Posted by Goose on October 01, 2012 at 06:15:21 from (174.254.244.11):
In Reply to: Vehicles-leasing vs. buying posted by Buckeye Oliver collector on September 30, 2012 at 19:55:59:
Depends on your situation.
I buy all used vehicles, and I keep it simple. I will not buy a vehicle I can't pay cash for.
Our daughter, however, lives in Washington DC and works in McLean, VA. Her daily commute is only 14 miles each way, and next month she will be moving to Falls Church, VA from where she will have about a 6 mile drive each way.
She recently leased a new 2013 Hyundai Veloster. It's a small coupe that looks like it's going 200 mph sitting in the parking lot. On her model, however, performance doesn't necessarily match appearance.
Her rational on leasing is this: Her $200 per month payments roughly match what she would lose in depreciation anyway, had she bought the car. The limited driving she does will keep her well within the terms of the lease. She has a new car with no maintenance worries 'cause it's within factory warranty for the term of the lease. And when the lease expires, she has the option of buying the car for $12,000, the predicted retail value of the vehicle at the lease expiration.
A major attraction for her is the chance of a mechanical breakdown in a less than desirable venue is virtually nil, a very important factor for an unmarried gal in an urban area like DC.
In her case, a lease makes sense. It also makes sense for a buddy of mine to lease a new Lincoln Navigator and use it as a tax write-off for his company.
I, myself, have never been a fan of leases. I once worked through numbers on a Dodge pickup offered for lease by a local dealer. Without going through the numbers again, between the lease and the retail value of the vehicle at the expiration of the lease, the dealer would have taken in some $35,000 on a pickup that probably cost him maybe $18,000. That's a pretty good mark-up.
So--lease versus purchase simply comes down to a matter of personal circumstances and preference.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.