PebHmong Discussion Forum

General Category => General Discussion => Topic started by: hmgROCK on May 12, 2020, 02:45:12 PM

Title: Whats the difference between BUYING and LEASE a car???
Post by: hmgROCK on May 12, 2020, 02:45:12 PM
I never lease before
What happen when you reach your 2 or 3 years

Do you get to keep the car??? For free???
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: hmgROCK on May 12, 2020, 02:49:25 PM
Why you have to $3k down on a lease if it just renting

HERTZ

you just do a deposit
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: ProudLao on May 12, 2020, 03:05:10 PM
Once your leasing contract is over, you have two option. You can return the car or you can buy the car and payoff the difference or take a loan out on it.
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: hmgROCK on May 12, 2020, 03:08:17 PM
Once your leasing contract is over, you have two option. You can return the car or you can buy the car and payoff the difference or take a loan out on it.

How much is the difference?

If its

$18k total buy
and
$18k total leash than buy

They both the same price

Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: ProudLao on May 12, 2020, 04:42:12 PM
Leasing goes by number of years. Typically 3-5 years. The reason some prefer leasing is because there’s no down payment required and monthly payments are low. So, if you’re leasing a 18K car, and your payment is $200 a month. And you’re only leasing for three years, your balance for payoff would be $10,800.
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: Reporter on May 12, 2020, 04:42:34 PM
Many people prefer leasing because in 2 to 3 years, those who have bought their cars usually want to buy new ones anyway.

Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: ProudLao on May 12, 2020, 04:47:32 PM
Many people prefer leasing because in 2 to 3 years, those who have bought their cars usually want to buy new ones anyway.

Yup, majority of drivers wants something new every three years per survey I read a few years ago.

I never leased,  prefer to buy and keep for a long time if it’s over $5000.
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: ProudLao on May 12, 2020, 04:49:57 PM
I used to buy older Honda models and exchange it every few years lol
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: DuMa on May 12, 2020, 05:45:44 PM
Leasing is a game that is well played by those who knows and if it fits your lifestyle.

You like fancy?  Go the leasing route.  60K car lease and keep it under 10k a year mileage to avoid penalty and in 3 years, the dealer will call you to see if you want go with a newer model.  Like my friend who is a fan of the merz sl500, he goes the leasing route.  He looks rich but the guy is not rich at all.  He just knows how to play rich.  After 3 years, why would you want to be seen in an older model car?  He gets himself another sl500 and go on another 3 years worth of leasing.  In this way, he doesn't have to worry about the car breaking down on him and big bills to fix it.  He doesn't need to own a car cuz the selling to find a buyer sux donkey balls. 

Dealer takes your 3 years old car and sell it back on his lot as used. 
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: Reporter on May 12, 2020, 06:10:59 PM
Me, too. I like to keep my cars.

Yup, majority of drivers wants something new every three years per survey I read a few years ago.

I never leased,  prefer to buy and keep for a long time if it’s over $5000.
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: hmgROCK on May 12, 2020, 06:46:00 PM
how much after the 3 year? if you decided to keep it?
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: DuMa on May 12, 2020, 07:11:15 PM
how much after the 3 year? if you decided to keep it?

For you, you need to buys a piece of chit car.

After the 3rd year, you can buy the car at the market value pricing.  So get yourself a car that will lose the most value. 

Or you can buy theking taco   :2funny:
Title: Re: Whats the difference between BUYING and LEASE a car???
Post by: hmgROCK on May 12, 2020, 07:28:47 PM
Lol. Dayme

They always get their money at the end