Hello Rob!

** On Tuesday 07.10.25 - 08:02, Rob Mccart wrote to MIKE POWELL:

... In the long
run, if you just keep getting a new 3 year lease afer the
last expired, it costs you more than buying a car

But.. with leasing, you also get the convenience of just
"walking away" from the car and avoid the hassles and proper
timing of resale under ownership.

Leasing can also make better sense for businesses since the
monthly cost can be recorded as an expense. Plus, the business
gets the HST credit.

but,
again, new car every 3 years and selling a car you bought
every 3 years would probably cost you more since they drop
so much in price those first few years..

But.. maybe it's cost effective if you actually take care of
the car during those first few years so that you can ask a good
resale price?

--
../|ug

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but,
again, new car every 3 years and selling a car you bought
every 3 years would probably cost you more since they drop
so much in price those first few years..

But.. maybe it's cost effective if you actually take care of
the car during those first few years so that you can ask a good
resale price?

In my case, I didn't drive it as much as "the average" so, when the three
years was up on the last one, I was able to buy it at a price (i.e. the
price determined 3 years earlier) that was well below what similar cars
(with more miles) were selling for 3 years later.


* SLMR 2.1a * "I am EVIL Homer! I am EVIL Homer!" - Homer
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... In the long
run, if you just keep getting a new 3 year lease afer the
last expired, it costs you more than buying a car

But.. with leasing, you also get the convenience of just

>"walking away" from the car and avoid the hassles and proper
>timing of resale under ownership.

It is less hassle, but there's usually a cost for convenience.

Generally speaking if a car that age and condition would sell
for $16,000, you can often buy out the lease for $12,000 or so
making it a bargain if you buy it out and keep it for a while.

but again, new car every 3 years and selling a car you bought
every 3 years would probably cost you more since they drop
so much in price those first few years..

But.. maybe it's cost effective if you actually take care of

>the car during those first few years so that you can ask a good
>resale price?

You usually do well if you take good care of the car and then
buy out the lease and keep it for some time, with a leased car.

With a purchase, one in good shape will definitely bring a better
price but generally speaking a car that is 3 years old has dropped
by probably 40% of what you paid for it.

I just watched my brother sell a car he only had for a little over
a year. He bought it and paid cash for it when some money came in.
In the end, the car he got at a very good price for about $27,000
and kept in perfect condition, he sold for $19,000 last month.

Bad planning/luck overall on his part. He intended to keep it for
a long time but his money situation changed.

---
* SLMR Rob * Hmm...Nice tagline. <SWIPE!> SUCKER!!! AH, HAHAHAHAHAHA
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Moved from MIN_DEBATE as requested..

Could be semantics.. Maybe a Courtesy Car is not thought of as
the same thing as a 'Loaner', something to drive while waiting for
your car to be repaired or whatever.. I don't imagine they'd want

The dealerships that I've dealt with defined "Courtesy Car" as a car that's o

>d by the dealership and is used for "gopher" tasks. ex: Picking up small par
> chaufering customers to work/home and back, etc.

Since the dealership never sold the car, it's considered "new", but it has ma

>more miles on it than a normal new car. It's also been driven only by dealer
>p personnel and maintained by the dealership.

Yes, I've seen that at times too. I think it depends a little on
the size and 'wealth' of the dealership too though. As I mentioned
earlier, I traded in a good condition, low mileage car that was
16 years old, and the dealership decided to keep it to use for
running around and occasionally as a loaner car..

They'd have to drop the price on a new car with a fair number of
miles on it quite a bit I'd imagine. For what they might lose,
they could pick up 3 or 4 cars like my old one.

---
* SLMR Rob * This tagline picked at random to annoy you
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