Leasing better than buying?? - Mazda3 Forums : The #1 Mazda 3 Forum
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post #1 of 26 (permalink) Old 12-07-2003, 01:57 AM Thread Starter
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Leasing better than buying??

Okay.

I'm poor. Real poor. That's cuz I'm a student.
student = poor... by definition ...

SOOooooo... I was looking at my choices and here are the following:
a) buy a used car
b) Lease a Mazda 3
c) Buy a Mazda 3, but way way later (like 2 years down the road, when I graduate and get a job).

Just speculating on my options.

I know you're staring at that Red X avatar of mine
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hehehe

Sooo... when can *I* get a Mazda 3?
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post #2 of 26 (permalink) Old 12-07-2003, 01:59 AM
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Leasing better than buying??

I'm in the same boat Dugrant. So, here's what I plan on doing as of now. I'm thinking of finding a used 04 when the 05s come out. That way, it'll be a lot cheapr and it will still be pretty new. I just have to find one in the color and trim I like, which might be a little hard.


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post #3 of 26 (permalink) Old 12-07-2003, 02:56 AM Thread Starter
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Leasing better than buying??

Well, the GX trim comes out at about $16,196, which was the one I was looking at.

Don't think I'd be able to find a used Mazda 3 for less than that. Chances are, they'll be used GT and GS trims in 05 that'll be about 16k or more... atleast that's what I think.

I know you're staring at that Red X avatar of mine
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hehehe

Sooo... when can *I* get a Mazda 3?
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post #4 of 26 (permalink) Old 12-08-2003, 12:15 AM
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Leasing better than buying??

Leasing will punch you in the nuts when you decide to buy it at the end....they'll get you with the balloon payment when you decide to buy it.
In terms of getting it used, i'm thinking you're not too high on getting a car with that much mileage...so another option is asking your local dealer about loaner programs where they sell cars they lend out when your regular car is being fixed by the dealer....the price drops dramatically of at least $2k and they'll have at most 5k miles on them.
And if you're asking if that's a good idea, my sister got her Freelander through a loaner program and it only got 1k miles on it...just like new...and it still feels new now.

"You dribble, you shoot and hope for the best..."
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post #5 of 26 (permalink) Old 12-08-2003, 01:58 AM
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Leasing better than buying??

If you are affordable to lease a Madza 3, why not??

If not and you need a car, I would suggest you get a used car now. After you graduated, trade in your used car for a new car. At that time, you've found a great job (hopefully), have the used car value to help you out on the downpayment, and a fresh grad program too. If you are looking for a Mazda 3 for couple years later, then you may get a Mazda now, then you may be eligible for the loyalty program too(can someone confirm if 2nd hand Mazda car eligible for that program too?).

Used car + Fresh grad program + Loyalty program = $$$

Good luck~
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post #6 of 26 (permalink) Old 12-08-2003, 04:06 AM
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Leasing better than buying??

Why is everyone under the assumption that when you lease a car, you're going to buy it at the end? Might as well just do like a 72 month loan if you're gonna do that.

I say lease and keep it for 3 yrs, then see where that puts you. Either just give it back to the dealership and get another car, or buy that out, or whatever.
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post #7 of 26 (permalink) Old 12-08-2003, 10:24 AM
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Leasing better than buying??

IMO leasing is a waste for money for most ppl - keeping a car 6-7 yrs is best.

Leasing Mazdas is also VERY dumb b.c of the high interest rate and their loss of value that is greater than H/T/Subaru/Nissan...

If you lease, lease something else.

If you buy, buy a Mazda.
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post #8 of 26 (permalink) Old 12-08-2003, 05:33 PM
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Leasing better than buying??

I'm absolutely planning on buying this car. One of the things I was looking for when considering a car was how long it will last, because like Dinu said, I'd like to keep it 6-7 years.


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post #9 of 26 (permalink) Old 12-08-2003, 07:03 PM
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Leasing better than buying??

Yes, why you have to buy the car after leasing it?

If you are affortable, sure it's best to buy the car.

Else, leasing gives you a great option of spending less money to use the car for couple years. If you do the calculation correctly on depreciation and the leasing payment, the monthly payment for leasing and buying the car really are not that much different for 3 to 5 years period.

If you take cares of the car well, with low mileage, and get a buyer who is willing to purchase your car, sure you maybe very lucky to sell the car at high price ten years later. That's another story with someone with a good pay job, want to own the car for 7 to 10 years, financially affortable, etc.
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post #10 of 26 (permalink) Old 12-08-2003, 10:18 PM
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Leasing better than buying??

Quote:
Originally Posted by "dinu01"
Leasing Mazdas is also VERY dumb b.c of the high interest rate and their loss of value that is greater than H/T/Subaru/Nissan...
well put, dinu01....leasing will eventually become a costly venture. Besides, i hate the mileage restrictions they put on you. 1k per month (the usual going rate, if not the only one) is really not alot...it's not a situation where a a driving enthusiast would wanna be in because rather than experiencing the joy of driving, he/she will be mostly concerned with keeping the mileage down. But that's just my opinion, you don't have to believe it if you don't want to....

"You dribble, you shoot and hope for the best..."
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