Go git 'em, MasterShake!!!!

Don't believe any of the nonsense, credit rating, tax advantage, warranty, the ever-caring dealership, blah, blah, blah. They spout those lies because it benefits THEM, not you.

At the end of the day, all you have to do is take the best cash price on a vehicle and compare it to the all-in numbers of leasing or should I say renting Use the standard rule of depreciation of 30% when you drive it off the lot, 20% the second year, and 10% every year after that to compare to the same time period of renting.

And when you do, you'll realize the only people who rent are people who can't afford a new vehicle but don't mind throwing money away.

The only time I wished I leased was when I got a new truck that was a POS within the first 6 months. The dealer refused to do warranty work on it, because, they didn't care: they had my check. I could have drove to their front window, threw the keys on their desk and walked away from it if it was rented.

I couldn't give that glorious Blunder Motors product away: my Dodge dealer had to send it to auction


You honestly have zero clue what you are talking about.
I just showed you the tax advantage a few posts above. Its significant.
The reason a dealer wants to lease you a car is because they see you more often. Period.
Believe me, stuffing somebody in an 84 month buy because the customer has a payment to hit and has to go extended term to get there, does the dealer no good long term.
That guy comes back in say three years down the road wanting to trade it in, the salesman runs and hides( as he should) people are so buried You cant dig them out with a steam shovel.
2 or 3 year lease, customer comes in, you don't run and hide from them.
Leasing indeed isn't for everybody, but for some its exactly the right thing to do. Seen lots of 90 grand cars you can drive 2/3 years they are worth 45k. But you can lease them for 699 a month, use the best part of the car’s life, and toss the keys back.
IMO, the best way to purchase an auto is to figure out what you want, find a couple year old unit that is still under factory warranty, and drive it till its time to scrap it.
But, American consumers seldom have such common sense to do that. Gotta impress the Jones’s, momma gets tired of it, wants something a different color, you name it.
While i was racing today, we lost a deal because of color. Customer drove a car( previous customer too), they absolutely loved it, had everything on it they wanted, loved the price.... but it was Navy blue, not Black.....they keep looking......we still have the blue one..lol

Gosh, that is a sad story. Let's take up a collection.

Care to comment on the completely offensive $160.00/hr shop rate while some Grunt in the back does all the dirty work for minimum wage?

I would like to take this opportunity to thank Craigslist and the Internet for taking a massive bite out of dealerships gravy: trade-ins.

Gosh, that is a sad story. Let's take up a collection.

Care to comment on the completely offensive $160.00/hr shop rate while some Grunt in the back does all the dirty work for minimum wage?

I would like to take this opportunity to thank Craigslist and the Internet for taking a massive bite out of dealerships gravy: trade-ins.

Hey Grizzled - what's your beef? You don't like new car dealers? Where U going to buy your next new car - where will ANYBODY buy new vehicles? Back in early 1994 my business was real slow during the winter months so I wanted to try selling new cars - a Dodge dealer hired me to come & sell. TYPICAL deal - called a "mini" put $75.00 in my pocket, & it was a lot of screwing around to sell a single vehicle, plus we HAD to be competitive. Shoppers are not stupid, & they are out shopping the dealers looking for the best deal. YOU DON'T SELL A CAR FOR STICKER! A good mechanic makes good money, and amazingly enough, the dealers need to be able to keep their lights on - in case you didn't know this.

Don't worry how much $$ they are making, worry about your car & your deal. If nobody made a profit on anything, we'd all be living in Zimbabwe.

Its amazing more people cant figure this out. And it seems the Mopar community is more infested with such thoughts than most anywhere else, for whatever reason.

I bought a new vehicle outright with cash for my business in 2017. In those 3 years, I have put 120,000 miles on the vehicle. I knew that would happen, and so it made sense for me (the business) to go ahead and buy. Even burning up about $40,000 in cash that year on the purchase didn't hurt, because the business had a "good year" and "made too much money".

I know a lot of businesses lease fleet vehicles, because they become a monthly cost that can be swung with the cash flow of the business. Owning things is a different consideration for a person vs. a business. Both owning and leasing can make sense, but your situation and expectations will dictate what you consider success!

I haven't seen anybody address the cost of financing the lease vs outright purchase.

Many moons ago I signed a 48 month lease on a 2 year old Ford Contour. Cosworth headed V6 with a 5 speed. Absolute hoot to drive.

Salesman gives me the sales pitch on lease vs purchase and to the effect of you have all the car but you only pay for half of it. The part of your brain that still believes in free lunch signs the contract. $250 ish a month for 48 months with IIRC a $7kish residual.

I go home and I'm looking over what I had just signed and something doesn't add up. It was like a $12k plus tax car but the cost to finance was approaching $4k. I run the numbers through a calculator and that's about double. So I call them up and say I think there is an error and then he tells me well you're only paying for half the car but you're financing all of it. So much for the free lunch...

So I ask if it's to late to convert this to a purchase and he's good with that but he prefers leases because as has been pointed out, he gets another shot at me at the end. So long story short it cost me $100 a month more to buy it, the bank financing was a little less percentage wise and when I made the last payment, I owned it for the $4800 I paid extra over 48 months instead of $7k.

I'm in the leasing is the most expensive way to have a car in the driveway camp. If you can't afford to buy that new car you want, you should just make peace with it and buy the one you can actually afford.

Kevin

We really got into a heated debate here. We went from the topic "Leasing or buy outright" to what it cost to run a dealership and what techs get paid.
To the original poster who started the thread; I hope you found your answer somewhere in this mess.

We have leased at least 8 times now it keeps our money in the bank and investments without having to take out for a purchase. It keeps my wife in a new dependable car she deserves for the work she does and hours she puts in especially now with her 30 mile one way commute. She is now in her third Acura RDX which she loves even if it is the " tech " model with half the stuff we don`t understand or know how to work. In the 8 leases we have had the end of term buyout was always way too high for the age and value of the car. We have at the end of each lease term considered just purchasing with payments only being a little more depending on down payment or just purchasing out right but as i said we/ she prefers to have the money in the bank for " emergencies". Another thing we consider : in the lease term it is unlikely the car will need any major repairs or maintenance after a few years and miles repairs on cars like her Acura can get very expensive. I am pondering now : my 08 H.Q.C. is 12 years old now I really only use it for towing it has 57,000 miles but it is starting to need minor repairs, no big deal I fixed them : trans line bracket rusted thru, power steering cooler developed a leak, front cv joints and ball joints, idler pulley went bad and a few other things , do i replace it with a new one,( its been paid off for years ) or just keep fixing the little things ? New trucks are so expensive i don't know if its worth it to buy a new one to only use once in awhile.