leasing an S2k?
Registered User
Joined: Oct 2000
Posts: 7,401
Likes: 1,104
From: Napa
No, the dollars don't have to come out the same. They may, and they may not.
Rule of thumb:
1. If you plan on keeping the car for many years, buy it. (for cash, if possible).
2. If you use it more than 50% for business, Lease It.
Words of wisdom from a CPA.
Rule of thumb:
1. If you plan on keeping the car for many years, buy it. (for cash, if possible).
2. If you use it more than 50% for business, Lease It.
Words of wisdom from a CPA.
Registered User
Joined: Aug 2001
Posts: 28
Likes: 0
From: TN
I know this is personal but, I was wondering if everyone who is leasing could post down payment, residual, and monthly payment. I am trying to decide which way would fit my needs better, I have a daily driver so I could keep miles off of it.
Registered User
Joined: Apr 2001
Posts: 1,891
Likes: 0
From: Poconos
When it comes to leasing I think ford has the best plans. They have an APP program Advanced payment plan in which you pay everything up front and youre set until you return the car in a couple 2 -3 years. Saves you a couple grand over the life of the lease.
Tinker with Ehonda, the lease rates for the s2000 it spits out aren't all that bad. But of course buying is better. This is one of those cars you just want to keep for a long time and enjoy.
Tinker with Ehonda, the lease rates for the s2000 it spits out aren't all that bad. But of course buying is better. This is one of those cars you just want to keep for a long time and enjoy.
Registered User
Joined: Apr 2001
Posts: 2,111
Likes: 0
From: Laguna Niguel, CA
All I can say is if you ever lease ANY vehicle, you must use this small program called Lease-It! .
It's a program for your Palm device that let's you back out any of the variables that dealers use to screw you when you lease.
I have no connection with Lease-It! I recently used it when I leased a truck. It saved me a ton of money!!
I knew exactly what numbers they were "fudging". And, I like being in full control when buying/leasing vehicles!
I downloaded it for free here:
http://www.pe.net/firm/dpw-designs/product...t/lease_it.html
Good luck!
It's a program for your Palm device that let's you back out any of the variables that dealers use to screw you when you lease.
I have no connection with Lease-It! I recently used it when I leased a truck. It saved me a ton of money!!
I knew exactly what numbers they were "fudging". And, I like being in full control when buying/leasing vehicles!
I downloaded it for free here:
http://www.pe.net/firm/dpw-designs/product...t/lease_it.html
Good luck!
Joined: Oct 2000
Posts: 9,210
Likes: 7
From: WA
Originally posted by Morris
No, the dollars don't have to come out the same. They may, and they may not.
Rule of thumb:
1. If you plan on keeping the car for many years, buy it. (for cash, if possible).
2. If you use it more than 50% for business, Lease It.
Words of wisdom from a CPA.
No, the dollars don't have to come out the same. They may, and they may not.
Rule of thumb:
1. If you plan on keeping the car for many years, buy it. (for cash, if possible).
2. If you use it more than 50% for business, Lease It.
Words of wisdom from a CPA.
So like I said the first time.. bottom line is someone has to buy the car, pay for the funds, and carry the depreciation.. and a dealer would need some gross profit. There is no free lunch, just different ways to pay for it.. tax implications not being considered.
Joined: Jul 2001
Posts: 3,971
Likes: 6
From: Dallas
I'm leasing and I don't want to go into all the details but I'm saving about $200 over financing the car. I have the option to extend the lease or buy the car at end of my 39 month term. This is a good option for me because I like to change cars once they get around 50k miles and it significantly lowers my monthly payments.
Registered User
Joined: Aug 2001
Posts: 43
Likes: 0
From: Huntington Beach
Originally posted by Morris
No, the dollars don't have to come out the same. They may, and they may not.
Rule of thumb:
1. If you plan on keeping the car for many years, buy it. (for cash, if possible).
2. If you use it more than 50% for business, Lease It.
Words of wisdom from a CPA.
No, the dollars don't have to come out the same. They may, and they may not.
Rule of thumb:
1. If you plan on keeping the car for many years, buy it. (for cash, if possible).
2. If you use it more than 50% for business, Lease It.
Words of wisdom from a CPA.
Thanks.
