just leased a car for tge first time,did i get a good deal?

[Pulsar]

I didn't mean to come across as a lease hater. The deal the OP got seems pretty good.

I just always need a little asterisk next to the question "Did I get a good deal?" *

Down in the footnotes it reads:

* - Only when compared to other leases.

My Taurus had 1 new set of tires over 12 years (Got about 80k out of each set), and the only suspension components replaced were broken front springs (warranty recall across a lot of Tauruses due to corrosion). Change the oil regularly and most new cars will easily run 200k without major maintenance.

PS - regards to cell phones, I have 2 unlimited everything plans and pay $93 a month total... (Boost, using the Sprint Network).

 

[PlasmaBomb]

If you buy the sedan, sure, but the couple looked quite a bit more expensive when I checked Honda's website just now:

OP can now say he leased a $500k car for $250/mo. Steal of the century

 

[bigi]

Yes not a bad deal. Ignore the lease haters and let them enjoy their old cars and spending Saturday afternoon fixing the brakes and suffer a greater chance of injury in a crash. 250/month for a new car that is certainly not an econobox is chump change. Not to mention each new car these days is gaining in mpg so fast that some small bit of operating costs is less.

For a Honda that is actually a great price. You can do better with brands like Nissan but I haven't seen a better price than that on an accord.

Some people are just nuts.

How many Saturdays do you have to spend fixing your brakes, etc? Really.

If you like blowing your dough, fine. If you can not perform basic car maintenance like changing the oil 2 times a year, fine. Pay 10K extra and lease the fricking car.

 

[roguerower]

My '01 Civic has almost 170k miles on it and I don't think it's ever had suspension issues. It's had routine maintenance done on it and is running solid.

 

[sze5003]

My 98 300gt lasted to 200,000 miles actualy 211 and I sold it for 3k great car. I originally bought it when it had 117k on it.

 

[Doppel]

Some people are just nuts.

How many Saturdays do you have to spend fixing your brakes, etc? Really.

If you like blowing your dough, fine. If you can not perform basic car maintenance like changing the oil 2 times a year, fine. Pay 10K extra and lease the fricking car.

I could easily, so easily, pick apart parts of your life in which you spend money frivolously on luxuries you don't need. Some spend them on clothes or tiles for their kitchen and some spend on cars. If you're not really into cars I can understand why, seeing them as nothing at all more than transportation, you'd always resort back to the financial argument and not add any weighting to the benefits of having something newer or nicer to drive around in. Would you chastise a person for putting hardwoods in their house when some perfectly functional linoleum would have sufficed?

 

[dbk]

Well, putting hardwood into a home usually brings up its the value so it's a worthwhile investment. It's not frivolous, at all. I don't think a car on lease and a home being mortgaged is a fair comparison.

 

[Pulsar]

I could easily, so easily, pick apart parts of your life in which you spend money frivolously on luxuries you don't need. Some spend them on clothes or tiles for their kitchen and some spend on cars. If you're not really into cars I can understand why, seeing them as nothing at all more than transportation, you'd always resort back to the financial argument and not add any weighting to the benefits of having something newer or nicer to drive around in. Would you chastise a person for putting hardwoods in their house when some perfectly functional linoleum would have sufficed?

We're talking about cars. Not other parts of your life. In the context of getting a good deal, the more money saved is the better deal. Arguing that you don't like doing maintenance and it therefore invalidates the argument is not valid.

Some people choose not to do the labor on their own vehicle. They're getting ripped off. I'm one of them: I work on engines all day and really don't want to deal with it at home. However, I freely admit I'm getting ripped off taking it in for service.

Arguing that I don't want to do the work and I'm not getting ripped off would be silly. It's almost a direct contradiction.

Back to the original OP, after looking around at online leases, it appears you got a good deal as far as leases go. Nice job.

 

[Insomniator]

Lease haters are hilarious on these forums. They act like driving around a 15 year old hooptie is worth it simply because its cheaper than leasing a new car.

$250 a month on a brand new car with a warranty, maintenance, features, mpg, safety etc... is not a bad deal at all if you can afford it. Some people just say a car is worth $X a month to them. If I had a family and very set budget and a wife that didn't want to worry about the car catching on fire... a lease sounds good to me.

I just bought an 04 MCS for 10k / 200 a month loan. 50 bucks more a month in this case gets me a bigger brand new car with a warranty. An Accord is not my cup of tea but you get the point.

 

[WilliamM2]

Lease haters are hilarious on these forums. They act like driving around a 15 year old hooptie is worth it simply because its cheaper than leasing a new car.

That's quite the generalization. I'm a lease hater, and my car is only 2.5 years old. Oh, and I also don't have any payments, unlike a lease.

I don't think anyone is against new cars, just pointing out that buying is a better deal than leasing. Even better, get a 1-2 year old low mileage car, and save even more.

 

[vi edit]

I don't think anyone is against new cars, just pointing out that buying is a better deal than leasing. Even better, get a 1-2 year old car and save even more.

That would be true 5+ years ago, but not so now. The used car market is wildly out of skew with reality in terms of pricing. There is almost zero incentive to buy "slightly" used. In some cases it's actually cheaper to buy new with incentives.

 

[Phanuel]

That would be true 5+ years ago, but not so now. The used car market is wildly out of skew with reality in terms of pricing. There is almost zero incentive to buy "slightly" used. In some cases it's actually cheaper to buy new with incentives.

This is kind of the problem I'm seeing among cars I'm interested in replacing my 5 y/o A4 with. 'Used' S4s with 35K mi on them are $6K cheaper than a new car.

Roughly 1/3rd of the of the life of the car gone and you've dropped 9% of the sticker? Really?

 

[jagec]

This is kind of the problem I'm seeing among cars I'm interested in replacing my 5 y/o A4 with. 'Used' S4s with 35K mi on them are $6K cheaper than a new car.

Roughly 1/3rd of the of the life of the car gone and you've dropped 9% of the sticker? Really?

S4s only last for 100k? Wow. That's pretty sad.

 

[Phanuel]

S4s only last for 100k? Wow. That's pretty sad.

Don't blame me when Audi gives it a .55 residual at the end of a 5 year lease. And who really keeps one of these cars over 140k? I'd love to pick up a 2001 S4 as a side project, but that's just because it was that fantastic combo of painful German simplicity (lolno) and a twin turbo'd V6 (enormous pain to do any work on) that could get big numbers from.

 

[Ferzerp]

That's quite the generalization. I'm a lease hater, and my car is only 2.5 years old. Oh, and I also don't have any payments, unlike a lease.

I don't think anyone is against new cars, just pointing out that buying is a better deal than leasing. Even better, get a 1-2 year old low mileage car, and save even more.

2011 model here, purchased in August 2011. No payment either.

Also, lease hater.

 

[WilliamM2]

That would be true 5+ years ago, but not so now. The used car market is wildly out of skew with reality in terms of pricing. There is almost zero incentive to buy "slightly" used. In some cases it's actually cheaper to buy new with incentives.

When I was shopping for a car this summer, there were all kinds of 2009 and 2010 Camry LE's and Accord LX's for 14K to 16K, with 25-35K miles on them. The best I was quoted for either car new was about 22K + tax. Sticker was about 25K on both (sunroof, alloy wheels, etc.). To me, saving 7K over new is quite the incentive, saved at least another $500 in tax as well. I'll lose a lot less when I do sell it, and insurance is quite a bit cheaper as well. Plus the car still has the factory warranty should any problems arise.

Most the dealers did have outrageous asking prices, but it turns out they will knock thousands off, if you just ask.

 

[sze5003]

I don't see an issue with leasing as long as you stay within the mileage. I could not do that at all due to my job.

 

[WilliamM2]

2011 model here, purchased in August. No payment either.

Also, lease hater.

Apparently it would have been cheaper for you to buy new, at least according to the lease lovers.

 

[Ferzerp]

Apparently it would have been cheaper for you to buy new, at least according to the lease lovers.

Sorry, did buy new. Didn't clarify that I purchased August 2011.

 

[grkM3]

I could of gone with the base model LX without leather,with hub cap wheels and a manual transmission for 189 a month with nothing down either.

What some of you people dont realise is Im driving a brand new car for 250 a month.That is the bottom line,its 250 a month for a brand new car.

I could of bought it out but I dont like keeping the same car for longer than 3-4 years and I could of easily bought this car out.

I didnt really want to say it but this car will be my beater as my primary car is a E63 AMG and I dont want to drive that this winter.

so 250 a month is nothing compared to what I pay for the AMG,heck Im paying 400 a month just on gas on that car!

 

[sze5003]

In that case any deal you got is a good one lol

 

[sontakke]

What would your country club members think when they see you in that Honda? When you went to purchase the Honda, were you driving your E63 AMG there? I must have missed your post where you told us about the great deal you got on your E63 AMG!

My other car is Bugatti Veryon

 

[grkM3]

What would your country club members think when they see you in that Honda? When you went to purchase the Honda, were you driving your E63 AMG there? I must have missed your post where you told us about the great deal you got on your E63 AMG!

My other car is Bugatti Veryon

I got a pretty good deal for it but comparing a million dollar car to a 50k(used 63 at the time)is not a good example.

I dont play golf either but I would drive the accord there if I did

I have no issues with driving an accord and Im not materialistic at all.It actually drives very well compared to a benz and Im not going to lie,honda has come a long way in luxery and comfort

 

[dbk]

So do you think you'd be able to buy in at the end of your lease and flip it in the used car market? Do more people do this? How much would you profit?

 

[grkM3]

So do you think you'd be able to buy in at the end of your lease and flip it in the used car market? Do more people do this? How much would you profit?

Going from what 3 year old accords are selling for I think I can sell the car for about 17500 in 3 years and the car will still have warranty and well under 40k miles

The buyout will be around 13k