What are your monthly payments?

I'm trying to see if they match what I would be paying. $1000 down, 12k, 36 months, base car with no options. Just automatic.

My most recent offer has been $330

 

Out of curiousity... why lease?

 

i dont understand whats the point of leasing a TC there isnt much difference, the amound you pay for it might aswell pay it off and keep it.

 

$330 to lease?

I pay $347 to own and put zero dollars down, and got alot of the options to put the car at $21k

So at the end of it all you will have saved $17 a month and own nothing.

 

Leasing is for suckers... i used to sell toyotas and the most profit that i ever made was on leases.... there is only about a 9% profit margin on toyotas and i think even less on Scion's... i also couldn't lease anything cuz you CANNOT modify anything on the car AND you can only drive a certain amount of miles a year... NO THANKS... i am already turning 26,000 miles on my '06 tC and i have had it since July '05... in the long run you will end up paying a lot more than you need to for a car that you may love and then you have the BIG balloon payment at the end the the lease terms or you refinace the reat of the amount owed.... Leases are only good for rich people who always want to show off with a brand new car and they don't care about the price..

 

like everyone said before..leasing is a waste of time..u can never own the vehicle you want....after those 3 yrs its gone..

u can spend the same amount to own a tC than leasing one!..
so buy one not lease one


o ya i only pay 301 a month to own with 2k down

 

I am buying my tC because of the mileage that I do every year.

However,just about everyone who says they would never lease because its never yours trade in BEFORE the 60 months are up anyway so it still was never theirs.

If you can stay within the 12K and you know you will want a different car in 3 years(like most of us) and do not plan on modding then leasing is a real option.

That said the price they are offering you is steep.
I have seen BMWs with similar rates. Get them to come down a bit .Honda normally have good lease offers so take one of those in as leverage.(please dont go to the darkside though)

Let us know what you decide.
Good luck

 

not all lease plans are bad. my sister's lease is unbeatable. she got a red is300 back in 2003, brand new, lease for 36 months. zero down, 300 a month!!!

i haven't seen anything that can beat that deal. and it's a lexus!

 

not all leases are bad, but this deal just stinks. and plus, you don't normally lease an economy car...

 

But if you buy for 60 months then trade in at 36 months, you will have a killer down payment on your next car.

Now if you lease for 36 months and get another car at 36 months, you have nothing to trade in for the down payment.

 

the way I see it, leasing is for more expensive cars and if you are planning to drive less then the terms (usually 12k miles).
When I had my tC, I financed it, because I was offered $250 a month for lease, or $300 a month for financing. Proving that those terms werent for the same amount of time, but it seemed as a better financial decision to finance a 17k car. Especially since it was a hot item. When I sold it, I got 3k more then what I owed on it, and that 3k went into the downpayment for my current car, Acura tsx. The acura is leased, because its a 30k car and if I were to finance I wouldnt be able to afford the payments. On the other hand, since I like to switch cars every couple of years, this is a perfect opportunity for me. I dont see it as money wasted, because its not in every car, where you can come out on top. If I received 10k for my car, same as I owed, I would not have money to give down towards the next car, and hence not winning in terms of lease vs finance. tC is a special car, which holds its value tremendiously, and its very nice to hear, that you can get more money for it then you owe to the bank.

 

How can you have a killer down payment. Most times you end up owing more to the bank then what your car is worth half way through the financing[/quote]

 

look at the tC. Its been out for over 2 years. Show me a tC that isnt worth more than 50% of its purchase value. I have yet to see a tC sell for less than $8500 dollars (half of its value). So assuming with interest that at the halfway point you owe say 11 grand on it. The early 05's are selling for 15,000. Thats 4 grand for a downpayment. Compared to a lease....

 

leases are for people who have fairly good to good credit, can write off their car expenses and want to drive a car that is really above their income without owning it at some point.

i fit in that category, however most leases have a yearly mileage limit set well below the normal driving mileage for most people who would actually lease (with an exorbitant over miles fee at the lease term) so in the long run you pay a similar price.

if you drive low miles, have pretty good credit, can write off your car expenses at the end of the year, don't care about owning your car and consider your car as a "rental", then a lease is certainly for you. you can literally drive a really nice lexus/mercedes/bmw at scion prices.

ego.

 

[/quote]

sped definitely wrong...depending what car you lease you don't have to keep for 36 months and you definitely don't have to turn it in. most of the time since you were concern about mileage you'll be under so instead of turning it in trade it in or sell it privately...more money. believe me i made money out of the vehicles i leased. and leasing is definitely for more expensive cars not for a 17k car. ex...i leased and accord ex v6 27k car and my payment were 260 w/ tax a month sold it for $18k after 2 years and made $1500 and i'm currently on a 06 4runner $30k(payments are $297/month) after 2 years sell it and i guarantee you i can sell it for $20k easy and pay my payoff is at $18K and make $2k. bottom line...leasing is more car for the money, but definitely not for cars under $20K

 

sped definitely wrong...depending what car you lease you don't have to keep for 36 months and you definitely don't have to turn it in. most of the time since you were concern about mileage you'll be under so instead of turning it in trade it in or sell it privately...more money. believe me i made money out of the vehicles i leased. and leasing is definitely for more expensive cars not for a 17k car. ex...i leased and accord ex v6 27k car and my payment were 260 w/ tax a month sold it for $18k after 2 years and made $1500 and i'm currently on a 06 4runner $30k(payments are $297/month) after 2 years sell it and i guarantee you i can sell it for $20k easy and pay my payoff is at $18K and make $2k. bottom line...leasing is more car for the money, but definitely not for cars under $20K[/quote]

What he said

 

Dont lease, read others posts, and pay to own, dont pay to borrow

 

Im leasing my lexus, i buy a two new cars every two years, and got tired of screwing around with trades, or tire kickers on a private party.....
also i got tired of paying for the deprecation for my cars. I really dont car about owning the the car much further then the factory warranty.
as for moddifying them, yes you can. you just have to make them stock when you turn them in.
I got my lease through wells fargo, not lexus, i have a 20,000 mile per year, that is right 20,000 miles a year to drive, and i average about 8k miles per year per car, and i have 3.
you can custom make a lease to your needs. i put nothing down but the first monthes payment and my payments are 500.00 a month, at the end of my lease i turn the car in, pay whatever the first monthes payment on the car i want and drive away.
where you get raped is walking into a dealer with less then teir one credit, and pay the aquistion fees, security deposit fees, drive off fees, and other fabricated fees. I got my lexus through a broker, so not hassle no haggling and in fact the whole transaction took about 15 minutes.

but this is me, some people may not think leasing if for them.
i would not lease a scion, its not worth it, or any car under 30k......but some cars are worth it
also i write off my milage, and my car payment and my insurance as a business expense.....
for me its all about convince and not wasting time...
Im not concerned about price, i just dont want the same car in 3 years....my income will change as it always does every year and i will want something better. next year i plan on getting an e55, but i will lease it....why? because in 3 years something else will come out that will peak my intrest.

 

do you rent? only idiots rent, renting is for people who cannot afford a house.......
that is the same argument, and the majority of people here probably rent thier living situation, or you still live at home with your mommy, or you are like me you own property or a home.

renting is the same thing........
people tend to rent nicer homes, or apartments outside of there budget so they can say they live somewhere they cannot really afford. that is why people have roomates, they cannot afford to live somewhere.

 

But how much do you pay for rent vs. a mortgage. There is usually a biiiiig difference in price. However, when you can lease for $330 and finance for $350, common sense says to finance.