Banned Join Date: Nov 2003 Posts: 501	Leasing is ALWAYS the best bet.

05-14-2006, 02:13 PM	#6
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	In the US for it to be legal, I am pretty sure you need to have a reason for the car. I was trying to do an executive car for myself through the company and my accountant said not to do it. Anyone else have info on that? As I know this used to be really easy and cool.

05-15-2006, 09:09 AM	#7
lloyd Confirmed User Industry Role: Join Date: May 2002 Location: 858/604 Posts: 798	bumpety bump

05-15-2006, 10:00 AM	#12
WDchris Confirmed User Join Date: Apr 2006 Location: California Posts: 612	buy a Honda, then crash it into a wall.

05-15-2006, 10:01 AM	#13
DutchTeenCash I like Dutch Girls Join Date: Feb 2003 Location: dutchteencash.com Posts: 21,684	cash. period. ...yeah I just leased a ferrari so lease or finance a plane? buy a fucking 500 bucks car and get a nice one when you can afford it. Sheesh. __________________ ICQ 16 91 547 - SKYPE dutchteencash bob AT dutchteencash DOT com ... did you see our newest Sweet Natural Girl Priscilla (18)? Last edited by DutchTeenCash; 05-15-2006 at 10:02 AM..