Buying or leasing a car
Jun 28th 2005, 4:21 am
#16
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,023
Re: Buying or leasing a car
Originally Posted by Iginla
Pros and cons.
You talk as if the whole 8K is dead money. Say it depreciates 2K after 2 years. Works out at less than $100/month. What is an average lease?
Now, correct me if I'm wrong (I'm not fully up on leasing) but when you lease a car aren't you paying some sort of cost when you change for the depreciation of the original one? Isn't the car you're returning thorughly inspected and priced according to the condition. Aren't you tied to reselling that car to your dealer and their price? Or are you saying that after 2 years you can simply walk in and change your car with no hidden costs? Who pays for the depreciation in the original car? From conversations with friends they've told me that they've been charged ridiculous amounts for e.g. small paint chips.
Why do you think that a 6 year old properly cared for and maintained car would be unreliable, loud and fuel inefficient?
You talk as if the whole 8K is dead money. Say it depreciates 2K after 2 years. Works out at less than $100/month. What is an average lease?
Now, correct me if I'm wrong (I'm not fully up on leasing) but when you lease a car aren't you paying some sort of cost when you change for the depreciation of the original one? Isn't the car you're returning thorughly inspected and priced according to the condition. Aren't you tied to reselling that car to your dealer and their price? Or are you saying that after 2 years you can simply walk in and change your car with no hidden costs? Who pays for the depreciation in the original car? From conversations with friends they've told me that they've been charged ridiculous amounts for e.g. small paint chips.
Why do you think that a 6 year old properly cared for and maintained car would be unreliable, loud and fuel inefficient?
Jun 28th 2005, 4:30 am
#17
Joined: Oct 2004
Posts: 7,715
Re: Buying or leasing a car
FWIW, another option besides buying or selling ...
If anyone mainly walks, bikes and/or uses mass transit and just wants/needs a vehicle every once in a while there are a few areas and cities in Canada have car co-ops.
http://www.victoriacarshare.ca/pages/links.html
If anyone mainly walks, bikes and/or uses mass transit and just wants/needs a vehicle every once in a while there are a few areas and cities in Canada have car co-ops.
http://www.victoriacarshare.ca/pages/links.html
Jun 28th 2005, 4:37 am
#18
Deep in the red C.
Joined: Oct 2004
Posts: 1,663
Re: Buying or leasing a car
Originally Posted by hot wasabi peas
FWIW, another option besides buying or selling ...
If anyone mainly walks, bikes and/or uses mass transit and just wants/needs a vehicle every once in a while there are a few areas and cities in Canada have car co-ops.
http://www.victoriacarshare.ca/pages/links.html
If anyone mainly walks, bikes and/or uses mass transit and just wants/needs a vehicle every once in a while there are a few areas and cities in Canada have car co-ops.
http://www.victoriacarshare.ca/pages/links.html
Car co-op from what I've heard from people who were in it is cr@p in Calgary. Something like 2-3 cars and very difficult to get one when you need it. I thinking of starting a chuckwagon co-op!
My wife on the other hand was in one in Quebec city years ago and said it was brillant.
Jun 28th 2005, 4:41 am
#19
Joined: Oct 2004
Posts: 7,715
Re: Buying or leasing a car
Originally Posted by Iginla
Yep, walk in the Winter, cycle in the Summer. (35 and 15 mins)
Car co-op from what I've heard from people who were in it is cr@p in Calgary. Something like 2-3 cars and very difficult to get one when you need it. I thinking of starting a chuckwagon co-op!
My wife on the other hand was in one in Quebec city years ago and said it was brillant.
Car co-op from what I've heard from people who were in it is cr@p in Calgary. Something like 2-3 cars and very difficult to get one when you need it. I thinking of starting a chuckwagon co-op!
My wife on the other hand was in one in Quebec city years ago and said it was brillant.
) the Flames have another run for the cup you could open a bandwagon side-line to the business. 
