Leasing vs buying - Page 3

Homeslice · 01-04-2011, 12:31 PM

And screw full coverage for any car worth less than $5K........IMO

Homeslice · 01-04-2011, 12:36 PM

Quote:

Originally Posted by OneSickPsycho

HOWEVER, at the end of the lease I will only owe approximately 2/3 of the trucks value if I do decide to buy it, leaving me in good shape if I decide to sell it later...

2/3 of the original asking price?

Seems to me that most vehicles will be worth less than 2/3 after 5 years. I would say most vehicles drop to 2/3 after only 3-4 years.

Porkchop · 01-04-2011, 02:41 PM

Quote:

Originally Posted by Homeslice

And screw full coverage for any car worth less than $5K........IMO

Ya I know. I almost didn't do full for the next 6 months, but I did. If I have to replace the tranny, the full coverage is gone.

I have a lot more people to reply to, but doing it on the phone is kinda hard.

pauldun170 · 01-04-2011, 03:29 PM

Generally speaking, the best option is to buy AL\Tiggers Bonneville, immediately sell it for market value and then use the proceeds towards the purchase of a 2-4 year old second hand car and drive it 10 years.

OneSickPsycho · 01-04-2011, 03:55 PM

Quote:

Originally Posted by Homeslice

2/3 of the original asking price?

Seems to me that most vehicles will be worth less than 2/3 after 5 years. I would say most vehicles drop to 2/3 after only 3-4 years.

No, not the original asking price, the current value. In other words, the truck will be worth somewhere around $17k and I will owe somewhere around $11k. That's based on current value of the same truck only a couple of years older (and my lease runs out in a couple of years)...

tallywacker · 01-04-2011, 03:56 PM

Tsunami · 01-04-2011, 05:43 PM

If you have low deductibles just have someone steal your car

Amber Lamps · 01-04-2011, 05:50 PM

Quote:

Originally Posted by Tsunami

If you have low deductibles just have someone steal your car

I live in a college town and have avoided several accidents and thought, "I wish I was driving the Bonneville..."

Blue Book was around $4,000 last I checked....

BTW I have full coverage as well, it's $200 every six months.

Kaneman · 01-04-2011, 06:50 PM

Damn....if you don't do it I might have to buy that Bonne. How many miles?

Gas Man · 01-05-2011, 05:57 PM

That is a damn clean car for $2k AL

01-04-2011, 03:56 PM	#26
tallywacker Virtual Machine Join Date: Mar 2008 Location: PA Moto: 2010 Ducati Hypermotard Posts: 1,698	__________________

01-04-2011, 06:50 PM	#29
Kaneman AMA Supersport Join Date: Nov 2008 Location: Odessa, TX Moto: 2000 Honda CBR1100XX Blackbird Posts: 4,931	Damn....if you don't do it I might have to buy that Bonne. How many miles? __________________ 1982 Honda XR80 - blown motor, 1993 Kawasaki ZX6D - sold, 2001 Suzuki Bandit 1200S - sold, 1984 Honda Magna - sold, 2001 Kawasaki ZRX1200R - blown motor, 2007 Suzuki DL1000 V-Strom - totalled, 2003 Yamaha FZ1 - sold, 1994 Honda Magna - sold, 2001 Honda CBR600F4i - sold, 1998 Suzuki DR350 - stolen, 1989 Honda Super Magna - sold, 2007 Yamaha Stratoliner, 2000 Honda CBR 1100XX Blackbird

01-05-2011, 05:57 PM	#30
Gas Man Trip's Assistant Join Date: Feb 2008 Location: Imported from Detroit Moto: 2009 HD Street Classic Posts: 12,149	That is a damn clean car for $2k AL __________________ -Chris "Why pay somebody else to fuck up your bike?" Run Amsoil Product

01-04-2011, 12:31 PM	#21
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	And screw full coverage for any car worth less than $5K........IMO

01-04-2011, 05:43 PM	#27
Tsunami Pug Queen Join Date: Dec 2008 Location: Las Vegas, NV Moto: DR200, SV650 Posts: 2,486	If you have low deductibles just have someone steal your car