Thinking about it

[dwl]

If i put 2500 down on one of these bad boys for a lease of 3 years, how much do you guys think my monthly payment will be? I'm probably getting the 09 GTS but I seriously want to consider the 09 ralliart. Thanks for the help in advance guys.

[Masaman]

Originally Posted by dwl

If i put 2500 down on one of these bad boys for a lease of 3 years, how much do you guys think my monthly payment will be? I'm probably getting the 09 GTS but I seriously want to consider the 09 ralliart. Thanks for the help in advance guys.

Well, pricing hasn't been released yet so it is hard to tell. I'm not that great with the whole leasing thing but I think mitsu tells you what you put down and it has a standard monthly payment. Considering that most leases make you pay around 2500, you will not be lowering the standard monthly payment significantly.

Now depending on your interest rate and a rumored price of 27k, you are looking at roughtly 495 a month for a 5 year loan (with 2.5k down). Since leases aren't too much less, I would say you will be paying around 400-430 ish for a lease.

I think some guys in Canada have been able to order them so they should start showing up in August or September but yet again, we know nothing of the release date. Seems like RA news comes out in batches, we hear alot all at once then nothing for months. Nothing to do but wait and guess.

[dwl]

Originally Posted by Masaman

Well, pricing hasn't been released yet so it is hard to tell. I'm not that great with the whole leasing thing but I think mitsu tells you what you put down and it has a standard monthly payment. Considering that most leases make you pay around 2500, you will not be lowering the standard monthly payment significantly.

Now depending on your interest rate and a rumored price of 27k, you are looking at roughtly 495 a month for a 5 year loan (with 2.5k down). Since leases aren't too much less, I would say you will be paying around 400-430 ish for a lease.

I think some guys in Canada have been able to order them so they should start showing up in August or September but yet again, we know nothing of the release date. Seems like RA news comes out in batches, we hear alot all at once then nothing for months. Nothing to do but wait and guess.

Alright, thank you very much for the help!

[aestival]

Originally Posted by Masaman

Well, pricing hasn't been released yet so it is hard to tell. I'm not that great with the whole leasing thing but I think mitsu tells you what you put down and it has a standard monthly payment. Considering that most leases make you pay around 2500, you will not be lowering the standard monthly payment significantly.

Now depending on your interest rate and a rumored price of 27k, you are looking at roughtly 495 a month for a 5 year loan (with 2.5k down). Since leases aren't too much less, I would say you will be paying around 400-430 ish for a lease.

I think some guys in Canada have been able to order them so they should start showing up in August or September but yet again, we know nothing of the release date. Seems like RA news comes out in batches, we hear alot all at once then nothing for months. Nothing to do but wait and guess.

More importantly, do not lease a car that you might want to do mods on. Personally, I think that only a fool leases a car -- if you can't afford new, then just buy slightly used (or go to a cheaper model if you have to). However, I know that only a fool leases a premium car like the 2009 Lancer Ralliart. Save your pennies for the day when you have more money and can buy the right car, don't sell your soul now for car you'll never really be able to have fun with (and it is selling your soul, because most people who lease end up stuck leasing for most of their working lives).

I'm one of the "guys in Canada" who has ordered a Ralliart -- I expect mine in late September or early October, but then I'm an optimist

[Deetz00]

Hopefully you'll get your RA earlier than that, I was quoted that they'll be arriving in Sask. last week of Aug., but then again that's for one of the 1st three to the dealership, so maybe they're being safe by quoting the 2nd batch?

[dwl]

Originally Posted by aestival

More importantly, do not lease a car that you might want to do mods on. Personally, I think that only a fool leases a car -- if you can't afford new, then just buy slightly used (or go to a cheaper model if you have to). However, I know that only a fool leases a premium car like the 2009 Lancer Ralliart. Save your pennies for the day when you have more money and can buy the right car, don't sell your soul now for car you'll never really be able to have fun with (and it is selling your soul, because most people who lease end up stuck leasing for most of their working lives).

I'm one of the "guys in Canada" who has ordered a Ralliart -- I expect mine in late September or early October, but then I'm an optimist

Only a fool leases? dude, im 17 years old. This is gonna be my first car here. Well, the first one I am paying for myself. I dont want to mod it or anything. I personally just want a sick looking first car and with the job I have I can afford around the Lancer GTS pricing. Now on to the leasing part. People lease vehicles so that they aren't stuck with the same one for the rest of their lives and/or stuck trying to sell it years later when they see a new car that they like. Makes perfect sense to lease a car to me. Idk why you seem to think that leasing a vehicle is so bad but really, it's just a personal preference.

[sabastian458]

buy the car dont lease. you will get charged more in the end for the mileage and any and all damages or repairs needed to be done on the car at the time of the end of the lease. NOT WORTH IT. even if you are 17

[TruboPower]

You can mod a leased car..

[dwl]

Originally Posted by sabastian458

buy the car dont lease. you will get charged more in the end for the mileage and any and all damages or repairs needed to be done on the car at the time of the end of the lease. NOT WORTH IT. even if you are 17

Well honestly, I'm 17 years old and since the day I turned 16 I've driven a 08 GMC Sierra Vortec Max. I've never been in a single accident or had to repair anything on my truck. I take really good care of things and don't plan on paying for any damage or things like that. Also, the thing on the mileage, what you do is when you lease you pick a mileage plan so you are sure not to go over if your smart. Also I don't drive across the country or anything and don't plan on it.

[sly]

Leasing doesnt make any sense you pay so much for a car in by the time the lease is done you`ve already paid off like 80% of the amount of the car. I leased for 2 yrs and thought about it, now i actually am paying off my car and will be done in 1 yr so considering i won`t have to make any payments i can use that money for a new engine or something.

[amprowler]

Originally Posted by dwl

Well honestly, I'm 17 years old and since the day I turned 16 I've driven a 08 GMC Sierra Vortec Max. I've never been in a single accident or had to repair anything on my truck. I take really good care of things and don't plan on paying for any damage or things like that. Also, the thing on the mileage, what you do is when you lease you pick a mileage plan so you are sure not to go over if your smart. Also I don't drive across the country or anything and don't plan on it.

All I can say is s*** happens. Be prepared for anything.

[spooled_u]

Originally Posted by sly

Leasing doesnt make any sense you pay so much for a car in by the time the lease is done you`ve already paid off like 80% of the amount of the car. I leased for 2 yrs and thought about it, now i actually am paying off my car and will be done in 1 yr so considering i won`t have to make any payments i can use that money for a new engine or something.

What are you talking about? Do you have any idea how leasing works? I'm surprised you got into a lease without knowing what you were getting into.. With leases, you only pay for depreciation on the car and the cost of money (financing). That is it. If you lease a car for 24 months, you're done! Dont' go over the mileage, and if you have modded it, take the mods off and turn the car in and then you get a new car! Leasing is great if the car has a decent residual and you can get a good money factor. Most people are just clueless as to how leasing works, but you can get more car for less money than buying outright, and if you're like me you like a new car every couple years so it's not worth it to financing a 35K car and sell it after 2 years.

Case in point, a car that stickers for 40K, if you can negotiate it down to 35k then you're money. You can roll all your fees into the lease, pay ZERO money down. Take the 56% residual on the GSR right now, you're looking at a payment of around $550/mo for a car that stickers for 35k. You know how much your payment would be if you financed it for 5 years @ 4.5% (penfed) ? Anywhere from $680-$700/month depending on taxes.

At the end of the lease, you're done with it! Go lease the new Evo 11 or the latest and greatest 10 if it's still around.

There are pros and cons to both buying and leasing cars. Sometimes leasing makes more sense to people who like to keep cars for a short amount of time, don't mod them too much, and like to stay in warranty and pay little maintenance (don't start on mitsu warranty). For other people, buying cars is the way to go if they like to hold onto cars until they run them into the ground, mod the hell out of them, or take pride in ownership. Cars aren't an investment, they depreciate the second you step off the lot. In either case, you are losing money, it's all about how you want to lose it and what happens in the end.

Making blanket statements like "only fools lease cars" seems pretty foolish to me.

[spooled_u]

Originally Posted by dwl

Only a fool leases? dude, im 17 years old. This is gonna be my first car here. Well, the first one I am paying for myself. I dont want to mod it or anything. I personally just want a sick looking first car and with the job I have I can afford around the Lancer GTS pricing. Now on to the leasing part. People lease vehicles so that they aren't stuck with the same one for the rest of their lives and/or stuck trying to sell it years later when they see a new car that they like. Makes perfect sense to lease a car to me. Idk why you seem to think that leasing a vehicle is so bad but really, it's just a personal preference.

Go ahead with your leasing plans, man. Don't let people try to tell you how you like to drive/own cars. It's all a personal preference. I've never owned a car for more than 2 years, leasing makes sense to me. If you take care of a car, are knowledgeable about how leasing works, don't go over mileage, then you won't get taken for a ride and you can get much more car for your monthly payment.

I used to be pretty closed minded about leases and I wouldn't even consider leasing. I thought it was stupid to just "rent" a car, but then I took a look in the mirror and decided what was important to me and then I did a lot of research about auto leasing. Turns out leasing is for me. Maybe not for everyone, but for me. Sounds like you've done the same thing. It doesn't matter if you're 17 or 117.

[dwl]

Originally Posted by amprowler

All I can say is s*** happens. Be prepared for anything.

Very true. Insurance for some but i mean anything insurance won't cover usually doesn't happen if ur taking good care of ur car.

[dwl]

Originally Posted by spooled_u

What are you talking about? Do you have any idea how leasing works? I'm surprised you got into a lease without knowing what you were getting into.. With leases, you only pay for depreciation on the car and the cost of money (financing). That is it. If you lease a car for 24 months, you're done! Dont' go over the mileage, and if you have modded it, take the mods off and turn the car in and then you get a new car! Leasing is great if the car has a decent residual and you can get a good money factor. Most people are just clueless as to how leasing works, but you can get more car for less money than buying outright, and if you're like me you like a new car every couple years so it's not worth it to financing a 35K car and sell it after 2 years.

Case in point, a car that stickers for 40K, if you can negotiate it down to 35k then you're money. You can roll all your fees into the lease, pay ZERO money down. Take the 56% residual on the GSR right now, you're looking at a payment of around $550/mo for a car that stickers for 35k. You know how much your payment would be if you financed it for 5 years @ 4.5% (penfed) ? Anywhere from $680-$700/month depending on taxes.

At the end of the lease, you're done with it! Go lease the new Evo 11 or the latest and greatest 10 if it's still around.

There are pros and cons to both buying and leasing cars. Sometimes leasing makes more sense to people who like to keep cars for a short amount of time, don't mod them too much, and like to stay in warranty and pay little maintenance (don't start on mitsu warranty). For other people, buying cars is the way to go if they like to hold onto cars until they run them into the ground, mod the hell out of them, or take pride in ownership. Cars aren't an investment, they depreciate the second you step off the lot. In either case, you are losing money, it's all about how you want to lose it and what happens in the end.

Making blanket statements like "only fools lease cars" seems pretty foolish to me.

I highly agree on everything you said. I love the fact that hey 2-3 years im gonna get a brand new car when everyone else has the old one. It just personal preference and some people think like us and some people don't. Neither is better or worse.