Home › Forums › Decaffeinated Coffee › Exorbitant number of auto leasing companies
- This topic has 9 replies, 6 voices, and was last updated 7 years ago by Meno.
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March 2, 2017 8:53 pm at 8:53 pm #619383The FrumguyParticipant
Does the frum community really need this many auto leasing companies? It seems like an excessive number of companies are opening nearly every week.
They can’t really all be making enough money to stay in business, can they? And, of course, they all charge the same price — the price they receive from the auto manufacturers.
March 2, 2017 9:02 pm at 9:02 pm #1220386MenoParticipant“They can’t really all be making enough money to stay in business, can they?”
Apparently they are.
“And, of course, they all charge the same price”
I recently leased a car. I called a number of places, all gave me basically the same price (within a few dollars).
I made my decision based on the one that was able to get me the car soonest
March 2, 2017 9:07 pm at 9:07 pm #1220387zahavasdadParticipantI just got my car from the dealer directly. Much easier
March 2, 2017 9:12 pm at 9:12 pm #1220388MenoParticipantI got my car from a leasing company. It was incredibly easy. I made a few phone calls on Thursday, and the car was in from of my house on Friday afternoon. I can’t imagine getting it straight from the dealer being any easier than that.
And this way a Jew makes some money. Win-win
March 2, 2017 9:19 pm at 9:19 pm #1220389JosephParticipantLeasing is a waste of money.
Buy don’t lease. If you can’t afford it, buy what you can afford.
March 2, 2017 9:19 pm at 9:19 pm #1220390zahavasdadParticipantI got my car pretty quickly from the dealer and I got exactly what I wanted at the best possible price (You have to negotiate tough with car dealers)
I dont lease cars, i only purchase them
March 2, 2017 9:22 pm at 9:22 pm #1220391👑RebYidd23ParticipantA lease can be more affordable than buying a car.
March 2, 2017 10:36 pm at 10:36 pm #12203925ishParticipantAderaba, there is a line of thinking which goes that buying is a waste.
March 2, 2017 11:04 pm at 11:04 pm #1220393JosephParticipantThe only aderaba is to make those who wasted money on an auto lease assuge their feelings after throwing away money. There’s no financial advantage that can be enumerated for a lease versus purchasing an affordable vehicle.
March 3, 2017 12:41 am at 12:41 am #1220394MenoParticipantSure there is. If you plan on buying a new car and then selling it after a few years, you would often be better off leasing. When you lease a car, the total you end up paying is basically the depreciation of the car over the term of the lease. If you buy a car and sell it, there’s no guarantee that you’ll sell it for what it’s worth, so you end up losing. And this is even more true if you can’t afford the car and have to finance it anyway.
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