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Evo X - Lease vs Purchase

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Old Aug 22, 2013 | 11:49 AM
  #16  
Reinyn's Avatar
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Originally Posted by Kracka
(300*24)+3500+27000=$37,700
I hope for that you at least got yourself the SS package.
Uhh.. you forgot the almost $3K in taxes I would have had to pay up front :-)

Aero Package, Aluminum Shifter, Brake handle and LED lights, lol.
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Old Aug 22, 2013 | 11:50 AM
  #17  
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About how much should a new GSR go for? I know this is an open ended question because it depends on a few variables. Maybe I can just get a price range? I'm trying to be open minded about this too. I don't mind paying a little extra in the end if it means significantly lower monthly payments. At least the extra money paid out at the end over shadows the possibility of buying an abused used Evo. I'm still open to suggestions though. I appreciate everyone’s input.
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Old Aug 22, 2013 | 11:52 AM
  #18  
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Originally Posted by Reinyn
Uhh.. you forgot the almost $3K in taxes I would have had to pay up front :-)

Aero Package, Aluminum Shifter, Brake handle and LED lights, lol.
Don't you still have to pay those taxes after the lease is over if you decide to keep the car?
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Old Aug 22, 2013 | 11:53 AM
  #19  
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Originally Posted by EvoAddict22
About how much should a new GSR go for? I know this is an open ended question because it depends on a few variables. Maybe I can just get a price range? I'm trying to be open minded about this too. I don't mind paying a little extra in the end if it means significantly lower monthly payments. At least the extra money paid out at the end over shadows the possibility of buying an abused used Evo. I'm still open to suggestions though. I appreciate everyone’s input.
Which options packages are you considering? SS, SL, Aero, Nav?
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Old Aug 22, 2013 | 11:54 AM
  #20  
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Originally Posted by Noize
Worst analogy ever.
An administrador trolling...sad
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Old Aug 22, 2013 | 11:54 AM
  #21  
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Originally Posted by EvoAddict22
Don't you still have to pay those taxes after the lease is over if you decide to keep the car?
I think you would only pay the tax on the residual purchase price.
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Old Aug 22, 2013 | 11:59 AM
  #22  
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Originally Posted by tellme718
An administrador trolling...sad
I'm pretty sure if you scroll up, you were the one trolling. And not making a bit of sense in the process.

FWIW, I leased my car.
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Old Aug 22, 2013 | 12:05 PM
  #23  
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Originally Posted by Noize
I'm pretty sure if you scroll up, you were the one trolling. And not making a bit of sense in the process.

FWIW, I leased my car.

I didn't troll. I asked a legitimate question for someone to emphasize on which I doubt anyone will because theres no proof against leasing.

However your post was a single sentence mocking my paragraph. That my friend is a trolling.

FWIW...so did I. Twice.
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Old Aug 22, 2013 | 12:05 PM
  #24  
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Originally Posted by Reinyn
Uhh.. you forgot the almost $3K in taxes I would have had to pay up front :-)
Great, so add the taxes in on the back end after the lease is up.
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Old Aug 22, 2013 | 12:08 PM
  #25  
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Originally Posted by Kracka
Great, so add the taxes in on the back end after the lease is up.

Kracka, does your GSR have any packages? Just curious.
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Old Aug 22, 2013 | 12:14 PM
  #26  
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The thing I don't like about the leasing process in regards to an Evo is the hesitancy to modify much and the crazy-high residual values.

If you can leave your car mostly stock and know you definitely want out of it in two years, it can be a pretty tempting deal.

Two months in, I'm micromanaging my mileage and holding myself back from more than basic mods. Of course, that's because it's new and I feel like I'll really want to keep it long term ATM.

The place where I got nailed is that trading in on a lease is fruitless, because you aren't able to use the tax savings.

What I'll probably do over the next few years is save up about $12k, and decide if I want to dump a lot of cash down payment and finance the car two years, or turn the car in and use that money toward whatever is worth having in 2015.
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Old Aug 22, 2013 | 12:16 PM
  #27  
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Originally Posted by lippy1306
Which options packages are you considering? SS, SL, Aero, Nav?

Good question. Im not even sure on the differences yet. I would for sure want Bluetooth and MAYBE navigation but I could live without that. Im not sure on the Aero because I don't know the difference in how it looks. The whole Evo X idea is just something I'm throwing around right now but contemplating seriously. I will have to do a bit more research.

*edit*
Just looked up the Aero package. I can live without that.


Last edited by EvoAddict22; Aug 22, 2013 at 12:24 PM.
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Old Aug 22, 2013 | 12:21 PM
  #28  
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Here's what I've seen tons of times. Assume car X costs 35k brand new. If a buyer walks in with 30k in cash, he'll take the car no problems at all. So long term you will save about 10k if you just buy in cash.
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Old Aug 22, 2013 | 12:23 PM
  #29  
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Originally Posted by Noize
The thing I don't like about the leasing process in regards to an Evo is the hesitancy to modify much and the crazy-high residual values.

If you can leave your car mostly stock and know you definitely want out of it in two years, it can be a pretty tempting deal.

Two months in, I'm micromanaging my mileage and holding myself back from more than basic mods. Of course, that's because it's new and I feel like I'll really want to keep it long term ATM.

The place where I got nailed is that trading in on a lease is fruitless, because you aren't able to use the tax savings.

What I'll probably do over the next few years is save up about $12k, and decide if I want to dump a lot of cash down payment and finance the car two years, or turn the car in and use that money toward whatever is worth having in 2015.

I agree 100%. I leased because i wasn't totally sure whether or not I want to stay stuck with the pricey Evo X or just wipe my hands clean and jump into a better car if I outgrow the Evo. Not being able to go hardcore on mods is a good thing I think. Keeps you from spending wads of cash on ths freaking thing.

The mileage restrictions suck to say the least but I feel you had to have made the conscious decision in the beginning whether to pay more on payment to get more miles on the contract. So we cant really blame the lease for that.

Best part of lease is the option to turn it in after a short time. But it gives you enough time to either hate the car or love it.
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Old Aug 22, 2013 | 12:26 PM
  #30  
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i leased my X for 2.5 years and liked it a lot that i eventually financed the rest of the residual BEFORE the lease ended.

i'm not sure why some people think that you end up paying more at the end. for example, you and the dealer have agreed that the car is $35k (whether you buy it or lease it) and that's the set price you'll carry during the lease. then say, your residiual is $20k when the lease ends, so you either walk away, pay with cash, or finance. the price don't go up.
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