Evo X - Lease vs Purchase
I leased my 2014 GSR with Sight/Sound package.
$1500 down, $376 a month(tax included) 12k/year for 2 years
Why did I lease it? because as a lease, I won't be willing to go with mods that are likely to eventually lead to a built engine. Been there, done that with a WRX. Don't want to do it again
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$1500 down, $376 a month(tax included) 12k/year for 2 years
Why did I lease it? because as a lease, I won't be willing to go with mods that are likely to eventually lead to a built engine. Been there, done that with a WRX. Don't want to do it again
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Newbie
Joined: Jan 2010
Posts: 82
Likes: 0
From: Chicago
im planning on leasing one. Modding it with bolt ons and beating it to death, then putting to stck and returning it.
I had an X MR and GSR before owned straight out and wouldnt go that route again since i get bored of cars very quickly.
I had an X MR and GSR before owned straight out and wouldnt go that route again since i get bored of cars very quickly.
Thread Starter
Newbie
Joined: Aug 2013
Posts: 16
Likes: 0
From: Minnesota
Dude, you can lease an Evo for the same price you can buy an FRS/BRZ.
I see this **** all the time at the dealer. For some reason Sion TCs, Civic SIs, and BRZs seem to the 3 biggest offenders.
They were looking at an Evo and STi, thought they couldn't afford it so they bought something in the low 20's/high teens. 6 months to a year later they come in with this car that isn't what they wanted. They're burred in their car, like 5 grand upside down, and now they want an Evo.
Just lease the car you want, and buy it at the end of your lease. You'll probably always think to yourself "I should have just gotten an Evo," every time you see one or drive by a Mitsu dealer in your less than equivalent car. You'll never once say "Why am I paying so much for this car?"once you get in to one.
I see this **** all the time at the dealer. For some reason Sion TCs, Civic SIs, and BRZs seem to the 3 biggest offenders.
They were looking at an Evo and STi, thought they couldn't afford it so they bought something in the low 20's/high teens. 6 months to a year later they come in with this car that isn't what they wanted. They're burred in their car, like 5 grand upside down, and now they want an Evo.
Just lease the car you want, and buy it at the end of your lease. You'll probably always think to yourself "I should have just gotten an Evo," every time you see one or drive by a Mitsu dealer in your less than equivalent car. You'll never once say "Why am I paying so much for this car?"once you get in to one.
Man convincing! I also gave that some consideration. The BRZ does fit all my criteria except for it being slow as molasses. I've haven't completely ruled out the idea of an Evo but I'm leaning more towards a BRZ. I don't feel like I would just be settling with a BRZ either. I suppose time will tell at this point.
Evolving Member
Joined: Feb 2012
Posts: 444
Likes: 0
From: Minnesota
You will, the first time a car comes up to your side and blows past you and you try to catch them, but can't. You'll think "How can I make this car faster?" And then you'll do all this research and look at how much it would cost. And that's when you'll realize, "I should have just gotten an Evo."
Why? People can't afford to finance them. That is why they lease them. A $50K car (ex. BMW 3-series) financed for 5 years at 1.99% is about $1,000/mo. You shouldn't spend more than 20% of your take home pay on cars is the rule of thumb. You would have to make $100K+ a year to be able to afford that 3-series.
Newbie
Joined: Aug 2013
Posts: 55
Likes: 0
From: Florida
Congrats! Nice ride!!
For some people, leasing makes more sense than tying up a a huge down payment(to get an affordable monthly payment) in a car. Your money better serves you by investing in it appreciating assets.
Why? People can't afford to finance them. That is why they lease them. A $50K car (ex. BMW 3-series) financed for 5 years at 1.99% is about $1,000/mo. You shouldn't spend more than 20% of your take home pay on cars is the rule of thumb. You would have to make $100K+ a year to be able to afford that 3-series.
Last edited by RGV250; Nov 11, 2013 at 02:51 PM.
Evolving Member
Joined: Apr 2006
Posts: 107
Likes: 0
From: Cleveland
Leasing is awesome because the residual is going to be less than market value and you can make money at the end by simply financing the residual and selling it yourself. Ally or whoever you lease your car thru sets the residual so they can sell the car at auction when you turn it in for profit. A leased car is not owned by the dealer, it belongs to Ally or some bank. They take those lease turn ins and sell them at auction (for profit) to dealers who then sell them on their lot (for profit.)
I leased a 2010 back in 2010 for 36 months and the lowest miles per year I could get. This gets you the lowest payment possible and doesnt matter if you go over because youre going to finance at the end anyway. The price was $35k, the residual was .54 or $19k so at the end I bought the car for 19k then sold it out right for $24.5k right away. I think it is silly to turn in leased vehicle and let the bank have it back for such a low price. Look at any lease residual and its almost always much lower than you could buy the same car for anywhere else, they love when you turn it in. Think about it, can you buy a 36 month old evo for $19k anywhere else?
I leased a 2010 back in 2010 for 36 months and the lowest miles per year I could get. This gets you the lowest payment possible and doesnt matter if you go over because youre going to finance at the end anyway. The price was $35k, the residual was .54 or $19k so at the end I bought the car for 19k then sold it out right for $24.5k right away. I think it is silly to turn in leased vehicle and let the bank have it back for such a low price. Look at any lease residual and its almost always much lower than you could buy the same car for anywhere else, they love when you turn it in. Think about it, can you buy a 36 month old evo for $19k anywhere else?
Thread Starter
Newbie
Joined: Aug 2013
Posts: 16
Likes: 0
From: Minnesota
Thanks guys! The car is awesome! Even nearly stock it's AMAZING to drive! I guess the X vs IX being aggressive appearance wise is debatable. I feel the front end of an X looks meaner. I love the rawness of the IX though! I opted out on the lease/purchase of an X because I don't want to make monthly payments for the next 4 - 5 years. Granted the IX is pricier every month right now, I know it'll be payed of within the 2 years and I can mod it freely. In my position it just made more sense financially. Maybe in the future I'll pick up an X, but I feel IX's are the best Evo's made and carry the last gen of the 4g63's so I want to enjoy that experience.
