Joined May 2013
L5: Journeyman
Forum Thread
Good deals car leases?
September 14, 2016 at
09:35 AM
Thread Details
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
Thanks for any help
24 Comments
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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.
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.
Think it just comes down to priorities. If you want to pay $400/month + insurance
http://www.volvocars.c
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!
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!
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.