Leasing?

[SavageSig]

Anyone know of or can anyone recommend any stellar leasing deals floating around these days? Looking for a 2-3 year period with about 15k miles a year. Any help would be appreciated. Dealing with car dealers without knowing what to expect first is a losing proposition.

[Mike]

Stellar lease deal is an oxymoron.

With all the nice used vehicles available right now why not search for one that suits you? Then you will at least have something for your money.

My 2c.

[Il Duce]

Do me a favor and just send me the money cause by leasing a car all you are doing is throwing money away

[Magiccarpetrides]

Honda typically has the best leasing options because they hold their value so well. For the right person circumstances leasing is great. However, I would recommend buying used ;-)

[Guest RRM]

dont lease. go buy a cheap car and put that money that you would put towards a lease and buy a nicer car in a few years.

[Rightwinger]

I'm seeing a trend

[56FordGuy]

Among other things, Consumer Reports has said that leasing is the most expensive way to operate a vehicle.

Buy used, let someone else take the big depreciation hit. Even better, buy used that you can pay cash for.

[SavageSig]

I'm all with you, but this is for my sister. I'm trying to talk her into getting a nice used Honda or Toyota but she seems pretty set on a lease and it's her money.

[StPatrick]

Amen to all above...to elaborate on why a lease is bad, here's my take: fundamentally, a lease is a rental agreement. You agree to take possession of a piece of property for a specified term, at an agreed rate, and the owner of the property takes care of all the upkeep.

For an apartment, this is not a bad idea - you get a place to stay, without the costs of ownership, at a fixed rate for your term. The underlying assumption with real estate is that by the time you're done with it, it will have held its value, at a minimum.

With a car, you're taking semi-possession (after all, you don't own it) of a new vehicle at a fixed rate for a set time. With cars, its already known that several years down the road, they are worth substantially less than new. The leasing dealer has to factor this cost into the lease - after all, it's the biggest cost of new car ownership. Maintenance is not nearly the driver of inherent value as age is with cars. When you lease a vehicle, you're paying for the costs of maintenance, ownership, and use, and additionally paying a premium on depreciation costs.

Think of it as renting Britney Spears in her prime - it's never going to get any better, and a few years down the road, the actual owner has to deal with dents, sticky fingerprints, lots of surface damage, and a highly diminished market value. In order to get a return on investment, somebody has to pay for all that loss of value.

[kb4ns]

Think of it as renting Britney Spears in her prime...

She had a "prime"?

[Erik88]

Don't lease.....period.

Why do you think the dealerships are so pushy about leasing?? They make bank on lease deals!!

[Bubba0031]

Am I correct that the only time a lease is advantageous is when the vehicle is used for business and the lease payements can be tax deducted?

[wareagle]

Guys, Consumer leases are a rip. The lease agreements are tilted unfairly towards the lessor.

Commercial leases have much softer language. Plus, leases favorably impact return on invested capital ratios.

For your sister, hyundai sorrento has the best lease ratios.

[Chucktshoes]

Guys, Consumer leases are a rip. The lease agreements are tilted unfairly towards the lessor.

Commercial leases have much softer language. Plus, leases favorably impact return on invested capital ratios.

For your sister, hyundai sorrento has the best lease ratios.

Hyundai Sonata? Or Kia Sorento?

[Guest Plainsman]

I think she should talk to Dave...

[wareagle]

it is a kia. I think Hyundai underwrites the lease

[vontar]

I would not lease anything.

It is worse then renting a house, Renting a house you only have to put like 1 month security desposit down. when you least a car they normally want like 2k down, plus monthly payments for 2 years, and hells bells if you go over the milages.

Add it all up, you might as well buy the dam thing or a 1 year old model.