Although I'm still on the fence regarding hybrid automobiles, I am NOT on the fence about "leasing" a vehicle. So, a few years ago I had a discussion with two relatives (who were gung ho regarding leasing a car(s))--here's a short syllabus/comparison:
Pro-leasing: You get a beautiful, new car. It is under a great warranty- for the term of the lease. Often the monthly lease payment is a little less than buying a (new) car for keeps. The lease is 2 or 3 years. Buying is often 4 years. (Insurance is, however, MORE...)
Pro-buying: If the circumstances are ideal, and they can be, you get a beautiful new or late model car. It is under warranty, which may be extended if the loan term exceeds the contract. Insurance is often somewhat LESS (because your contract for insurance will be a long time..). And, here's the main reason"
At the end of a "lease", you take the car back to the lot. They calculate the diminished value, and charge that, plus any other "wear and tear" they say they find. Remember, you have paid two years (or whatever) lease for the car. You don't get the money or the car. Empty pockets as you leave. Now, when you BUY a car, guess what you get at the end of the contract? No cost for d.v. No cost for w & t. AND, now for the drum-roll: YOU GET A CAR!!!!!!!!
I drove a Toyota Camry for a month and really like getting more than 40 miles per gallon! The only time I noticed a difference is when I took my foot off the accelerator, the speed decreased quicker than a gasoline only model as that's when the regen-braking system kicked in to charge the battery.
Leasing deals vary... putting them all into one category doesn't make sense.
Lots of people lease vehicles for their business. The tax write-off and no hassle of ownership works for them. I know two guys doing that. After 3 years they roll into a new vehicle so you are always covered by the manufacturer's warranty.
That said, for any car under three years the DEALER will be doing the service. They are factory trained to work on hybrid vehicles.
If it wasn't viable, people wouldn't be doing it. Also, I'm referring to hybrids and not plug-in hybrids.
chatillion: I drove a Toyota Camry for a month and really like getting more than 40 miles per gallon! The only time I noticed a difference is when I took my foot off the accelerator, the speed decreased quicker than a gasoline only model as that's when the regen-braking system kicked in to charge the battery.
Leasing deals vary... putting them all into one category doesn't make sense.
Lots of people lease vehicles for their business. The tax write-off and no hassle of ownership works for them. I know two guys doing that. After 3 years they roll into a new vehicle so you are always covered by the manufacturer's warranty.
That said, for any car under three years the DEALER will be doing the service. They are factory trained to work on hybrid vehicles.
If it wasn't viable, people wouldn't be doing it. Also, I'm referring to hybrids and not plug-in hybrids.
My plug-in hybrid is getting on the average 62 to 66 MPGe. These numbers change with outdoor temperatures. The colder the ambient temperature the less range running on batteries.
rohaan: Although I'm still on the fence regarding hybrid automobiles, I am NOT on the fence about "leasing" a vehicle. So, a few years ago I had a discussion with two relatives (who were gung ho regarding leasing a car(s))--here's a short syllabus/comparison:
Pro-leasing: You get a beautiful, new car. It is under a great warranty- for the term of the lease. Often the monthly lease payment is a little less than buying a (new) car for keeps. The lease is 2 or 3 years. Buying is often 4 years. (Insurance is, however, MORE...)
Pro-buying: If the circumstances are ideal, and they can be, you get a beautiful new or late model car. It is under warranty, which may be extended if the loan term exceeds the contract. Insurance is often somewhat LESS (because your contract for insurance will be a long time..). And, here's the main reason"
At the end of a "lease", you take the car back to the lot. They calculate the diminished value, and charge that, plus any other "wear and tear" they say they find. Remember, you have paid two years (or whatever) lease for the car. You don't get the money or the car. Empty pockets as you leave. Now, when you BUY a car, guess what you get at the end of the contract? No cost for d.v. No cost for w & t. AND, now for the drum-roll: YOU GET A CAR!!!!!!!!
Don't be stupid.
I want to think you are bad mouthing open-lease agreements, not closed-end lease agreements where the lease-end residual value is established before signing any lease papers.
I have several major guidelines that I follow before buying or leasing: 1) Never lease a new car. 2) lease only courtesy type vehicles with low mileage and a clean service and accident/damage records. This lets the courtesy use by dealers take the upfront big depreciation most car buyers experience when they drive a new almost-no-mileage car off a sales lot. 3) when possible trade in a used car on a lease if it has any remaining equity. You can also get the equity out and in your pocket too. 4) never use a closed-end lease for personal use.
Btw it cost me $38 more annually for to insure this 2023 5 series bimmer than it did to insure the same 5 series bimmer.
sdarlagg: I want to think you are bad mouthing open-lease agreements, not closed-end lease agreements where the lease-end residual value is established before signing any lease papers.
I have several major guidelines that I follow before buying or leasing: 1) Never lease a new car. 2) lease only courtesy type vehicles with low mileage and a clean service and accident/damage records. This lets the courtesy use by dealers take the upfront big depreciation most car buyers experience when they drive a new almost-no-mileage car off a sales lot. 3) when possible trade in a used car on a lease if it has any remaining equity. You can also get the equity out and in your pocket too. 4) never use a closed-end lease for personal use.
Btw it cost me $38 more annually for to insure this 2023 5 series bimmer than it did to insure the same 5 series bimmer.
Ooops 4) above should read “ never use a open-end lease for personal use.
chatillion: I drove a Toyota Camry for a month and really like getting more than 40 miles per gallon! The only time I noticed a difference is when I took my foot off the accelerator, the speed decreased quicker than a gasoline only model as that's when the regen-braking system kicked in to charge the battery.
Leasing deals vary... putting them all into one category doesn't make sense.
Lots of people lease vehicles for their business. The tax write-off and no hassle of ownership works for them. I know two guys doing that. After 3 years they roll into a new vehicle so you are always covered by the manufacturer's warranty.
That said, for any car under three years the DEALER will be doing the service. They are factory trained to work on hybrid vehicles.
If it wasn't viable, people wouldn't be doing it. Also, I'm referring to hybrids and not plug-in hybrids.
the reason you're getting "disagrees" -(thumbs-down) is because, OVERALL, leasing is a loss for the consumer. I "get it" that using leased vehicles commercially is a tax write-off; that's a given in all commercial rental situations, whether it be an office space, machinery, or whatever. By the way, people do many things that are not "viable"--gambling, drinking, ordering expensive food, going on vacations they can't afford, borrowing money they can't pay back, etc....
sdarlagg: I want to think you are bad mouthing open-lease agreements, not closed-end lease agreements where the lease-end residual value is established before signing any lease papers.
I have several major guidelines that I follow before buying or leasing: 1) Never lease a new car. 2) lease only courtesy type vehicles with low mileage and a clean service and accident/damage records. This lets the courtesy use by dealers take the upfront big depreciation most car buyers experience when they drive a new almost-no-mileage car off a sales lot. 3) when possible trade in a used car on a lease if it has any remaining equity. You can also get the equity out and in your pocket too. 4) never use a closed-end lease for personal use.
Btw it cost me $38 more annually for to insure this 2023 5 series bimmer than it did to insure the same 5 series bimmer.
I don't see it as "bad-mouthing". When the public comments on an issue many are against, is that "bad-mouthing", or is it simply one's prerogative? Right?
rohaan: the reason you're getting "disagrees" -(thumbs-down) is because, OVERALL, leasing is a loss for the consumer.
Aha... so it's that easy to get a thumb pointing the right way ...hmm ok, let my try:
"Leasing is very dumb, especially if it's an expensive show off car like that! Go for a nice used Toyota Corolla that you can ditch when you wanna." Now let's see roh.... I think this one will be very popular!
rohaan: I don't see it as "bad-mouthing". When the public comments on an issue many are against, is that "bad-mouthing", or is it simply one's prerogative? Right?
sdarlagg: Badmouthing anything is one's prerogative.
Hey Sweetie........Ro has the tendency to bad mouth instead of just disagreeing. Don't let it bother you. I love your car cause it reminds me of Bond's Astim Martin.
sdarlagg: Thanks gonelikethewimd. Takes about 3 to 3.5 hours to fully charge using 240 Volts AC at 16 amps
that's what you're putting into the Charger,but Batteries charge only at DC-Current,AC destroys them! So,what is coming out of the Charger,unless your Vehicle converts that AC-Current into DC-Current by an internal Converter! You take about 13.5 KWH to charge that Vehicle! 240x16x3.5=13440 WH.
Conrad73: that's what you're putting into the Charger,but Batteries charge only at DC-Current,AC destroys them! So,what is coming out of the Charger,unless your Vehicle converts that AC-Current into DC-Current by an internal Converter! You take about 13.5 KWH to charge that Vehicle! 240x16x3.5=13440 WH.
Actually, this vehicle can not be charged at a fast DC power station. My hybrid’s internal power supply converts regulates how much of a power source it uses no matter what VAmperage is powered to it by way of the AC Wall Wart.
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I decided to lease a little 2023 hybrid automobile. Do you like it?(Vote Below)