General Automotive Discussion General automotive discussion and chat. Honda, Toyota, Chevrolet, Ford. It doesn't matter, just talk about it here.

lease it or finance it

Thread Tools
 
Search this Thread
 
Old Oct 25, 2002
  #1  
joefufu's Avatar
Thread Starter
Registered!!
 
Joined: Jan 2002
Posts: 38
Likes: 0
From: Calgary, Alberta, Canada
Rep Power: 0
joefufu is an unknown quantity at this point
lease it or finance it

I am considering getting a new wrx. But i don't know to lease it or finance it. I maybe be moving back to hong kong 3 or 4 years from now. So which is the better option for me? I think I have to pay a penalty if I break up a lease, but I am not sure
Reply
Old Oct 25, 2002
  #2  
alc's Avatar
alc
Registered!!
 
Joined: Mar 2002
Posts: 31
Likes: 0
From: , California, US
Rep Power: 0
alc is an unknown quantity at this point
ok lemme see...... hmmmmmm how bout a three or four year lease? [IMG]i/expressions/face-icon-small-smile.gif[/IMG]
Reply
Old Oct 25, 2002
  #3  
2K2SilverCivicSiR's Avatar
Registered!!
 
Joined: Jul 2002
Posts: 303
Likes: 0
From: Richmond, British Columbia, Canada
Rep Power: 0
2K2SilverCivicSiR is an unknown quantity at this point
or better yet..

lease for 3 yars hten send the car to me.. [IMG]i/expressions/face-icon-small-tongue.gif[/IMG][IMG]i/expressions/face-icon-small-tongue.gif[/IMG][IMG]i/expressions/face-icon-small-tongue.gif[/IMG][IMG]i/expressions/face-icon-small-tongue.gif[/IMG]


WRX
Reply
Old Oct 25, 2002
  #4  
joefufu's Avatar
Thread Starter
Registered!!
 
Joined: Jan 2002
Posts: 38
Likes: 0
From: Calgary, Alberta, Canada
Rep Power: 0
joefufu is an unknown quantity at this point
So, if I lease it for 4 years, do I just return the car to them? and I lost all the money i paid during the lease?
Or is it better to finance it and sell the car and paid whatever the amount is owe to the bank
Reply
Old Oct 25, 2002
  #5  
Shawn02's Avatar
Registered!!
 
Joined: Feb 2002
Posts: 278
Likes: 0
From: Fort Worth, Texas, US
Rep Power: 0
Shawn02 is an unknown quantity at this point
Yeah the better option is to finance and then sell the car if you have to move...and ifyou don't move..then you'll be paying to own it, not paying to borrow it.
Reply
Old Oct 25, 2002
  #6  
n00dleboy's Avatar
Registered!!
 
Joined: Mar 2002
Posts: 1,807
Likes: 0
From: Vancouver Canada
Rep Power: 0
n00dleboy is an unknown quantity at this point
Never lease. You pay money after 3 years and then you own nothing. Better to finance for 3 years and then own it and can sell it after.
Reply
Old Oct 25, 2002
  #7  
white2K2EX's Avatar
I sure wish my car was newer
 
Joined: Jul 2002
Posts: 7,448
Likes: 1
From: St. Louis, Mo
Rep Power: 364
white2K2EX is a glorious beacon of lightwhite2K2EX is a glorious beacon of lightwhite2K2EX is a glorious beacon of lightwhite2K2EX is a glorious beacon of lightwhite2K2EX is a glorious beacon of light
n00dleboy is right. I believe you often get better interest rates aswell. If you werew planning on dumping the car after two years or less, that is the only time i would advise getting a lease.
Reply
Old Oct 25, 2002
  #8  
03Eclipse's Avatar
Hey! Look At Me!! I'm a Supporting Member!!
 
Joined: Apr 2002
Posts: 2,956
Likes: 0
From: *********
Rep Power: 0
03Eclipse should not be trusted03Eclipse should not be trusted03Eclipse should not be trusted
I lease right now and the payment is lower but its a bit*h to get out of as I'm trying to trade it in and becuase its only been a year I have to pay a bit to match the buyout amount ......Finance if possible ......
Reply
Old Oct 25, 2002
  #9  
n00dleboy's Avatar
Registered!!
 
Joined: Mar 2002
Posts: 1,807
Likes: 0
From: Vancouver Canada
Rep Power: 0
n00dleboy is an unknown quantity at this point
SORRY MY CAPS IS STUCK WITH A FINGERNAIL IN IT. BUT IF YOU'RE GOING TO FINANCE BORROW THE MONEY FROM THE BANK AND USUALLY YOU SHOULD GET LOWER INTEREST RATES THAN FINANCING FROM The dealer. *caps is not stuck phew*.
Reply
Old Oct 25, 2002
  #10  
joefufu's Avatar
Thread Starter
Registered!!
 
Joined: Jan 2002
Posts: 38
Likes: 0
From: Calgary, Alberta, Canada
Rep Power: 0
joefufu is an unknown quantity at this point
they have the future value finance, which i pay the same amount as a lease each month, but 5 years finance instead of 4 years lease. But at the end of 5 years, i have to pay 9000 dollars to buyout the car. I think that option is better than leasing, since i am owing the car, and i don't have to worry about the mileage on it
Reply
Old Oct 25, 2002
  #11  
JohnnyLee's Avatar
7thgen guh chee
iTrader: (8)
 
Joined: Mar 2002
Posts: 3,668
Likes: 0
From: Highland,California, US
Rep Power: 0
JohnnyLee is an unknown quantity at this point
BUy it
Reply
Related Topics
Thread
Thread Starter
Honda Civic Forum
Replies
Last Post
curaze
Mechanical Problems/Vehicle Issues and Fix-it Forum
3
Sep 22, 2015 08:27 AM
BaNgCiViC2k1
General Automotive Discussion
29
Jan 12, 2003 03:45 PM
Spazbitte
General Automotive Discussion
5
Apr 17, 2002 12:46 AM




All times are GMT -5. The time now is 08:15 PM.