is leasing an s2000 wicked smaht or wicked dum
Joined: Jul 2002
Posts: 42,828
Likes: 74
From: stuffed in a box
no worries TX 
I'm so used to getting into tangles in s2k talk, I get bent real easy, sorry.
Cars are definately a money pit, and for a leaser you are right on the money. I leased my last car and I hated that it wasn't MINE. speaking for myself, posession is a big part of ownership, even though my car will never bring back my money at least I HAVE the car.... I do however think for certain people leases are the way go. My wife travels all over socal and to keep her in a new car with full maintenance is a big deal. I never worry about her breaking down, and if she does, she gets a loaner, and the royal treatment for repairs. When you look at it like a "service" that way, it's really a great thing. Like having a monthly payment to never worry about transportation ever again...... peace of mind. That is something I had to decide when I bought this car, but the grass is always greener as they say
cars just arent investments, I also don't want to sound misleading, I hope I explained my slant
cheers!
I'm so used to getting into tangles in s2k talk, I get bent real easy, sorry.Cars are definately a money pit, and for a leaser you are right on the money. I leased my last car and I hated that it wasn't MINE. speaking for myself, posession is a big part of ownership, even though my car will never bring back my money at least I HAVE the car.... I do however think for certain people leases are the way go. My wife travels all over socal and to keep her in a new car with full maintenance is a big deal. I never worry about her breaking down, and if she does, she gets a loaner, and the royal treatment for repairs. When you look at it like a "service" that way, it's really a great thing. Like having a monthly payment to never worry about transportation ever again...... peace of mind. That is something I had to decide when I bought this car, but the grass is always greener as they say
cars just arent investments, I also don't want to sound misleading, I hope I explained my slant
cheers!
Joined: Mar 2002
Posts: 112,963
Likes: 150
From: Doh!!
one more thing to throw in,
If you're self-employed, talk to your accountant about leasing as leasing is 100% tax deductable. Buying, as far as I know, is not tax deductable. In the example of the S2000 you can subtract (guestimate) $5000/yr from your taxable income.
If you plan to own this car anyway then do a 5 or 6 year lease so the value is as low as possible (and use as much tax deduction as possible) then exercise your option to buy the car at the lease's end.
If you're self-employed, talk to your accountant about leasing as leasing is 100% tax deductable. Buying, as far as I know, is not tax deductable. In the example of the S2000 you can subtract (guestimate) $5000/yr from your taxable income.
If you plan to own this car anyway then do a 5 or 6 year lease so the value is as low as possible (and use as much tax deduction as possible) then exercise your option to buy the car at the lease's end.
Joined: Oct 2002
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From: Where The Sun Don't Shine
I don't know if anyone mentioned this (just following whore rules)....but another advantage to ownership is....You can do whatever the hell you want with the car in terms of mods....I suppose you could mod a leased car as well....but then you would be forced to reconvert ($$$) at the end of your lease...I guess a bone stock S2k is OK for some...although I think I would get bored, eventually...
Registered User
Joined: Jun 2001
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From: Wheeler Army Airfield, HI
Originally posted by Zoechops
Folks...
...you're not seeing the big picture here:
It is only wicked smaht or wicked dum if you are in New England, any where else its just smart or dumb.
Folks...
...you're not seeing the big picture here:
It is only wicked smaht or wicked dum if you are in New England, any where else its just smart or dumb.
Registered User
Joined: Dec 2002
Posts: 10,963
Likes: 0
From: N to the Y to the C
Originally posted by Zoechops
Folks...
...you're not seeing the big picture here:
It is only wicked smaht or wicked dum if you are in New England, any where else its just smart or dumb.
Folks...
...you're not seeing the big picture here:
It is only wicked smaht or wicked dum if you are in New England, any where else its just smart or dumb.
Registered User
Joined: Jul 2002
Posts: 9,280
Likes: 1
From: knoxville, TN
Dumb...
You can't mod the car
you can't drive it a lot or they'll stick you for milage (BIG charges)
Now, if you plan not to mod it, and just drive it around ie. not going on organized drives, etc....then leasing might be for you
Thanks for the clarification Zoe...I thought the guy was doing his best Good Will Hunting impression.
You can't mod the car
you can't drive it a lot or they'll stick you for milage (BIG charges)
Now, if you plan not to mod it, and just drive it around ie. not going on organized drives, etc....then leasing might be for you
Thanks for the clarification Zoe...I thought the guy was doing his best Good Will Hunting impression.