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Lease or Buy

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i did a similar comparison with my TSX against the 325i on ATOT, you will pay over $6k more just to have all options you get in a TSX, just for the blue propeller badge and rwd.

you can get the '04 TSX for close to invoice now...i got the A-spec suspension/comptech rear swaybar; now and i laugh at my friend's 325i

oh, and buy - don't lease if you can
 
Originally posted by: Radiohead
Originally posted by: Passions
So can I ask what you do for a living?
Click to expand...

Looks like he works for the Department of EE, UCLA in 53-138 (Cubicle N14), Eng. IV Building
Sometimes, he work's from his advisor's outer office, which is in 6723 Boelter Hall
Click to expand...

bwaaaaaaaaaaaaahahahahahaha.....maybe I should go pay him a visit then.
 
Originally posted by: Passions
Originally posted by: Radiohead
Originally posted by: Passions
So can I ask what you do for a living?
Click to expand...

Looks like he works for the Department of EE, UCLA in 53-138 (Cubicle N14), Eng. IV Building
Sometimes, he work's from his advisor's outer office, which is in 6723 Boelter Hall
Click to expand...

bwaaaaaaaaaaaaahahahahahaha.....maybe I should go pay him a visit then.
Click to expand...

Really confused ... since I don't work there. Out of curiousity where/how did you obtain this (incredibly incorrect) information.


I decided to buy the TSX ... for some reason I don't like the TL that much. Re: the house option I'm also in pretty good shape for my down on the house. Unfortunatley I live in the Silicon Valley so before I can buy a house I need to be making a 6 figure salary. Since I can't stand living in Sunnyvale I'm looking to buy a place in San Francisco (SOMA area). Which means minimum 500,000 house. In any case I'm still young and want to remain relatively mobile. I can move a car a heck of a lot easier than I can move a house.

 
BALLOON FINANCING is your friend. The way it works is that you have a huge residual at the end, but your monthly payments are low. A TSX or a 330i are not cars that you will keep. Preowned certified is basically a new car. Drive the car around for 2 or 3 years and dump it. This will work better on a new car than a used one though as the interest is higher. Look into it. Thats how we got the SLK. It worked out to 580 a month with nothing down. Not bad considering sticker was somewhere around 42k. Interest was at 4.9%. Car was a model leftover with only 20 miles (not 20k miles) and it was considered used. Official MB dealer.
 
I don't understand why people on this forum suggest buying is a smart movie financially. If you have 28k cash, car will be 14.400 for 36 months on a 400 dollar payment. Invest the other half. You'll get at least a 20-30% return on your money in 2-3 years, probably more if you know what your doing. Cars depreciate. Except for a Ferrari Enzo that actually increased in price after it debuted, your car will go down/
 
saw that you have 14k cash. you don't have to worry about more payments. It makes so much sense to balloon finance in case you want to keep the car, or if you want to dump it.
 
Why wouldn't I want to keep a TSX for few years? My family had a 91 legend that ended up having 230,000 miles when we got rid of it. The great thing was the car was still fun to drive with 210,000 miles on it (I had friends WITH cars who would ask to borrow it).
 
Ahh... I remember googling this guy a few years ago (when I was at school in Berkeley). He's considerably smarter than I am 🙂 ... if you're lucky you'll get the opportunity to spy on him via the webcam he has setup in his lab.
 
Originally posted by: mchammer187
both are nice and actually considered those but decided on getting a mazda 6
it is not as luxurious as the other two but after test driving one it is not bad at all and perfect for me
22 years old, making slightly less than you 54K but i dont pay any rent so
Click to expand...

Mind if i ask what you do for a living? 🙂
 
Originally posted by: andylawcc
Originally posted by: mchammer187
both are nice and actually considered those but decided on getting a mazda 6
it is not as luxurious as the other two but after test driving one it is not bad at all and perfect for me
22 years old, making slightly less than you 54K but i dont pay any rent so
Click to expand...

Mind if i ask what you do for a living? 🙂
Click to expand...

i work for the feds - uspto
 
Originally posted by: lukatmyshu
Ahh... I remember googling this guy a few years ago (when I was at school in Berkeley). He's considerably smarter than I am 🙂 ... if you're lucky you'll get the opportunity to spy on him via the webcam he has setup in his lab.
Click to expand...

You realize, of course, that you're using this guy's name in your profile here.
 
The real answer would be dependent upon how long you plan on keeping the automobile, as well as if you plan to purchase at the end of said lease period.

In most cases, buying is always preferable to leasing; however, if one plans to only keep the automobile a short period of time (before purchasing/leasing another), leasing can have a number of strong points in its favor.
 
Originally posted by: KPSHAH316
BALLOON FINANCING is your friend. The way it works is that you have a huge residual at the end, but your monthly payments are low. A TSX or a 330i are not cars that you will keep. Preowned certified is basically a new car. Drive the car around for 2 or 3 years and dump it. This will work better on a new car than a used one though as the interest is higher. Look into it. Thats how we got the SLK. It worked out to 580 a month with nothing down. Not bad considering sticker was somewhere around 42k. Interest was at 4.9%. Car was a model leftover with only 20 miles (not 20k miles) and it was considered used. Official MB dealer.
Click to expand...

Right... and then you roll the balloon payment into your next loan, that's sound financial advice.
 
A local Acura dealer just called me to say they could give me a good deal on an 04 auto TSX and that they had no MTs in stock. I said thanks but no thanks and to give me a call when the 05 MTs arrive.
 
Originally posted by: KPSHAH316
I don't understand why people on this forum suggest buying is a smart movie financially. If you have 28k cash, car will be 14.400 for 36 months on a 400 dollar payment. Invest the other half. You'll get at least a 20-30% return on your money in 2-3 years, probably more if you know what your doing. Cars depreciate. Except for a Ferrari Enzo that actually increased in price after it debuted, your car will go down/
Click to expand...

Well I wouldn't call a 20-30% return in 3-3yrs 'easy' and without risks imo. But if your good at investment he'd be doing it. That kind of return isn't easy...

Koing
 
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