Quote:
Originally Posted by fielderLS3
Hyundais, like leases, are alike. They always look good on paper and upfront, and always are a bad idea in the end. 
OP, you've been a good sport with the comments, but I would have to offer some serious advice and agree with many others here on leasing. A lease is the single most expensive way to obtain a car. The initial payments may be lower than buying, but unlike with buying, equity is never built, so the payments never end, so in the long run, you end up paying much more than you would if you just bought the car.
Even if you do trade up every 3 years, the lease will still be more expensive than buying. When you buy and trade in, you pay depreciation. When you lease, you pay the same depreciation plus a healthy profit to the lease company on top of that. |
Ok gotta reply to this one. Unless you are blessed to be able to pay cash for a car as soon as you leave the dealer your car starts depreciating. I always do sign and drive so no money comes out of pocket. I will pay $200 to $300 dollars less than someone buying and can afford a maxed out car not a stripper or mid-range model. I lease end I have option to buy at a discounted rate. Example, my last car a Hyundai genesis sedan snickered for $43,000 dollars,in 3yrs at lease end I can buy for $26,000.when it goes on the lot you will pay between $30,000 and $35,000 for it. For a few extra bucks a month I can get mileage bumped to 15 a year which is plenty for the average driver. Depending on car company you can get your maintenance paid for. BMW does it and when I had my c230 kompressor MB I paid no maintenance . Even if the brand is not premium they will throw in oil changes. Again,while the average car buyer is putting down a hefty down payment and paying for 5yrs, after 3 i'am in the next best thing. Not to mention after 5yrs and your car is paid off and the warranty has expired,you start getting nickeled and dimed to death! When you lease your car is always under warranty! I have beem leasing for 17yrs and have had some very nice fully loaded cars that I wouldn't have been able to buy. Do I own my car no,but neither do buyer. The banks own your car untill it's paid for. My lease is mine till lease end and then I have option to buy at a discounted rate! Does it work for everyone (no) ,but I works for me!