OMG people are stupid

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Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

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How much must they be paying for a 2 year lease?

NOT, FW member I take it?

If you are going to get a brand new car every 2 years, often it is smarter to lease than buy.

When I think about my friends who do that, I think about the car I drive and how I don't have a monthly payment, because it's PAID OFF and I'm actually putting something away in the bank.

GimmeUrWallet said: Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

I lease a new car every two years. I write the payments off as a business expense on my taxes.

wow just wow

I lease a new car every two years. I write the payments off as a business expense on my taxes.
Well, I suppose it's different if your business makes enough money to where this makes a big enough dent in your taxes.

STUPID.

DutchDutch said: If you are going to get a brand new car every 2 years, often it is smarter to lease than buy.

GimmeUrWallet said: Someone I know just told me "ohh i Lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

We lease a new car every two years and write it off as a business expense also. We leased one for 3 years once and everything started falling apart after 2 years so now we just go for 2.

Probably love the new car smell. Little do they know the "new car smell" is formaldehyde, and once absorbed into the body there is no way for it to be released. Once the body absorbs it's limit that stuff is deadly poison. Formaldehyde is also the biggest harvest when a forest is clear cut, not the actual timber.

mmmmmmmmmmmm..............formaldehyde

Larryslug said: Probably love the new car smell. Little do they know the "new car smell" is formaldehyde, and once absorbed into the body there is no way for it to be released. Once the body absorbs it's limit that stuff is deadly poison. Formaldehyde is also the biggest harvest when a forest is clear cut, not the actual timber.

Yes, this is why I opted not to get that new Porsche.

legalstealing said: GimmeUrWallet said: Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

I lease a new car every two years. I write the payments off as a business expense on my taxes.

If I could get away with that, like not getting auditted, I would do that. New F-150 every 2 years.<img src="i/expressions/face-icon-small-happy.gif" border=0>

Larryslug said: ... Once the body absorbs it's limit that stuff is deadly poison. Formaldehyde is also the biggest harvest when a forest is clear cut, not the actual timber.
so, is there such a thing as harmless poison?
and what about harvesting formaldehyde?

timbabeu said: legalstealing said: GimmeUrWallet said: Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

I lease a new car every two years. I write the payments off as a business expense on my taxes.

If I could get away with that, like not getting auditted, I would do that. New F-150 every 2 years.<img src="i/expressions/face-icon-small-happy.gif" border=0>


If you have a business, there's nothing to get away with. <img src="i/expressions/face-icon-small-smile.gif" border=0>

GimmeUrWallet said: Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wowIf that person can afford it, and the value of having a new car is that important to them ... I see absolutely nothing wrong with that. You only go around once in this world -- enjoy it now! I don't think that's "stupid" at all.

JK27 said: If that person can afford it, and the value of having a new car is that important to them ... I see absolutely nothing wrong with that. You only go around once in this world -- enjoy it now! I don't think that's "stupid" at all.

I tend to agree. I always get a little annoyed when I read the FW Finance Forum and everyone is like "if you do anything but buy an 8 year old car and drive it until the wheels fall off you are a sucker". I look at cars like any other hobby/interest - some people like to spend their money on trips or home improvents or plasma TV's, some people like to spend it on cars.

Obviously, if you are living outside your means to support your new-car habit, you are being foolish, but if can afford to pay for the rest of your expenses and put a little away, and you really enjoy cars, I see nothing wrong with spending the money.

And occasionally good deals can be found on leases (if you get a car with good resale value - the leasing company knows they can afford lower payments since they will sell the car at a decent price - or if it's a company-backed promo to move inventory).

<------- (drives a 4 year old car, hoping to buy a new one next year...)


I just couldn't afford to do that.

timbabeu said: legalstealing said: GimmeUrWallet said: Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

I lease a new car every two years. I write the payments off as a business expense on my taxes.

If I could get away with that, like not getting auditted, I would do that. New F-150 every 2 years.<img src="i/expressions/face-icon-small-happy.gif" border=0>


Why? It's not like they change.

MadAnthony said: JK27 said: If that person can afford it, and the value of having a new car is that important to them ... I see absolutely nothing wrong with that. You only go around once in this world -- enjoy it now! I don't think that's "stupid" at all.

I tend to agree. I always get a little annoyed when I read the FW Finance Forum and everyone is like "if you do anything but buy an 8 year old car and drive it until the wheels fall off you are a sucker". I look at cars like any other hobby/interest - some people like to spend their money on trips or home improvents or plasma TV's, some people like to spend it on cars.

Obviously, if you are living outside your means to support your new-car habit, you are being foolish, but if can afford to pay for the rest of your expenses and put a little away, and you really enjoy cars, I see nothing wrong with spending the money.

And occasionally good deals can be found on leases (if you get a car with good resale value - the leasing company knows they can afford lower payments since they will sell the car at a decent price - or if it's a company-backed promo to move inventory).

<------- (drives a 4 year old car, hoping to buy a new one next year...)


10/10 +1

Well said, MadAnthony. I understand that a new car loses value the minute you drive it off the lot. I factor it in, but it's not the only factor by a long shot.

I buy new. As a single woman whose knowledge of cars is minimal, a good warranty is important. And as a single woman who often drives alone, a reliable car is mandatory.


My co-worker spends as much every month on car repairs as I do on my lease. I feel so stupid having a reliable car. Why can't I be more like him?

demothrash said: My co-worker spends as much every month on car repairs as I do on my lease. I feel so stupid having a reliable car. Why can't I be more like him?

ditto

I still fail to understand - writing something off as expense is usually 25c save on every dollar you spent [assuming you are in a 25% tax bracket] - if you are in a higher bracket then WTF are you doing reading FW?

You can still write off some measly $3300 or so a year for a newer car you own but used for business [5 year depreciation or so method roughly]. At the end of the day, someone needs to do the math like a real FWer and come back with nickles and dimes to see if really you do save by writing the lease off more than writing it off as an owner.

I can see the point if the lease payments were tricked to be bloated [like $1k a month or so] with the intention of then buying the car at the end of the lease for a ridiculously low price then to turn it around and recover subsantial amounts. Now that would be a FW method....<img src="i/expressions/face-icon-small-tongue.gif" border=0>

demothrash said: My co-worker spends as much every month on car repairs as I do on my lease. I feel so stupid having a reliable car. Why can't I be more like him?

10/10

I've got Dealing and GimmeUrWallet pegged for males under the age of 29.

Dealing said: if you are in a higher bracket then WTF are you doing reading FW?

The tax payers in a higher tax bracket need FW just as much as the next guy!


GimmeUrWallet said: Someone I know just told me "ohh i lease a new car every 2 years. i just cant drive anything older than 2 years." wow just wow

don't be a hater. I am not sure why that is categorized as stupidity? wanna elaborate?

legalstealing said: I've got Dealing and GimmeUrWallet pegged for males under the age of 13.

About right. <img src="i/expressions/face-icon-small-happy.gif" border=0>


I am currently leasing a 2005 Dodge Durango with a Hemi woohoo leather dvd sirius all the extras, I did a one time payment of $3,997 it came with 2 years of free oil changes and a full tank of gas.

I can honestly say I am more than happy with my purchase. This is considering I constantly push that car to its limits, I punch it at every light and enjoy it very much <img src="i/expressions/face-icon-small-happy.gif" border=0>.

Now I would understand that if I were an owner I would have to take care of my car as a long term investment and see to it that I get the most from it. However, with a lease you can take that worry away and enjoy it for what its worth. I see no problem in leasing every two years permitting you get a good enough deal. Then again there is always economic uncertainty and who knows what tomorrow holds for us. But come on.....ITS GOT A HEMI!! <img src="i/expressions/face-icon-small-tongue.gif" border=0>

Shadizzy said:
I can honestly say I am more than happy with my purchase. This is considering I constantly push that car to its limits, I punch it at every light and enjoy it very much <img src="i/expressions/face-icon-small-happy.gif" border=0>.

Now I would understand that if I were an owner I would have to take care of my car as a long term investment and see to it that I get the most from it. However, with a lease you can take that worry away and enjoy it for what its worth.<img src="i/expressions/face-icon-small-tongue.gif" border=0>


Yes then we turn in our leased cars that we have abused and the people who buy the "good used cars" buy them! How stupid are we now?

<img src="i/expressions/face-icon-small-smile.gif" border=0>

I know, I mean its kind of sad. I had free oil changes yet I waited till around 8,000 miles to finally get it done. I know im a bastard and lazy, but man, 10 min out of my super busy life....I dont think i can allot that kind of time <img src="i/expressions/face-icon-small-tongue.gif" border=0>

Reminds of that sad SOB who died with a million or so in the bank but never spent a penny on himself or the family either - there was some post on that guy here in FW.

Folks who acquire wealth can never spend like born riches - that's why they are still here lurking at FW trying to save.... the other day there was some moron doctor looking for a office chair deal posting at FW - WTF....

That is the curse - you have so much money you do not know about [more than 25% tax bracket should certianly put you in the top 10% of the country] but your brain is still trapped in the olden days when you had none. Still using coupons @ safeway buying ramen noddle?

legalstealing said: Dealing said: if you are in a higher bracket then WTF are you doing reading FW?

The tax payers in a higher tax bracket need FW just as much as the next guy!

Last I checked US never imported any car made in China? WTF is your friend buying that keeps breaking after 2 years? Perhaps look for a "real" automobile.

legalstealing said: demothrash said: My co-worker spends as much every month on car repairs as I do on my lease. I feel so stupid having a reliable car. Why can't I be more like him?

10/10

Dealing said: Reminds of that sad SOB who died with a million or so in the bank but never spent a penny on himself or the family either - there was some post on that guy here in FW.

Folks who acquire wealth can never spend like born riches - that's why they are still here lurking at FW trying to save.... the other day there was some moron doctor looking for a office chair deal posting at FW - WTF....

That is the curse - you have so much money you do not know about [more than 25% tax bracket should certianly put you in the top 10% of the country] but your brain is still trapped in the olden days when you had none. Still using coupons @ safeway buying ramen noddle?



The money I save using grocery coupons pays for the big screen HDTV.



Larryslug said: Probably love the new car smell. Little do they know the "new car smell" is formaldehyde, and once absorbed into the body there is no way for it to be released. Once the body absorbs it's limit that stuff is deadly poison. Formaldehyde is also the biggest harvest when a forest is clear cut, not the actual timber.

does formaldehyde really smell that good?

diamente said: Larryslug said: Probably love the new car smell. Little do they know the "new car smell" is formaldehyde, and once absorbed into the body there is no way for it to be released. Once the body absorbs it's limit that stuff is deadly poison. Formaldehyde is also the biggest harvest when a forest is clear cut, not the actual timber.

does formaldehyde really smell that good?


I hear you get quite a buzz if you smoke it

Apparently, sherm sticks (cheap cigarettes or joints soaked in formaldahyde) was a popular drug of choice in the early 90's in LA. Not sure if the kids today are still into it...



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