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Lease vs buy new vs used

Chalanachithram.com DB » New TF Industry Related » Archive through August 04, 2018 » Lease vs buy new vs used « Previous Next »
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Dhonifan
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Posted on Friday, August 03, 2018 - 06:12 pm:       

buy a new car or less than 10k miles car.

new car, go for prev year model
 

Harrytej
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Posted on Friday, August 03, 2018 - 02:02 pm:       

New Pilot meda up to 5-6k discounts ostayemo EXL and above
 

Harrytej
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Posted on Friday, August 03, 2018 - 02:00 pm:       

Leasing on high end cars pedda deal breaker Texas lo... appudappudu dealer gade kattukuntadu taxes... vere situations lo waste kada
 

Ramchander
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Posted on Friday, August 03, 2018 - 01:24 pm:       

Thanks brothers very helpful and valuable inputs..But very confused now :-)
May be pilot or highlander konnali used or new apr monthly payments compare chesukoni

Thakita_thakita:



Thakita_thakita:



Brother aa dealer usedcars kuda chusi pedthara or only lease aa..Easy unde naa brother dealing. Dealer degarki beram aadali ante elago untadhi aadu emo poker face etukoni emi cheyalemu annatu untadu
 

Ysr2009
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Posted on Friday, August 03, 2018 - 01:15 pm:       

Vishvak bhayya:

US ki Vacchina kotthalo brand new Honda accord silver konnaa.. Adi 10 days lo Total ayyindi.. Inko month aagi inko brand new Honda accord green konnaa..
 

Jaguar
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Posted on Friday, August 03, 2018 - 12:44 pm:       


Nepatriot:

if you want a luxurious car from a good brand and can tell difference between 250hp vs 350hp and enjoy driving.. car payment will be a minimum $800 and above if you buy it.. so better to lease it.. drive 3 years.. still want more then buy after lease..




Agree. But don't buy if residual is inflated....you may get a better deal in market for the same mileage car....
 

Lolakulu
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Posted on Friday, August 03, 2018 - 12:42 pm:       


Ferrari:

Buy a leased used car..




 

Vishvak
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Posted on Friday, August 03, 2018 - 11:59 am:       


Ysr2009:

Used car konaalante manasoppadu.. never had one


Even when you are new this country?

Vi veri universum vivus vici
 

Nepatriot
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Posted on Friday, August 03, 2018 - 11:54 am:       

bottomline,

if you need a car to go from A to B and don't care about horse power or any other features except a reliable one like Honda/ Toyota and plan to keep it for longer than 7 years.. buy it..

if you want a luxurious car from a good brand and can tell difference between 250hp vs 350hp and enjoy driving.. car payment will be a minimum $800 and above if you buy it.. so better to lease it.. drive 3 years.. still want more then buy after lease..

one more option, if you have lot of cash sitting in bank.. buying with cash is the best option any day.. you can negotiate close to invoice or less ..
 

Nepatriot
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Posted on Friday, August 03, 2018 - 11:44 am:       


Ramchander:




you can try selling it on craigslist (not for everyone though).. Dealer gave 10k repairs on my Lexus rx.. was worth only 6k even in good condition.. listed it explicitly as mechanic special on Craigslist.. sold in a week for 3.5k..
 

Shivavishnu
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Posted on Friday, August 03, 2018 - 11:20 am:       

I think buying 1 or 2 year old car under 30K miles from a dealer with an extended warranty (10 year or 100L miles) will work in most cases. You will save $10K on a $40K car.
Om Namah Shivaya.....Om Namo Narayanaaaya....
 

Jaguar
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Posted on Friday, August 03, 2018 - 11:18 am:       


Thakita_thakita:

leasehackr vadi soujanyam tho couple of months back INFINITI QX60 lease chesanu for $380 a month with ZERO down.10K per year.




Infinity kooda bane workout avuthundhi....but only problem is 39 months lease...

lease works better only when residuals are high and you get maximum discount on sale price....so, you need be a tough negotiator....Companies control residual values, Companies like BMW bump them at the year end to flush out inventory....

you need to wait....year end or sometimes Jan.
 

Ringo_rangaswamy
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Posted on Friday, August 03, 2018 - 11:17 am:       


Ramchander:

Edhi best antaru we drive less than 12k miles every year.





Dealer daggira 3-year lease (with single hand use) tharvaata vache vehicles with extended warranty is the best =

dont lose money on depreceiation
you know vehicle is handed well
extended warranty covers any issues

you may pay a little over the normal price but you can be assured you get good deal in the long run.

one of the guy I know got Acura MDX for 21K and fully happy
 

Boglehead
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Posted on Friday, August 03, 2018 - 11:08 am:       

Leasing makes the least sense in most cases (unless you can deduct it as business expense or you fancy a new car every few years).

Unlike buying (new or used), leasing involves factors that are irrelevant with buying.

1. Residual value at the end of lease term
2. Taxes
3. Limit on miles/year

In some states (eg: PA) You pay more (6+3 = 9%) on a leased vehicle. In others, you may tax on the negotiated MSRP, instead of the depreciation.

So, those who recommend leasing either do not know how leasing works, or they simply don't care because it's not their money, but they can offer advice anyway.
 

Thakita_thakita
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Posted on Friday, August 03, 2018 - 11:08 am:       


Jaguar:



leasehackr vadi soujanyam tho couple of months back INFINITI QX60 lease chesanu for $380 a month with ZERO down.10K per year.
 

Jaguar
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Posted on Friday, August 03, 2018 - 11:03 am:       


Ramchander:

What is leasehackr brother




https://leasehackr.com/

Wait for deals and lease it.....year end leases will be good... you can lease expensive cars for less...BMWs leases good.
 

Bobby
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Posted on Friday, August 03, 2018 - 11:01 am:       


Mamamiya786:

My friends bough used car in auction. One is happy . One is nt.




can we buy through auction, i thouhgt only dealer can do that one.

anyway it is just hit or miss when you go to auction.
 

Boglehead
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Posted on Friday, August 03, 2018 - 10:59 am:       


Ysr2009:




How do you think he made that money? Investing genius??
 

Mamamiya786
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Posted on Friday, August 03, 2018 - 10:53 am:       

complicated.

My friends bough used car in auction. One is happy . One is nt.

Brand new car, if you want to keep it for 7 to 10 years is always better. But you have to bear the burden.
My mdx 800 per mnth. Too expensive ..tappadu ..need one good car for family.
Second one is lease 170 Per months. for 2 years.. happy with it too....
Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt.

Jagan|Modi|
 

Gotcha
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Posted on Friday, August 03, 2018 - 10:44 am:       

my first one was used and all are new. i will be buying new cars only never ever a used one.
...
 

Ramchander
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Posted on Friday, August 03, 2018 - 10:36 am:       


Moviebuff001:

So, we bought a minivan for 28K in 2009. On loan as the apr was 1%.
9 years later it is worth 8-9K. 20K over 9 years gets to 185 per month lease rate. If that is the cost of a new lease, I would go with leasing. But I also put on close to 17K miles a year. Most leases charge 10 to 20 cents per mile over 10K or 12K. 10 cents for 7K will add another 700 over a year in addition to the lease rate.
So, you have to do the math and figure it out for yourself. In my case, buying is better.


Makes sense brother. Thanks for your valuable inputs :-)
 

Ramchander
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Posted on Friday, August 03, 2018 - 10:34 am:       


Nepatriot:

Doing some more research recently as I need another car.. I am going to go lease.. Payments are more affordable.. almost $350 difference in lease vs buy..I did same with my Odyssey leased, liked it and then bought..

Also if car price is more than 30k .. monthly is more than $500 even on a 6 year loan..you could get same car for $300 on lease.. if you planning to buy a home or investment property in future , mortgage brokers first look at your monthly payments..

Using leasehackr and also planning to go with a lease broker..


Thank you very much brother. I am actually planning to trade-in my car. It has history of accident and not sure how many people will be willing to buy. What is leasehackr brother? Never heard about it.
 

Nepatriot
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Posted on Friday, August 03, 2018 - 10:34 am:       

After 6 cars of used vs new .. I strongly advise against used.. they will be more expensive over long term than a new car.. wouldn’t even buy Certfied or even loaner cars with less than 5k miles on it..
 

Moviebuff001
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Posted on Friday, August 03, 2018 - 10:30 am:       

So, we bought a minivan for 28K in 2009. On loan as the apr was 1%.
9 years later it is worth 8-9K. 20K over 9 years gets to 185 per month lease rate. If that is the cost of a new lease, I would go with leasing. But I also put on close to 17K miles a year. Most leases charge 10 to 20 cents per mile over 10K or 12K. 10 cents for 7K will add another 700 over a year in addition to the lease rate.
So, you have to do the math and figure it out for yourself. In my case, buying is better.
 

Nepatriot
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Posted on Friday, August 03, 2018 - 10:29 am:       


Ysr2009:



He’s too opinionated..


Ramchander:




Doing some more research recently as I need another car.. I am going to go lease.. Payments are more affordable.. almost $350 difference in lease vs buy..I did same with my Odyssey leased, liked it and then bought..

Also if car price is more than 30k .. monthly is more than $500 even on a 6 year loan..you could get same car for $300 on lease.. if you planning to buy a home or investment property in future , mortgage brokers first look at your monthly payments..

Using leasehackr and also planning to go with a lease broker..
 

Ysr2009
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Posted on Friday, August 03, 2018 - 10:20 am:       

>> he never done anything by hinself..

His networth is $60mil
 

Andhrawala
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Posted on Friday, August 03, 2018 - 10:16 am:       

Lease will not be cheaper anyday as Leasing is business and he wont run in losses
No Signature
 

Vijayy
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Posted on Friday, August 03, 2018 - 10:14 am:       

If practical lease EVs
 

Rudra
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Posted on Friday, August 03, 2018 - 10:13 am:       


Ysr2009:

rom financial diva Dave Ramsey: If you can't pay cash for a car, then ride a bicycle. But don't lease a car.




hahahah Financial Diva kikiki

Started real estate business , got bankrupt ans started giving tips to people on how to save .. thats his business making money advising people how to run business and how to save ..

he never done anything by hinself..
 

Ramchander
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Posted on Friday, August 03, 2018 - 10:11 am:       


Raptors:

if you want to buy it...Aug/Sep is best time...all 2018 models need to be sold and 2019 models are coming in...Dec end deal ayithey you will get the best deal at least 6-7k off...they need to sell it...end of year


Thanks brother..Will do some research and see if anyone is offering better deal, I will pull the trigger now or will wait till end of the year

Single star esina brother emina kopam vochi unte I am sorry.
 

Ramchander
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Posted on Friday, August 03, 2018 - 10:06 am:       


Enigmatic:

are you looking for v8 mustang because that will be expensive. GT or cobra will also be expensive. they have a ecoboost which is a turbo v4 i think. expand you search area to 100 miles.
https://www.cars.com/vehicledetail/detail/737062386/overview /


ledhu brother ecboost premium aneis thinking depends on first naa 7 seater set avvali
 

Ysr2009
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Posted on Friday, August 03, 2018 - 10:03 am:       

Used car konaalante manasoppadu.. never had one
 

Raptors
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Posted on Friday, August 03, 2018 - 10:02 am:       

if you want to buy it...Aug/Sep is best time...all 2018 models need to be sold and 2019 models are coming in...Dec end deal ayithey you will get the best deal at least 6-7k off...they need to sell it...end of year
WE THE NORTH
 

King
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Posted on Friday, August 03, 2018 - 10:02 am:       


Njblue:

Not all cars/models will have this benefit kada, it varies



you may pay few grand more upfront but also you will be getting brand new. My statement applies mostly to desi economy cars but not luxury/european.
 

Gotcha
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Posted on Friday, August 03, 2018 - 10:01 am:       

if u plan to hold ur car for more than 5 year buy it, if just 3 years lease it.
...
 

Njblue
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Posted on Friday, August 03, 2018 - 09:59 am:       


King:

no point in buying 2-3 old used cars when you factor in deals and 0% interest for new cars.




Not all cars/models will have this benefit kada, it varies
 

Enigmatic
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Posted on Friday, August 03, 2018 - 09:59 am:       


Ramchander:



are you looking for v8 mustang because that will be expensive. GT or cobra will also be expensive. they have a ecoboost which is a turbo v4 i think. expand you search area to 100 miles.
https://www.cars.com/vehicledetail/detail/737062386/overview /
 

Raptors
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Posted on Friday, August 03, 2018 - 09:58 am:       


Ramchander:

Idhe ayindhi brother


same here..financed second car...accident ayyindi...ippuddu in future ammalantey value will be less
WE THE NORTH
 

King
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Posted on Friday, August 03, 2018 - 09:57 am:       

no point in buying 2-3 old used cars when you factor in deals and 0% interest for new cars.
 

Ramchander
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Posted on Friday, August 03, 2018 - 09:56 am:       


Raptors:

dis adv: if car is involved in accident...market value will come down..selling/trade in value will be less


Idhe ayindhi brother :-(
 

Ramchander
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Posted on Friday, August 03, 2018 - 09:54 am:       


Starc:

2 years old car: you pay less amount. Less taxes. Comparatively new tech


Pagilipotundhi brother idhi kuda. 30k plus untundhi
 

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Posted on Friday, August 03, 2018 - 09:54 am:       


Njblue:

if you want to keep long enough buy a 2-3 year old used car.




2-3 year old good cars dorakatam kashtam, all you get is cars sold by rental companies which will have 50-60K mileage. It will take real good time to search for a good used card which is 2-3 years old and less mileage.

More over sometimes, new car price with all deals will be less than certified used cars from dealer.
Mahanati Audio Review
 

Raptors
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Posted on Friday, August 03, 2018 - 09:54 am:       

Lease:
Adv:you can lease new car for 3-4 yrs, get rid of it and go for new one if you want to change cars every 3/4 yrs, this is best option for ppl who want to try new ones...most important one is if vehicle is involved in accident...hassle free to get rid of it after lease period

dis adv : limited miles...lease rates could be high, vehicle will not be yours unless you buy out after lease period

buy/finance:

adv: you will have satisfaction that you own the car...you may get more negotiation if you are serious about the deal...unlimited miles

dis adv: if car is involved in accident...market value will come down..selling/trade in value will be less
WE THE NORTH
 

Enigmatic
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Posted on Friday, August 03, 2018 - 09:52 am:       

1-3 old low mileage used car with remaining warranty. certified ayithe even better.you will get extended warranty. kottadi ayithe kadu but someone else will have paid the new car premium.
 

Ramchander
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Posted on Friday, August 03, 2018 - 09:51 am:       


Ysr2009:

From financial diva Dave Ramsey: If you can't pay cash for a car, then ride a bicycle. But don't lease a car.


 

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Posted on Friday, August 03, 2018 - 09:50 am:       

No for new car. Yes for 2years old car. Lease if u want to change car.

2 years old car: you pay less amount. Less taxes. Comparatively new tech
 

Ramchander
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Posted on Friday, August 03, 2018 - 09:50 am:       


Njblue:

Leasing works ONLY if you want to change the cars for every 2-3 years, if you want to keep long enough buy a 2-3 year old used car


Oh ok brother..used cars expensive unnayi brother especially pilot and highlander.
 

Ramchander
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Posted on Friday, August 03, 2018 - 09:49 am:       


Njblue:

Enta car?


Mustang brother :-(
 

Njblue
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Posted on Friday, August 03, 2018 - 09:48 am:       

Leasing works ONLY if you want to change the cars for every 2-3 years, if you want to keep long enough buy a 2-3 year old used car.
 

Njblue
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Posted on Friday, August 03, 2018 - 09:47 am:       


Ramchander:

Presthuthaniki naa dream car on hold




Enta car?
 

Ysr2009
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Posted on Friday, August 03, 2018 - 09:46 am:       

From financial diva Dave Ramsey: If you can't pay cash for a car, then ride a bicycle. But don't lease a car.
 

Ramchander
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Posted on Friday, August 03, 2018 - 09:44 am:       

Thank you brothers :-)
 

Ferrari
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Posted on Friday, August 03, 2018 - 09:43 am:       

Buy a leased used car..
 

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Posted on Friday, August 03, 2018 - 09:41 am:       

Lease it. No point in absolute ownership of cars anymore.
This world appearance is a confusion: even as the blueness of the sky is an optical illusion. I think it is better not to let the mind dwell on it, but to ignore it.
 

Ysr2009
Side Hero
Username: Ysr2009

Post Number: 6577
Registered: 03-2014
Posted From: 129.135.1.217

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Posted on Friday, August 03, 2018 - 09:41 am:       

https://www.daveramsey.com/askdave/automobiles/10367
 

Ramchander
Junior Artist
Username: Ramchander

Post Number: 245
Registered: 02-2018
Posted From: 73.13.117.11

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Votes: 1 (Vote!)

Posted on Friday, August 03, 2018 - 09:34 am:       

Brothers sorry illanti discussions mundhu kuda jarigayi kaani still doubts naaku :-( . Edhi best antaru we drive less than 12k miles every year. Kotha car konte value padipotundhi paatadhi emo kotha vaati laa expensive. Naa lanti car knowledge leni valaki helpful autadhi. 7 seater used chusthunanu kaani ekuvane undhi. Honda toyota daati veladam ledhu..mainly honda pilot with honda sensing chusthunanu. Presthuthaniki naa dream car on hold :-(

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