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Someone needs to buy a new car so everyone else can get that deal on a used one. I played the lease game before, ended up driving brand new cars for around $200
by pureliquidhw 5y ago
Someone needs to buy a new car so everyone else can get that deal on a used one. I played the lease game before, ended up driving brand new cars for around $2000 a year. After 10 years I paid around 20k, sure, but I also had a new car every 2.5 years (dealers are always buying out leases to get you into a new new car).
New cars aren't, or at least weren't, always this massive financial blunder people claim.
If it ends up costing you a few grand more per decade, why not lease, live within bumper to bumper warranties, and create the vehicles people actually seem to want, used ones.
- adwi 5y agoWhat cars were you leasing for $167/mo?
- xf1cf 5y agoSeveral budget brands have leases this cheap. Hyundai, Kia, and Honda all come to mind. I'm pretty sure just the other week I saw a car lot commercial offering somewhere in the ballpark of this amount for a Kia.
- sbierwagen 5y agoYou can lease a Nissan Leaf for like $100 a month.
- deleted 5y ago[deleted]
- Scoundreller 5y agoI'm seeing US$159-$199/month. https://www.greencarreports.com/news/1129864_nissan-leaf-lease-deal-tops-october-roundup-for-evs-hybrids-phevs https://www.greencarreports.com/news/1129864_nissan-leaf-lea... Basically unobtainium lease rates outside of USA. In Canada, I'm seeing ~US$400/month for 60 month lease on a Leaf, and 40% more on a 3y lease: https://www.leasecosts.ca/en/cars/nissan/leaf-s-electric/2021/cvt/2wd https://www.leasecosts.ca/en/cars/nissan/leaf-s-electric/202...
- mattlondon 5y agoLikewise in the UK - Nissan leaf is about £300/month or about 415USD. I feel like leasing in the UK is not a good deal, at least to me. I think a fair amount of people outside of tech get a company car allowance that probably props up prices a bit - I don't see why anyone else would pay these rates unless they absolutely must have a new car Vs a used one
- shiftpgdn 5y agoYou could get a Chevy Bolt fairly recently for like $30/mo.
- snotrockets 5y agoFrom my own research, those numbers requires you to make less than ~$65k for various tax rebates. Actual cost in CA for a Bolt is more like ~$200/month for a 10mi/year lease (which isn't a bad deal in itself, but far from $30).
- dtnewman 5y agoI had a Hyundai Elantra for $165/month after tax plus about $300 in various fees at the start of the lease. But to get great lease deals you have to love the process of seeking them out and negotiating. Otherwise, just suck it up and pay a bit more, save yourself some time. Rodo.com is a great place for many decent lease deals where they’ll even deliver the car to you.
- Retric 5y agoLease payments aren’t the issue with that strategy, taxes are. All told I am probably spending about 1/2 or less what you are per decade by swapping leases every 2.5 years vs buying new and keeping it until it’s not worth maintaining. And that’s with buying nice new cars and always getting it repaired at the dealership. Which conversely means you can also drive a nicer model at the same price.
- JKCalhoun 5y agoAnd probably requiring full coverage on insurance. New cars remind you every year how much you paid for them....