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Are you leasing or buying your new Fiesta ST?

  • Leasing

    Votes: 1 5.9%
  • Buying

    Votes: 16 94.1%
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Discussion Starter · #1 ·
Please vote in this poll. Feel free to put any comments below. For example the length of your lease or loan. This is of course optional. I just thought it would be interesting to see what trends, if any, show up.
 

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Discussion Starter · #3 ·
When it happens, buying. Leasing seems like such a waste.
Leasing use to be a benefit if you were writing the car off as a business expense. But, these days, even that tactic isn't what it use to be.

IMO, leasing is really for people that either A. Want a new car every 24 (or so) months, without hassles of buying and selling. Or, B. those that want to drive a vehicle that is a notch or two above what they could afford if they were purchasing.
 

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Buying with cash. Driving my Focus for 12 years, I continued to make the monthly payment into savings after the loan was paid off. I never missed the money, and now my fantasy of just walking into the dealer and writing a check is soon to be realized.

I tend to put only about 8K miles a year on the "daily" driver because I usually bicycle to work. Keeps the miles off the cars, and when I do drive, it's more of a pleasure thing (i.e. NOT driving to work!). So the new ST, whenever it gets here, will live in my garage for a long long long time.
 

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I traded in. They are writing me a check in addition to the ST.
I would have taken the 0% financing if not for the trade.
 

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Buying. I drive at least 13,000 miles each year to and from work. And that is if I only work 5 days a week. Just got my official $ numbers. $501 a month for 60 months. That's $6000 less than what they estimated me at $500 for 72 months. I calculated that works out to 7.3% APR which I'm very happy with concerning my not so great credit score.

If I was going to lease I would have gone with my employee special $0 down and $250 a month Buick Verano deal lol.
 
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