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  #1 (permalink)  
Old 15 Jul 2012, 11:41 pm
Doug
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Default buy or lease Honda

Some time ago my elderly relative and I were talking about her Honda
Accord. She advised me that when I get into my 70's, if I'm still
driving, to maybe consider leasing instead of buying. I never leased
a car but it got me to thinking about this.... Good or bad idea or
depends on what ???? I presume I could lease a Honda Accord down the
road.
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  #2 (permalink)  
Old 16 Jul 2012, 12:21 am
JRStern
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Default Re: buy or lease Honda

On Sun, 15 Jul 2012 23:41:30 -0500, "Doug" <noemailaddress@msn.com>
wrote:

>Some time ago my elderly relative and I were talking about her Honda
>Accord. She advised me that when I get into my 70's, if I'm still
>driving, to maybe consider leasing instead of buying. I never leased
>a car but it got me to thinking about this.... Good or bad idea or
>depends on what ???? I presume I could lease a Honda Accord down the
>road.


I've taken to leasing the last umpty years.

Check out the prices!

Assuming you drive average miles, you end up paying a small premium
for having almost zero maintenance issues, and the most up to date
styling.

But let the prices help you decide.

J.

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  #3 (permalink)  
Old 16 Jul 2012, 12:34 pm
jim beam
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Default Re: buy or lease Honda

On 07/16/2012 11:19 AM, Douglas C. Neidermeyer wrote:
> On 7/16/12 12:41 AM, Doug wrote:
>> Some time ago my elderly relative and I were talking about her Honda
>> Accord. She advised me that when I get into my 70's, if I'm still
>> driving, to maybe consider leasing instead of buying. I never leased
>> a car but it got me to thinking about this.... Good or bad idea or
>> depends on what ???? I presume I could lease a Honda Accord down the
>> road.

>
> I think the consensus among financial adviser types is that owning is
> most always cheaper than leasing, no matter your age.


no, that depends on your tax status. business owners and the self
employed can benefit greatly from leasing - they get to write off 100%
of costs. ownership only gets you a percentage.


--
fact check required
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  #4 (permalink)  
Old 16 Jul 2012, 01:19 pm
Douglas C. Neidermeyer
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Default Re: buy or lease Honda

On 7/16/12 12:41 AM, Doug wrote:
> Some time ago my elderly relative and I were talking about her Honda
> Accord. She advised me that when I get into my 70's, if I'm still
> driving, to maybe consider leasing instead of buying. I never leased
> a car but it got me to thinking about this.... Good or bad idea or
> depends on what ???? I presume I could lease a Honda Accord down the
> road.


I think the consensus among financial adviser types is that owning is
most always cheaper than leasing, no matter your age.

--
The more is given, the less the people will work for themselves and the
less they work, the more their poverty will increase.
--Leo Tolstoy
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  #5 (permalink)  
Old 16 Jul 2012, 03:03 pm
SMS
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Default Re: buy or lease Honda

On 7/16/2012 11:19 AM, Douglas C. Neidermeyer wrote:
> On 7/16/12 12:41 AM, Doug wrote:
>> Some time ago my elderly relative and I were talking about her Honda
>> Accord. She advised me that when I get into my 70's, if I'm still
>> driving, to maybe consider leasing instead of buying. I never leased
>> a car but it got me to thinking about this.... Good or bad idea or
>> depends on what ???? I presume I could lease a Honda Accord down the
>> road.

>
> I think the consensus among financial adviser types is that owning is
> most always cheaper than leasing, no matter your age.


True, but not everyone is looking to do what's cheapest.

The only time leasing makes _financial_ sense is for companies that can
write off the cost of the lease as a business expense and when that
write-off is greater than the depreciation, or when they don't have the
cash on hand to purchase and don't want to deal with a loan.



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  #6 (permalink)  
Old 16 Jul 2012, 05:33 pm
Douglas C. Neidermeyer
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Default Re: buy or lease Honda

On 7/16/12 4:03 PM, SMS wrote:
> On 7/16/2012 11:19 AM, Douglas C. Neidermeyer wrote:
>> On 7/16/12 12:41 AM, Doug wrote:
>>> Some time ago my elderly relative and I were talking about her Honda
>>> Accord. She advised me that when I get into my 70's, if I'm still
>>> driving, to maybe consider leasing instead of buying. I never leased
>>> a car but it got me to thinking about this.... Good or bad idea or
>>> depends on what ???? I presume I could lease a Honda Accord down the
>>> road.

>>
>> I think the consensus among financial adviser types is that owning is
>> most always cheaper than leasing, no matter your age.

>
> True, but not everyone is looking to do what's cheapest.
>
> The only time leasing makes _financial_ sense is for companies that can
> write off the cost of the lease as a business expense and when that
> write-off is greater than the depreciation, or when they don't have the
> cash on hand to purchase and don't want to deal with a loan.
>
>
>


Yes siree...and thank goodness for that!

Otherwise our economy would truly implode as no one would shop at a
mall, eat at a white tablecloth restaurant, buy designer bottled water,
pay $3.50 for a cup of coffee or shell out over $100 a month for
cellular service ;-)

--
The more is given, the less the people will work for themselves and the
less they work, the more their poverty will increase.
--Leo Tolstoy
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  #7 (permalink)  
Old 16 Jul 2012, 07:01 pm
Elmo P. Shagnasty
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Default Re: buy or lease Honda

In article <ju24rh$qe5$1@news.albasani.net>,
"Douglas C. Neidermeyer" <sgt@arms.omega.faber.edu> wrote:

> > True, but not everyone is looking to do what's cheapest.

>
> Yes siree...and thank goodness for that!
>
> Otherwise our economy would truly implode as no one would shop at a
> mall, eat at a white tablecloth restaurant, buy designer bottled water,
> pay $3.50 for a cup of coffee or shell out over $100 a month for
> cellular service ;-)


What kills me is the people who shell out $200/mo for TV service, plus
another $200 for cell phone.

Then they complain.
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  #8 (permalink)  
Old 17 Jul 2012, 08:47 am
Howard Lester
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Default Re: buy or lease Honda

"Elmo P. Shagnasty" wrote

> What kills me is the people who shell out $200/mo for TV service, plus
> another $200 for cell phone.
>
> Then they complain.


Remember when these and other such things didn't exist -- and we were no
less content?

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  #9 (permalink)  
Old 17 Jul 2012, 09:37 am
Elmo P. Shagnasty
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Default Re: buy or lease Honda

In article <ju3qd2$5bn$1@dont-email.me>,
"Howard Lester" <howardxtlester@verizon.net> wrote:

> "Elmo P. Shagnasty" wrote
>
> > What kills me is the people who shell out $200/mo for TV service, plus
> > another $200 for cell phone.
> >
> > Then they complain.

>
> Remember when these and other such things didn't exist -- and we were no
> less content?


yep.

Now the 24/7 attention-seeking "news" world is so out of touch, they
report on what I call "white people's problems" such as this:

http://con.st/10100659

That *anyone* considers this "newsworthy" or "a problem" is scary, let
alone pathetic.
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  #10 (permalink)  
Old 17 Jul 2012, 09:48 am
jim beam
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Posts: n/a
Default Re: buy or lease Honda

On 07/17/2012 07:37 AM, Elmo P. Shagnasty wrote:
> In article<ju3qd2$5bn$1@dont-email.me>,
> "Howard Lester"<howardxtlester@verizon.net> wrote:
>
>> "Elmo P. Shagnasty" wrote
>>
>>> What kills me is the people who shell out $200/mo for TV service, plus
>>> another $200 for cell phone.
>>>
>>> Then they complain.

>>
>> Remember when these and other such things didn't exist -- and we were no
>> less content?

>
> yep.
>
> Now the 24/7 attention-seeking "news" world is so out of touch, they
> report on what I call "white people's problems" such as this:
>
> http://con.st/10100659
>
> That *anyone* considers this "newsworthy" or "a problem" is scary, let
> alone pathetic.


it's newsworthy to owners. but there aren't many of those.

my personal fave is yahoo news. i read it every day to see what stories
they /don't/ run, and also what they pull about 10 minutes after
publication. - that they're so transparently subservient to washington
tells you more about the daily political climate than hours scanning
other outlets.


--
fact check required
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