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Good deals car leases?

glck23 429 62 September 14, 2016 at 08:35 AM
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Where do you find good deals on car leases? My wife and I are expecting our first baby and would like to lease an SUV, were in favor of the Volvo XC90. I've seen some online lease websites that claim they can get you good lease deals and deliver the vehicle to your home where you sign the paperwork, are these legit?

Thanks for any help

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#2
1 baby = don't need an SUV Smilie

But either way, try Swap A Lease.
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"This whole.. I have XX company so my pee pee is 2" longer talk is hilarious. Who cares what company is cheapest, best, etc. Pick the company and plan you want and keep it to yourself."
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#4
have you looked at lease hacker? typically its not wise to get a lease but some cases if you can get it super cheap.
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Quote from mgamer20o0 View Post :
have you looked at lease hacker? typically its not wise to get a lease but some cases if you can get it super cheap.
Why isn't it wise? Makes economical sense to me... You get capped mileage and can't modify the car, as long as you don't pass the mileage. Why is it a bad?
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Quote from glck23 View Post :
Why isn't it wise? Makes economical sense to me... You get capped mileage and can't modify the car, as long as you don't pass the mileage. Why is it a bad?
Door dings, baby throw up stains, worn tires, etc all cost you.
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#7
Quote from glck23 View Post :
Why isn't it wise? Makes economical sense to me... You get capped mileage and can't modify the car, as long as you don't pass the mileage. Why is it a bad?
typically you pay a good amount of money and in the end have nothing to show for it.
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#8
Quote from mgamer20o0 View Post :
typically you pay a good amount of money and in the end have nothing to show for it.
Well the upside is I don't have to deal with negative car value when trading it in and my wife can't keep a car for longer than 2-3 years...
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Quote from glck23 View Post :
Well the upside is I don't have to deal with negative car value when trading it
It sounds like you spend (waste?) a fair amount of money on vehicles based on this comment. Maybe leasing is best for you if you need to dump cars every few years and will lose money either way (buy and trade in vs leasing).

Obviously, paying cash for a reasonable priced car is the option that most financially savvy people follow, but that doesn't seem like an option you like, it makes the leasing possibility make a bit more sense.
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#10
Quote from tennis8363 View Post :
It sounds like you spend (waste?) a fair amount of money on vehicles based on this comment. Maybe leasing is best for you if you need to dump cars every few years and will lose money either way (buy and trade in vs leasing).

Obviously, paying cash for a reasonable priced car is the option that most financially savvy people follow, but that doesn't seem like an option you like, it makes the leasing possibility make a bit more sense.
If we lived practical we'd drive mini vans and small engine fuel economy cars.
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#11
I second lease hacker as a good source for info. Most on here will be totally against leasing. You can get an acceptable deal through leasing. If combined with the ability to write it off...then you have a great deal. Check out their forum, they have a great helpful community that understands how to maximize the deals!
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#12
Quote from glck23 View Post :
If we lived practical we'd drive mini vans and small engine fuel economy cars.
My car I bought new in 1998 has 311,000 miles on it and gets about 33 mpg. It's been like printing money. I'd rather be able to take a cheap vacation every month if I chose to vs. having the additional insurance and car payment. Or, I don't have to work as hard or can save for my next SD buy. My car has never had to be towed fingers crossed, but I don't live in a congested area like Chicago. I've thought about buying a Honda Odyssey. My sister I think picked up a new one for $40k. I can get a decent used one for $4k. My dogs aren't gonna add any value riding in a new car.

Think it just comes down to priorities. If you want to pay $400/month + insurance

http://www.volvocars.com/us/shopp...s/national
XC90 T5 Momentum
Lease for $555 mo. 39 mos.
$4,655 cash due at signing

about $675 a month + Insurance bump. My insurance is $30 a month. I don't carry comp or collission. That's like a new laptop a month! But if you're making good bank, gotta do what makes you happy!
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#13
Quote from glck23 View Post :
Well the upside is I don't have to deal with negative car value when trading it in and my wife can't keep a car for longer than 2-3 years...
You shouldn't have that issue anyway. Get a card you can afford and don't stretch the terms out. Typical car turnover on loans is 2.5 to 3 years. That's a stretch for some but you absolutely can't afford the vehicle if you go above 60 months for financing.

Leasing is a less attractive option if you look at the value. The only time it really makes sense is if you have a high maintenance wife that needs to have a new car every three years. You will certainly pay a lot more but your wife gets a new car to show off -- although everyone knows when you lease and it's not really showing off if you don't own it... But that's for you to decide. When people buy a new car as soon as they pay off the old one they are just digging down deeper. You are supposed to enjoy many years on a vehicle without any financing. That averages the payments over the life of the car to exceptionally reasonable and very satisfying.

People tend to lease because they can't afford the car they want. My advice would be to get a car more in your price range. Having a single child doesn't change your driving needs and you should probably evaluate the desire for a new vehicle.

With all of the expenses a child brings, I don't wish a large expense like this on you guys. Ride it out for awhile and see if it's really something worth blowing money on..

Good luck!
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Quote from eekthecat View Post :
Having a single child doesn't change your driving needs and you should probably evaluate the desire for a new vehicle.
unless he and wifey are driving a corvette or motorcycle. Wink
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Quote from tennis4789 View Post :
unless he and wifey are driving a corvette or motorcycle.
Yes but leasing a $45k vehicle
Quote from tennis4789 View Post :
unless he and wifey are driving a corvette or motorcycle.
He has a maxed out DTI (debt-to-income) and is carrying debt on 25% credit card interest. I don't think a lease would even serve them in that situation.

This is usually about the time where someone chimes in about the "elitists" on this forum are ruining everything because they want to live life in max debt and buy buy buy. Reality check -- this is a finance forum and some people organize finances. Getting yourself into crazy debt isn't a milestone that some people follow.
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