The most common question I get asked after “What’s your favorite car?” undoubtedly is “should I buy or lease my car?” The answer? To quote my most entertaining school professor Ramon Febus “It depends.” In this article, I’ll attempt to go over the factors that influence buying versus leasing. While I don’t claim to be an expert on finance, I have looked at long term cost of leasing versus financing in many cases, and can give you some advice on how to make the right decision.
When the Jaguar F-Type V8 S first came out, I wasn’t quite sure it was up to the monumental task of it’s name: following in the steps of the legendary Jaguar E-Type, which Enzo Ferrari once called “The most beautiful car ever made.” It also had quite a sporting pedigree, and the sonorous and powerful inline six and V12 engines were nothing short of amazing for their time. Could any modern car possibly be worthy of succeeding that storied automobile?
More and more manufacturers are making cars that, on paper at least, are getting quite good. I have one this week. I’m not going to name it because quite frankly, I don’t like to speak ill about many cars. Here’s the problem. You can’t see FUN on a spec sheet. The car I have now looks good, the interior is built well and has great features, but then you drive it. The steering is vague and uncommunicative, the accelerator causes the car to lurch forward if you look at it wrong, and the car is just not fun to drive. It has some serious suspension geometry problems as well. The bumpsteer is terrible. For those not familiar, imagine you’re driving down the highway and you hit a bump. The improper suspension geometry basically causes the wheel to jerk one way and back the other as you go over the bump. With modern technology and engineering there is quite frankly no excuse for this. It’s an egregious error, and along with the lack of any communication and a completely unnatural accelerator pedal, it makes the car not fun at all. Let his be a lesson to you car buyers: Don’t listen to me, a magazine, or a spec sheet for the last word. Go drive the car and make sure it’s fun for you. Enjoy!
Wallet Werks has custom wallets and keychains, quite a cool gift for the car nut in your family. I have one of their M3 fabric ones (yeah, I know, I’m a car geek, leave me alone). Check it out!