Why would anybody do that rather than buy the car outright with a 1% loan? Just
to get more car than they can really afford over a really long payment period?
-Curt
From: Curley McLain <[email protected]>
To: Curt Raymond <[email protected]>; Mercedes Discussion List
<[email protected]>
Sent: Monday, August 15, 2016 4:37 PM
Subject: Re: [MBZ] OT leasing a car
A lease works for high mileage so long as you know you will have to buy the
car at the end of the lease. If you buy it, you don't (generaly) get dinged
for the miles. You DO have to pay more for a high mileage car than what you
would pay for the same thing in an open market.
A three year lease followed by a 4 or 5 yr loan make for lower payments over
the long haul, but you pay way over list for the vehicle. So long as interest
rages are under 3% or so, it can be a viable option.
Curt Raymond via Mercedes August 15, 2016 at 3:32 PM Sure, that too.
I had a boss once when I was in college who leased a new Honda, then got a job
that required an absurdly long, like 150 mile round trip, commute. She'd gotten
a huge pay raise so the job made sense but like you kid she had to park the car
and buy another since the mileage price on the lease was absurd. That was when
I decided leasing was dumb.
-Curt
From: Scott Ritchey <[email protected]>
To: 'Curt Raymond' <[email protected]>; 'Mercedes Discussion List'
<[email protected]>
Sent: Monday, August 15, 2016 4:28 PM
Subject: RE: [MBZ] OT leasing a car
It's a tax thing. Lease costs are deductible business expenses.
For a personal vehicle, there is only a narrow range of circumstances where
leasing makes sense (like a temporary need). Two of my kids leased (vs
bought), against my strongest advice, and it hasn't worked well. One used up
the allotted miles and had to park the car for the last several months of the
lease. The other will need to lease another very soon (with big up-front
costs) or buy out the existing lease for too much money. I think this was a
case of wanting more car than they could afford and getting trapped as a result.
-----Original Message-----
From: Curt Raymond via Mercedes
Sent: Monday, August 15, 2016 11:15 AM
I know companies like to lease stuff since it keeps it off the ownership books
...
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Scott Ritchey via Mercedes August 15, 2016 at 3:28 PM It's a tax thing.
Lease costs are deductible business expenses.
For a personal vehicle, there is only a narrow range of circumstances where
leasing makes sense (like a temporary need). Two of my kids leased (vs
bought), against my strongest advice, and it hasn't worked well. One used up
the allotted miles and had to park the car for the last several months of the
lease. The other will need to lease another very soon (with big up-front
costs) or buy out the existing lease for too much money. I think this was a
case of wanting more car than they could afford and getting trapped as a result.
-----Original Message-----
From: Curt Raymond via Mercedes
Sent: Monday, August 15, 2016 11:15 AM
I know companies like to lease stuff since it keeps it off the ownership books
...
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Curt Raymond via Mercedes August 15, 2016 at 10:14 AM I know companies
like to lease stuff since it keeps it off the ownership books but with that
kind of mileage it'd probably make more sense to own or even to rent which is
kind of a strange thought.
I'd add the VW Passat to the list, they're big and roomy, the gas engines are
pretty zippy, sadly I think you still can't get a TDI.
The new Impala is supposed to be something special, I'm hoping they hit the
rental fleet pretty soon, I'd like to try one. The Sonatas are very nice, much
nicer than the equivalent Toyota for for less money.
Camry is super boring and you'll lose it in parking lots full of identical
cars. I've been there, had to click the key fob to figure out which car was
mine...
The Charger can be a decent car if its not got a horrible rental car
transmission. I'm stunned that Chrysler still makes garbage cars for rentals.
They make people think the cars are way worse than they are. They make a very
good engine these days but still make rotten sloppy slushboxes. On the other
hand the upper end transmissions like the 9spd in my parent's Cherokee are
smooth as silk...
-Curt
From: Donald Snook via Mercedes <[email protected]>
To: Mercedes Discussion List <[email protected]>
Cc: Donald Snook <[email protected]>
Sent: Monday, August 15, 2016 11:07 AM
Subject: [MBZ] OT leasing a car
I MAY have a new job opportunity that includes a new car lease. I am not sure
about the details yet and therefore I am speculating about the terms. So, this
may be a bit of day dreaming.
Given what I am guessing is a monthly lease amount, I am wondering which
vehicle would be best. I don't think a Mercedes would meet the $ criteria. So,
here are some possible options:
Ford Taurus
Chevy Impala
Nissan Altima
Dodge Charger
Hyundai Sonata (although the Genesis would be nice, but probably too much $)
Toyota Camry
Any opinions on these? I know that's a broad question. I like bigger cars
(I'm 6'3" and 250). So, I think the Taurus and Impala would be the roomiest.
I have heard a lot of good reviews about the "zero gravity" seats in the
Altima. I might be driving as much as 600 miles a week. This could make
leasing a car very difficult because putting that many miles on it could be
prohibitively expensive.
Don Snook
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Donald Snook via Mercedes August 15, 2016 at 10:07 AM I MAY have a new job
opportunity that includes a new car lease. I am not sure about the details yet
and therefore I am speculating about the terms. So, this may be a bit of day
dreaming.
Given what I am guessing is a monthly lease amount, I am wondering which
vehicle would be best. I don't think a Mercedes would meet the $ criteria. So,
here are some possible options:
Ford Taurus
Chevy Impala
Nissan Altima
Dodge Charger
Hyundai Sonata (although the Genesis would be nice, but probably too much $)
Toyota Camry
Any opinions on these? I know that's a broad question. I like bigger cars (I'm
6'3" and 250). So, I think the Taurus and Impala would be the roomiest. I have
heard a lot of good reviews about the "zero gravity" seats in the Altima. I
might be driving as much as 600 miles a week. This could make leasing a car
very difficult because putting that many miles on it could be prohibitively
expensive.
Don Snook
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http://www.okiebenz.com
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