Dude im driving a 33 year old car as my daily. Sub 100 thousand miles and gets better mileage than quite a few modern cars, gotta love government fleet cars. Anyways take your classist shit and shove it, just cause you can and your ilk can buy a new car every other year doesn’t mean most people can, will, or want to.
Buying is the first mistake. I’ve never done it, I don’t know anyone who has. Leasing is the way. A depreciating asset like a car is the perfect thing to lease.
Depreciation is a myth. A car is a tool not an investment. And if depreciation is a real worry for normal people then why do houses not depreciate? They don’t last forever. In fact on average they only last 50 years. But their prices never go down. Not until they get condemned. Why doesn’t the price on a 5 year old car go up instead of down? It’s got 10 more years in it easily and it’s proven not to be a lemon.
But you know what the real insanity is? Paying 400 dollars a month for years for a car with extra restrictions and then having to turn it in or pay even more to own it. Subscription cars need a lot more consideration, like full warranty, maintenance, and insurance for the entire lease period. Upgrade deals at the end. Because the way it is now you’re just giving shit up to keep paying a corporation.
Ok, that fucken explains most everything. I dont know how folks over in Germany do things, but im gonna presume that theres a decently functional public transit system available in most regions. That doesnt exist here in the US for the most part, need to get anywhere you’ll probably be driving, and if you need to guarantee that the vehicle will work then you will probably own your own car.
I saw elsewhere you’re in Germany. Most countries do not have a rule requiring companies to provide cars for work. It’s only available for executives or workers that often have to travel without being near a company office. That’s why we’re all so incredulous that you consider it normal.
Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day.
Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you’re seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.
Yes 1. is the norm and of course you have to look for good offer and not just get the first one you see - same as with buying. For example, I used to lease a $90000 car for $240 / month with no money down, and including all-risks policy. It’s almost too good to be true, but possible because the maker had a “lease our cars” campaign running when I was looking for one.
Meaning this price is subsidized by the maker for marketing reasons for a limited time.
But I had to compare offers for about 1 week and had to be flexible with the choice of car, if you want to lease your “favorite car” regardless of campaigns and special offers, then it’ll be too expensive as you say.
Dude im driving a 33 year old car as my daily. Sub 100 thousand miles and gets better mileage than quite a few modern cars, gotta love government fleet cars. Anyways take your classist shit and shove it, just cause you can and your ilk can buy a new car every other year doesn’t mean most people can, will, or want to.
Buying is the first mistake. I’ve never done it, I don’t know anyone who has. Leasing is the way. A depreciating asset like a car is the perfect thing to lease.
Depreciation is a myth. A car is a tool not an investment. And if depreciation is a real worry for normal people then why do houses not depreciate? They don’t last forever. In fact on average they only last 50 years. But their prices never go down. Not until they get condemned. Why doesn’t the price on a 5 year old car go up instead of down? It’s got 10 more years in it easily and it’s proven not to be a lemon.
But you know what the real insanity is? Paying 400 dollars a month for years for a car with extra restrictions and then having to turn it in or pay even more to own it. Subscription cars need a lot more consideration, like full warranty, maintenance, and insurance for the entire lease period. Upgrade deals at the end. Because the way it is now you’re just giving shit up to keep paying a corporation.
I’m not paying the lease, the company is. Don’t know anyone who pays for transportation
Where the fuck do you live that everyone drives company cars? Where I live the closest ya get is company trucks with the water or electric company.
Germany
Ok, that fucken explains most everything. I dont know how folks over in Germany do things, but im gonna presume that theres a decently functional public transit system available in most regions. That doesnt exist here in the US for the most part, need to get anywhere you’ll probably be driving, and if you need to guarantee that the vehicle will work then you will probably own your own car.
So you have a company car. And you think that’s normal?
It is where I live?
I saw elsewhere you’re in Germany. Most countries do not have a rule requiring companies to provide cars for work. It’s only available for executives or workers that often have to travel without being near a company office. That’s why we’re all so incredulous that you consider it normal.
Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day. Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you’re seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.
Yes 1. is the norm and of course you have to look for good offer and not just get the first one you see - same as with buying. For example, I used to lease a $90000 car for $240 / month with no money down, and including all-risks policy. It’s almost too good to be true, but possible because the maker had a “lease our cars” campaign running when I was looking for one. Meaning this price is subsidized by the maker for marketing reasons for a limited time. But I had to compare offers for about 1 week and had to be flexible with the choice of car, if you want to lease your “favorite car” regardless of campaigns and special offers, then it’ll be too expensive as you say.