Lease vs Finance Car

[Anonymous No.24525624]

Alright. So I just graduated from college and I am about to start making decent money for once in my godamn pathetic life. And the first thing I need to do is definitely buy a car. The one I currently have will probably not even last another six months. So I'm gonna go ahead and ask the age-old ultimate question. Finance vs Lease?

[Anonymous No.24525651]

>>24525624
Buy a used car for $4000.

[Anonymous No.24525672]

>>24525651
This like a million times

[Anonymous No.24525680]

>>24525651
that's what I did for the car I currently own and it did not turn out so well.

[Anonymous No.24525699]

>>24525651
/thread

I picked up a 2002 jag in january for $1000 and it only took another $750 to get running and street legal, including everything at the DMV.

[Anonymous No.24525730]

>>24525680
You bought American, didn't you? My 2009 Nissan's been going strong for four years and I paid $4500.

[Anonymous No.24525736]

>>24525680
If you have a bad meal, you'll never eat out again?

[Anonymous No.24525740]

>>24525651
This. Anon, you don't need a brand new car, but you don't need to buy a total piece of shit either. The cost you save by buying used is significant, and that extra cash can go towards better things.

[Anonymous No.24525744]

>>24525680

I bought a car for 700 usd or smth and I’ve probably spent 800-900 usd maintaining it over 4 years.

If you can find a decent used take it. Know what to look for.

Cars are a liability full stop, leasing/financing is a liability 2x

[Anonymous No.24525750]

>>24525624
get a second hand beater, don’t waste money for liabilities

[Anonymous No.24525755]

>>24525624
>you're monthly payment
opinion discarded

[Anonymous No.24525761]

>buy a VW diesel
>drive it until you hit 500k miles
>keep driving in apocalyptic wasteland

[Anonymous No.24525788]

>>24525730
no, I got civic. to be honest my car is still functioning but I just feel like I deserve a better one. I worked so hard in school I deserve a little bit of a better car

[Anonymous No.24525799]

>>24525624
Certified pre-owned, about 3 years old is really the most based option. The payments are affordable, the car is new enough, and zero maintenance. You can usually buy an extended warranty, which covers fucking everything for a relatively minimal cost.
Sucks, but most people just don't do the math.

[Anonymous No.24525881]

>>24525788
you deserve nothing.

[Anonymous No.24526004]

>>24525799
hmm I'm going to look into this

[Anonymous No.24526023]

>>24525881
Based. You are going to make it, fren

[Anonymous No.24526027]

>>24525788
>I worked so hard in school
Do you fucking think that means the slightest bit of shit in the world? How about a fucking rice good who spent the last 1000 lives bending over in snake invested mosquito larvae pools planting one of the most dogshit crops in the history of the world so he could get the PLEASURE of going home to his retarded dog faced wife. DID YOU WORK THAT HARD? NO. And even if you did would it give you the right to be a fucking retard and finance a fucking car?

[Anonymous No.24526040]

>>24525788
>if you work hard, you get more
That's not how things work. KYS retard.

[Anonymous No.24526099]

>>24526027
>>24526040
I bet these people can't afford a car

[Anonymous No.24526116]

>>24525624
Save and buy, you FUCKING NIGGER.

[Anonymous No.24526129]

>>24526099
>afford a car
Can you?

[Anonymous No.24526147]

>>24525788
>worked so hard
>feel like I deserve
ngmi

[Anonymous No.24526244]

>>24526099
Doesn't sound like you can afford a car if you have to finance or lease

[Anonymous No.24526254]

>>24525788
>but I just feel like I deserve a better one. I worked so hard in school I deserve a little bit of a better car
NGMI with that attitude.

[Anonymous No.24526260]

>>24525788
i get where you're coming from op. cars are a lottery. you get good ones and bad ones. ever heard of a 'friday ford'? it's just luck really, other than the obvious. not what you want to hear but the guys saying cheap japanese are right. buy cheap, if it's shit then rinse and repeat. if you want a dick extension then just do that and stay poor.

[Anonymous No.24526272]

>>24526099
Literal jobless niggers can "afford" to lease/finance a car. Imagine paying hundreds of dollars a month for something you spend a couple hours in a day at most.

[Anonymous No.24526312]

Buy a reliable used car. My preference is $10,000 or less that is 5 years or newer and run that mother fucker into the ground.

[Anonymous No.24526372]

>>24525624
Don't. Live frugally, buy real estate, get rich.
When you're 60 buy a helicopter. Problem solved.

[Anonymous No.24526395]

Absolute cheapest option is to buy a car used, drive it gently and later sell it for almost the same amount.

If you are insisting on getting a new car, always lease over finance. Always.

There's a reason everyone who works in the industry leases instead of buys new cars.

[Anonymous No.24526452]

tfw financing a new car in 2014 and fully paid by shitcoin profits in 2017

[Anonymous No.24526538]

>>24526004
I love these little moments on /biz/ where I give someone a tip that will probably dramatically change their life. Benefits of a car about 3 years old are,
50-60% of MSRP
Still essentially brand new, so long as they changed the oil literally like fucking three times
100% in style, modern, so you get the respect of having a "new" car WHICH MATTERS WHEN PULLING UP TO A JOB INTERVIEW ETC
They're usually under warranty and if not, this is why you're buying certified pre owned from the dealership.. usually, it's only like $1000-$1500 extra to take you up to like, 100,000 miles.
Just show up with that $4000 some Anon said above, and your monthly payments won't be killer, and your entire life will change because you're no longer concerned with the fear of breaking down randomly etc.
Cars are just like houses and women, don't get them when they're too young, don't get them when they're too old and you'll be happy. They're all meant to be enjoyed.
You only have one life Anon. Invest in yourself.

[Anonymous No.24526620]

>>24525788
And in your OP you said "will probably not even last another six month". Bullshit. You're just a consoomer.

Go and finance yourself a nice luxury car right out of school boy, you deserve to treat yourself. Do it, I dare you.

[Anonymous No.24526708]

>>24525624
Thats like asking piss soup vs poo poo sandwich. Buy used, either outright or via a cheap personal loan.

[Anonymous No.24526794]

>>24525788
you don't deserve anything, work harder faggot. Also buying a new car will be the worst financial decision of your life and unless cars are your life you're better off sticking with your honda shitbox because you need to be making >$250k to even consider a higher end car

[Anonymous No.24526797]

>>24526027
Based JOCKO poster is correct. You only think you're hard, OP. You descended from people who chased mammoths and murdered them SO THEY DIDNT STARVE TO DEATH.

[Anonymous No.24526808]

>>24525680
Finance. Under very specific circumstances is leasing preferable, so finance.
Look into certified used cars (honda is my go-to), accumulate the biggest down payment you can and the shortest term financing, avoid any extra stuff except maybe the expanded warranty, it is a crap shoot if it is worth it or not. Look for a 3-4 year old car with low mileage ~35k. Expect to trade it in in about 6 years. Did this for the third time this year. Financing was 1%, trade in was 5k, down was 6, remainder was 8.

[Anonymous No.24526822]

>>24525788
You DONT DESERVE ANYTHING BUT TO DIE BLEEDING OUT FACE DOWN IN THE DIRT. Everything other than that you have to fight for.

[Anonymous No.24526843]

What was your guys net worth before buying your first car? I really want one but they're at an all time high and I don't have consistent income because of school.

[Anonymous No.24526904]

>>24525624
What kind of car exactly do you have now? Year, make, model. Automatic or manual transmission? Engine size? Old Hondas (at least the 4 cylinder ones) are very easy to work on. Learn some hands on skills, prettyboy.

[Anonymous No.24526968]

>>24525624
Almost always cheaper to fix what you have. Bad idea to start spending as soon as you get a raise.

That being said, my preference is lease, IF you get a good deal. The bank has a better idea of what the car will be worth in 36mo than you do, and if they are wrong they will be the ones holding the bag not you.

Whatever you do don't get financing that will lead to you being upside down and out of warranty.

Used doesn't seem like a good deal right now.

[Anonymous No.24526993]

>>24526808
>>24526538
Guess I should have read the tread. Hivemind. This.

[Anonymous No.24527020]

>>24525788
>>24526099
come on, OP, why are you expecting these people to help you? Ofc you deserve a good car. What is your income going to be? A car will not reduce it by much. A bigger investment that requires more thought is the home rental. Anyone who spends less than half of income on rent is just putting themselves in a poorfag mentality for the rest of their lives. You need to taste the life if you want to be motivated to succeed in it.

[Anonymous No.24527041]

Dont buy a truck right now, holy shit they are overvalued.

[Anonymous No.24527078]

>>24525788
I missed this. Your car is easy as shit to work on you lazy nigger. How many miles?

[Anonymous No.24527106]

>>24525799
This is the best advice in the thread. Yeah, a $2k civic in cash is nice, but having to potentially go to the mechanic all the fucking time is awful if you work full time. This advice is a perfect compromise.

[Anonymous No.24527139]

>>24525788
you deserve ngmi

[Anonymous No.24527182]

>>24525799
>buying an extended warranty on a vehicle
Jesus christ don't listen to this fucking tard unless you like paying for nothing.

[Anonymous No.24527219]

>>24527182
If its directly from the manufacturer then why not?

[Anonymous No.24527226]

I have the same question anon. The car costs $21K, and I plan on making a $10K down payment. Is this a good idea anons?

[Anonymous No.24527308]

Used cars are up 16.9% this year to all time highs, Pickups and Luxury cars are the big sellers, might be a better deal to lease until prices settle.

[Anonymous No.24527341]

>>24527308
Forgot to link source:
https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html

[Anonymous No.24527395]

>>24525624
buy a used car you fucking rat. why go buy an immediately depreciating asset for tens of thousands. there's all kinds of cars for a few grand sub 60k miles and run fine. they look great
t. 93 honda hatchback that i've driven since 2016 for 60k miles so far (started at 60k now approaching 120k).

[Anonymous No.24527413]

lease doesnt make any sense, financing a new car doesnt make any sense. buy a used car that isnt a complete shitbox for like 5-10k max

[Anonymous No.24527467]

>>24527182
Depends, if a rodent chews thru your wiring harness, then yeah, it's worth it. (happened to my last car)
>>24527226
Can you easily afford the payments in a short period of time? Then yes, if not, no.

[Anonymous No.24527490]

>>24526843
I had 60k in the bank. Bought a certified pre-owned 2 year old luxury car for 20k cash, paid in full with a check, one and only payment.

[Anonymous No.24527599]

>>24527226
On paper no, you can get cheap financing. But if you're asking this question, probably.


>>24527308
Exactly

[Anonymous No.24527637]

>>24527413
Leasing makes sense if you want to drive a specific expensive car for a short period of time. Ie, you already have good income. It requires planning, knowledge of the market (when models rotate/go on sale/manufacturers rebates), and negotiation skills.

[Anonymous No.24527754]

>>24525680
>>24525651
>>24525730
I have a cheby Cobalt I bought for $3k at 160k miles 5 years ago and that shit still runs perfectly fine at almost 200k.

[Anonymous No.24527907]

>>24525624
Just buy another used car and baby the shit out of it retard. Anyone who finances for a depreciating asset is a complete dipshit. I'm a mechanic, let me tell you, the people who need
>A RELIABLE VEHICLE
Will never ever ever ever own one. Every vehicle is reliable up to 200k miles if it's given proper preventative maintenance. You can literally learn about this shit for free on youtube.
A can of sea foam and a new undercoating of rubber paint goes a long fucking way.

buy a 150K mile sedan for 4 grand. You've got another 50k miles on it easily.

Or you could buy a brand new sedan for 25 grand like a retard (with interest going to Mr. Shekleburg) and sell it like a retard as soon as you own it at 150,000 miles.

Math,
50000/4000 =12.5 miles to the dollar
150000/25000 = 6 miles to the dollar.

>muh cost of repairs.
Nigger go to a do it yourself auto shop and learn it you faggot. New cars need maintenance as well, just as much in fact.

[Anonymous No.24527936]

>>24527754
>Chevy Cobalt
>200k miles
RARE

[Anonymous No.24528040]

>>24526843
At 16? Less than the car. As an adult I went about 1 year without a car, had about 20K in savings and spent $3,250 on a ford focus, and I've been driving it since for the past 4.5 years. Put about 10k miles a year on it. Nice little car for sure, great mileage, cheap as fuck insurance.

Net worth is currently 80k. I can now move up to a $4000 car right? That's 5% of my net worth.

[Anonymous No.24528207]

>>24525651
I bought a 2004 Dodge Dakota for $7,500. Only had 4k miles on it.

[Anonymous No.24528248]

>>24525624
the jew fears the bicycle rider

[Anonymous No.24528337]

>>24525788
you are either a woman or a faggot

[Anonymous No.24528423]

>>24527936
I mean, only 193 so maybe it shits itself before the mythical 200k but I have zero issues besides a busted emissions system.

[Anonymous No.24528479]

>>24527490
>>24528040
Sounds similar to my situation. I'm 20 with about 40k liquid. I've went so long by just picking rides up with girls/friends but now I feel like I actually need one. I was just curious because most of my friends have less than 10k but are driving nice cars lol

[Anonymous No.24528512]

>>24525624
FUCK OFF MY BOARD NORMIE. FUCK OUT OF HERE. IM NOT IN THE NOODLE

[Anonymous No.24528602]

>>24528423
Damn good stuff, fren. You're doing a lot better for yourself than niggerfaggot OP who bitched out of this thread.

[Anonymous No.24528651]

>>24525651
/thread

even if you buy a nice car for $2000 that needs work, you could put $2000 in repairs onto it and that shit will last you many years. The important part is DONT BUY CRAP. Find a GOOD mechanic who will tell you about what a car needs, find a used car that passes your visual inspection (little to no rust, no obvious problems), then bring it to him and ask how much money you'd need to fix it up. Then either buy it and fix it or repeat until you find a good deal.

Fuck used car jews and fuck dealerships.

[Anonymous No.24528824]

>>24526027
Based. Absolutely

[Anonymous No.24528867]

>>24526843
Do you actually think cars are going to get cheaper? They're always going to be at an all time high, retard