NTers who lease their whips? Vol: new whip every 3 years

[dwalk31]

The downpayment just gets redistributed in the monthly payments. In that scenario, your friend could pay $400/month with no money down, if he prefers. I have heard of people paying for the lease entirely up front, but I don't have any experience with it.

 

[MVP]

How much do you normally put down on a new/used car? My friend bought a 2013 Infiniti in 2013. Paid around 4500 down and his payments are still almost 600/month.

Depends on how much the car was or he maybe got a terrible interest rate.

 

[diego]

My friend was showing me how lexus or audi commercial and it showed "lease for 300/month" but what he didnt see was the "2500 due for downpayment"


Btw, if youre leasing, theres no reason to put a downpayment, youre throwing money in trash basically.

How much do you normally put down on a new/used car? My friend bought a 2013 Infiniti in 2013. Paid around 4500 down and his payments are still almost 600/month.

He got a bad deal. I pay that for a 2017 Benz with a lower down payment.

 

[23kidd]

He got a bad deal. I pay that for a 2017 Benz with a lower down payment.

What homie said.
Bruh 600$ ?! His credit mustve been bad or something. With that down payment he shouldve gotten a lower monthly rate for sure or the salesman played him

 

[dwalk31]

I agree he got a bad deal. He went to the dealership planning to get a car a couple years old. Left ordering a brand new one that needed to be shipped lol. Price was around 60k. He didn't lease it. I think he's planning to lease the next whip lol. It just makes more sense imo. I'm considering a Benz lease after mine is up next year. I hear there's an incentive for jumping ship?

 

[MVP]

Luckily my lease on my Volt is up at the end of next year in December right around Christmas and the time they have all the best discounts as far as year end deals. Think I'm going to look at that Audi RS3 for my next lease.

 

[metsn13]

Luckily my lease on my Volt is up at the end of next year in December right around Christmas and the time they have all the best discounts as far as year end deals. Think I'm going to look at that Audi RS3 for my next lease.

How did you like the Volt?  I've been looking at the used market for the 2014 and 2015's.  I like the flexibility of the ability to go internal combustion for longer trips and pure electric for city driving.

 

[MVP]

How did you like the Volt?  I've been looking at the used market for the 2014 and 2015's.  I like the flexibility of the ability to go internal combustion for longer trips and pure electric for city driving.

I love it. Added perk I get to charge it at my job so I rarely use gas at all. I got it last January and I think in total I've filed up 7 times since I've had it at less than $20 a pop. And that's here in LA. If you're looking at one don't do the older models though 16 and up. They also have the new Bolt which is all electric that gets 238 miles and they still have those federal incentives for electric cars so you'll get a rebate on either one.

 

[jamie dimon]

[emoji]128514[/emoji] @ 4500 down and 600 monthly for an Infiniti

 

[MVP]

[emoji]128514[/emoji] @ 4500 down and 600 monthly for an Infiniti

I just did a quick estimator he must be doing an 84 month financing plan. I could only get the payments down to 808 for a comparable car cost and that's with 0% financing and 72 months. He had to have had a trade in as well worth at least 15k.

 

[polosanddunks]

Guys looking to lease in here don't ever put a down payment on a lease. Your first months, tax title etc is fine for that "downpayment" but putting like 4500-4900 down to have $300/month payments is stupid. That's throwing money away

Do Multiple Secuirty Deposits (MSDs)

 

[blakep267]

Guys looking to lease in here don't ever put a down payment on a lease. Your first months, tax title etc is fine for that "downpayment" but putting like 4500-4900 down to have $300/month payments is stupid. That's throwing money away

Do Multiple Secuirty Deposits (MSDs)

Not really... the point of outing money down is so that the money isnt going to be a huge effect on your budget in the following months and years. Paying $190 a month is better than paying $310 a month for the car. I've leased 2 kias now since 2014( Soul and now a Forte). I've put down 2k each time. Doing so makes my monthly payment about $100 less. I plan on having it for 3 years. So that's me paying about $800 less for putting money down. My brother also got a Kia recently, and he put nothing down. So now he's paying $300+ a Month while I'm at ~$200. And the first month is thrown in for free.

Of course it matters what kind of car you are leasing but if you aren't getttibg an expensive car to begin with, there's no downside to puttting money down

 

[23kidd]

Its a kia though

 

[blakep267]

Its a kia though

I know. I said it depends on what your leasing.

 

[23kidd]

In all seriousness Im just trolling man. Your car is your car, your money is your money.

At the end of the day whatever makes u happy.

 

[bendover]

Your car is your car, your money is your money.

At the end of the day whatever makes u happy.

This.
We should in no way be worried about what another man has going on in his pockets

 

[polosanddunks]

Not really... the point of outing money down is so that the money isnt going to be a huge effect on your budget in the following months and years. Paying $190 a month is better than paying $310 a month for the car. I've leased 2 kias now since 2014( Soul and now a Forte). I've put down 2k each time. Doing so makes my monthly payment about $100 less. I plan on having it for 3 years. So that's me paying about $800 less for putting money down. My brother also got a Kia recently, and he put nothing down. So now he's paying $300+ a Month while I'm at ~$200. And the first month is thrown in for free.

Of course it matters what kind of car you are leasing but if you aren't getttibg an expensive car to begin with, there's no downside to puttting money down

Nah your not supposed to put money down at all. What if you total that car? That 5k down payment is gone. What you should of did is roll that down payment into the lease and put MSDs down. You get the MSDs back at the end of your lease and you would of still had that same low monthly payment. Your brother did it the right way and he could of had the same payments as you if he put MSDs.

It's tied up but at least you get the money back after 2.5-3 years. Your dealer at Kia is finessing you or just not telling you about MSDs.

 

[acemaster193]

Leasing is the way to go. Recurring payments but I have zero worries and have reliability which is what my family and I need

 

[yanky]

I bought my honda accord. I didn't want to buy a brand new one I just couldn't find a low mileage one in the time-frame I needed. I'll have this thing for over 10 years so I'm not worried about depreciation.

 

[freshpairs]

Looking to lease an Accord Sport in the near future.

Wondering if its just better to finance since it is a Honda and will last forever.

If I lease and decide to finance after how much difference would it be money wise than if I just financed from the start? Roughly of course.

Finance bro. I know someone who brought down a 2016 sport sticker priced at $25.9k to $21.7k, out the door with taxes, title etc for $24k even.

 

[SneakerProSr.]

I bought my honda accord. I didn't want to buy a brand new one I just couldn't find a low mileage one in the time-frame I needed. I'll have this thing for over 10 years so I'm not worried about depreciation.

Smart man.

 

[polosanddunks]

You gotta finance those Hondas and Toyotas. Its the Germans and Italians you gotta lease

 

[diego]

Looking to lease an Accord Sport in the near future.

Wondering if its just better to finance since it is a Honda and will last forever.

If I lease and decide to finance after how much difference would it be money wise than if I just financed from the start? Roughly of course.

Finance bro. I know someone who brought down a 2016 sport sticker priced at $25.9k to $21.7k, out the door with taxes, title etc for $24k even.

To be real, there are ways to finesse the financing game.
Got a homie that brought out a loner car used at the Audi dealership.
Don't remember the numbers but got a great price on a A4 that had like 200 miles.

 

[$tacy]

First months payment and fees for down payment [emoji]128526[/emoji]

 

[utvol23]

Owning a luxury vehicle isnt a big deal you just have to expect and be ready for higher repair bills.

Unless you run into major issues you still save more on most paid for cars than keeping a payment. Especially if you properly maintain your cars.

If you have a 4-600 a month car payment do you really think you would spend 4800-7200 a year on repairs if you no longer had the payment and saved that payment?