Choosing the right car to lease?

Question

I am now considering which car to lease. Would anyone give me any idea?or comments?
I have got 2 cars in my mind, they are:
Mazda-Miata(MX5)
Volkswagen-GTI
Since both of them are sporty and fun to drive, it is hard to make a decision between them.

Thanks for everyone alerting me the trap of leasing.
My case is, I just bought an Acura RDX two months ago. And I found that I could not find a really sports car feeling on the car. That's why I am thinking about these 2 cars.
I used almost all my cash on the RDX when purchased. So I can't buy another car in these few years. The most positive way to crab one of these 2 is to lease.
Once I think of trade in my car, but I found that I am going to lose $10000 if I do trade in for one of these.
So, I would rather keep my RDX and lease another fun sports car in my usual lifetime. Save my RDX mileage and use it when my parents come to america and visit me, also in the snow time. Because I need to resell me RDX when I finish my degree here in United State after 4 years.
In addition, I will store my RDX in the garage. Since it got heavily scratched twice by the neighbour drivers in college of dupage parking lot. I am sick with that.

Answer 1

Two criteria make up your lease payment, depreciation and the cost of the money. So the very first rule in leasing is to look for a vehicle that depreciates the least. Here's what I mean:

Vehicle A:
MSRP: $40,000
Residual: $25,000
Total Depreciation : $15,000 (40-25)
Monthly depreciation for 36 months: $416 (15,000/36)

Vehicle B:
MSRP: $30,000
Residual: $10,000
Total Depreciation: $20,000 (30-10)
Monthly Depreciation: $555

The second half of the payment is the cost of the money. Without going into a VERY long explanation of why, the amount that you are "using" is the MSRP plus the residual. But that being said, it is possible to lease a more expensive car if you choose the right one.

Answer 2

I am going to give you the best advice I can. Do not throw your money away on a lease.

First, the dictionary definition of "lease" is, "a lie". What happens when you lease a car, is the car dealer goes to a bank, and asks for a loan on the car, and then you pay the loan, plus the dealers fat, and in the end they get the car back, you pay for any damages, and they make a huge profit because you will pay somewhere in the neighborhood of ten times what the actual value of the use you give the vehicle, while you have nothing to show for it afterward. Not only that, you will have to pay them for any extra mileage over the mileage they think you should drive it during the term of the lease.

You will pay a lot of money for nothing if you do this. Go get a loan and buy a car yourself. Don't give your money away for a lie.

Answer 3

personally, id go for a sentra spec-v, but thats me. im a dave ramsey disciple, so i wouldnt lease a car, but if you must have a new one, leasing is the LEAST BAD way...lol. the person talking about all the extra charges obviously hasnt leased before. the mileage on a lease is determined by the lessee...and damages? you would fix them if you owned the car anyway, right?

Answer 4

Leasig is also good because you do not tie up your money in an asset that depreciates. Buy what appreicates. Lease what depreciates.

Answer 5

for the above person, leasing is great if you have a business write off and are able to claim it as necessary for work =)

Answer 6

the GTI 1.8T is really nice, Ive drivin one plenty of times.