Jump to content
IGNORED

Buying vs. Leasing a Car


iacas
 Share

Recommended Posts

Not sure if anyone has mentioned this, but leasing makes a lot more sense than purchasing for a business (particularly a small one) in many cases.

My company has two company cars, and we lease them rather than buying them (since I’m the one who decides!) 😉

Link to comment
Share on other sites

Awards, Achievements, and Accolades

14 hours ago, saevel25 said:

Clark Howard on leading,

 

100%.  However, even #2, you could make an argument for buying instead of leasing.  Many executive employee packages (an example of a subsidy) include a car allowance.  You could use the proceeds to trade around.

For me, I'd rather get a vehicle I like and keep it.  I'm perfectly fine with used vehicles as well.  I have no urge to have a new vehicle.  Something nice to get me to and fro is enough.  In fact, even my "fun" cars tend to be used as a pony/muscle car enthusiast, but maybe I'll look into a Dynacorn new build of an old classic one day.

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • 2 months later...
On 8/31/2020 at 7:32 AM, Hardspoon said:

Not sure if anyone has mentioned this, but leasing makes a lot more sense than purchasing for a business (particularly a small one) in many cases.

My company has two company cars, and we lease them rather than buying them (since I’m the one who decides!) 😉

This.... When one is able to write off a vehicle lease as a business expense, it makes sense to lease.

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • Administrator
14 minutes ago, Sean_D said:

This.... When one is able to write off a vehicle lease as a business expense, it makes sense to lease.

Maybe. It's still more of your money going out the door, and it's not like you recoup it all in taxes you don't pay. Plus, it's scummy if you're not really using it 100% for business.

Link to comment
Share on other sites

Awards, Achievements, and Accolades

I've never looked at a lease because I thought they always had fairly low maximums on mileage.  Is that still a thing?

With Covid, I don't drive hardly at all anymore and for who knows how much longer, but prior to that I believe that both of our cars were driven in the vicinity of 25k miles per year.

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • Administrator
On 11/13/2020 at 5:29 PM, Golfingdad said:

I've never looked at a lease because I thought they always had fairly low maximums on mileage.  Is that still a thing?

Yes. 12k, even 10k, or you can pay more for 15k, typically.

On 11/13/2020 at 5:29 PM, Golfingdad said:

With Covid, I don't drive hardly at all anymore and for who knows how much longer, but prior to that I believe that both of our cars were driven in the vicinity of 25k miles per year.

Yeah, when I lived in FL, I was under 1k/month, but now-a-days it's closer to 1300-1400, particularly when I'm driving Natalie around to tournaments.

Link to comment
Share on other sites

Awards, Achievements, and Accolades

I have always bought a high quality new car, not "luxury" but nicely equipped (Honda Civic EX with extras like GPS for example) and run them for 7-8 years. My current, and probably last, car I bought two months ago. It's a Seat Ibiza (like a slightly smaller VW Golf, same platform, engines, etc.) with luxe features and options. €20,000 = $22,000. I figure to run it around Europe for the next ten years and then sell it for about 1/3rd of what I paid for it.

seat.jpg

Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share



  • Want to join this community?

    We'd love to have you!

    Sign Up
  • Support TST Affiliates

    TourStriker PlaneMate
    Golfer's Journal
    Whoop
    SuperSpeed
    FlightScope Mevo
    Use the code "iacas" for 10% off Mevo and the code "iacasjun21" for 10% off SuperSpeed.
  • Posts

    • Well, at least you have the par-4s down!  I had a round a few weeks ago at my home course that would have been my second-ever no sixes (first was not at my home course)... played the par-5s in -1 (all pars and a birdie), but two sixes on par-4s did me in for the challenge.  Thankfully I have the badge from two years ago or so, but it'll be nice to have a few more rounds that fit this. 
    • Day 206.  Stop me if you've heard this one before.  15 minutes after work of 6-iron shots (about a half dozen total balls this time).  Same focus:  setup, backswing pace and length.
    • Day 52: COVID-19 day 6/7 short game drills. After that, did a few minutes of rehearsals for my priority piece. Lesson coming up at the end of this week to see where I have gone wrong with this one.
    • Agreed. You always seem to have a brain-fart hole where you even just make bogey on a par-five and you’re toast. I usually am able to do it about 1 in 4 rounds, and it’s usually a bogey on a par-five that does me in. (Or the occasional brain-fart 6 on a par-3)
    • This winter I have access to a simulator that is being left with me so I am planning to start working through a few other issues. Nice time to do it when you have 6 months of winter!
  • Today's Birthdays

    1. goofi22
      goofi22
      (43 years old)
    2. HackardLaw
      HackardLaw
      (38 years old)

×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.

The popup will be closed in 10 seconds...