ba-autox
[Top] [All Lists]

Re: Leasing Versus Buying

To: Anthony Tabacco <atabacco@california.com>,
Subject: Re: Leasing Versus Buying
From: James Creasy <black94pgt@pacbell.net>
Date: Wed, 11 Jul 2001 19:00:11 -0700
> sometimes cars that are expected to hold their value
> well can be decent candidates for leasing.

the nice thing about leases is that you know in advance exactly how
depreciation you will paying.

but buy or lease, you pay the same depreciation.  more on a fast
depreciating car, less on a slower one.  typically the slower ones are
slower depreciating in percentage, but are more in actual dollars.  in a
purchase, you can kind of hide the depreciation, but you are paying it
none-the-less.

the big disadvantage to a lease is that it is harder to get out of than a
purchase.

-james c






----- Original Message -----
From: Anthony Tabacco <atabacco@california.com>
To: Kelly, Katie <kkelly@spss.com>
Cc: <ba-autox@autox.team.net>
Sent: Wednesday, July 11, 2001 6:20 PM
Subject: Re: Leasing Versus Buying


> Katie, last time I looked, whether the 2000 will live or die in AStock
> (they're going to rename the classes though) depends on the classing of
the
> Boxter S. This is still under discussion. If the BoxterS stays SS, the Z06
> will likely be able to edge it, if it goes to AStock, the S2000 could have
a
> hard time.
>
> In response to the leasing question, I would note the old truism that
there
> are only three things that ought to be rented. Propriety (and undoubtedly
> diligent webmasters) would forbid their mention in a forum such as this.
> Suffice it to say cars are not one of them.  I do understand that
dependiing
> on market conditions, sometimes cars that are expected to hold their value
> well can be decent candidates for leasing.
> Tony
>
> ----- Original Message -----
> From: "Kelly, Katie" <kkelly@spss.com>
> To: <ba-autox@autox.team.net>
> Sent: Wednesday, July 11, 2001 5:21 PM
> Subject: RE: Leasing Versus Buying
>
>
> > A new car doesn't really make much sense. I've just been corresponding
> with
> > Brent at SF Honda. He threw some numbers at me. A lease almost sounds
> > reasonable, except for one thing. I can't afford it. Not right now,
> anyway.
> >
> > Any ideas as to how the Honda S2000 will fit in Solo II's new classing
> > structure next year?
> >
> > Doesn't matter. It's the year FOLLOWING that I'll even be able to think
> > about it.
> >
> > In the meantime, anybody know anything about road bikes?
> >
> > Katie
> >
> > -----Original Message-----
> > From: James Creasy [mailto:black94pgt@pacbell.net]
> > Sent: Wednesday, July 11, 2001 5:23 PM
> > To: Clifford Richardson; kkelly@spss.com; ba-autox@autox.team.net
> > Subject: Re: Leasing Versus Buying
> >
> >
> > if you want to drive a new car, then i see no reason not to lease,
> > financially.
> >
> > new cars, leased or bought, cost you big time in the hidden specter of
> > depreciation.
> >
> > > -Buy if you don't intend on paying for a car for the rest of your life
> >
> > but you see, this isnt true.  you pay depreciation.  at least with a
lease
> > you can get out of it when the lease ends, or buy the car if you like
it.
> > (only true for closed-end leases)
> >
> > however, to me all new cars are pretty much the same as the next, so i
> dont
> > bother much with them.
> >
> > -james 'never bought a new car' creasy
> >
> >
> >
> > ----- Original Message -----
> > From: Clifford Richardson <the_brain7@hotmail.com>
> > To: <kkelly@spss.com>; <ba-autox@autox.team.net>
> > Sent: Wednesday, July 11, 2001 4:48 PM
> > Subject: Re: Leasing Versus Buying
> >
> >
> > > Not sure how my thoughts would rate since my first autox run is yet to
> > come
> > > but here goes...
> > >
> > > My car's leased. An advantage for me is that I don't worry too much
> about
> > > pushing her too hard. She's still under warranty and after I've
whipped
> > all
> > > the performance out of her, I get to give her back and get a fresh
car.
> > The
> > > minus is the possibility that she and I may become a perfect
driver/car
> > > combo after so many miles. Returning her might set me back a bit while
I
> > > essentially build a whole new relationship with a new vehicle. You
> > > know...learning how that car handles, it's moods, limits, etc...No two
> car
> > > is ever the same, just like no two g/fs...um...nevermind.
> > >
> > > Did any of that make sense? :-) didn't think so...
> > >
> > > General thoughts:
> > > -Don't use your leased car to auto-x if you're afraid of extra charges
> for
> > > dings, etc...
> > > -Lease if you don't drive long distances and you have excellent credit
> > > -Lease if you're loaded
> > > -Buy if you don't intend on paying for a car for the rest of your life
> > > -Buy if you're gonna customize the car
> > > -Lease if you want a brand new car every 3-5 years
> > >
> > > Just thoughts, I'm sure some of you may disagree.
> > >
> > > -Arnold
> > >
> > >
> > > ----Original Message Follows----
> > > From: "Kelly, Katie" <kkelly@spss.com>
> > > To: "'ba-autox@autox.team.net'" <ba-autox@autox.team.net>
> > > Subject: Leasing Versus Buying
> > > Date: Wed, 11 Jul 2001 15:59:18 -0700
> > > MIME-Version: 1.0
> > > Received: from [207.173.21.42] by hotmail.com (3.2) with ESMTP id
> > > MHotMailBD162861004540043260CFAD152A0BE50; Wed, 11 Jul 2001
> 16:12:35 -0700
> > > Received: (from majordom@localhost)by teamfat2.dsl.aros.net
> > (8.11.0/8.11.0)
> > > id f6BN8QJ04434for ba-autox-actors; Wed, 11 Jul 2001 17:08:26 -0600
> (MDT)
> > > Received: from hqmrelay.spss.com ([64.16.210.2]) by
> teamfat2.dsl.aros.net
> > > (8.11.0/8.11.0) with ESMTP id f6BN8Mx04429 for
> <ba-autox@autox.team.net>;
> > > Wed, 11 Jul 2001 17:08:22 -0600 (MDT)
> > > Received: from sfemail1.spss.com ([10.10.53.4]) by hqmrelay.spss.com
> > > (8.9.3/8.9.3) with ESMTP id SAA27604 for <ba-autox@autox.team.net>;
> Wed,
> > 11
> > > Jul 2001 18:08:16 -0500 (CDT)
> > > Received: by SFEMAIL1 with Internet Mail Service (5.5.2650.21) id
> > > <3TQSVFRG>; Wed, 11 Jul 2001 15:59:20 -0700
> > > From ba-autox-owner@autox.team.net Wed, 11 Jul 2001 16:13:43 -0700
> > > Message-ID: <93456CB7A08FD211B33D00A0C99D6373701E19@SFEMAIL1>
> > > X-Mailer: Internet Mail Service (5.5.2650.21)
> > > Sender: owner-ba-autox@autox.team.net
> > > Precedence: bulk
> > >
> > > Hey, anyone out there leasing their autocross vehicles? Can you tell
me
> > the
> > > pluses and minuses?
> > >
> > > Thanks,
> > > Katie K.
> > >
> > > _________________________________________________________________

<Prev in Thread] Current Thread [Next in Thread>