Alas, poor Yaris, I knew him well

[Kal-El]

YarisOwnersDad, wouldn't it be smarter to lease your cars at 24 month intervals if you feel the need to always be in a new car? Or is 2 years to much? Purchasing a brand new car every year (it seems) is throwing thousands of dollars away and constantly keeping you upside down.

Leasing is designed for this purpose and will lower your monthly payment to boot.

Your thoughts on this?

[YarisOwnersDad]

Originally Posted by Kal-El

YarisOwnersDad, wouldn't it be smarter to lease your cars at 24 month intervals if you feel the need to always be in a new car? Or is 2 years to much? Purchasing a brand new car every year (it seems) is throwing thousands of dollars away and constantly keeping you upside down.

Leasing is designed for this purpose and will lower your monthly payment to boot.

Your thoughts on this?

I drive about 18,000 miles per year. That doesn't work out on a lease, right? They penalize you big time for the high mileage.

Isn't the idea of a lease that you pay enough per month to cover the depreciation of the vehicle for the time that you have it? Would I be any better off one way vs the other?

Tom

[Kal-El]

Originally Posted by YarisOwnersDad

I drive about 18,000 miles per year. That doesn't work out on a lease, right? They penalize you big time for the high mileage.

Isn't the idea of a lease that you pay enough per month to cover the depreciation of the vehicle for the time that you have it? Would I be any better off one way vs the other?

Tom

You're probably right. It appears Toyota only offers 12 or 15,000 miles/yr leases. I believe some companies offer higher mileage deals.

As long as you except the cost of your car buying addiction, then it's obviously your decision and we shouldn't judge.

Just curious as to your reasons:

Is it because you get bored with cars very quickly?

Is it that you feel you bought the wrong car after a year?

Is it that you simply have to have that brand new fresh car all the time?


You gave your reasoning as to why you got a Corolla S, which I myself love.
It makes perfect sense to want something a bit bigger with more comfort and features. Yet still efficient and economic. You won't get an argument from me.

Thing is, next year what will be the reason for trading in your Corolla S? The next generation Yaris?

[YarisOwnersDad]

Originally Posted by Kal-El

You're probably right. It appears Toyota only offers 12 or 15,000 miles/yr leases. I believe some companies offer higher mileage deals.

As long as you except the cost of your car buying addiction, then it's obviously your decision and we shouldn't judge.

Just curious as to your reasons:

Is it because you get bored with cars very quickly?

Is it that you feel you bought the wrong car after a year?

Is it that you simply have to have that brand new fresh car all the time?


You gave your reasoning as to why you got a Corolla S, which I myself love.
It makes perfect sense to want something a bit bigger with more comfort and features. Yet still efficient and economic. You won't get an argument from me.

Thing is, next year what will be the reason for trading in your Corolla S? The next generation Yaris?

Thanks, Kal.

As for the answer to your question, probably the last choice would come closest. I just plain love new cars and trucks.

Partly it is a search for "just the right" vehicle. The last time I traded three times in less than two years the last vehicle in that series was a 2001 Jeep Wrangler, which I still have almost ten years later.

I will HAVE to keep the Corolla for a long time for financial reasons; I have gone as upside down as I can get. I really do think it is a car that I can be satisfied with for the long haul. Hey, given my history, I wouldn't blame anyone for being skeptical about that, but that is the way I feel right now.

Tom