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Leasing versus buying a car - low end luxury cars
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Repo Offline
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Leasing versus buying a car - low end luxury cars
What are your opinions on leasing versus buying a car? I am shopping in the low end luxury range, think 3 or 5 series BMW, or maybe a Q50 or Q60 Infiniti.

I feel like buying a new car such as a BMW 5 series, you may be paying too much as the moment you drive it off the lot it loses value, and once it hits 100k miles maintenance can get expensive. But on the other hand once its paid off it is all yours.

My current car is now paid off, and while in good condition it just hit 100k miles and is starting to have funky problems here and there, even though I am religious when it comes to upkeep.
09-02-2017 10:00 AM
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roberto Offline
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RE: Leasing versus buying a car - low end luxury cars
(09-02-2017 10:00 AM)Repo Wrote:  I feel like buying a new car such as a BMW 5 series, you may be paying too much as the moment you drive it off the lot it loses value, and once it hits 100k miles maintenance can get expensive. But on the other hand once its paid off it is all yours.

Yeah, all 25% of it's original sticker price...

If you can only afford a low end luxury car, maybe you don't actually need a luxury car? Personally, I'd consider whether now is a good time to step off the debt treadmill.

They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety- Benjamin Franklin, as if you didn't know...
(This post was last modified: 09-02-2017 10:28 AM by roberto.)
09-02-2017 10:27 AM
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RE: Leasing versus buying a car - low end luxury cars
Leasing and buying new are both "bad" financial decisions. I could only recommend doing so if you're already financially set or love your job so much you'd do it for free AND there is 0% chance you ever get fired.
09-02-2017 10:41 AM
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Ski pro Offline
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Post: #4
RE: Leasing versus buying a car - low end luxury cars
If you own a car outright, keep it and drive it until it dies.

Unless your car is specifically related to your work to impress clients or something like that, don't waste money buying new cars. Spend your money on something more interesting or keep it in the bank.

This is especially in the face of the forthcoming jumps in electric car tech which means that cars you are buying now will be pointless in 5/7years time.

This is just my opinion and if you're a car nut then obviously your opinion will differ from mine.
09-02-2017 10:51 AM
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h3ltrsk3ltr Offline
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RE: Leasing versus buying a car - low end luxury cars
I've bought 6, leased 3. I worked as a car salesman for over a year.

I get that guys like different cars but the absolute smartest buy for the most people is a 2-4 Grand "beater", Asian make, with 150-250k miles. It's the cheapest yearly in gas and maintenance, it's the least money lost.

Buy from a private seller, put 50 bucks on the title so your registration costs stay low.

That said, low luxury lease is the way to go for you in my opinion. Get all the bells, get the whistles.

Understand you'll need to spend several hours at the place to get a good price. Just wait em out and be courteous.

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(This post was last modified: 09-02-2017 11:02 AM by h3ltrsk3ltr.)
09-02-2017 10:59 AM
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The Beast1 Offline
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RE: Leasing versus buying a car - low end luxury cars
Electric cars won't be a mass viable product in 5-7 years. I doubt electric vehicles will even tip the scales before a more effective fueling alternative is found.

All electric vehicles are a stop gap technology as far as i'm concerned.

Even with tech changes, the depreciation isn't going to be any less severe.

Anywho, never buy new or lease a car unless you've got cash to buy it outright. Worst financial decisions anyone could ever make.

What mechanical problems are you having at 100k? If you've really been following a proper maintenance regiment you shouldn't be having any problems.

Shalom Alechem!
(This post was last modified: 09-02-2017 11:11 AM by The Beast1.)
09-02-2017 11:03 AM
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Okyanus Offline
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RE: Leasing versus buying a car - low end luxury cars
Getting an entry level luxury car is waste of money and resources. Will hve no impact on your pussy reeling potential compared to a Prius.

Get a well aged second hand 911 for 40-50k
Very reliable car, if you cant afford then civic/corolla is the way to go
09-02-2017 11:09 AM
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ComebackKid Offline
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RE: Leasing versus buying a car - low end luxury cars
If you want to spend more money, spend it on higher quality housing rather than car. At least it's (usually) not a depreciating asset.

If you don't have central pad, I don't know why the fuck are you trying to buy "low end luxury car"
09-02-2017 11:16 AM
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Thomas the Rhymer Offline
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Post: #9
RE: Leasing versus buying a car - low end luxury cars
What are you buying/leasing for?

Seems pointless to buy/lease a 'luxury' car just for a daily commute.

On the other hand, if you just happen to enjoy riding luxury cars, you would probably want to rapidly trade in cars so that you can get the next big thrill.
It would make sense to rather have short-term lease agreements and then rapidly switch to the next car for your next dopamine hit.

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09-02-2017 11:29 AM
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RE: Leasing versus buying a car - low end luxury cars
(09-02-2017 11:29 AM)Thomas the Rhymer Wrote:  What are you buying/leasing for?

Seems pointless to buy/lease a 'luxury' car just for a daily commute.

On the other hand, if you just happen to enjoy riding luxury cars, you would probably want to rapidly trade in cars so that you can get the next big thrill.
It would make sense to rather have short-term lease agreements and then rapidly switch to the next car for your next dopamine hit.

For my own enjoyment mostly. I'm not rich by any means, make just over 6 figures and have a very reasonable mortgage. I mostly date women in my income class or higher, so I don't know if a beater is worth it, plus wouldn't look that good when showing up with it and senior directors at work. And most importantly I just don't want a beater. I realize neither option is a great financial decision, but I'm a single guy in low 30s and based off various health issues and diseases that run in the family I don't expect to live passed 70.

Anyway, I live outside Philly limits so the car would get a decent amount of use, but definately not more than 10k miles a year.

Lastly would like to have a nice car to help with SA game, that thread has been eye opening. Whether buy or lease, I could afford to pay off the sticker price in 4 years, which seems to be the rule of thumb.
09-02-2017 12:03 PM
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Okyanus Offline
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Post: #11
RE: Leasing versus buying a car - low end luxury cars
(09-02-2017 12:03 PM)Repo Wrote:  
(09-02-2017 11:29 AM)Thomas the Rhymer Wrote:  What are you buying/leasing for?

Seems pointless to buy/lease a 'luxury' car just for a daily commute.

On the other hand, if you just happen to enjoy riding luxury cars, you would probably want to rapidly trade in cars so that you can get the next big thrill.
It would make sense to rather have short-term lease agreements and then rapidly switch to the next car for your next dopamine hit.

For my own enjoyment mostly. I'm not rich by any means, make just over 6 figures and have a very reasonable mortgage. I mostly date women in my income class or higher, so I don't know if a beater is worth it, plus wouldn't look that good when showing up with it and senior directors at work. And most importantly I just don't want a beater. I realize neither option is a great financial decision, but I'm a single guy in low 30s and based off various health issues and diseases that run in the family I don't expect to live passed 70.

Anyway, I live outside Philly limits so the car would get a decent amount of use, but definately not more than 10k miles a year.

Lastly would like to have a nice car to help with SA game, that thread has been eye opening. Whether buy or lease, I could afford to pay off the sticker price in 4 years, which seems to be the rule of thumb.


Get a 911, you can afford it with 6 figures income as a single guy. 1998-2003
09-02-2017 12:47 PM
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crdr Offline
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RE: Leasing versus buying a car - low end luxury cars
(09-02-2017 12:47 PM)Okyanus Wrote:  
(09-02-2017 12:03 PM)Repo Wrote:  
(09-02-2017 11:29 AM)Thomas the Rhymer Wrote:  What are you buying/leasing for?

Seems pointless to buy/lease a 'luxury' car just for a daily commute.

On the other hand, if you just happen to enjoy riding luxury cars, you would probably want to rapidly trade in cars so that you can get the next big thrill.
It would make sense to rather have short-term lease agreements and then rapidly switch to the next car for your next dopamine hit.

For my own enjoyment mostly. I'm not rich by any means, make just over 6 figures and have a very reasonable mortgage. I mostly date women in my income class or higher, so I don't know if a beater is worth it, plus wouldn't look that good when showing up with it and senior directors at work. And most importantly I just don't want a beater. I realize neither option is a great financial decision, but I'm a single guy in low 30s and based off various health issues and diseases that run in the family I don't expect to live passed 70.

Anyway, I live outside Philly limits so the car would get a decent amount of use, but definately not more than 10k miles a year.

Lastly would like to have a nice car to help with SA game, that thread has been eye opening. Whether buy or lease, I could afford to pay off the sticker price in 4 years, which seems to be the rule of thumb.


Get a 911, you can afford it with 6 figures income as a single guy. 1998-2003

Porsches and all that foreign luxury breaks down like a motherfucker. It's in the shop more than you own it. Make sure if you buy them you're prepared for maintenance costs.
Low end luxury cars scream "I'm a middle manager bitch married to a bitch with 3 kids bro I have to put through college". Don't compromise and limit yourself. Get a real whip homie. First Class Everything!
(This post was last modified: 09-02-2017 01:01 PM by crdr.)
09-02-2017 12:54 PM
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Repo Offline
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RE: Leasing versus buying a car - low end luxury cars
Ha crdr, define a real whip?

Yeah not a fan of Porsches . . . I see more upper class houesewives with them than men. The Q60 in all black tinted out looks real mean to me.
09-02-2017 01:41 PM
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RE: Leasing versus buying a car - low end luxury cars
Well, first you gotta define who you are. Because first thing's first. A real whip is the reflection of a real person.
There are plenty of frauds and phonies who drive lambos and shit because they look good on the outside.
But those cars attract the wrong attention if you're not a real driver.

You need a car that defines you as you define it.
If you have the money it can be anything.
It's the man that makes the car not the car that makes the man.

So a real whip is something that reflects your unique self image.
I have been in the market for a whip for a while... But I went back to when I was most successful with everything.
It was when I was driving a Jeep Grand Cherokee. So I got the older SRT model. This whip crushes most things on the road.
I like fast, independent muscle. Because I'm fast, muscular and independent.

Who are you? A car is a second skin. You find who you are. You will find your car. That's my methodology. I don't buy cars just to buy them.
Not like these 18 year old assholes driving and wrecking sports cars. They don't appreciate anything.

The good thing about buying used is that there is someone like you with your tastes who has taken care of the car just for you.
It's about patience and having the cash on you to pounce on and NEGOTIATE a good opportunity. If infinity is your deal keep your eye on the one that suits you.
You don't have to compromise to a nagging wife or kids or any outside pressure. Your choice is your choice and only your choice....

PS- Every vehicle has a luxury package. A Honda Civic has the bells and whistles of a Lexus... Technology drift is real.
So choose your car wisely. Know your whys. That's smart money.
(This post was last modified: 09-02-2017 02:01 PM by crdr.)
09-02-2017 01:53 PM
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RE: Leasing versus buying a car - low end luxury cars
I'd go with this for around 9-10K

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09-02-2017 02:03 PM
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RE: Leasing versus buying a car - low end luxury cars
From infiniti's national ad...
2017 Q60 3.0T PREMIUM
$429/MONTH LEASE FOR
39 MONTHS
$3,899 INITIAL PAYMENT
Excludes taxes, title, license and options. Retailer Participation Required. For well qualified lessees. Offer ends 10/02/2017.

If you want to do this, you need you some tier one credit (715+) ideally. If you want to do it with no money down, expect to see up to 900/m first pencil.

If it were me, I'd wait for the initial offer, then just throw out what I want minus about 20% for wiggle room. The guy who get the good deals is ALWAYS the gray man, NEVER the asshole.

Sneak your good deal in, keep your profile low so whoever's desking deals won't feel the need to make an example of yours. Be careful about plunking more cash down up front. If they're not ripping you off too bad it's a good way to go (pay more of the ~20K that's in that 39 month term up front rather than adding to you monthly). BUT, they'll take a bite out of it so just bear in mind.

Just off the top of my head, I'd try for under 4k down, under 450/m at 36-39 months. Have them give you gap insurance, have them give you first and plates.

Lol, now I'm interested to see what you end up with. Good luck.

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09-02-2017 02:27 PM
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RE: Leasing versus buying a car - low end luxury cars
I fully support your desire to purchase a nice car.

Notice I said purchase. I'll never understand the leasing concept. A car dealers finance guy will tell you how its the greatest decision ever to lease. They take a red pen and a black pen and move the red one down and the black one up and talk about depreciating assets. Its all bullshit to me.

A friend of mine recently bought an Alfa romeo quadrofoligio which I drove. I was in love right away. I went to the dealer and started all the papers, but then they sort of failed to mention it would take four months to get here until the end.

I'm still looking for something snazzerific. The advice I've gotten says don't buy the base model. I drove a 440i then an m4, and the m4 was just so much better.

Regarding your Infiniti question, don't go near them. The only people that drive those are 57 year old Korean women who own cigarette stores. Or maybe the mamasan of a vietnamese hostess bar. They go with pearl white and cream leather. Trust me.

I say check out the m4.

Aloha!
09-02-2017 02:39 PM
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RE: Leasing versus buying a car - low end luxury cars
Your money will go further with a domestic car or Korean car.

I'd suggest something like a Edge (Titanium) or any of the Titanium/Limited Ford or Lincoln cars. The higher optioned GM cars and SUV's are just as nice.
09-02-2017 02:57 PM
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crdr Offline
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RE: Leasing versus buying a car - low end luxury cars
This is turning into a classic male circle jerk over cars.
Yo Repo, drive the car you like. We ain't driving it for you.
Take the wheels out for test drive. Be tough on your preferences and don't settle until you've found it.

Once you've found it....

Auto sales are slow right now. You'll get a good deal if you know how to haggle.
Nice down payment or all cash. Don't sell your soul to the bank for hunk of metal with four wheels.
First Class it though. Best of travels.
09-02-2017 03:08 PM
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RE: Leasing versus buying a car - low end luxury cars
People here don't seem to understand how leasing works- the manufacturer usually sets an expected value after depreciation for a new car after x numbers of years, and then the dealership charges you that depreciation.

Dealerships like it because they get to you as a customer twice over for options/finance, both when you lease and once the lease ends. As well, at the end of the lease they get to resell the car again, for a much bigger profit than when it was new.

That being said, choose a vehicle you like that doesn't cost a boatload. There's plenty of fun to drive newer vehicles that aren't luxury cars, or are in the under 35 range. Find what you like
09-02-2017 03:14 PM
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RE: Leasing versus buying a car - low end luxury cars
I own a classic luxury car. All in all, i've sunk a ridiculous amount of money into it and it still needs work.

However, i'm a passionate shade tree mechanic and love driving it. I would not be able to afford the car without being able to do my own work.

My advice? Buy a used luxury car from the early 2000s to present. Do some research on it and check craigslist. Look for cars with extensive service histories (ie receipts) or if you get involved with a hobbyist community you can generally get well maintained cars for a good price from honest people.

Do some research into what vehicle gives you a woody. For me, my woody are Mercedes. For others, it's Cadillacs. For some, it's a Nissan Skyline.

Shalom Alechem!
09-02-2017 03:18 PM
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crdr Offline
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RE: Leasing versus buying a car - low end luxury cars
I don't know the exact reasons why you are buying a q60... But, be forewarned... It's the continuation of the g37.
For double the price...

https://en.wikipedia.org/wiki/Infiniti_G..._(Q40/Q60)
(This post was last modified: 09-02-2017 04:04 PM by crdr.)
09-02-2017 03:55 PM
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RE: Leasing versus buying a car - low end luxury cars
I'm not set on any car at this point, still shopping and probably won't purchase till next year. Thread was intended to simply discuss the pros and cons of leasing versus buying. I've never leased a car before, but at first glance it seems to be an attractive option.
09-02-2017 04:14 PM
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Repo Offline
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RE: Leasing versus buying a car - low end luxury cars
That said I'm looking at those Alpha Romeos that Kona mentioned, those look amazing, and seem to have great reviews.
09-02-2017 04:17 PM
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crdr Offline
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RE: Leasing versus buying a car - low end luxury cars
(09-02-2017 04:14 PM)Repo Wrote:  I'm not set on any car at this point, still shopping and probably won't purchase till next year. Thread was intended to simply discuss the pros and cons of leasing versus buying. I've never leased a car before, but at first glance it seems to be an attractive option.

Leasing a car is good if you have a business for tax write off purposes.
I still don't know what a tax write off is.
But leases crush cashflows. Repossessions are going to be very high during a Trump Administration.

I've never leased a car and never will. Knowing that the bank owns my car rather than myself is a nightmare to me. When things go bad, which they will, you will a) paying the expenses of something that you will end up taking back b) You fail to make payments you risk your credit for something that doesn't appreciate or own...

Beta on all counts.
(This post was last modified: 09-02-2017 04:34 PM by crdr.)
09-02-2017 04:32 PM
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