GoFuckYourself.com - Adult Webmaster Forum

GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)
-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   Buying vs. Leasing a car... (https://gfy.com/showthread.php?t=561095)

buddyjuf 01-07-2006 03:53 PM

Buying vs. Leasing a car...
 
What are the pros and cons?

I mean I can't understand why people wh can afford to buy, lease.
I mean even if you can't afford to buy a brand new one, why not buy one that is 2-3 years older?

my friend is in the process of leasing a brand new 330CiCm and a X5 4.8Li
I mean after 3 years, he has no cars left, and has spent some 70 000$ on the leases.

I, on the other hand, bought a 2 year older M3, and in 3 years I still have a car and get get alot of my money back!

can someone please explain to me the benefits of leasing a car instead of buying it?

thanks!

FuqALot 01-07-2006 03:57 PM

exotic = lease

and with other rides it's just whatever you prefer. i prefer buying everything at once so i know it's my ride and am not one of those wannabee's hehe.

buddyjuf 01-07-2006 03:58 PM

and I mean, on a lease, you are on a contract! they have you by the balls, you can't really sell the car at a decent price, once your lease ends they will find anything to make the cars value depreciate, they collect intrest on the payments... I simply don't get it

Sly 01-07-2006 04:00 PM

You should talk to your accountant and see what he/she says. Leasing is a great option in the right situations.

FuqALot 01-07-2006 04:04 PM

Quote:

Originally Posted by Sly
You should talk to your accountant and see what he/she says. Leasing is a great option in the right situations.

Yep True. That's what I did.. my accountant is an expert.. buys new cars all the time. I wonder where he gets the money

BV 01-07-2006 04:08 PM

for business you can deduct your whole lease payment
if you buy you have to depreciate a percentage each year

for a personal vehicle the only advantage to leasing is if you know you are going to get a new one in 2 or 3 years, so then you lease for 2 or 3 years, this way you only commit to pay for the depreciation.

So on a new $30K car after 2 years is worth $20K (residual) your committing and paying for 10K over 2 years.

so in short it's usually always better to lease if it's for a business or you get a new ride frequently

clickclickclick 01-07-2006 04:08 PM

if ur a biz, u should lease. deduct cost and shit

ur accountant can give u some good tips... all the big playa's got the biz plates on their kars

chadglni 01-07-2006 04:10 PM

Leasing is retarded, yes you can deduct the full lease payment but when you buy you OWN THE FUCKING CAR! The only time you want to lease vs buy is when you plan on swapping cars every 3 years for as long as you live.

Alex 01-07-2006 04:13 PM

It comes down to the same thing.
The cost of a three year lease is usually the difference between the cars original price and its value in three years.

EX:
CAR A costs $45k to buy brand new. After three years it's value is 20K. So it dropped $15k in three years.
That means your lease payment over those three years will add up to $15k ~$416/month.

So if you were to lease, you would spend $15k for three years and at the end give it back. The pros are that you only spent $15k on it because you dont ahve to look for a buyer to buy it off you . And during those three years, almost any repairs done are covered by the dealership.

If you were to buy. You would spend $45k initially. After three years you have a car only worth $20k, and that is if you can find a buyer. And and repairs done are paid by you.

Sly 01-07-2006 04:17 PM

Quote:

Originally Posted by BV
for business you can deduct your whole lease payment
if you buy you have to depreciate a percentage each year

I believe you can also deduct some maintenance, gas, and insurance. It would depend how you have your corporation setup and how good your accountant is.

What's a lease on a $30k vehicle? Like $300-400 monthly? Ok, that's roughly $10k after 2 years. You buy the $30k vehicle and after 2 years its probably worth anywhere between $18-22k, right? So by both buying and leasing you're paying $5k a year just for "control" of the car.

If you're going to want a new car in 2 years anyway, why not lease? Who cares if you actually "own" the car? Will it make you sound cooler to your buddies?

Sly 01-07-2006 04:19 PM

Oh, and Alex pointed out the other thing I forgot to mention. Who really wants to sit around and sell their car? It costs money to advertise, costs money for any last repairs you may want to do, and it eats up your time. All of that after you already spent the lease amount into the vehicle.

Alex 01-07-2006 04:21 PM

Quote:

Originally Posted by Sly
Oh, and Alex pointed out the other thing I forgot to mention. Who really wants to sit around and sell their car? It costs money to advertise, costs money for any last repairs you may want to do, and it eats up your time. All of that after you already spent the lease amount into the vehicle.

This is who leases cars. People who plan to fuck up thier car so bad in the three years that they will have trouble selling it and will make it easier to just give it back.

pornguy 01-07-2006 04:24 PM

CON= I paid 11k for mileage

BV 01-07-2006 04:33 PM

Quote:

Originally Posted by Sly
I believe you can also deduct some maintenance, gas, and insurance. It would depend how you have your corporation setup and how good your accountant is.

What's a lease on a $30k vehicle? Like $300-400 monthly? Ok, that's roughly $10k after 2 years. You buy the $30k vehicle and after 2 years its probably worth anywhere between $18-22k, right? So by both buying and leasing you're paying $5k a year just for "control" of the car.

If you're going to want a new car in 2 years anyway, why not lease? Who cares if you actually "own" the car? Will it make you sound cooler to your buddies?

Yep, technically you can deduct everything, gas maintenance all that shit as long as it's all used for business.

I now lease a Tahoe for 36 months for one of my businesses. Sticker was $46K, not exactly sure what I paid but the monthly pmt is roughly $740. Had a another lease before that, I turned it in almost 1 year early and they waived the remaining years worth of pmts because when GM needs to move vehicles they come up with special programs like that to do so. Think it was called pay it forward or something.

When they offer special deals for leasing they also usually offer specials for buying.

Like when I bought my 50th Anniversary ZO6 Vette, 0% interest no money down for 5 years. Can't beat that. That's free money.

Peaches 01-07-2006 04:52 PM

I've always leased cars. Bought my last 3. One I did OK on because it didn't lose a ton of appreciation. One was totaled after a year and depreciated so much gap insurance had to kick in about $5K. The third one is 3+ years old and has depreciated so much I can't sell it for what I owe on it even though it's a 0% loan.

Leasing has always worked out better for me because I want a new car every 3 years.

bigdog 01-07-2006 05:08 PM

I think also with a leased car you are more likely to drive it safely because you know you have to return it.

sonofsam 01-07-2006 05:10 PM

is it possible to get unlimited mileage with a leased car?

BV 01-07-2006 05:13 PM

Quote:

Originally Posted by sonofsam
is it possible to get unlimited mileage with a leased car?

not for free, but yes you can buy extra miles

PinkElectric 01-07-2006 05:30 PM

Bdjuf, you´re still young...i wish you the very best! And that comes from the bottom of my heart!!

candyflip 01-07-2006 06:23 PM

Quote:

Originally Posted by chadglni
Leasing is retarded, yes you can deduct the full lease payment but when you buy you OWN THE FUCKING CAR! The only time you want to lease vs buy is when you plan on swapping cars every 3 years for as long as you live.

You know better than that man...you only OWN the car after you've made the final payment to the bank. :winkwink:

After 4 years of payments you spent $30k on your $20k ride that's now worth $10k if you're lucky.

Very few people pay for the car in full when they drive it off the lot. Probably less than 2%.

I worked in car sales during the summer while in collage. In the two years I did this, I didn't deal with a single person who paid in full.

sonofsam 01-07-2006 06:25 PM

Quote:

Originally Posted by PinkElectric
Bdjuf, you´re still young...i wish you the very best! And that comes from the bottom of my heart!!

bdjuf doesn't need luck.... hes already got an m3.... hes already in the top 1% of his age group :thumbsup

$5 submissions 01-07-2006 06:25 PM

Disclaimer: Ask your accountant. If you have a corporation, I'd suggest you LEASE. You only pay for the % of the car you use and you don't get stuck with a depreciating asset. Plus you get to swap out cars every three years.

Alex 01-07-2006 06:25 PM

Quote:

Originally Posted by pornguy
CON= I paid 11k for mileage

:1orglaugh :1orglaugh
You deserved it. Any mechanic can turn back the milege for a few hundred. Would have saved you 11k.

Sly 01-07-2006 06:35 PM

Quote:

Originally Posted by Alex
:1orglaugh :1orglaugh
You deserved it. Any mechanic can turn back the milege for a few hundred. Would have saved you 11k.

You must know some shady mechanics as that is highly illegal. Both the mechanic and I suspect the payee can land in quite a bit of trouble if caught.

Alex 01-07-2006 06:38 PM

Quote:

Originally Posted by Sly
You must know some shady mechanics as that is highly illegal. Both the mechanic and I suspect the payee can land in quite a bit of trouble if caught.

Like you really care. You would do the same thing if you knew it would save you 11k.

Dont try to tell me you wouldnt.

Sly 01-07-2006 07:07 PM

Quote:

Originally Posted by Alex
Like you really care. You would do the same thing if you knew it would save you 11k.

Dont try to tell me you wouldnt.

Like I really care about paying large fines and possibly seeing steel bars? Actually, yeh, I do care. And furthermore, the punishment has nothing to do with paying the bill. If I rack up a bill, I pay it. I guess you aren't the honest type?

I wouldn't rack up $11k in overages either. You can buy a new car with $11k. No offense pornguy, but what the fuck were you doing to rack up $11k in overages? That is just plain stupid.

broke 01-07-2006 07:26 PM

Quote:

Originally Posted by BV
Yep, technically you can deduct everything, gas maintenance all that shit as long as it's all used for business.

How much business do you do via car??? I left my PC to get a slurpee...

LOL


Quote:

Originally Posted by BV
Like when I bought my 50th Anniversary ZO6 Vette, 0% interest no money down for 5 years. Can't beat that. That's free money.

No -- that's throwing away money without paying interest on the money thrown away.

broke 01-07-2006 07:29 PM

Quote:

Originally Posted by Alex
Like you really care. You would do the same thing if you knew it would save you 11k.

Dont try to tell me you wouldnt.

Honestly -- it's never occurred to me.

I understand that there are people like you out there that would cut out my eyes for $.10, but that's not me and I'm not going to worry about it.

xcitecash 01-07-2006 07:30 PM

anyone who needs real advice on this hit me up
I spent 10 years running 20 dealerships finance depts......

now i do this shit ..........

Alex 01-07-2006 07:30 PM

Quote:

Originally Posted by broke
Honestly -- it's never occurred to me.

I understand that there are people like you out there that would cut out my eyes for $.10, but that's not me and I'm not going to worry about it.

Thats right. Go and compare $.10 to $10,000

:1orglaugh

broke 01-07-2006 07:36 PM

Quote:

Originally Posted by Alex
Thats right. Go and compare $.10 to $10,000

:1orglaugh

Oops -- did I get out of 'character'.... sorry.

Fact remains -- you're a cheat that would scam someone by rolling back an odometer, if it meant $10K in your pocket. I'm not.

Put that in your pipe and smoke it... SCAMMER.

Sly 01-07-2006 07:37 PM

Quote:

Originally Posted by Alex
Thats right. Go and compare $.10 to $10,000

:1orglaugh

I wouldn't risk going to jail for $10k anymore than I would risk going to jail for $0.10. Life must suck to think $10k is enough money to sell your soul.

pawsregd 01-07-2006 07:38 PM

Two words....write off :thumbsup

Alex 01-07-2006 07:44 PM

[QUOTE=Sly $10k is enough money to sell your soul.[/QUOTE]

:1orglaugh Are we talking about the same thing?
Rolling back some miles on the odometer. Not killing my dealship owner to avoid the fee.

broke 01-07-2006 07:46 PM

Is Alex affiliated with a program in any way???

"No -- we won't scam you while rolling back our odometers."



picassocash just got crossed of the list.

studiocritic 01-07-2006 07:49 PM

Quote:

Originally Posted by Alex
:1orglaugh Are we talking about the same thing?
Rolling back some miles on the odometer. Not killing my dealship owner to avoid the fee.

Alex needs all the cash he can get to cover that OSU-ND bet he didn't cover on. :thumbsup

$5 submissions 01-07-2006 07:55 PM

Another advantage re LEASING is you can WRITE OFF the expense on your taxes.

Sly 01-07-2006 07:56 PM

Here's a little information about Odometer Fraud for any of you interested:
http://www.laag.org/publications/odometerfraud.htm

I haven't found the exact punishments yet but it is a felony.

LlEeOo 01-07-2006 07:58 PM

always lease, trust me .

johnnyhey 01-07-2006 07:59 PM

Quote:

Originally Posted by chadglni
Leasing is retarded, yes you can deduct the full lease payment but when you buy you OWN THE FUCKING CAR! The only time you want to lease vs buy is when you plan on swapping cars every 3 years for as long as you live.

call me crazy, but i own a business and don't like driving a "beater" any longer :)


All times are GMT -7. The time now is 01:57 PM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
©2000-, AI Media Network Inc123