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UN-PIMP-Z-A4
04-09-2007, 12:21 PM
At the end of the year I will looking to get into a new car.
I contemplating leasing for the simple fact that I don't put more than 10k miles annually on my car and I can change whips every 3 years.
I would love to finance to mod but gettig older I probably wouldn't do more than chip, tint and wheels.

So may I ask how many purchased their car vs. leased? Why did you go the route you chose?

audisarecool
04-09-2007, 12:24 PM
well i decided to lease since as a college student paying more than 500 a month on a car just wasnt happening...

kill4surf
04-09-2007, 12:26 PM
I lease all my cars. Mod them and put them back to stock when trading them in, or, I sold my leased, heavily modded 03 1.8t, paid it off and made some cash

b6onboost
04-09-2007, 01:27 PM
if you're only going to keep the car for a few years and want brand new, lease it. financing it costs more b/c you are paying off the entire car in a set amount of years, rather than just renting it.

most non reversible mods void the leasing agreement, and you may be faced with penalties. like if you chipped it (and they found out) or tint. you can always lease and mod, then buy out the lease at the end..and sell the car.

imo, its just easier to own it and do what you want to it. sell it when you feel like it. leasing is great if you plan only easily removable mods.

enigma1406
04-09-2007, 01:32 PM
Cars are funny things. Leasing is like renting an apartment. It's a better investment to buy a house because a house retains its value, and often appreciates. It's the complete opposite with cars. You basically have an asset that depreciates the moment you pick it up and continues to do so as it gets older. It's basically a question of whether you want to keep the car long term or not. I bought my car outright because I don't plan on selling it and want to always be on my terms.

quattrotman
04-09-2007, 01:49 PM
It's all about what you can afford. Leasing makes it easier to pay for a higher priced car but I don't like geting locked. My wife's car is a BMW...we got a great deal but started hating the car after the first year. I've tried to find someone to assume the lease but no takers so we're stuck with a car we can't stand for another year.
Financing, you own it but payment are higher. If you self employed you can write off either way though.
I wouldn't lease again if it was me.
You lose the same money so it doesn't make that much of a difference. Leasing is actually better when you look at the big picture though. In a lease you just pay for the depreciation...on a finance you pay for the whole thing and you 'own it' but at the end of the day what do you own??...a depreciated car that is worth the same as the car you leased at the end of its term. After the lease you can refinance...it may cost a bit more but it's all the same. I just like the freedom of owning...unfortunately I had to learn the hard way with the BMW.

B6driver
04-09-2007, 02:03 PM
this is my first car (self bought, anyway).... so its definitely a buy. but here i bring in the complication of an emotional attachment =P