Home › Forums › Financial Markets/Economics › Car, lease or buy?
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December 18, 2007 at 11:10 AM #119896December 18, 2007 at 11:21 AM #119713CoronitaParticipant
as far as financing goes, I have no down and I'm getting rates from 4.9% to 5.29% for a 5-year. And I drive an average 18k miles a year
See my other thread, I have 100k down for a house already
so you can purchase something at $500k with 20% down. Great. What about if you go unemployed? Where's your emergency fund that will bridge you for 3-6 months if you have to pay a monthly mortgage? Sorry if I'm sounding like a parent.
See also my re-editted comment #8 (reposted here)
8) Leasing an audi is a bad idea. Buying a used one is also worse. Most people don't do proper maintenence. It's especially a bad idea to buy a used audi with the 1.8T or 2.0T or the 2.7T(found in the B5 generation S4) engine without really knowing the history behind them. For more information, go to audiworld and search for "turbo" and "oil coaking(sp?)". Basically, it's what happens when people run a turbocharged car hard such that the turbo is glowing red and shutoff the engine right away over a long period of time (over 4-5 years). Audi's don't come with an after-run oil pump, so oil doesn't circulate after you shut the engine off, which is bad if the turbo is glowing red.
December 18, 2007 at 11:21 AM #119849CoronitaParticipantas far as financing goes, I have no down and I'm getting rates from 4.9% to 5.29% for a 5-year. And I drive an average 18k miles a year
See my other thread, I have 100k down for a house already
so you can purchase something at $500k with 20% down. Great. What about if you go unemployed? Where's your emergency fund that will bridge you for 3-6 months if you have to pay a monthly mortgage? Sorry if I'm sounding like a parent.
See also my re-editted comment #8 (reposted here)
8) Leasing an audi is a bad idea. Buying a used one is also worse. Most people don't do proper maintenence. It's especially a bad idea to buy a used audi with the 1.8T or 2.0T or the 2.7T(found in the B5 generation S4) engine without really knowing the history behind them. For more information, go to audiworld and search for "turbo" and "oil coaking(sp?)". Basically, it's what happens when people run a turbocharged car hard such that the turbo is glowing red and shutoff the engine right away over a long period of time (over 4-5 years). Audi's don't come with an after-run oil pump, so oil doesn't circulate after you shut the engine off, which is bad if the turbo is glowing red.
December 18, 2007 at 11:21 AM #119880CoronitaParticipantas far as financing goes, I have no down and I'm getting rates from 4.9% to 5.29% for a 5-year. And I drive an average 18k miles a year
See my other thread, I have 100k down for a house already
so you can purchase something at $500k with 20% down. Great. What about if you go unemployed? Where's your emergency fund that will bridge you for 3-6 months if you have to pay a monthly mortgage? Sorry if I'm sounding like a parent.
See also my re-editted comment #8 (reposted here)
8) Leasing an audi is a bad idea. Buying a used one is also worse. Most people don't do proper maintenence. It's especially a bad idea to buy a used audi with the 1.8T or 2.0T or the 2.7T(found in the B5 generation S4) engine without really knowing the history behind them. For more information, go to audiworld and search for "turbo" and "oil coaking(sp?)". Basically, it's what happens when people run a turbocharged car hard such that the turbo is glowing red and shutoff the engine right away over a long period of time (over 4-5 years). Audi's don't come with an after-run oil pump, so oil doesn't circulate after you shut the engine off, which is bad if the turbo is glowing red.
December 18, 2007 at 11:21 AM #119927CoronitaParticipantas far as financing goes, I have no down and I'm getting rates from 4.9% to 5.29% for a 5-year. And I drive an average 18k miles a year
See my other thread, I have 100k down for a house already
so you can purchase something at $500k with 20% down. Great. What about if you go unemployed? Where's your emergency fund that will bridge you for 3-6 months if you have to pay a monthly mortgage? Sorry if I'm sounding like a parent.
See also my re-editted comment #8 (reposted here)
8) Leasing an audi is a bad idea. Buying a used one is also worse. Most people don't do proper maintenence. It's especially a bad idea to buy a used audi with the 1.8T or 2.0T or the 2.7T(found in the B5 generation S4) engine without really knowing the history behind them. For more information, go to audiworld and search for "turbo" and "oil coaking(sp?)". Basically, it's what happens when people run a turbocharged car hard such that the turbo is glowing red and shutoff the engine right away over a long period of time (over 4-5 years). Audi's don't come with an after-run oil pump, so oil doesn't circulate after you shut the engine off, which is bad if the turbo is glowing red.
December 18, 2007 at 11:21 AM #119946CoronitaParticipantas far as financing goes, I have no down and I'm getting rates from 4.9% to 5.29% for a 5-year. And I drive an average 18k miles a year
See my other thread, I have 100k down for a house already
so you can purchase something at $500k with 20% down. Great. What about if you go unemployed? Where's your emergency fund that will bridge you for 3-6 months if you have to pay a monthly mortgage? Sorry if I'm sounding like a parent.
See also my re-editted comment #8 (reposted here)
8) Leasing an audi is a bad idea. Buying a used one is also worse. Most people don't do proper maintenence. It's especially a bad idea to buy a used audi with the 1.8T or 2.0T or the 2.7T(found in the B5 generation S4) engine without really knowing the history behind them. For more information, go to audiworld and search for "turbo" and "oil coaking(sp?)". Basically, it's what happens when people run a turbocharged car hard such that the turbo is glowing red and shutoff the engine right away over a long period of time (over 4-5 years). Audi's don't come with an after-run oil pump, so oil doesn't circulate after you shut the engine off, which is bad if the turbo is glowing red.
December 18, 2007 at 11:25 AM #119723sd_bearParticipantBuy a new Hyundai instead. Get a quality car at half the price and with an awesome warranty. But only if you can deal with the shame of not driving one of the luxury name brands.
December 18, 2007 at 11:25 AM #119859sd_bearParticipantBuy a new Hyundai instead. Get a quality car at half the price and with an awesome warranty. But only if you can deal with the shame of not driving one of the luxury name brands.
December 18, 2007 at 11:25 AM #119890sd_bearParticipantBuy a new Hyundai instead. Get a quality car at half the price and with an awesome warranty. But only if you can deal with the shame of not driving one of the luxury name brands.
December 18, 2007 at 11:25 AM #119937sd_bearParticipantBuy a new Hyundai instead. Get a quality car at half the price and with an awesome warranty. But only if you can deal with the shame of not driving one of the luxury name brands.
December 18, 2007 at 11:25 AM #119956sd_bearParticipantBuy a new Hyundai instead. Get a quality car at half the price and with an awesome warranty. But only if you can deal with the shame of not driving one of the luxury name brands.
December 18, 2007 at 11:30 AM #119738bubble_contagionParticipantIf you like to change car every few years, it is better to lease. Go to carbuyingtips.com and download the lease and the finance calculators. What you want to do is to find out the details of the lease like how much you are paying for financing vs. depreciation and what the residual value of the car will be. If you know those details you can compare the lease vs. buy more clearly.
December 18, 2007 at 11:30 AM #119874bubble_contagionParticipantIf you like to change car every few years, it is better to lease. Go to carbuyingtips.com and download the lease and the finance calculators. What you want to do is to find out the details of the lease like how much you are paying for financing vs. depreciation and what the residual value of the car will be. If you know those details you can compare the lease vs. buy more clearly.
December 18, 2007 at 11:30 AM #119905bubble_contagionParticipantIf you like to change car every few years, it is better to lease. Go to carbuyingtips.com and download the lease and the finance calculators. What you want to do is to find out the details of the lease like how much you are paying for financing vs. depreciation and what the residual value of the car will be. If you know those details you can compare the lease vs. buy more clearly.
December 18, 2007 at 11:30 AM #119952bubble_contagionParticipantIf you like to change car every few years, it is better to lease. Go to carbuyingtips.com and download the lease and the finance calculators. What you want to do is to find out the details of the lease like how much you are paying for financing vs. depreciation and what the residual value of the car will be. If you know those details you can compare the lease vs. buy more clearly.
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