C'mon now, you can't tell me that you don't have a favorite pair or a lucky pair of underwear.

Every man should have a lucky pair of drawers. Without which life is not worth living.

 

I am partial to my Scooby Doo underoos....wait..did I say that out loud?

 

I agree. Thats why leasing is not for everyone. All depends on your objectives.

Now i dont agree with leasing a Honda or Kia. The value is so low, by the time the lease has ended you would have paid for approx. half the car. Not the same story with higher end cars. (Vette, Porsche, Caddy, Benz, BMW...)

When leasing approx. $30k + cars you pay about 1/3 (depending on down payment and term)

 

I knew it.

 

And a lot of what I have been saying here is just stirring the $***. :

I am actually at a crossroads somewhat myself, with the ZR1 and the GT-R. Plannning to make a move on one or the other in about a year, but want to keep my Z06 too.

One guy here got a great lease deal on a GT-R. Had a service agreement, and his lease would run out at around the time of the big mainetenance costs came up.
http://forums.corvetteforum.com/show...post1566999079

Its not a car I would buy, but perhaps one I would lease. It seems like a fun car to drive, all wheel drive, performance and can be driven year round, unlike my Z06.

The ZR1 is a great car, but try as I might, I'm just not liking it enough to drop the kind of dough on it required to swing it. Especially because I know that it is going to depreciate just like all Vettes do. And probably even worse than most.

 

My buddy called me from an Auction a few mins ago. Hes been watching a GT-R. The one he wanted sold for $90K. I am not a huge fan of the looks but that car really performs!

Thats the problem with expensive cars. They do depreciate fast. The only car that i have owned which didnt depreciate rapidly was my 04 Cobra.

 

According to KBB, the Corvette holds value, as a percetange, better than any other car in America. So in fact, it doesn't depreciate rapidly. That's why leasing is a vette is so appealing in the first place. You'd never want to lease say a Dodge Ram b/c the lease payments would be more than regular payments b/c of the extremely fast depreciation over the first few years.

 

Without getting into the lease vs. buy edtorial issues, your thought of buying the car you have may be a good alternative. If the end of lease value is market adjusted, this is the best time in history to buy a Corvette.

As you stated, you know the car, it's service record and would like to keep it. If it's fairly (bargain) priced and you can afford it...

 

That is what I am shooting for

 

I was unaware that the residual price may be adjusted to market value? I never inquired because i never wanted to keep any of my other cars but i would consider keeping the vette if the paint was in good condition and it was running perfect. I do know you would have to pay tax again on the residual...

 

You would have to pay tax on whatever price you purchased it at, not necessarily the residual. And you don't want to be too attached. You want to make the dealer think that you're ready to walk away.

 

just buy the one you have and be happy with it

 

of course

 

This is a timely topic for me because I am seriously considering replacing the two Daily Drivers in the family with leased vehicles. I can well afford to buy both vehicles, but am choosing not to.
I own the two we have now and although they’ve served us well, I’m not so sure I want to own any other cars we use daily anymore. I’ve leased in the past and it worked out really well for me. I liked the idea of being able to drop the keys on a desk after three years and walking away. It may or may not cost me a few bucks more in the long run, but if it does I can afford the advantages that leasing offers.
I bought my last Daily Driver because I felt that I wouldn’t be putting as much mileage on it as I had put on past cars and I decided to keep it longer. I’ve had that vehicle for six years now and have figured out that with depreciation, maintenance, and repairs, it would have been cheaper had I leased it for three years and then replaced it with another three year lease. Plus, I wouldn’t have to choose between selling it privately and taking a real bath by trading it in.
Unfortunately, it doesn’t seem like the American car companies are interested in leasing right now so it looks like I’ll probably be going Japanese this time. They still have plenty of lease incentives listed on their websites.
I have two very old and close friends that are sales managers in car dealerships. One is in a Chevy store, and the other is in a Ford store. The lack of good lease deals by their manufacturers is killing them. Hopefully the American car companies will find renewed faith in the residual value of their products so that they can once again offer lease incentives before they get totally wiped out.

 

You make great sense.
There are many valid reasons for leasing other than inability to buy.
I bought and paid for my C6 because I could and when I got it I knew I intended to keep it at least until the second year of the C7's. It is one of two cars that I have that are driven purely for pleasure and has very little mileage put on it. In fact I might either keep it, or pass it on to one of my kids when I get a new one.
But, after having owned the current DD's in the family, I've decided that I want the luxury of new ones every couple of years, don't want to be bothered with repair issues, and don't want to deal with selling cars privately anymore. So, going back to leasing is a real possibility for me right now. The only problem I'm having, as I stated in my previous post, is that the American car companies aren't offering any incentives right now becuse of the low resale (or residual value) of their products.
Hey! Come to think of it; if they aren't willing to bet on the value of one of their cars a few years down the road, that should tell me something.

 

Unfortunately most american cars do not hold their values well. It's a sad but true fact. The corvette is about the only Chevrolet vehicle that it makes sense to lease and the Chevrolet dealership I got mine from said they did very few leases and only on vettes.

Good cars to consider are japanese and german. Altimas, Jettas, Accords, Camrys all have decent lease options. You won't find that on a Malibu or Fusion. Now if you're looking to get a truck I don't think it would make sense to lease anything, not even a Tundra, but that's a whole different situation right now.

 

Then again I don't have a problem leasing my DD as the Vette is my DD.

 

For whatever it is worth, I gave up on leasing a long time ago. I buy 1-2 year old cars with low mileage and ended up with a stellar stable and low to no payments at all. Works for me. Not a good strategy if you like to car hop into brand new cars, obviously.

 

See, I only buy trucks or sports cars and I don't trust either of those used from someone else. They can both too easily be abused. I'd never buy a car from myself.

 

One word for you www.leasecompare.com You make the deal with the local dealership, they lease you the car....easy..