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BRZ First-Gen (2012+) -- General Topics All discussions about the first-gen Subaru BRZ coupe


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Old 02-12-2018, 09:45 AM   #15
Tcoat
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With the deals in Canada, leasing is the best option for keepsies.

Leasing and Financing was the same interest rate when I bought mine. @0.9% I'd rather defer as much payment as possible because...0.9%. Though there is a $495 lease paper work, the fact that if I got into a major accident during the lease that significantly decreased the value of the car, I have the option to give the car back at the residual (option is always better than no option). Lastly, if I do give it back or transfer lease, I only paid tax on the depreciation, not the full amount. I would rather lease than finance given the above trade offs.

At the time, there was a $1000 cash incentive which meant the informational rate was I believe 2.64%. That is still fairly low, and like someone else mentioned, I'd rather have my cash in the stock market or for a rainy day.
Those are all valid points. My statement that you quoted was only in reference to people that lease with the intent of buying the car at the end. The actual lease isn't the issue the purchase after the lease ends is. Unless you pay cash you will usually get hit with a higher "used car" rate if you finance after the lease.
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Last edited by Tcoat; 02-12-2018 at 03:37 PM.
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Old 02-12-2018, 02:12 PM   #16
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Guess ill keep my BRZ stock then trade it in for the newer one and just finance that one.
I never expected to love the BRZ so dam much.
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Old 02-12-2018, 03:29 PM   #17
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Do not lease to own this car or any other.

I leased a 2013 tC because at the time I needed the smallest monthly payment possible (in short, my future - financial and otherwise was very cloudy). After 24 months of payments, I still owed $15K on $22K car. My payments would've gone from $200/mo. to $350/mo.... for a 2-year old car out of warranty... for another 4 or 5 years.
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Old 02-12-2018, 03:37 PM   #18
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Do not lease to own this car or any other.

I leased a 2013 tC because at the time I needed the smallest monthly payment possible (in short, my future - financial and otherwise was very cloudy). After 24 months of payments, I still owed $15K on $22K car. My payments would've gone from $200/mo. to $350/mo.... for a 2-year old car out of warranty... for another 4 or 5 years.
This ^ This is what I meant!
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Old 02-12-2018, 03:43 PM   #19
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My parents leased a 2005 Escalade worth 60k. In 2008 during the financial crisis and gas crisis, my parents turned in the car taking advantage of the $35k residual that was agreed upon, while others had to sell their similar SUVS around $20k.
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Old 02-12-2018, 07:42 PM   #20
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Fair point, however in the medium to long term the stock market will increase. Like most things in life nothing is guaranteed, for the inexperienced investors I should have included the following:

DISCLAIMER:

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, investors may lose more than their original investment.

Or to put it another way. You need to keep an eye on your investment/gamble to minimize the risk.
Or to put it yet another way, the market is just like Vegas.
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Old 02-12-2018, 08:49 PM   #21
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I leased because I was not sure if the car would workout. being a two door car with almost no back seats and wondering if my growing kids could fit. 1.5 yrs later and I love the car, have a lot of miles and have modded it. So I will be buying it because its a great car. yes I will pay a little bit more than had I just bought it outright. Also, thought if there was a better BRZ out in three years I would turn it in and get the new one. But I doubt there will be any meaningful changes. This was my first lease, I own three other cars with no payments which is great. So what little money I have lost on the lease I have gained with my 04 WRX and no payments for 9 years and still going strong.
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Old 01-12-2023, 12:08 PM   #22
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Never rent a car for a long period of time. It is never profitable for the renter.
Spam link inevitable. Bot reported.
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Old 01-12-2023, 02:03 PM   #23
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Hmm. I think it's better to consider buying a car on loan rather than long-term leasing.
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Old 01-13-2023, 05:37 AM   #24
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Hmm. I think it's better to consider buying a car on loan rather than long-term leasing.
Never driven a tire before.
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Old 01-13-2023, 07:25 AM   #25
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Hmm. I think it's better to consider buying a car on loan rather than long-term leasing.
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Old 01-13-2023, 10:35 AM   #26
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If you lease a car you have most likely invested into something that you either cannot afford, or you'd better have some longer term plans.

Isnt leasing how most people get into luxury brands of 60k+ dollars? I dont see anyone dropping 1000+/month on just a car payment unless they either stretch that out incredibly long, have an incredibly huge down payment or makes huge amounts of money where 1k/month isnt a big deal.

We leased our X1 (4 years) and bought it out (3 years loan). Had to dump as much down payment as possible to make the 3 years work out for us though. Buying out in the midst of the pandemic helped the buyout price become far more attractive too haha (the used car market pricing was starting to creep upwards at this time).

I don't know how we could have gotten the X1 at all at the time without 2 car trade ins (2007 Versa + 2015 Honda Fit....not a lot but it helps) and another 10k on top of that. Oh and just so you know, we're not rich, we're pretty much middle class and we were pretty well off at the time (far better now than back then) but the financial gymnastics needed to make it work out (an emergency financial situation would not have hurt us for example) always makes me wonder how the hell some people can "afford" these things without the aforementioned shiton of money available to them.

I suppose the car payment (being a reasonable monthly amount) being the only real debt we had at the time (We were renting, and we had no piled up credit card debts or other debts) makes it manageable.
Compared to now where we have 2 car payments (2 more years for the X1 as of this writing, and 4 more years for the 86, both roughly the same amount per month) and a mortgage, credit card debts perfectly manageable (usually just pay it off outright every month) Theres no way i would have gone with or was willing to have a second car that was a luxury brand (affordability being one of the great things about the 86) without the X1 being paid off first.
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Old 10-25-2023, 07:06 AM   #27
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Hi @Sasquachulator, you've made some interesting points about leasing and buying cars. It's true that leasing can make luxury brands more accessible, but it often requires careful financial planning. Your experience with the X1 and the buyout during the pandemic illustrates the financial flexibility needed to make it work.
If you ever find yourself in a situation where you're looking for financial advice, especially when it comes to mortgages or any other financial matters, resources like a Mortgage Broker in Bath can provide valuable insights and support.
It's clear you've thought through your financial decisions, and that's always a smart approach.

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Old 10-25-2023, 07:20 AM   #28
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If you lease a car you have most likely invested into something that you either cannot afford, or you'd better have some longer term plans.
Perhaps its just semantics but a lease (or 99.9% of car purchases for that matter) are never an investment.
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