Leased Cars?

**mp3z24** · 09-03-2003, 09:39 AM

hey. does anyone here lease a car. probably not the one that all your mp3 gear is going into, but perhaps another car.

im looking at trading in my car on a leased car. well, kinda just tossing around the idea right now. the whole "unleash a jaguar" sales thing at the jaguar dealers has really piqued my interest. if you dont know what this is all about... they are listing new jaguar x-type's for lease at 279 a month. thats not much more than i am paying for my car right now. but i have a standard loan for paying off my car.

my current car has about 1 yr 10 months on the loan. and i doubt i will pay it off early. the jaguar lease is for 3 years... so, in 3 years i need a new car.

anyway, im just looking around to see if anyone here has any input on leasing a car. oh, its just me paying off all this stuff. no wife/family yet...

~Mike

**hijinks21** · 09-03-2003, 09:45 AM

lease is fine just as long as you don't go over the mile limit.. if you do you'll be paying out the *** when the lease is up.. well depending on how many miles you go over it

**Robb@E.P.E** · 09-03-2003, 04:09 PM

Leasing, if done right, can be great. Lease payments are typically less per month. When your lease is up, you have the option to buy the car, which, in the end, costs you more than if you'd just bought it outright up-front, but not too much, and when you go into a lease with the full intention of buying the car at the end, you can modify it and not worry about mileage and actually ENJOY the car. It really depends on your attitude, and how often you want to get a new car. Myself, I get comfortable with a car and drive that puppy till it won't work anymore

**Callahan** · 09-03-2003, 04:21 PM

Leasing is great if you follow the rules and intend to continue leasing. In those 3 years, you can just lease another car and continue on. The problem is that you end up no longer having a trade-in for a "nicer" car next time.

If you don't mind not technically owning your car, it means you can get a new car pretty frequently. I'm not a fan of milage restrictions myself, so I chose to Finance my Grand Am. But my fiance's Kia Rio is leased, it made for an uber-cheap new car and she will just continue to pick up a new car at the end of the lease.

**hijinks21** · 09-03-2003, 04:22 PM

I say with interest rates being so low.. just buy.. well of course if its a jag then it might be out of your price range.. but who knows

**mp3z24** · 09-03-2003, 05:39 PM

Originally Posted by hijinks21

I say with interest rates being so low.. just buy.. well of course if its a jag then it might be out of your price range.. but who knows

yeah... the whole out of my price range thing is the problem with the car. i think this might just turn out to be another one of my pipe dreams. after all, i'd rather not be stuck purchasing (or leasing) another car when this lease is up. right now, i could afford the lease payments, but straight up financing would kick my ***. i just moved into my new townhouse and money is a bit tight. so, considering all the options so far, i think im better off hanging onto my cavalier, beating the crap out of it, and selling it off to a high school kid whos in need of a first car.

besides, im a definate driver... i like to put on miles. and i know i would drive everywhere if i had that jag... probably blast right past the mileage restriction. so, thanks for the help, but like i said, i think this little plan is going to be tossed out for better options, like more toys to spend money on.

~Mike

**frodobaggins** · 09-03-2003, 07:21 PM

I went 29000 miles over on a lease one time...never lease again

**mp3z24** · 09-04-2003, 09:07 AM

Originally Posted by frodobaggins

I went 29000 miles over on a lease one time...never lease again

ouch!!!

~mike

**cubanmoses** · 09-04-2003, 03:42 PM

u could increase the amount of miles u can put on it every year. this includes a price increase, not sure how much.

**cproaudio** · 09-04-2003, 04:23 PM

Or you can craw under your car and disconnect the speedometer cable when you're approaching the milage limit. Just remember to reset the check engine light when you plug it back in and erase the code in the electronic control unit. Some ECU can recall check engine code if not reset even if you reset the check engine light.
Or you can unplug the fuse for the dash guages but then none of your guages will work so you wouldnt know if you still have gas in the tank

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