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Tagged With "CAR"

Topic

Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Theodora ·
I'm not entirely sold. Curious to hear everyone's point of view on this.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

lismox ·
My husband leased a truck a few months ago and I have to say I've really enjoyed having a backup camera and the noise that comes on when I'm drifting out of my lane.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

KellyFromKeene ·
@lismox , I look forward to this in my next vehicle! I drove a rental that had the blind spot detector and thought that was the best invention.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Susan L. Miller ·
I leased my 2018 Ford CMax and it made great sense for me. I made a down payment of $1500 and my monthly payment is $287. I feel very safe and secure, and when the lease is up next year I may go ahead and buy the car, or turn it in and lease a newer model. I have excellent credit, and drive very low miles, and the payments work very well for me. I did my research before, and now I feel this is the only way I will get a car in the future. Again, it works for me!
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

socgirl ·
I have a cousin who does that. she leases cars. idk why. from what I understand you have to sign an agreement on keep up and how much mileage you have to have, then you have to have full coverage insurance. I personally have NEVER owned a car that is less than 10yo. however, I also buy good used cars. this way I don't have to have a car note, or full coverage insurance
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

marcdjones ·
I've have been leasing cars since 2011. At first, it was a good idea for me as I was not driving that much and I would be able to get a new car within 3 years but as my family work structure has changed, it does not fit me anymore. I definitely plan on bringing my current lease back next month and get a slightly used car (2015 or 2016). This should be more economical for me in the long run.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

socgirl ·
I just said that I personally do not agree w/ leasing cars. I tend to feel that it's to expensive to lease. MarcDJones, I agree w/ you. my dad just bought my mama a new to us, new minivan. it's 6 years old
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Moore Income ·
I have not personally leased a car and have always been told it is not the best idea. I am not entirely sure how exactly it works but from what it sounds like, if there are restrictions to how much you can drive it, it would be a terrible idea for me as my wife and I love to take road-trips and I also drive for delivery. (We put in over 1K miles this weekend alone!) So far, I have bought a used car from a private seller and paid cash and also bought a used car from a dealership on a loan and...
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

TinaS ·
Years ago I read that people lease cars so they can ensure they have a new card every five years or so. So essentially renting the car over time. I have heard about the bells and whistles that go with it though, so I don't know exactly how it works, but I know I couldn't do it.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Susan3 ·
I am a divorced and retired person who has been leasing a vehicle for some time. I do not think that it is a good financial move, however, for me it works. I do not put many miles on a vehicle and I enjoy driving a new car which I don't have to deal with maintenance. For these reasons it works for me.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Lauren Simpers ·
I've been in the car industry and can tell you there are many pros to leasing if you are the right candidate. I typically lease my vehicles because I enjoy always having the newest model that typically has the best fuel economy with all bells and whistles at a fraction of a traditional loan payment. I'm also not one to work on my vehicles or want to pay a mechanic so always being under warranty affords me the luxury of only putting gas in it and doing my regular oil changes. Leasing CAN be a...
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

socgirl ·
I personally feel that leases are not a good idea. In my family, I have a cousin who does that, but no one else. That cousin likes to always have a new car. However, for the average person, it's not a good idea. Think ab it this way. When you lease a car, the same way as buying a car and having a car note, you are required to have full insurance, that means that you are requiring a lot of extra expense and the average person is not capable of this.
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Lauren Simpers ·
You are correct! A lease does require full coverage. I was raised that insurance is for the "I hope I never need it, but in the event I do.. I'm covered" mindset so whether I lease or not, I always carry full coverage. Keep in mind a lease payment on a car vs. the same car financed is roughly $100 less a month. What I was trying to get at on here was that, it was always frustrating when someone was a great candidate for a lease and would save more money, but was always told it was "bad" and...
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

socgirl ·
Okay. I wasn't aware that a lease payment was less than a car payment. I personally drive old cars and take care of them. for instance next week I've gotta go get the oil changed bc it's due. the first 4mos of the year, I did deliveries out of my car, but as it is 100 degrees here in the shade w/ the heat index, I personally have stopped doing deliveries
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Re: Suze Orman says CAR LEASES are always a BAD financial move - do you agree?

Lauren Simpers ·
Yes, they are considerably less. That said; owning a vehicle outright like you do and taking great care of it is a perfect example of someone who wouldn't benefit from a lease. It's all about finding out what's right for YOU!
Topic

Should I get a new or another used car?

Rick Campbell ·
I have never had a brand new car, one the color inside and outside that I want. I settle for a car I like, used. I try to get gently used, 1 to 4 years old, low miles, but still, usually those are not the color inside or out that I would choose but can deal with. I am considering ordering a car exactly how I want it, inside and out. I know financially this is stupid. But I would for the first time have a car exactly how I want it. So, should I order my first brand new car exactly how I want...
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Re: Should I get a new or another used car?

Andi Lyn ·
Well Rick you should stick with a good used car
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Re: Should I get a new or another used car?

irishnanny ·
i think you already made your choice , you know the old saying, we only live once, if you can afford it, go for it
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Re: Should I get a new or another used car?

Arica ·
Yes, sounds like your minds made up. My current car I also wanted particular interior/exterior colors, it took me two years to find exactly what I wanted and I still love my car and Im glad I waited and shopped around. It was 4 years old when I bought it, as I personally cant justify buying a brand new vehicle.
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Re: Should I get a new or another used car?

Dear Penny ·
@Rick Campbell If you can afford a new car and you really want one, go for it! Sometimes it's worth it to be frugal in other parts of your life so that you can splurge on something you really want. Whether you decide on new or used, is it possible to wait to make your purchase? Car prices for both new and used vehicles are unbelievably high right now so it would probably pay off to wait just a bit. As an example: I was curious so I got an online quote to see what I could get for my 2016 Kia...
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Re: Should I get a new or another used car?

redcatcec ·
Have had new and used cars, and would never do new again. The new ones loose about 33% as soon as you drive them off the showroom floor or the lot. We have found that Carmax is very fair on their trade in offers and outright sales. Buying a used car from them lets someone else handle the initial problems during the breakin period. If you opt for new, and have a note on it, buy the gap insurance, it is well worth it.
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Re: Should I get a new or another used car?

Rick Campbell ·
I think in this case, like many others, if you have to ask, you know your answer. I looked at the crossover I want, new and used/new. When I say used/new, I mean same year as new but previously owned, rented, leased or used for loaner. So low miles, but, driven off the lot you can say. The cost is about $10k to $15k cheaper, so there is your quick depreciation. I guess my thing is this, I can find the car I want with SOME of the things I want, barely used, cheaper. BUT, it is not the COLOR I...
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Re: Should I get a new or another used car?

Gabby ·
If you really want a new car and it's financially in your ability then have some fun. However, if it's about the numbers game and you want to look into it, have you ever done the math on how much it would cost to grab a used and then just have a shop turn it into what you want? Sometimes that's an easy work around to get the same kind of style/design/car you actually want for less depending on what you want done. I have an 04 hatchback that has always been a warm weather car so its got a...
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Re: Should I get a new or another used car?

Rick Campbell ·
I guess the car I am looking at is not a dream car, more of a nice and comfortable car to drive and be in for long trips, which I hope to take more of in the future. A dream car eould probably be something sporty but considering I just sold a Corvette Convertible because I seldom drove it, its more about having a nice comfortable daily driver. Sadly my current car kinda spoiled me with a lot of convenience and driver assist things so of course if I get another one it has to be equal or nicer...
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Re: Should I get a new or another used car?

Savingsmama ·
I have ordered the car I wanted (years ago) but would not do it again. The salesman forgot to order power steering! Being very young and naive I took possession of it, drove it off the lot and discovered his error. Then the dealership played a game with me, one day saying they could install power steering but I'd have to wait for them to get the parts which would take about 2 weeks, then said they couldn't install power steering. This went on for about 2 months when my employer stepped in to...
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Re: Should I get a new or another used car?

Rick Campbell ·
I think I am going to wait and then buy a barely used one with under 10k miles that has the interior that I want. If I hate the exterior color I can get it wrapped which would protect the original paint anyway and give me the color I want, maybe even a better color because I dont have to stick with just what the manufacturer offers. Thanks to everyone, and thanks for the input.
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