the12vman
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- Joined
- May 31, 2008
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Excellent. Thanks.
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of course, you drove almost 20k miles a year. which might be onerous on a lease...so this begs another question - i paid $64k for my car plus all the maintenance outlined in this thread - not obvious that buying and owning makes sense.
$70k after taxes plus approx $15k in maintenance is $85k over 6 years is 1100 a month basically. i cld have driven a new car for 6 years - zero in maintenance.
not really - the overage on lease mileage isnt that bad...of course, you drove almost 20k miles a year. which might be onerous on a lease...
Maybe I just don’t know anything about leases because I always buy but aren’t there significant up front costs (like $3500 +) at lease signing? Plus 5k miles overage per year at .30 a mile = $4500 on a three year lease. Plus a “disposition fee” at lease end tbd by LR. Plus “excess use and wear” fees (possibly given the miles).not really - the overage on lease mileage isnt that bad...
Yeah, my thought has always been that leasing is convenient (luxurious) and borderline expensive, and buying generally costs less. This is assuming that you keep the car for 5-6 years. if you are selling cars you bought new after 4 or less years it might be a wash. Generally speaking, rule of thumb, whatever. The value you are getting when leasing is the feeling of new car ownership, and the ease and convenience of not dealing with maintenance or selling. And that IS a value, but you are paying for it. to be More convenient, More luxurious, more hassle free, AND cheaper, seems impossible.yep im not an expert either - prob a wash as their are very few free lunches in life
Maybe I just don’t know anything about leases because I always buy but aren’t there significant up front costs (like $3500 +) at lease signing?