How much is too much?? (lease, insurance, luxury, vehicle)

[himain]

For a lease payment per month? A purchase payment per month? This is for a new car. Just wondering what everyone thinks. I'll say:

$500 for a lease
$400 for a purchase

[getmeoutofhere]

Entirely depends on the type of car you are looking at getting. $500 at the Nissan store goes a lot farther than $500 at the Lexus store.

Usually, though, a lease is cheaper than a purchase.

Our average lease payment is around $650, and our average purchase payment is around $850.

When I worked at the domestic store, we didn't do much as far as leasing, but it was around $425 average lease, and about $550 average purchase.

Get to a Kia store, probably around $250 average payment.

[ferretkona]

At the end of the lease you have zilch to show for the payments.
On the lease you pay more for insurance.

[texdav]

I'd say it like everything else depends on your income. I would neevr lease as a individaul;frankly.

[Steve_TN]

Originally Posted by texdav

I'd say it like everything else depends on your income. I would neevr lease as a individaul;frankly.

I agree 100%!

[Bummer]

Originally Posted by texdav

I'd say it like everything else depends on your income. I would neevr lease as a individaul;frankly.

I could not agree more, Texdav

Leasing a Vehicle is no better or worse than Leasing an Apartment or a Home . . . A DEAD END!

[getmeoutofhere]

Leasing a vehicle is perfect for a lot of people.

If you don't keep them more than 2-3 years, if you need a lower payment, or if you are buying a high-end luxury vehicle.

Leasing may not be right for you guys, that doesn't mean it isn't right for other people. Leasing has a lot of built-in protections that a regular purchase doesn't have.

[drjones96]

getmeoutofhere is right. For some people leasing is perfect. If you would normally trade every 3 years anyway why have to deal with depreciation of buying/financing a new car every three years. You are also not committed to that car long-term if you don't like it (only the term of the lease).

Now personally I'm a drive-it-till-it-dies kinda guy so leasing doesn't make sense for someone like me.


Edit: And for any given car the lease payment should be less than if you are buying it (assuming you are financing 100%...obviously if you are only financing half the purchase price then it should be in the very least comparable if not less than leasing)

[SouthAfrica75]

All depends on the type car....... Currently lease a Jetta for my wife at $275.00

[minibrings]

Originally Posted by himain

For a lease payment per month? A purchase payment per month? This is for a new car. Just wondering what everyone thinks. I'll say:

$500 for a lease
$400 for a purchase

If it was for an entry level Kia... yes
For an e-class MBZ.. no

you need to give more info..