Are you leasing or buying? - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

KidWonder · 12-14-2011, 11:19 PM

I'm probably going to lease because I'm a teenager and I want this car A.S.A.P. And no Mommy or daddy will not get it for me. I'll try to save every paycheck I get. And I want to get it before college so it'll be like 2.5 years of saving up. You guys think I can do it? So are you buying or leasing? God bless . I'm hoping it's not 25k.....

Agentzero13 · 12-14-2011, 11:32 PM

Im 18 and i leased my genesis coupe, but the FRS is my nxt car and im not sure which im doing lol most likely purchase

Hawx · 12-14-2011, 11:32 PM

Well I'm 19 and have University next year, I've done the math and it will take me about 2-3 years to get this car and have some money left over. So I'll end up leasing it, that's after I buy an MKIV Supra in the next 6-8 months! lol Counting down the days

KidWonder · 12-14-2011, 11:45 PM

Quote:

Originally Posted by Agentzero13

Im 18 and i leased my genesis coupe, but the FRS is my nxt car and im not sure which im doing lol most likely purchase

Dude! That's amazing,where do you work? I think I might have a chance.

Agentzero13 · 12-14-2011, 11:49 PM

I work for a nissan and hyundai dealership lol and my moms and brother work for toyota! Rivals for life!!!

daphaze1 · 12-14-2011, 11:58 PM

Quote:

Originally Posted by KidWonder

I'm probably going to lease because I'm a teenager and I want this car A.S.A.P. And no Mommy or daddy will not get it for me. I'll try to save every paycheck I get. And I want to get it before college so it'll be like 2.5 years of saving up. You guys think I can do it? So are you buying or leasing? God bless . I'm hoping it's not 25k.....

All I know is car repo business went up like 600% two years ago =D. The guy scared the crap out of me. They told me they love college students. I starved myself eating cup n noodles until I paid off my Prius. Took me a year but I got there. =D I didn't want to be carless, but at least I am debt free now. Oh and hot dogs.

Neutral_Eyes · 12-15-2011, 12:01 AM

I wouldn't pay for a long-term rental.

KidWonder · 12-15-2011, 12:10 AM

Quote:

Originally Posted by Neutral_Eyes

I wouldn't pay for a long-term rental.

That's true, but it will take so long to get atleast 17k for a used one after a couple of years.

Dillano609 · 12-15-2011, 12:12 AM

I'm only 18 and I plan on buying this car when it comes out. I'm saving a few more grand and then gonna put a nice down payment. No point in leasing a car I want for years to come. Doing this while being in college is gonna be tough, but I'm thankful that this car should have a good base price that I can handle payments on.

KaliKev · 12-15-2011, 12:13 AM

Save your money and buy used. You can either work for your money or have your money work for you. Don't be foolish IMO...

JDLM · 12-15-2011, 12:17 AM

In a way the "down payment" is a scam to me ...for every $1000 they knock off what 10 dollars .....

I like to just get the car may 1 or 2 large payments toward the principal and pay before the interest hits

RRnold · 12-15-2011, 01:04 AM

Quote:

Originally Posted by KidWonder

I'm probably going to lease because I'm a teenager and I want this car A.S.A.P. And no Mommy or daddy will not get it for me. I'll try to save every paycheck I get. And I want to get it before college so it'll be like 2.5 years of saving up. You guys think I can do it? So are you buying or leasing? God bless . I'm hoping it's not 25k.....

If you plan to keep this car for a long time, leasing the isn't the right solution and you can end up paying more in the long run. I think you should get rid of the "need it now" mentality because that might lead to regretful decisions, especially when it comes down to signing the paperwork. If you have a car to get you around, I would wait. There is no benefit for having the first one.

Quote:

Originally Posted by KaliKev

Save your money and buy used. You can either work for your money or have your money work for you. Don't be foolish IMO...

Quote:

Originally Posted by JDLM

In a way the "down payment" is a scam to me ...for every $1000 they knock off what 10 dollars .....

I like to just get the car may 1 or 2 large payments toward the principal and pay before the interest hits

Scam isn't the right terminology. Putting more down means less to finance with 1k to 10 ratio still in effect. It's better to span it over 60 months so you'll have a lower monthly but always double what you apply per month. It'll be paid off sooner than you realize.

Believe it or not but I believe in the Suzie Orman rule; have at least 3 months of all your payments saved as your emergency funds. This will help gauge what you can and can not afford.

JDLM · 12-15-2011, 01:06 AM

Yeah wrong wording indeed, it's been awhile since I have financed a car should be interesting lol

MRZ415 · 12-15-2011, 01:22 AM

I am going to buy ... trade in my current car ... and finance the rest
(( I know I'll be down 10k or so... by next year ))

12-14-2011, 11:19 PM	#1
KidWonder Senior Member Join Date: Nov 2011 Drives: 2004 Volkswagen Passat Turbo Location: Cleveland Ohio Posts: 175 Thanks: 0 Thanked 1 Time in 1 Post Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Are you leasing or buying? I'm probably going to lease because I'm a teenager and I want this car A.S.A.P. And no Mommy or daddy will not get it for me. I'll try to save every paycheck I get. And I want to get it before college so it'll be like 2.5 years of saving up. You guys think I can do it? So are you buying or leasing? God bless . I'm hoping it's not 25k..... Attached Images

12-15-2011, 12:12 AM	#9
Dillano609 Teh O1d 5oul Join Date: Nov 2011 Drives: 97' Nissan Maxima SE, 04' BMW 330ci Location: Chicago, IL Posts: 91 Thanks: 0 Thanked 1 Time in 1 Post Mentioned: 0 Post(s) Tagged: 0 Thread(s)	I'm only 18 and I plan on buying this car when it comes out. I'm saving a few more grand and then gonna put a nice down payment. No point in leasing a car I want for years to come. Doing this while being in college is gonna be tough, but I'm thankful that this car should have a good base price that I can handle payments on. __________________ Proud owner of a 2004 BMW 330ci 6-speed

12-15-2011, 12:17 AM	#11
JDLM Senior Member Join Date: Dec 2011 Drives: 2009 BMW 335i Location: Olathe, Kansas, United States Posts: 718 Thanks: 0 Thanked 42 Times in 5 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	In a way the "down payment" is a scam to me ...for every $1000 they knock off what 10 dollars ..... I like to just get the car may 1 or 2 large payments toward the principal and pay before the interest hits __________________ AWE90/ZSP/ZPP/2XA/NAV/HID/DPE////M/EAS/Disma

12-15-2011, 01:06 AM	#13
JDLM Senior Member Join Date: Dec 2011 Drives: 2009 BMW 335i Location: Olathe, Kansas, United States Posts: 718 Thanks: 0 Thanked 42 Times in 5 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Yeah wrong wording indeed, it's been awhile since I have financed a car should be interesting lol __________________ AWE90/ZSP/ZPP/2XA/NAV/HID/DPE////M/EAS/Disma

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12-14-2011, 11:32 PM	#2
Agentzero13 Junior Member Join Date: Dec 2011 Drives: 2010 genesis coupe 2.0t Location: orlando, FL Posts: 7 Thanks: 0 Thanked 0 Times in 0 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Im 18 and i leased my genesis coupe, but the FRS is my nxt car and im not sure which im doing lol most likely purchase

12-14-2011, 11:32 PM	#3
Hawx Skill is key Join Date: Oct 2011 Drives: Mazda 6 Location: Sydney Posts: 105 Thanks: 0 Thanked 1 Time in 1 Post Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Well I'm 19 and have University next year, I've done the math and it will take me about 2-3 years to get this car and have some money left over. So I'll end up leasing it, that's after I buy an MKIV Supra in the next 6-8 months! lol Counting down the days

12-14-2011, 11:49 PM	#5
Agentzero13 Junior Member Join Date: Dec 2011 Drives: 2010 genesis coupe 2.0t Location: orlando, FL Posts: 7 Thanks: 0 Thanked 0 Times in 0 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	I work for a nissan and hyundai dealership lol and my moms and brother work for toyota! Rivals for life!!!

12-15-2011, 12:01 AM	#7
Neutral_Eyes Softparker Join Date: Jan 2011 Drives: 2002 Mazda Miata Location: Arizona Posts: 618 Thanks: 0 Thanked 4 Times in 3 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	I wouldn't pay for a long-term rental.

12-15-2011, 12:13 AM	#10
KaliKev FT86 News Addict Join Date: Sep 2011 Drives: Toyota FJ Location: United States Posts: 386 Thanks: 3 Thanked 42 Times in 26 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	Save your money and buy used. You can either work for your money or have your money work for you. Don't be foolish IMO...

12-15-2011, 01:22 AM	#14
MRZ415 Senior Member Join Date: Dec 2011 Drives: 2015 Subaru WRX Location: San Francisco Posts: 339 Thanks: 41 Thanked 14 Times in 11 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	I am going to buy ... trade in my current car ... and finance the rest (( I know I'll be down 10k or so... by next year ))

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