Lease vs Buy

Originally posted by Videoholic
Luckee, do a little homework on the Expedition.  It is a total redesign this year.

Front to back

Independent rear suspension.  

The thing is heads and tails better than the 2002.

Which I agree is a mistake to get because the \'03\'s are far and away a much better truck.

If I remember correctly...the model in which you are talking came out in late 2k1 as a early 2k2. All in all, its still a ford.

Originally posted by Jar O\' Pickles
im on my second lease in 4 years im pretty pleased with them so far their great if you dont rack up to many miles(im alloted 15,000 miles a year or 60,000 miles total on this new one)my 1st car was a $19k cavalier wich cost me $700 when i leased it and $330 a month(better credit rating would have gotten me a lower payment) i was 6000 miles over me limit at the end of the lease which would have cost me $1200 out of pocket but the finance guy at my dealership knocked that off the total price of my new car and finaced it though the lease and gave me a check for $1200  to give to GMAC for my over limit fee so all my second car cost me was $75 for plate transfer and now i have a $23k car that i only pay $340 a month for 4 years and when those 4 years are up i can buy it for $10k and finance that over 5 years
i hope that little story helps

So your $23,000 car will cost you $16,320 over four years, and you\'ll still have to pay $10,000 more to keep it at that point, in which case it would cost you $3,320 more than it was worth new.  

Instead of doing that, you should finance it over five years, and if it\'s a domestic car you should be able to get 0% financing.  That would cost you $384.00 per month, and then after five years you would own an ASSET that you could keep or trade in, enabling you to buy your next car for even less.  Or, you could keep it and have no car payments for a while.

Originally posted by Coredweller
So your $23,000 car will cost you $16,320 over four years, and you\'ll still have to pay $10,000 more to keep it at that point, in which case it would cost you $3,320 more than it was worth new.  

Instead of doing that, you should finance it over five years, and if it\'s a domestic car you should be able to get 0% financing.  That would cost you $384.00 per month, and then after five years you would own an ASSET that you could keep or trade in, enabling you to buy your next car for even less.  Or, you could keep it and have no car payments for a while.

two things with that 1st they dont just give you that 0% you have to qualify for it (which i dont) and you have to make a down payment the worse your credit the higher the down payment you have to make

[Titan]

Originally posted by Videoholic
Why would an Expedition gaurd you from Car jackings?  That makes no sense what so ever.  If a guy comes at you with a gun it doesn\'t matter what kind of car you drive they will still get in and take it.

An Excursion will Those things are so big that you need mountain climbing equipment to get up to the driver\'s door. They have terrible gas milage too. They didn\'t last too long over here.

[videoholic]

Originally posted by luckee


If I remember correctly...the model in which you are talking came out in late 2k1 as a early 2k2. All in all, its still a ford.

It came out a couple weeks ago and it\'s a front to back redesign.

Sorry it\'s not a dodge neon, but hey, to each his own.

[videoholic]

Actually Cored about the 0% financing.  Quite often they take away all cash rebates when they give you 0% financing, so it really isn\'t 0%.  It\'s a little better than 5.49% though.  5.49% is still pretty darn low.  They aren\'t offering that on the 03 expedition though.  Only the 02 because the 02 is going to be hard for them to get rid of since this was a model change.