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Jeom049 OP t1_ja5gel2 wrote

Reply to comment by HokieEng in Is this a Good Car Lease deal? Toyota Corolla LE 2023 by Jeom049

We don't care about holding the car. We are planning to buy something nicer in the next years. We just need a car that we don't need to worry about repairs and not having to be upside down at the end of the 3 year mark

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JoeClackin t1_ja5ohr1 wrote

You are planning on buying a nicer car in 3 years so the plan is to spend 16k on a lease just to avoid being upside on a car. 16k spent and no asset at the end of that time period.

Is there a better way you can utilize that money to set you up for your next purchase? I think that is the argument people are making by saying you should consider buying.

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Jeom049 OP t1_ja5pgr7 wrote

what other lease can I get thats lower in payment. I'm trying to help my girlfriend's father buy a car for her. He will take care of everything. My plan is to be able to take care of her and buy her a better car once the 3 year mark is over. Just want to have the lowest possible payment possible on a new car so that she can be safe and we dont have to worry about repairs or time at the shop or headaches. Everything is just convenience for me. Yes I could save more money if I buy a used car with low miles, but the reality is that I don't want to be worrying about maybe buying a shitbox thats gonna cost me more headaches or money once I'm done with it.

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biggestsinner t1_ja5ucy4 wrote

A new car which also happens to be a “Toyota” is not going to cause any problems for 3 years. If you bought a bmw or jeep brand that’s known to break down as soon as you drive off of the dealership, that’s another story. The better choice would be actually buying it. In the end, you will own an asset that can be used for any kind of improvement in life. Not just a better car. In three years, your priorities might change as well. Maybe, it will become a house downpayment? Who knows?

Also, if a leased car breaks down, you will still go through not having the car for a bit and all that trouble too. So, that is not going to disappear magically. There will be some kind of discomfort either way.

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Jeom049 OP t1_ja5uqr1 wrote

a car is a liability, I just want to see the best option to get a new transport for a short period of time.

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