Re-leasing my 05 Pilot

Discussion in 'Pilot' started by Larry in AZ, Dec 30, 2007.

  1. Larry in AZ

    Jeff Guest

    No, it's not.

    The costs are merely distributed differently--and, in most cases,
    completely hidden from the gullible guy who WANTS to believe that it's

    Try again.



    It can be better to lease than to buy. Usually, it isn't. For me, I
    would never lease, because I keep my cars longer than 4 years and I tend
    to put on too many miles.

    The bottom line is that when purchase or lease a car, you need to read
    and understand the fine print in the contract, understand what things
    are not in the contract (e.g., things that are in the leasing and
    finance laws), do comparison shopping and carefully compare the cost of
    leasing vs. buying a particular vehicle with the tools that are all over
    the internet, like in (You also should compare the
    price of buying the car and getting a higher rebate vs. buying the car
    with a lower rebate, but getting a low-interest rate loan.)

    And regardless of what you are doing, you really need to make sure you
    understand *all* the terms in the contract, run the numbers through
    calculators. you need to find all the rebates for which you are
    eligible, In other words, be an informed consumer.

    But, there are times when leasing is cheaper than buying, though rarely.

    Finally, I would add, if you already have a car, there are usually three
    transactions: 1) buying a new car, 2) financing the car (leasing is one
    way to finance the car), 3) selling the old car. Keep the three
    transactions separate, so you can understand what is happening and be
    able to use all your options (like bank or credit union financing rather
    than dealer financing, which can be more or less expensive). Otherwise,
    the car salesperson can really take advantage of you.

    Jeff, Jan 1, 2008
  2. "Tony Hwang" wrote
    What a novel idea!

    Howard Lester, Jan 1, 2008
  3. not sure why you guys have a bone to pick with leasing... A simple
    amortization table will show that as long as you get a good price on the
    vehicle, and a good interest rate, it is simply a longer term loan which
    allow for a lower payment and higher cash flow.

    Since I plan to keep the vehicle til the wheels run off of it, and that will
    probably be in 10-12 years or more, I don't see a problem here.

    If ownership is a big deal to you, then don't lease!

    If it was a Cobalt or a Caliber, things would be different because one only
    plans to keep one of these cars on the road for 4-6 years.

    loewent via, Jan 1, 2008
  4. Larry in AZ

    Larry in AZ Guest

    It's not always about whether or not it's cheaper, which seems to be the
    hangup of the nym-monkey idiot here.

    It's often about other things such as how the vechicle is used, how much it's
    used, and the particular tax position of the individual.
    Larry in AZ, Jan 1, 2008
  5. It's not always about whether or not it's cheaper, which seems to be the
    hangup of the nym-monkey idiot here.[/QUOTE]

    No, it's whether or not you can achieve the same goals without
    frivolously giving your money to someone else.
    Elmo P. Shagnasty, Jan 1, 2008

  6. Very un-American I say!

    A true patriot should have at least two sets of car payments!


    (Whose last car payment was in 1962...)
    Grumpy AuContraire, Jan 2, 2008
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