Lease or Buy? Why or Why Not? - Page 3

queendiva · ‎03-12-2010

Do not go back to a dealership until you are ready and educated. Bring someone along for support if you like. A friend who is also a single woman was nearly paralyzed about buying a new car after nearly ten years. The salesman was using high pressure tactics to get her to over pay. She called me to come down to the dealership. I told them what she was going to pay for her new car and did they want to make the deal. Simple as that. The price offered was quite low but realistic

Deal done.

For new car purchases, depending on where you live in the U.S., dealers for your chosen make and model are plentiful. If one does not want YOUR $, walk out and go to the next one. Your money, you are calling the shots.

A little trickier if buying a pre-owned car; you just need more time and patience.

fortune · ‎03-14-2010

@Lotus wrote:
I'm thinking of purchasing a new SUV. I haven't bought a new vehicle since 2006 and I don't even know where to start.

I know what I want and I went to a dealer today and listened to an hour and a half of BS. JUST CUT TO THE CHASE AND GIVE ME THE BEST DEAL YOU CAN!!!

Well......it appears that unless you are a rocket scientist, it's hard to read between the lines and know what the best deal really is. It's as bad as buying a mattress and trying to price compare.

Things have really changed since I bought my Explorer.

Any advice?

Would you buy or lease? And why?

TIA

My advice is not to act excited about the car. Test drive it and then talk to the salesperson and let them know you want it at a lower price. When he/she gives you the "best price" say that's not good enough and then leave. Be sure they have your phone number--like business card. They'll call you with their best price. Works for me!

sandraskates · ‎06-26-2014

Here's another way to buy a used car - buy a used rental car!

I bought my 2012 Ford Escape from Avis. You can check online to see if they have the car you want and arrange a test drive at one of their locations (although it may not necessarity be the closest location).

Take someone with you because if you like the vehicle they let you just drive it home! Then they start the paperwork part of the transaction. Oh - and no haggling, just a good, fair price.

They gave me the full maintenance history on my car too. I had specific interior and exterior colors in mind and Avis had the vehicle; my local dearlers did not.

Easist and most stress-free car buying I've ever had.

151949 · ‎03-09-2010

It seems you are like me and keep your car a long time so you would not want to lease. In the end of the lease you hand them back the car and walk away with nothing. When you buy the car is paid off in a few years and it is still yours, payment free. For me - buying only. For my DH who never keeps a vehicle longer than 3 years - he may as well lease because at least then he has to keep it the entire 3 years. Every one is different and everyone's budget is different so it 's impossible to advise anyone here but that is my take on it.

Irshgrl31201 · ‎03-18-2010

Just wanted to say I have several friends who are car salesmen and you will likely get a better deal if you go towards the end of the month. They said a deal you want on the 24th may look a lot better to them on the 30th or 31st when they are trying to hit their numbers.

Also do not discuss monthly payments or how you will be paying whether through cash or financing. First and most important is gettin them to tell you what their best price is. Dealers will be less likely to negotiate if they know you are paying cash because and they know they cannot profit from your financing. Even if you are financing get the best and final price before discussing monthly payments. A good salesperson will try to get you to focus on lowest monthly payments because it gives them room to inflate other variables such as loan interest and length.

Also if you are financing know what your credit score is before you go in. By not knowing your credit score they are more likely to rip you off saying that you don't qualify for a better rate.

Here are a few more good tips to know to prepare yourself.

https://smartasset.com/personal-finance/4-car-dealer-tricks-you-need-to-know-before-you-buy-a-car-3

Those who make peaceful revolution impossible will make violent revolution inevitable.
JFK

esmeraldagooch · ‎03-10-2010

There is a reason he is encouraging you to lease Lotus... His commission.

esmeraldagooch · ‎03-10-2010

This may interest you.
http://www.realcartips.com/leasing/0143-how-dealers-make-money-on-leasing.shtml

Tinkrbl44 · ‎08-23-2010

@Desertdi wrote:
I put money away in a "car fund" just as if I was making a payment. When I have enough CASH......I buy a car.

I also paid cash for my last car ...... and I LOVE not having car payments!

151949 · ‎03-09-2010

@Tinkrbl44 wrote:
@Desertdi wrote:
I put money away in a "car fund" just as if I was making a payment. When I have enough CASH......I buy a car.
I also paid cash for my last car ...... and I LOVE not having car payments!

My first car was a high school graduation "gift" from my grandparents because I was going away to nursing school. However, my grandfather required me to make a monthly payment to him on it - a small payment - and about 3 years later when I graduated from nursing school and got my first nursing job, he gave me all those "payments" he had saved for me so I was able to trade in the old car and pay cash for a brand new one.