The pros and cons of leasing a vehicle.

   / The pros and cons of leasing a vehicle.
  • Thread Starter
#81  
Thanks for all the replys. The general concensus I am getting is that leasing does cost more money in most cases then buying, especially in the long run. The other thing I understand is it is all how you value your money and what priorties you want to allocate your money towards. Also, trying to save every penny in todays complicated world can drive certain people crazy. Of course in todays economy, you have to try to save the best you can too.

Today we went to the dealership and talked numbers. Without getting into all the math, here is what my wife and I decided. We leased a 2015 ford escape 4x4. Got all the options she needed and can afford the payments. The wife is happy, so that means alot, believe me. Now I dont have to listen to her tell me everyday that something wa as s wrong with her old vehicle. I wanted her to keep running her old vehicle for 2 more years, but she insisted on a newer one.

Leasing should work for her because she prioritizes a very reliable vehicle. Also my thoughts are this. Todays vehicles have alot of electronics and other things that seem to go wrong easier over time and are very expensive to fix, we dont have to worry about that with a lease. All covered under factory warrenty. In 3 years we shouldn't have to worry about tires, allignments, brakes, ball joints, wipers, batteries, bearings, coolant changes, transmission flushes, rusting/rust protection, and some other things that start to go wrong with long term ownership, so this off sets some of the higher costs associated with leasing.

Like I say, leasing is probably not the cheapest way for transportation, but it would appear for my wifes situation and priorities, leasing seems like it will work for her. I wont know for sure right now, but live and learn, as I am up for trying something new for the learning experience. I will let you all know bettr in 3 years. Thanks all again and take care.
 
   / The pros and cons of leasing a vehicle. #82  
Congratulations on your decision! My wife got a new Escape last July and she loves it. I got rid of my old 2001 Chrysler van and got the wife's Jeep that she had before the Escape. I needed the 4WD, but I sure miss my old van for the comfort driving compared to the Jeep.
 
   / The pros and cons of leasing a vehicle.
  • Thread Starter
#83  
Thanks. I like your way of taking over the wifes vehicle for yourself and she getting the newer one. Saves lots of money. It wont work in my case as my wife only likes suv's and I need trucks for my firewood/mowing biz. Tried to talk my wife into driving a truck, and doing the swap down, but she wont drive trucks. Their was nothing really wrong with my wifes previous vehicle, would have been a good vehicle to keep, but it would just sit as we would have no neeed of it. O well, wife is happy with ford escape, so happy wife, happy life!
 
   / The pros and cons of leasing a vehicle. #84  
Hey, it's nice that you updated us with your final decision. Sounds like the right thing for your situation. :thumbsup:
 
   / The pros and cons of leasing a vehicle. #85  
In my humble opinion, some of you guys worry about saving money too much. If you're on a limited fixed income, I certainly understand. Or if you're young and budgeting for your kids' college educations, etc., I understand (and have been there).

But if you're in your golden years and are just being cheap for the sake of pinching pennies, I don't understand. What am I supposed to do, live in a dump and drive a 17 year old car and hoard my money so my kids can p!ss it all away when I'm dead?

I've worked hard and lived fairly frugally my entire life. Now that I'm 62 years old, it's time to enjoy it . . . or at least put it to good use through helping others.

T. Boone Pickens said "At my age a penny saved is a penny wasted!" I won't go that far, but I do sense that some people take pride in squeezing that buffalo nickel just to try to make the buffalo fart.
Great comment Poopy... I mean Pappy (sorry it's late). I see the OP has made a decision but my two cents and since I am giving the two cents away here obviously I am not too frugal...

I have never leased but my recipe the last decade has been to buy a CPO BMW (leased 3 years) for my wife. I drive a F150 truck but like her to have a solid 7 series BMW. After lease these 'loaded' cars are less than half the price and have low miles and they extend the warranty for another 3 years and 50K miles. I keep the car for 10 years. I have a sweet and safe ride for her and I love to drive it occasionally. Done this twice now. I could never afford to lease or buy it new but in coming off a lease (probably owned by a doctor or lawyer) it is in primo shape and we have a great ride for 10 years in a just like new vehicle. I guess this is why I like leased vehicles... I want to be second.
 
   / The pros and cons of leasing a vehicle. #86  
If you knew the same doctors and layers I know you would never feel good about buying one of their used cars as they are the most abusive drivers I ever met!
 
   / The pros and cons of leasing a vehicle. #87  
Names ray best of luck with the new vehicle. Happy wife and all is good.

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