How many of you lease vs buy? I've never leased a car before but with this being my third car I'm considering it. I would save I guess about 150-200 per month.

But I suppose I would loose the ability to modify the car.

 

Never been a fan of leasing because so little of the monthly payment goes towards the principal balance.And insurance will be higher on a lease.

 

Not necessarily. I leased mine and my dealership asked me when I was going to Turbo it! They also asked me about throwing on a Comptech Intake for it if I didn't turbo it. I leased it because I figured that when I go to give it back early, which I might, the car won't depreciate too much so I can actually make money on the car because of what I got it for.

Chris

 

hey...my spa yellow is on lease and i've done some modifications to it. i am planning on either buying it after 3 years is up (hopefully i will be able to negotiate the price...something that cannot be done easily now), or returning as many things to stock as possible before returning it. only time will tell...

peace, steve

 

Lease Only way to go With a residual value of almost 67% after 3 years the S2000 is perfect for leasing A car is NOT an investment but you can minimize the cash flow by leasing Insurance cost on a lease are minimul and one thing you have to remember is that over and above the insured amount, the leasing company takes the hit , not you! It's like an umbrella coverage Blair

 

When you lease a car through Honda Financing, do they guarantee you a buyout price at the end of the lease? The reason I ask is that I contacted a third party leasing agent who told me American Honda is the only company that does not guarantee the buyout and sets the price at the end of the lease. Fact or Fiction?

Thanks!

 

Our family leases all our cars because basically that way you get to decide if u want to keep the car or not. It avoide the hassle of selling a used car if you are sick of it after 3 years or whatever. I have modified my S2000 and am planning on doing some major modifications. I'm probably gonna end up buying it so don't care what the leasing company thinks.

 

[QUOTE]Originally posted by Fear Itself
[B]When you lease a car through Honda Financing, do they guarantee you a buyout price at the end of the lease?

 

[QUOTE]Originally posted by Blair Morrow
[B]Lease Only way to go With a residual value of almost 67% after 3 years the S2000 is perfect for leasing

A residual value that high also makes the S2K a great car to own. You can drive it for 3+ years and still not lose too much on depreciation.

I personally am too commitment-phobic to lease. If you own a car and change your mind, you can sell it. If you lease and change your mind, it's much tougher to get out without taking a bath.

Plus, I hate worrying about how many miles I'm putting on the car.