Lease -vs- Buy
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Junior Member
Joined: May 2008
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From: Chesapeake, Virginia
2011 Diamond White SL63, 2008 Paladium Grey C63, 2008 ML 350 AMG Sport pckg,
Lease -vs- Buy
What's the percentage of buy versus lease in these cars? How many of you are leasing, instead of buying or vice versa?
Thread Starter
Junior Member
Joined: May 2008
Posts: 50
Likes: 3
From: Chesapeake, Virginia
2011 Diamond White SL63, 2008 Paladium Grey C63, 2008 ML 350 AMG Sport pckg,
???
I guess no one cares to give their situation, and why.... Wow, thanks for all the responses!!
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From: Ottawa, Ontario, Canada
SLS Irridium silver,2014 GL350 BT Irridium, 2015 White Dodge RAM Hemi Quad
Leasing mine, not a good idea to buy a depreciating asset, unless of course you plan on keeping it for 10 years. I love cars and tire of them after the three year ithch.
Thread Starter
Junior Member
Joined: May 2008
Posts: 50
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From: Chesapeake, Virginia
2011 Diamond White SL63, 2008 Paladium Grey C63, 2008 ML 350 AMG Sport pckg,
Thanks
Just want to make sure I did the right thing.... I always lease also (also have it in my business name, so i can write a portion of the lease off), but I really love this car, so I wanted to make sure I made the right decision.
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From: Ottawa, Ontario, Canada
SLS Irridium silver,2014 GL350 BT Irridium, 2015 White Dodge RAM Hemi Quad
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From: L.A., CA
'08 M5, '10 Land Cruiser
For what it's worth, I always buy outright.
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2001 Ford Lightning/2003 Mustang Cobra
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C63
I bought paid for it out right but probably would not have leased. You get slammed with a lease unless there are promotions going on. I leased an 07 A3 3.2 as a daily driver 24 mos and the payment is $759 ridiculous on a $40,000 car. I put $7K down. Still got a few months to go on it but looks like CarMax is willing to take it off my hands for $27K so I'm not upside down on it. Leased an 07 Lexus IS250 (during a promo) for my wife and the payment is $549 with 7$K down.
I was skeptical about buying but the C63 is ALOT of car. I still can't get over the fact that it's a sedan moving the way it does. I have an 08 C6 Vette and I think the C63 would give it a run to 100mph. It DEFINITLEY pulls stronger on the other side of 100mph and feels more taut.
I was skeptical about buying but the C63 is ALOT of car. I still can't get over the fact that it's a sedan moving the way it does. I have an 08 C6 Vette and I think the C63 would give it a run to 100mph. It DEFINITLEY pulls stronger on the other side of 100mph and feels more taut.
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From: Brooklyn
'08 BMW 650ci
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From: ST. Louis, MO
'16 SL550, '18 Porsche Macan GTS
Let me see if I have this right............at $1245 for 36 months, your payments will have totaled $44,820.00 out of a sticker price of $63k. If you bought and sold at the same time frame, you would only be out around $31,500 based on a 50% value which should be very conservative. '05 C55's are bringing more than 50% of the original sticker price even with a new body style change hurting things. Am I missing something?
I guess if one does not have the $20k to put down on the car to purchase it, leasing makes some sense but I don't see how people can make those payments for three years, return the car to the dealer and call a cab to get home with nothing left over for the next car. Kinda like renting an appartment vs. buying a house to me.
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From: Miami, FL
1991 Toyota MR2, 2002 C32 AMG
I guess if one does not have the $20k to put down on the car to purchase it, leasing makes some sense but I don't see how people can make those payments for three years, return the car to the dealer and call a cab to get home with nothing left over for the next car. Kinda like renting an appartment vs. buying a house to me.
Mind you, it's just what I've heard. I don't have experience first hand.
Thread Starter
Junior Member
Joined: May 2008
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From: Chesapeake, Virginia
2011 Diamond White SL63, 2008 Paladium Grey C63, 2008 ML 350 AMG Sport pckg,
Company Car
Mind you, my company writes off 80% of the lease, gas and all maintenance on the vehicle....
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Gs 300, Rx 330
Leasing a brand new car, which just came out is alwaying going to cost you an arm and leg!
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Gs 300, Rx 330
I guess if one does not have the $20k to put down on the car to purchase it, leasing makes some sense but I don't see how people can make those payments for three years, return the car to the dealer and call a cab to get home with nothing left over for the next car. Kinda like renting an appartment vs. buying a house to me.
If anyone is interested in leasing cars here is great website that tells exactly how much you should be paying..so the dealerships can't rip you off!
leasecompare.com
