Never lease a car. Never borrow money to buy a car. Pay cash; if you don't have enough cash, buy a cheaper car.

Thanks for the thought. I'll keep that in mind, when I have $30K sitting around. Pay cash or finance, you are still going to loose money, no way around it. It's a depreciating asset.

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1995 E320 smoke silver / parchment

He's not living in the real world of new cars in 2010.

Unless he can cite EXACT exampes for you - leasing is dirt cheap for your car buying purposes.

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'06 E320 CDI
'17 Corvette Stingray Vert

Yes, you lose money either way, but you are going to lose alot more money financing, and continue a cycle of debt with car payments for the rest of your life.

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1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!

He's going through cars like underwear - there's no way you can come out buying them that frequently - even if every one, no especially if every one is paid for in cash. No way whatsoever.

This guy has lease written all over his MO (modus operendi.)

His money will go further not buying.

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'06 E320 CDI
'17 Corvette Stingray Vert

He's fixing to drop a fortune on buying a new 2011 BMW.

There's no way a lease is more money than buying a new 2011 BMW, for the time he'll be entertained with one.

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'06 E320 CDI
'17 Corvette Stingray Vert

You mean LEASE a 2011. The last thing you want to do is BUY NEW to turn around a trade in at the 3 year mark. That's why i entertained the used E350 , as it has already depreciated some...

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1995 E320 smoke silver / parchment

It's the same thing, the lease company is buying the car for you and charging an excessive amount to finance the difference between the new cost and the residual value. Do you think the lease company is losing money on the deal? If you had the cash, you could make exactly the same deal.

I can't get into a new E350 for $700 on a lease, I would be in a C class (I want to be a Mercedes when I grow up, lol)... and I am not really feeling that car. My friend just bought a 2009 with 15k miles, and it's beautiful, though.

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1995 E320 smoke silver / parchment

Leasing a used car is even worse than leasing a new car. However, I would recommend buying a used car (for cash) to avoid the initial depreciation. Let some other sucker pay for the initial deprecation (there are plenty of them out there).

I quite agree.

I just bought a 2009 Mercury Grand Marquis LS Ultimate edition in May of this year for $15,988.

It had a mere 13,150 miles on it, when I bought it for cash;
and the balance of the 3 year / 36 month factory warranty on it when I purchased it from a Ford Mercury dealer who cherry pics good examples from dealer-only auctions.


MSRP was about $29,800 on it new.

This unit was built and put into service in April 2009 as an Avis daily rental in Los Angeles and retired in January 2010.

I paid cash and let someone else eat almost 50% of the depreciation it took after a year.

I added a cat back clone Crown Vic Police Interceptor dual exhaust, and a Police Interceptor full sze spare tire and matching stock wheel, and couldn't be happier, as it is a paid off next to new car, and LOOKS new after I claybarred it, and waxed and detailed it.


At about 19-24 mpg on cheap regular, it has run perfectly and just turned 21,000 miles and is smooth, comfortable, roomy, (room enogh in the back seat too, not only for 3 kids, but room enough back there for them to FIGHT !!), pretty safe, and spacious and I expect to keep it for years. Police and taxi versions prove its durability and toughness.

If I were you I would consider a one year old one, as true dollar for mile value, including depreciation, repairs, insurance, gas mileage, loan interest, etc. (which is the true cost of actual ownership,) they can't be beat by anything out there.





just put a pair of new, regular issue CA. alphanumeric, NON personalized plates on it.




The dealer that sold me mine just scooped up 5 more of them, in various colors. All 2010 models, identical to my 2009 one from this same dealer.

http://gridleycountryford.com/powersearch.cfm

They are extremely common in Florida where you are. The last of them (production ends by December 2010 and the St. Thomas Ontario, Canada factory will permanently close then) are beginning to be retired as lightly used rentals right now.

Think outside the box. Pick your color.

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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...

1995 E 420, 170k "The Red Plum" (sold)

2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp

1967 Mercury Cougar, 49k

2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold)

There lies the problem. 20k/year is not that much. I have easily put that much on my SD per year for the last three plus years for easily 1/10 of the money more likely closer to 1/30 the cost he has spent on cars driving the same amount. He WANTS to drive a new car. He does not NEED to drive a new car.

I probably could sell my car right now for what I paid for it 3.5 years ago. Tell me again that all cars are a depreciating asset...

I agree with Craig. If the guy can afford $700/month then he should by a $1000 car and put the $700 per month into a car savings account. 700 x 12 = $8400. In one year he could buy a very nice car for $8400 cash.

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2009 ML320 Bluetec
1985 300CD
1981 300TD

Past Mercedes
1979 300TD
1982 300TD
2000 E320 4Matic Wagon
1998 E430
1984 300SD
1980 300SD

If you can afford $700/month, you should have $30k available. If you don't, you should not be shopping for a new car. Good luck.

Totally wrong.

The numbers and frequency of cars yosshimura is going through, LEASING is the only way to come out on car buying.


LEASE, yosshimura, you'll save a fortune - any car leasing outfit can analyse and customize a lease, and show you in black and white the money you will save in doing so.

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'06 E320 CDI
'17 Corvette Stingray Vert

That is true, if you feel the need to switch a car every 3 years (yikes) the least crazy route would be to lease. A lease can be negotiated just as easily as buying; the dealer makes the same money either way.

__________________
1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!