|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
13
|
14
|
15
|
16
|
17
|
18
|
19
|
20
|
21
|
22
|
23
|
24
|
25
|
26
|
27
|
28
|
29
|
30
|
|
|
|
|
|
95 registered members (CouchNapper, alhawk, coachg34, skoor, quickshot, mauvilla, 10mm, Sasquatch Lives, Camden86, Mike32, TensawRiver, chill, Squeaky, Richard Cranium, Fishhead706, BigA47, 3Gs, Okalona, Parker243, goodman_hunter, Bread, Atoler, BCLC, Luxfisher, TamaDrumhead, Mmiller, Shmoe, Big AL 76, 000buck, cdaddy14, CNC, Ten37, beetrapper, jake5050, icducks, Antelope08, hunterturf, Ant67, BrandonClark, Downwind, Gunpowder, Mansfield, fillmore, JustHunt, !shiloh!, Cynical, HURRICANE, Peach, Chaser357, MS_Hunter, sanderson, Ben2, XVIII, aucivil, Hunting15, aucountry, BPI, Chancetribe, Overland, Turkeyneck78, HoofNSpur, Bustinbeards, coldtrail, dawgdr, turfarmer, Morris, Remington270, Hoytdad10, 3006bullet, BobK, Scooter7, Mbrock, Rebelhunter_21, Canterberry, Gunner211, Aldecks1, GrandSlam, hippi, BamaRick, MikeP, Bruno, weatherby, brett.smith, 12 invisible),
950
guests, and 0
spiders. |
Key:
Admin,
Global Mod,
Mod
|
|
|
Re: Leasing a Vehicle
[Re: JDR4Bama]
#2372249
01/15/18 04:45 AM
01/15/18 04:45 AM
|
Joined: Nov 2015
Posts: 21,445 HSV AL
jmudler
Freak of Nature
|
Freak of Nature
Joined: Nov 2015
Posts: 21,445
HSV AL
|
If you cant afford to buy a new car outright in cash, then you should keep what you have or buy what you can afford.
Isaiah 5:20 Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter.
|
|
|
Re: Leasing a Vehicle
[Re: JDR4Bama]
#2372394
01/15/18 06:53 AM
01/15/18 06:53 AM
|
Joined: Nov 2003
Posts: 7,938 north Alabama
biglmbass
14 point
|
14 point
Joined: Nov 2003
Posts: 7,938
north Alabama
|
My wife will be the driver and has less than a 10 mile round trip to take both kids to school and herself to work, daily. Plenty of good & reliable used cars, probably at/under $5,000 would fill that role. That would be a much wiser use of your dollars.
The left lane is for the the purpose of moving the flow of traffic forward regardless of the speed limit. If your impeding the flow of traffic get your ass in the right lane. It's really that simple...
|
|
|
Re: Leasing a Vehicle
[Re: timbercruiser]
#2372421
01/15/18 07:11 AM
01/15/18 07:11 AM
|
Joined: Dec 2009
Posts: 9,375 Jasper, AL
joshm28
14 point
|
14 point
Joined: Dec 2009
Posts: 9,375
Jasper, AL
|
I've never heard someone that did one, say that a lease was a good idea. We are on our fifth leased vehicle. It works great for us and we have equity ($6k) in the one she is currently in. I've NEVER paid any money down either.
|
|
|
Re: Leasing a Vehicle
[Re: joshm28]
#2372438
01/15/18 07:17 AM
01/15/18 07:17 AM
|
Joined: Nov 2001
Posts: 2,725 Phenix City, Al.
DeerTracker
10 point
|
10 point
Joined: Nov 2001
Posts: 2,725
Phenix City, Al.
|
I worked with a guy who never bought anything and always leased . Got a new car every 3 years and swore this was the cheapest option for him. He said he would always have a car payment anyway and leasing(renting) did not bother him.
As for me and my house, we will serve the Lord.
|
|
|
Re: Leasing a Vehicle
[Re: joshm28]
#2372447
01/15/18 07:25 AM
01/15/18 07:25 AM
|
Joined: May 2012
Posts: 12,481 Pike County, AL
Fuzzy_Bunny
Booner
|
Booner
Joined: May 2012
Posts: 12,481
Pike County, AL
|
I've never heard someone that did one, say that a lease was a good idea. We are on our fifth leased vehicle. It works great for us and we have equity ($6k) in the one she is currently in. I've NEVER paid any money down either. How do you have equity? Are you saying if you turned the car in, they would cut you check for $6k?
|
|
|
Re: Leasing a Vehicle
[Re: DeerTracker]
#2372454
01/15/18 07:31 AM
01/15/18 07:31 AM
|
Joined: Nov 2011
Posts: 21,783 USA
Remington270
Freak of Nature
|
Freak of Nature
Joined: Nov 2011
Posts: 21,783
USA
|
He said he would always have a car payment anyway... If you've got this mindset, you've already been defeated...
|
|
|
Re: Leasing a Vehicle
[Re: Remington270]
#2372460
01/15/18 07:37 AM
01/15/18 07:37 AM
|
Joined: Dec 2009
Posts: 9,375 Jasper, AL
joshm28
14 point
|
14 point
Joined: Dec 2009
Posts: 9,375
Jasper, AL
|
He said he would always have a car payment anyway... If you've got this mindset, you've already been defeated... Absolutely not true. I own a small business and will always have car payments. I know several people that have a TON of money in the bank and they always have car payments.
|
|
|
Re: Leasing a Vehicle
[Re: JDR4Bama]
#2372490
01/15/18 08:06 AM
01/15/18 08:06 AM
|
Joined: Oct 2009
Posts: 5,693 Henry county
coldtrail
12 point
|
12 point
Joined: Oct 2009
Posts: 5,693
Henry county
|
I never thought leasing was a good idea. But with some dealers you can come out cheaper leasing than purchasing than you do buying out right.
"And the days that I keep my gratitude Higher than my expectations Well, I have really good days" Ray Wylie Hubbard
|
|
|
Re: Leasing a Vehicle
[Re: Fuzzy_Bunny]
#2372492
01/15/18 08:08 AM
01/15/18 08:08 AM
|
Joined: Dec 2001
Posts: 13,907 AL
hunterbuck
Booner
|
Booner
Joined: Dec 2001
Posts: 13,907
AL
|
I've never heard someone that did one, say that a lease was a good idea. We are on our fifth leased vehicle. It works great for us and we have equity ($6k) in the one she is currently in. I've NEVER paid any money down either. How do you have equity? Are you saying if you turned the car in, they would cut you check for $6k? I'd like to hear more on this concept as well. I can't think of a way you'd have equity in something you do not own, but maybe there's a way. I can see how the car company would, but not the lessee.
"You think I care? Roll Damn Tide"
Have you tried Google?
|
|
|
Re: Leasing a Vehicle
[Re: joshm28]
#2372527
01/15/18 08:45 AM
01/15/18 08:45 AM
|
Joined: Nov 2011
Posts: 21,783 USA
Remington270
Freak of Nature
|
Freak of Nature
Joined: Nov 2011
Posts: 21,783
USA
|
He said he would always have a car payment anyway... If you've got this mindset, you've already been defeated... Absolutely not true. I own a small business and will always have car payments. I know several people that have a TON of money in the bank and they always have car payments. But why? Driving a ton of miles? I certainly think that most people can drive a car longer than 5 years, especially if it's starting out new.
|
|
|
Re: Leasing a Vehicle
[Re: JDR4Bama]
#2372607
01/15/18 10:04 AM
01/15/18 10:04 AM
|
Joined: Oct 2000
Posts: 7,237 Lee County
RCHRR
14 point
|
14 point
Joined: Oct 2000
Posts: 7,237
Lee County
|
A lease is not a house and you can’t have “equity” in a vehicle. As soon as you drive it off of the lot it depreciates. Let us know how the real numbers worked out when your finished. Not how it looks on paper besides I bet you could straight out buy that vehicle cheaper at a car sale. You said list price. I’ve never paid list for a automobile.
Last edited by RCHRR; 01/15/18 10:09 AM.
|
|
|
Re: Leasing a Vehicle
[Re: hunterbuck]
#2372625
01/15/18 10:19 AM
01/15/18 10:19 AM
|
Joined: Dec 2009
Posts: 9,375 Jasper, AL
joshm28
14 point
|
14 point
Joined: Dec 2009
Posts: 9,375
Jasper, AL
|
I've never heard someone that did one, say that a lease was a good idea. We are on our fifth leased vehicle. It works great for us and we have equity ($6k) in the one she is currently in. I've NEVER paid any money down either. How do you have equity? Are you saying if you turned the car in, they would cut you check for $6k? I'd like to hear more on this concept as well. I can't think of a way you'd have equity in something you do not own, but maybe there's a way. I can see how the car company would, but not the lessee. So a lease is where you pay the difference between residual value at the end of the term and the negotiated sales price. So let's say I lease a car that cost $50k and at the end of the 3 year term the car will be worth $35k. With that I would pay the $15k over 3 years or 36 months. The residual value (35k) is the "payoff" at the end of the term. You could actually buy the car for that price. In most cases that value is based upon mileage on the vehicle (say 36k miles). So at the end of the 3 years that vehicle with 36k miles is worth $35k. In our case my wife only puts 6-8k miles/year so at the end of the term let's say we have 20k miles instead of 36k and the actual trade value on the car is $37k. In that instance you have $2k in equity as it's worth more than what is owed. So I take that vehicle to another dealership, instead of turning it in at the original dealership. We negotiate the new vehicle sales price and the trade in price on the old lease and they ask me do I want a check for the difference in trade value or do I want to apply to the new lease. I apply it to the new lease and do it all over again 3 years later. I've done this 5 times now and the equity keeps building. I started with ZERO down and back last December when we leased the last one I had right at $6k showed as a down payment. They were not hiding anything because I negotiated the sales price of the new one and the trade in value on the old one. It works for my application but may not for everyone.
|
|
|
Re: Leasing a Vehicle
[Re: jmudler]
#2373314
01/15/18 04:56 PM
01/15/18 04:56 PM
|
Joined: Jul 2017
Posts: 195 Northport, Alabama
ZS81
3 point
|
3 point
Joined: Jul 2017
Posts: 195
Northport, Alabama
|
If you cant afford to buy a new car outright in cash, then you should keep what you have or buy what you can afford. Spot on Mudler. I used to think a vehicle payment was just part of life, but finally wised up. It's an anchor. We haven't had a vehicle payment in years. Our vehicles are older, but safe and reliable. Sure I have to work on them from time to time, but it beats making that payment every month.
|
|
|
Re: Leasing a Vehicle
[Re: jmudler]
#2373516
01/15/18 10:32 PM
01/15/18 10:32 PM
|
Joined: Jun 2017
Posts: 6,327 Alabama
Jakethesnake
The Flippin’ Idiot That Could Care Less
|
The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 6,327
Alabama
|
If you cant afford to buy a new car outright in cash, then you should keep what you have or buy what you can afford. Like said before. If this was a mathematical problem then you would buy used. Why work just to pay for a car thats gonna be worthless by the time its paid off and interest and insurance. Hell naw. And the family....buy them a cell phone incase they break down. My wife drives an older car and keeps her pay check. We want to pay our SMALL house off and enjoy life with money in our pocket and own what we have. Thats the way i was raised though. If you really want a new car or lease car then i hope you find a good one. I wish u the best but i think its a really bad idea.
|
|
|
|