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I have figured it out. I'm paying $323 a month for my Ford Fusion right now. I even went online and built my Fusion to the exact way it is now, and I came within a dollar of what I am paying a month now for my Fusion.

So I figure in two years when my brother can drive. I will sell my Fusion, and we can lease two brand new Mazda 3's, I'm sure they won't change much from not till then, and still pay under $400 a month for both cars. I came up with a price of $185 to lease a brand new Mazda 3.

I like the Mazda 3 Hatch better then the Fusion cuz, looks sexier, sometimes. It would have a manual transmission, which is what I wanted. And I would get it in blue, instead of hard to keep clean black. Also, it would have the 17" alloy wheels which is better then my 16"s. It would also have electrolumnescent or however you spell it gauges. I think that's it. Damn I wish I never looked at that sexy fusion and got a boner. Thats why I bought it lol. Looked so damn sexy at the time I forgot all about Mazda.
 

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"I came up with a price of $185 to lease a brand new Mazda 3."

Yeah, with $2999 down. For each car.
 

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I don't agree with that analogy to renting. At least if you buy a house you earn equity in something that hopefully appreciates in value. That would never be the case with a car since they depreciate as soon as you drive it off the lot and continue to depreciate for the life of the vehicle. Leasing is a personal matter. If you don't drive a lot of miles and like something new every other year - leasing is the way to go. However, if you drive a shitload of miles like me and hold on to your cars for 6 or 7 years (or more) then buying is the right choice for you. If you want to take a chance, buy a low mileage used car (someone else's lease) for an even better deal.
 

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[quote author=Cueball link=topic=68160.msg1187691#msg1187691 date=1170695723]
I don't agree with that analogy to renting. At least if you buy a house you earn equity in something that hopefully appreciates in value. That would never be the case with a car since they depreciate as soon as you drive it off the lot and continue to depreciate for the life of the vehicle. Leasing is a personal matter. If you don't drive a lot of miles and like something new every other year - leasing is the way to go. However, if you drive a shitload of miles like me and hold on to your cars for 6 or 7 years (or more) then buying is the right choice for you. If you want to take a chance, buy a low mileage used car (someone else's lease) for an even better deal.
[/quote]

i just don't get leases at all and would never go with one. You have to put a good size chunk as a down payment then you cannot drive the car over the miles or you get dinged for it and when you are done in 2 to 3 years or what ever you do it all again. just does not seem worth it to me.
 

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I don't beleave in leaseing eighter. Although I have leased my wifes explorer. I would never have bought it. the payment would have been to high, but I leased with intent to buy. I've been paying ahead so at near the end of the lease I will have a down payment for my financier! My payment should cut in half! If your a business a lease is better for you because you can write off everything from the payment to maintanance! That's a huge tax advantage for something you have to pay for anyway!
 

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Leasing rocks, unless you drive 40,000 miles a year.

My F-150 was $240/month for 24 months. $0 down. I bought gas and oil. Thats it.

Selling a car sucks. Total pain in the a. And when leasing is so cheap...


If I could get a 0% loan on the truck at $240 a month on a $34k truck - after rebates it would take almost 10.5 years to pay off. What kind of insane interest rate would a 10.5 year loan get?

My Caravan lease...$310 a month for a $34k van - after rebates it would take over nine years at 0%.
Do you think I'd ever actually BUY a Chrysler? :shock:


And to top off the low payments...full warranty through the entire lease.
A nice safe car to drive my 22 month old daughter in.

And when the lease is up? I get to easily walk away and try some other car.
The only cars I ever plan to buy are used beaters or Mustangs. Leasing is too much fun for car guys that never want to be stuck in the same POS for too long. There are way too many vehicles out there to experience. Buying sucks.
 

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This is great if you subscribe to the idea that your always gonna have a payment. The downside is also you have no trade in, and your not building equity.
 

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Leasing in general has it's good points and bad points. The major positive is that you usually can get more vehicle for the same monthly payment by leasing vs. buying. With the currently very low interest financing though, the difference in payments isn't as large as it once was.

There are a few things people sometimes forget about when considering a lease. Many leases are calculated based on full sticker price of the vehicle being leased, or at least a much higher price than what one would pay to buy.

It's also basically a long term rental agreement. You don't own the car, and won't have any equity at the end of the term. No permanent modifications can be made either.

Yes, you will always be driving a new car, but you'll never have a trade-in. And every time your lease term is up you get the pay the upfront fees all over again, deposits, down payments, taxes......

Buying isn't right for everyone, but neither is leasing. You must weigh both sides and decide which is right for you. Just make sure you read the ENTIRE lease contract so there are no surprises.
 

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Mazdas current lease offer on the 3 is $189/month for 27 months with $2189 due at signing, not including tax, title, and other fees. So you'll pay $7292 to drive the 3 for 27 months. After that the residual value is $10,996. So if you chose to buy at the end, you'd pay $18,288 for a car that sells for $14,390 if you paid cash for it at the end of the lease, more if you financed the $10,996.

Now, if you purchased the same car at sticker price with $2189 down, your payments would be $235/month on a 60 month loan at 5.9%. In 27 months you will have paid a total of $8534 for the car. Balance of the loan after 27 months would be $7152. If you were to get the same price for the car at this time as the residual value of the car, you would have $3844 in equity in the car. So total cost for 27 months would be $4690.

Summary:

Cost of 27 month lease of Mazda3-$7292

Cost of 27 month buy of Mazda3-$4690
 

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[quote author=hwm3 link=topic=68160.msg1196850#msg1196850 date=1171031905]
Leasing in general has it's good points and bad points. The major positive is that you usually can get more vehicle for the same monthly payment by leasing vs. buying. With the currently very low interest financing though, the difference in payments isn't as large as it once was.

There are a few things people sometimes forget about when considering a lease. Many leases are calculated based on full sticker price of the vehicle being leased, or at least a much higher price than what one would pay to buy.

It's also basically a long term rental agreement. You don't own the car, and won't have any equity at the end of the term. No permanent modifications can be made either.

Yes, you will always be driving a new car, but you'll never have a trade-in. And every time your lease term is up you get the pay the upfront fees all over again, deposits, down payments, taxes......

Buying isn't right for everyone, but neither is leasing. You must weigh both sides and decide which is right for you. Just make sure you read the ENTIRE lease contract so there are no surprises.
[/quote] Wow, a point of agreement!
 

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[quote author=hwm3 link=topic=68160.msg1196879#msg1196879 date=1171033029]
Mazdas current lease offer on the 3 is $189/month for 27 months with $2189 due at signing, not including tax, title, and other fees. So you'll pay $7292 to drive the 3 for 27 months. After that the residual value is $10,996. So if you chose to buy at the end, you'd pay $18,288 for a car that sells for $14,390 if you paid cash for it at the end of the lease, more if you financed the $10,996.

Now, if you purchased the same car at sticker price with $2189 down, your payments would be $235/month on a 60 month loan at 5.9%. In 27 months you will have paid a total of $8534 for the car. Balance of the loan after 27 months would be $7152. If you were to get the same price for the car at this time as the residual value of the car, you would have $3844 in equity in the car. So total cost for 27 months would be $4690

Summary:

Cost of 27 month lease of Mazda3-$7292

Cost of 27 month buy of Mazda3-$4690


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For that reason right there i would not lease. I am only paying $273.99 for 60 months and i plan on keeping the car until it is dead. My oldest son is almost 10 so figure i will keep the car until he turns 16 them give it to me and get me a new one. But the other reason leases do not work for me is i do drive a lot. i just got my car Sept 30th and i already have 6500 miles on it.
 

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Another note - if you always have a fairly new car due to leasing you will being paying more for insurance and registration.
 

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"Yes, you will always be driving a new car, but you'll never have a trade-in. And every time your lease term is up you get the pay the upfront fees all over again, deposits, down payments, taxes....."


The fees, taxes, deposits amount to chump change when you, once again, consider how long it would take to pay off a $34k car with the payment the lease offers.

The leasee gets all rebates, plus lease renewal bonuses that are frequently $1000. 8) 8) :klavergreg:


"Another note - if you always have a fairly new car due to leasing you will being paying more for insurance and registration. "

Uh, yeah, the insurance is called full coverage. Unless the car is worth $500...
Registration? I pay pretty much the same $69/year for my Escort GT that I paid 10 years ago.


Anyways, this is a discussion that could go on till the end of time.


Similarly...To quote Donnie Brasco -

" LEFTY
A in't no c ompar ison. Cadillac
got more acceleration, more
power, more-- better handling,
better looking, more legroom for
yo ur legs , m ore po wer --
BOOBIE
You said that.
LEFTY
Said what?
BOOBIE
More power.
LEFTY
Be got me so f-ing aggravated,
Boobie, I forgot what I said.
NICKY
I' 11 tell you one thing--the
Lincoln is longer.
LEFTY
Longer what?
BOOBIE
Whaddaya talkin' about? Longer
wheelbase?
NICKY
Longer. Like longer. In inches.
It's a longer car.
LEFTY
You know something, Nicky, you
don't make no f-ing sense
sometimes.
NICKY
You got two cars. One's longer.
All things being equal, the
longer car is the one gonna get
there first.
LEFTY
Ain't the question all things
being equal. One's a Cadillac
and one's a Lincoln.
NICKY
The one's longer gets there
first. That's scientific fact.
(to Sonny)
What's better, a Lincoln or a
Cadillac?
LEFTY
Why're you asking him?
NICKY
I ' m asking him.
LEFTY
Why don't you ask me?
NICKY
I asked you already.
LEFTY
That's right. And I told you
there's no comparison.
SONNY
what the f are you arguing
about? Mercedes got it all over
both of them.
"

:lol: 8) :shock: :eek: :D :p
 

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This Fusion is the first car I leased. I liked the idea of a new car every so many years, but now I don't like leasing anymore. Can't stay within my miles (12,000 a yr). I should of bought more miles a year. I'm over like 3,500 miles so far in the first year of my lease. And now I'm tired of car payments. I've been saving alot money to either buy this lease in cash at the end or put that money down for a new Fusion, finance it and pay it off and take a break from car payments for about five years or so.
 

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[quote author=mtl1977 link=topic=68160.msg1197502#msg1197502 date=1171047918]

The leasee gets all rebates, plus lease renewal bonuses that are frequently $1000. 8) 8) :klavergreg:
[/quote]

You still get the rebates and incentives on a lease, but they are taken off of the sticker price of the car.

If you'd like to point out an example of where you would come out ahead on a lease, please feel free.
 

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I'm sure if you don't know how to work on a car, that safety net of having a warranty is very appealing. I would hate to be responsible for a car that I couldn't do permanent modifications to. A vehicle is as much expression as a painting, except I don't know where to lease a canvas for less than the cost of ownership.
 

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I think leasing always favors the dealer & manufacturer, it's in their best interest. Leasing does work well for some people & their situations. Leasing seems to really have exploded on the car market in the past 5 - 10 yrs, I don't really remember any mention of leasing about 15 yrs ago, mid 90's.
I always buy, & keep for 5 - 8 yrs., unless something comes along I really want. like when I traded in my 2001 red Mustang GT, Prem, for a 2004 Mustang GT, Prem., in Screaming Yellow. Because I always wanted a yellow 'Stang, & it was the fianal model year style, last & final chance to get one, so I did. Basically paid $ 10K , out the door for the 2004, GREAT DEAL :D My '01 was owned & paid for, got $ 13K for trade-in with 30K miles. Dealer sold her within 3 weeks for just under $ 16K !!!
 

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Opportunity cost is another important thing to look at when making a vehicle purchase or lease. I could have payed cash for my Fusion (about $25k CDN), or financed it for $425 for 60 months at 0%, or lease it for 1.9% and pay $310 for 48 months.

I chose the lease. I have been trading my $25k in and out of various stocks and so far my lease is very profitable! It was a simple decision for me - play in the stock market or spend $25k on a depreciating item? Easy decision.

Different strokes for different folks.

Chief
 
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