Should I lease a Viper?

[Stiffler]

I would say that depends on how long you plan on keeping the Viper. If it's only going to be a 2 year car for you, a lease may be the best option. But if you plan on keeping it, and modding it with exhaust and whatnot, you will be better off buying it outright. Just my .02

 

[Ulysses]

If, in the long run, leasing benefits you the best then by all means.

 

[slaughterj]

I'd only lease if it could be considered a business expense. Otherwise, especially for the viper versus normal cars, you're more likely to make modifications to it, which would be an issue with a leased car.

 

[CitySnake]

Heather,

I lease and did some extensive research before I did. I would up with a reasonable (did I just write that about a Viper

) deal.

If you need assistance I be happy to help. Drop me a line [email protected]

Scott

 

[Bonkers]

As an ex car salesman I'll tell you right now that many banks are losing money on leases. If you do it right you can save up to $2000 on the purchase of the car. You need to ask yourself honestly what it is you want to do with the car. If you are looking for a typical sports car to drive on weekends or even a daily dri... (Sorry kinda got choked up there) driver and have no intentions of keeping it then a lease might just work out. If you are looking to keep for a while and planning on abusing the rear wheels go with a loan. If you're like me and want to grow old, die, and be buried in the car than you might save money with a lease and payoff, though you'll have 7+ years of car payments.

 

[Toby]

here is what I do...

I Take the equity in a property....take out a open line of credit... Make interest payments only on a vehicle that has already seen its deprecation or actually is increasing in value.(wont work on most new cars). For me who is only going to drive a car for a year or even months... I can drive a 50K car for 225.00 a month. When I sell...ask enough to cover the taxes on the purchase and whatever else you want to recover including your interest payments. This only really works on cars that have variable values(like Vipers) so you can vary the price without pricing yourself out the market. The trick is finding a deal with a cars selling price lower than the average. They are out there...I am looking at a GTS right now that is very clean and priced about 5k lower than others with the same miles and condition. The GTS needs nothing and I plan to drive it for the spring and summer then sell it. This also only works when interest rates are low.

I would never buy a new car unless you plan to keep it for many years.