Home › Forums › Financial Markets/Economics › Car, lease or buy?
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earlyretirement.
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December 18, 2007 at 8:20 PM #120452December 19, 2007 at 10:08 AM #120509
Dukehorn
ParticipantDon’t laugh but how about a Mazda3 (or the upgraded Speed version). Got one last year for zero percent interest (for 5 years). Could have gone zero down but decided to put down a few thousand to get bonus miles on the credit card.
My other car is a gaz guzzling Jeep Grand Cherokee (but it’s my kayak/bike carrier and has lasted over 10 years), so the Mazda3 is a pleasure to drive in comparison.
December 19, 2007 at 10:08 AM #120641Dukehorn
ParticipantDon’t laugh but how about a Mazda3 (or the upgraded Speed version). Got one last year for zero percent interest (for 5 years). Could have gone zero down but decided to put down a few thousand to get bonus miles on the credit card.
My other car is a gaz guzzling Jeep Grand Cherokee (but it’s my kayak/bike carrier and has lasted over 10 years), so the Mazda3 is a pleasure to drive in comparison.
December 19, 2007 at 10:08 AM #120676Dukehorn
ParticipantDon’t laugh but how about a Mazda3 (or the upgraded Speed version). Got one last year for zero percent interest (for 5 years). Could have gone zero down but decided to put down a few thousand to get bonus miles on the credit card.
My other car is a gaz guzzling Jeep Grand Cherokee (but it’s my kayak/bike carrier and has lasted over 10 years), so the Mazda3 is a pleasure to drive in comparison.
December 19, 2007 at 10:08 AM #120721Dukehorn
ParticipantDon’t laugh but how about a Mazda3 (or the upgraded Speed version). Got one last year for zero percent interest (for 5 years). Could have gone zero down but decided to put down a few thousand to get bonus miles on the credit card.
My other car is a gaz guzzling Jeep Grand Cherokee (but it’s my kayak/bike carrier and has lasted over 10 years), so the Mazda3 is a pleasure to drive in comparison.
December 19, 2007 at 10:08 AM #120744Dukehorn
ParticipantDon’t laugh but how about a Mazda3 (or the upgraded Speed version). Got one last year for zero percent interest (for 5 years). Could have gone zero down but decided to put down a few thousand to get bonus miles on the credit card.
My other car is a gaz guzzling Jeep Grand Cherokee (but it’s my kayak/bike carrier and has lasted over 10 years), so the Mazda3 is a pleasure to drive in comparison.
December 25, 2007 at 9:52 AM #123927mixxalot
ParticipantHonda S2000
I would avoid any Audi unless it was a brand new car with a full factory warranty. As a car buff myself, I bought a used BMW 3-series with 50k miles and 2 year warranty for about 13k. Its been a fun car and fairly reliable. Have had the car for almost 4 years. Its paid off.
Now if I were in the market for a new car, I would consider the Honda S2000- its a fun fast car and not that expensive. Less than 35k and a convertible to boot for San Diego cruising. And you can rev the hell out of the VTEC engine. It sounds cool and looks great. Reliable as well. But my favorite is the Lotus Elise which does cost more about 45k but has a Toyota engine and pretty reliable and looks like a small Ferrari without the headaches and reliability issues.
For a used car- I like the Porsche Boxster- its not a bad car and can be found with low mileage for fairly low prices compared to a 911.
But as I realize its nice to have no debt or car payment and to invest so that I can buy a house when prices bottom out in the future here in San Diego and at least you get some financial benefit out of house that I car cannot provide.
December 25, 2007 at 9:52 AM #124073mixxalot
ParticipantHonda S2000
I would avoid any Audi unless it was a brand new car with a full factory warranty. As a car buff myself, I bought a used BMW 3-series with 50k miles and 2 year warranty for about 13k. Its been a fun car and fairly reliable. Have had the car for almost 4 years. Its paid off.
Now if I were in the market for a new car, I would consider the Honda S2000- its a fun fast car and not that expensive. Less than 35k and a convertible to boot for San Diego cruising. And you can rev the hell out of the VTEC engine. It sounds cool and looks great. Reliable as well. But my favorite is the Lotus Elise which does cost more about 45k but has a Toyota engine and pretty reliable and looks like a small Ferrari without the headaches and reliability issues.
For a used car- I like the Porsche Boxster- its not a bad car and can be found with low mileage for fairly low prices compared to a 911.
But as I realize its nice to have no debt or car payment and to invest so that I can buy a house when prices bottom out in the future here in San Diego and at least you get some financial benefit out of house that I car cannot provide.
December 25, 2007 at 9:52 AM #124096mixxalot
ParticipantHonda S2000
I would avoid any Audi unless it was a brand new car with a full factory warranty. As a car buff myself, I bought a used BMW 3-series with 50k miles and 2 year warranty for about 13k. Its been a fun car and fairly reliable. Have had the car for almost 4 years. Its paid off.
Now if I were in the market for a new car, I would consider the Honda S2000- its a fun fast car and not that expensive. Less than 35k and a convertible to boot for San Diego cruising. And you can rev the hell out of the VTEC engine. It sounds cool and looks great. Reliable as well. But my favorite is the Lotus Elise which does cost more about 45k but has a Toyota engine and pretty reliable and looks like a small Ferrari without the headaches and reliability issues.
For a used car- I like the Porsche Boxster- its not a bad car and can be found with low mileage for fairly low prices compared to a 911.
But as I realize its nice to have no debt or car payment and to invest so that I can buy a house when prices bottom out in the future here in San Diego and at least you get some financial benefit out of house that I car cannot provide.
December 25, 2007 at 9:52 AM #124149mixxalot
ParticipantHonda S2000
I would avoid any Audi unless it was a brand new car with a full factory warranty. As a car buff myself, I bought a used BMW 3-series with 50k miles and 2 year warranty for about 13k. Its been a fun car and fairly reliable. Have had the car for almost 4 years. Its paid off.
Now if I were in the market for a new car, I would consider the Honda S2000- its a fun fast car and not that expensive. Less than 35k and a convertible to boot for San Diego cruising. And you can rev the hell out of the VTEC engine. It sounds cool and looks great. Reliable as well. But my favorite is the Lotus Elise which does cost more about 45k but has a Toyota engine and pretty reliable and looks like a small Ferrari without the headaches and reliability issues.
For a used car- I like the Porsche Boxster- its not a bad car and can be found with low mileage for fairly low prices compared to a 911.
But as I realize its nice to have no debt or car payment and to invest so that I can buy a house when prices bottom out in the future here in San Diego and at least you get some financial benefit out of house that I car cannot provide.
December 25, 2007 at 9:52 AM #124172mixxalot
ParticipantHonda S2000
I would avoid any Audi unless it was a brand new car with a full factory warranty. As a car buff myself, I bought a used BMW 3-series with 50k miles and 2 year warranty for about 13k. Its been a fun car and fairly reliable. Have had the car for almost 4 years. Its paid off.
Now if I were in the market for a new car, I would consider the Honda S2000- its a fun fast car and not that expensive. Less than 35k and a convertible to boot for San Diego cruising. And you can rev the hell out of the VTEC engine. It sounds cool and looks great. Reliable as well. But my favorite is the Lotus Elise which does cost more about 45k but has a Toyota engine and pretty reliable and looks like a small Ferrari without the headaches and reliability issues.
For a used car- I like the Porsche Boxster- its not a bad car and can be found with low mileage for fairly low prices compared to a 911.
But as I realize its nice to have no debt or car payment and to invest so that I can buy a house when prices bottom out in the future here in San Diego and at least you get some financial benefit out of house that I car cannot provide.
September 9, 2011 at 6:23 AM #728709Anonymous
GuestBut its not easy to buy a new car every year lolz, if someone has extra money then why he will think for lease obvious maximum people cant do this. Lease car is a better option, but there is no many hidden charges so when ever you go for lease ask max questions about your lease.
car for leaseSeptember 9, 2011 at 1:06 PM #728739earlyretirement
ParticipantI know this is an old thread revived but I’ll throw in my 2 cents.
First of all, the financing rates on new Audis have come WAY down. Almost all of the dealers now have 1.9% on 36 months or 2.9% on 48 months. Same as BMW.
I bought an Audi Q7 TDI a few months ago and absolutely love it. I’ve never owned an Audi before so didn’t know what to expect but I went with it for the simple fact that out of all the SUV’s that I test drove I looked the look (inside and outside) of it vs. others. Plus I needed 3 row potential for the kids.
My wife was going to buy an Audi A4 and test drove both it and the BMW 328i and she preferred the Audi A4 but all the 2012 that she wanted would have meant a 4 month wait while they ordered it. The local dealerships had a few in the color that she wanted but none of them had the premium package with rear camera/ GPS, etc.
It’s funny as I asked my buddy that works at a local Audi dealership why no one has these premium package. I figured that most people would want GPS, etc. He said that most of the people in San Diego buying A4’s barely can afford them. He said almost all are financing them and they are buying them for the “status” of owning an Audi and they can’t even afford the car let alone the premium packages, etc. I thought that was really telling and interesting.
She ended up going with a BMW simply for the fact that she also liked it and also it was in stock (they ordered it from another dealership and transporting it here). It had all the bells and whistles she wanted).
I’ve owned a BMW before and really loved it and hassle free. Hopefully I don’t have problems with the Audi. Judging from the negative posts here it sounds like it’s better to get rid of it before the 4 year 50,000 warranty ends.
But so far really loving it. Great car.
I agree with the others about leasing. I’ve never leased a car in my life and never plan to. Unless your company is paying for the lease it almost never makes sense. Switching cars every 2 years for the newest model is a horrible use of money. I typically will drive a car until it runs into the ground or I move and don’t want to deal with transporting it.
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