@305Hackr pretty much hit it on the head, but I will add, it is an easy way to manage finances.
Even though the lease is short term, 2 or 3 years, it’s a long term plan.
I am never going to have a 6K engine rebuild or 3K transmission rebuild job. I will never have to clear out the savings account to buy a 5K piece of crap, because my last 5K piece of crap blew up. My cost to drive “A” really nice new car from here till I die, is my lease payment. That’s it! I know I am over simplifying here, but you get the point. I do not have to deal with spikes in expenses. Add to this a new smelling, fartless car every 3 years, and I am happy camper.
sure, first I setup $550 max mo budget on car. my last 2015 Audi A3 which was 6mo old when purchased at more than 25% msrp ~$26k Finance at 48 mo. Sold at year 4 at ~52% off msrp and this is the equity I referring to. Thanks.
I lease because the thought of owning a car and the inherent risks - repairs, resale value hit, diminshed value - are not for me. I’ve never bought a set of tires or had to take my car in for more than an oil change. I typically spend $350-425/month for a reliable $40-50k luxury sedan. I also drive very little (<7k a year) and like to get new cars constantly.
And also it’s fun trying to see how cheap I can get into a luxury commuter car every 2-3 years. I know people that lease Honda Civics for more than my Audi A4.
Your comment makes NO sense. You lease Audi A4 for more than Honda Civics? But you drive 7K miles/yr. So how could you compare say a Civic Sport Touring with an MSRP of 30K to an Audi A4 with an MSRP of $37K, but you might get a 36/24K Lease. Is an Audi A4 better than a Civic Type R or even a Civic Si?
Dude, your response makes even less sense. You’re sitting here comparing performance focused cars to an entry level luxury car. If I can lease an entry level luxury car at the same price of a Civic touring, id take the luxury car.
That was the point Mah was trying to make. It was the value proposition, better on his A4 than on a Civic touring. No mention of Type R anywhere.
He’s suggesting that the game of leasehacking is fun to see how cheap of a payment we can get on some of the highest priced cars. He’s driving an A4 for much less than what the typical general public is driving a Honda civic for.
I lease because …I don’t want to marry the car…I just want to date it for 2-3 years. I get tired or bored with the cars I lease (some faster than others) and like not having to worry about big maintenance bills. Also, for the years that I owned some expensive cars, I was always worried about parking lot dings and dents, stone chips, carfax reports, etc. As a “rental”, its basically normal wear and tear and I walk away when the lease ends.
That’s true, but… After you return your lease, the depreciation moving forward is the bank’s problem - not like you have something in your garage for years and it is depreciating every month (granted, the depreciation curve is not that steep after some time).
I like to lease also to not have to deal with mechanical/electrical issues (i.e., finding a mechanic, waiting for stuff to be fixed and pay for that).
What? I lease an Audi A4 (a well equipped one, I don’t lease base trim models) for less than a many people lease a Civic for (a regular one like an EX or Touring).
And yeah, I’d say an A4 is “better” than a Civic Si or Type R. I don’t get people’s fascinations with dressed up economy cars.
