SRS New Car? or Rent A Car?

Discussion in 'On Topic' started by jmorales1993, Nov 3, 2006.

  1. jmorales1993

    jmorales1993 OT Supporter

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    Well i wanna buy a new car but one of my friends said that Renting a car is better because you are going to have a different car every three years but the downside is that you will never own a car and Renting is like paying for real expensive car "you will never stop paying". He said Buying a car is good because once you finish paying it off its yours. But then after 4 years it will just start having its problems here and there.

    So what do you guys think?

    Does anyone know some good rent a car plan or something?
     
  2. Romulus Cogswell

    Romulus Cogswell New Member

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    It's leasing, not renting. You cannot assume that all cars will have problems after "X" amount of years. I've had cars that were problematic from the start and others that didn't need anything more than normal maintenance for 7 years. Leasing plans vary by dealer and some don't offer leasing. I personally would prefer to outright own a vehicle in 3-5 years and not worry about excess mileage or damage fines that a lease locks you into.
     
  3. teo

    teo . => ? => !

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    Eh?
    If you mean having a car versus not having one and renting for the times you need it, that's what we do. We use transit for most in-town things and rent for the times we need to travel farther. It saves a good chunk of change in the long run! :)
     
  4. lick wid nit wit

    lick wid nit wit Official OT Oracle

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    If you are in a job (like real estate agent for example) where you can write off all your car expenses, leasing is not a bad idea. or if you want a car that is more than you can afford to buy. But leases are abad ide in the fact that you are locked into the term and if you try to break the lease there are financial penalties. And leases also have mileage limitations. Also,a t the end of a lease, the car is inspected for excess wear and tear, which you are also dinged for.

    Buying a car outright (financing it) is usually a better way to go if you want to mod a car or if you don't want to stick to mileage limitations.
     
  5. focalBlur

    focalBlur your does not equal you're

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    Zipcar FTW
     
  6. kakariko

    kakariko Purple Member OT Supporter

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    financing the car is the way to go.. pay it off in 3-5 years, sell it, and roll that money into a new car
     
  7. mrchina

    mrchina Guest

    Depends what your goals are. If you want a new car every 3 years, leasing is for you. If you're going to want to have no pyments and drive the car into the ground, buying it is for you.

    Gm just came out with their 5 year 100,000 program, Hyundai,and a few other car makers have decent warranty programs as well.
     

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