2010 Dealer buyback

Well, no, I didn't say anything close to that. Help me understand where you got that from.

 

That does not matter if you keep the car for 5 or more year.

With a lease you pay tax every month for 6 years over two 3 year leases.

When you finance you pay tax for 5 years and after that you no longer pay anymore tax.

This is the 4th time I have posted this.

 

That is a good way to word it. People that lease do not understand this. The worse thing is people that lease do this every 3 years. It is foolish

 

I am going to post this a 5th time in a way that stream might get it.

Year 1 – Lease, you pay tax monthly – Buy, you pay tax as part as your mortgage
Year 2 – Lease, you pay tax monthly – Buy, you pay tax as part as your mortgage
Year 3 – Lease, you pay tax monthly – Buy, you pay tax as part as your mortgage
Year 4 – Lease, you get a new car and pay tax monthly – Buy, you pay tax as part as your mortgage
Year 5 – Lease, you pay tax monthly – Buy, you pay tax as part as your mortgage
Year 6 – Lease, you pay tax monthly – Buy, you no longer pay tax
Year 7 – Lease, you get a new car and pay tax monthly – Buy, you no longer pay tax
Year 8 – Lease, you pay tax monthly – Buy, you no longer pay tax
Year 9 – Lease, you pay tax monthly – Buy, you no longer pay tax
Year 10 – Lease, you get a new car and pay tax monthly – Buy, you no longer pay tax

When you lease you eat 45% of the value of the car every three years. This is a huge loss of money.

On my last car I kept it 10 years and put 305,000 miles on it. I had less than $1,000 in repairs and sold the car for $5,000 at the end of 10 years.
4Runner Pictures taken 09-30-09

 

can't we all just agree that sales tax is the work of the devil and move on? hahaha

 

This will be my last post on this--I've wasted enough cycles already. Comments in bold below.

 

A better way to put it is with a lease you will always pay tax because every three years you have to get a new car and start paying taxes again.

You are missing the time part. It makes a huge difference if you consume 45% of the deprecation every 3 years. You are losing large amounts of money doing this. It does not matter if you buy or lease. Turning in a car with 45% of its value gone after 3 years is a bad deal. With a lease you are forced to get a new car every 3 years.

I challenge you to give one example were a lease makes more sense. Here are some examples that people give.

- I have a lot of money and like a new car every three years. (I doubt a Prius would be their first choice and they do not care about gas prices)

- The company I work for requires us to get a new car every three years. (This is extremely uncommon most companies will let their sales force keep a car for up to 6 years)

- The company I work for requires its field people to drive a flashy car less than 3 years old to hold up and image. (Driving a Prius is not a flashy car)

- I get a better tax break on leasing (This is absolutely not true. The taxes work out the same if you work for a large company or a small company)

 

You're like a broken record, repeating the same stuff over and over again.

Enjoy your Kool-Aid.

I'm not going to dignify this anymore with a response.

 

Facts are facts!!

 

Wow!


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There is a sucker born every minute. And plenty of stores and websites to sell them stuff. I've been a sucker for sales ploys a few times myself. I usually buy from private parties when I am buying or selling a used car.


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"You're like a broken record, repeating the same stuff over and over again."


What's a record?

 

I think it is a vinyl disc with grooves carved in it. Been a heck of a long time since I had one in my hands

Mike