https://padlet.com/joshuaconsoli/of06z95dk5c7 Josh Consoli and Dylan Janes en-us 2020-03-28 19:20:14 UTC 2025-04-20 15:24:19 UTC hello@padlet.com https://padlet.net/icons/png/1f697.png joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479917432 Welcome to our wall to you, the reader. The content in this padlet will contain various videos, websites, images, and a reflection post. All regarding the subject matter at hand, Buying vs Leasing a vehicle. There will be various tools to help you make your decision included within the padlet. Thanks]]> 2020-03-28 19:59:58 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479917432 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919297 As a summary for the following website, one of the main differences between leasing and financing comes ownership. With a lease you have to eventually return the car to the dealer, all your paying for is to basically rent the car and pay for the value of the cars worth that it loses over time. You arent as free to use the car with it being a lease, due to the amount of mileage that you drive on it. You can not go over a specified amount of km's per year of ownership, or else you will get a large fee once you give it back to the dealer. You do have the option to pay to continue to own the car after the leasing period is done, but this will be a larger sum. Leasing is usually preferred by people who want new cars every few years, and to stay within warranty. Buying is for people who want to keep their cars for longer periods of time, have a sense of ownership, and have the freedom to drive as much as they want with it, and maybe modify it as they'd like. 
We chose this website because it had a ton of very handy information, more than someone could ask for. We found the whole thing particularly useful but primarily how it is an unbiased approach to the situation at hand, and shows the pros and cons for both.]]> 2020-03-28 20:03:14 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919297 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919339 Here we can see a real life example of someone who prefers to lease his car. So he can relate to someone better and offer hands on experience with leasing. He talks about what his lease contract offers, and has a large amount of information provided for buying vs leasing. He used to sell cars as well he mentions, so he has good experience and information for both sides of the argument. He talks about depreciation and provides multiple real world examples, such as how his personal car has a very low resale value, because of it being in the rental car market, so its over saturated and theres tons of them on the market for purchase.]]> 2020-03-28 20:03:19 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919339 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919359 this is an argumentative video over buying vs leasing a vehicle. In this video, Dave thinks that leasing is not a good idea because of the deprecation value is not worth how much time you had with the car and how much you paid for the car. The cost of capital will be a lot when leasing a car. He thinks that it is a rip off because the dealer makes so much off the driver after a period of time that it isn't worth it anymore. With interest, the capital and how much you're paying to buy out the vehicle at the end of the term is A LOT more than when buying a car straight up. It may not be as much at the start but everything racks up over time including the value of the car itself. He believes money could be spent in other areas better which i agree with. ]]> 2020-03-28 20:03:22 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919359 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919386 In this video, we are taught about the dealings with leasing and buying. Sim is pro leasing. In this video he talks about how it is better to lease for some people (such as himself) because he couldn't afford putting a down payment or paying the entire car off over the period with the position he was in. Which is a fair assessment for someone of our age, as a car is a very risky and expensive investment. When it comes to leasing you can save a lot on money if you're self incorporated. So this is good for small businesses alike. Another thing that i found interesting was when he talks about his amount of kilometers her can drive per month.
I know that a lot (if not all) leases, give you a kilometer limit that you can not exceed without paying an extra fee, but this could be a major deal breaker for a lot of people as, some people travel far for work and they could easily calculate it to, see if its possible to not exceed the limit. As someone that drives very far for work, this would be a huge hindrance to me as i don't want to add on any more additional fees that i already have when leasing a car. The risk of trying to not succeed your limit is not worth the reward int he long run as you'd end up paying a lot more for the car if you kept exceeding your limit over the term period. ]]> 2020-03-28 20:03:26 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919386 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919427 In this video, the couple have just bought a certified pre-owned car from a dealership and they  wanted to give some insight on their experience about how its different here in Canada. one of the factors they brought up, was that in Canada their are so many mechanics and they're all expensive. So they believe it is best to stick with a certified dealer, it may be a little more expensive but at least you know the quality of work your getting done is next to none. i also had some input on this matter because i worked at Toyota in the shop working on other peoples cars, and over the years i noticed that 3rd party parts just weren't the same quality as factory issues parts. They would often break or become a problem in the vehicle after just a few years or even months, ready to get replaced.
I will always go to a certified dealer to get car, because you know that you're getting the quality of the manufacturer, not the company. If you ever decide to buy a vehicle, i would shop around at certified dealers, if the price is to good to be true, theirs a reason.]]> 2020-03-28 20:03:31 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919427 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919469 This picture here shows a very simplified view on buying vs leasing. The picture doesn't have as much information about certain key terms, that you would gain from reading the information off of a website. But if you are already familiar with the meaning of the key terms. This simplified view can help you out and tells you some of the more general points about buying vs leasing.]]> 2020-03-28 20:03:36 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919469 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919533 Here's a flow chart i found online, to help with fast and approachable information about buying and leasing. It breaks down each situation into simple questions and feeds out the outcome that would be best suited for the reading in their situation. It asks you certain things like, are you using it for practicality or for luxury? do you do your own minor repairs on your cars or bring it into the dealer to get fixed? Do you want the latest technology or can you live without all the bells and whistles? These are all small but huge things that can impact your opinion on whether you buy or lease a vehicle. ]]> 2020-03-28 20:03:40 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919533 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919628 When reviewing film on Youtube for my video section. i noticed the about of people that are so one sided, but its not one sided as in all of them are one sided. a lot of people prefer to buy a vehicle because they can call it their own, but when i was researching on Youtube i noticed a large amount of videos that were heavily in favor of leasing a vehicle. I guess i am so bias to buying my own vehicle, i was blind to a lot of the good sides of leasing a vehicle. The sheer amount of people that are for leasing was extremely surprising and i learned a lot from those videos alone. ]]> 2020-03-28 20:03:52 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919628 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919802 We both have a strong interest on cars and drive almost every single day, and figured this would suit us well. Dylan used to have a modified dodge charger that he absolutely loved but had to trade it in because of insurance policies changing, and making his cost to own it unreasonable. Josh currently drives a modified scion frs, he is financing it and since its an open loan he can put additional money into it when he wants. Josh wanted to buy it because he wanted the sense of ownership, wanted to have it for a long time, and wanted to modify it. Josh's parents both also really love cars and have had quite a few over time. Josh's Dad had recently gotten out of a leased truck because of how expensive the cost was per month, and because he didn't feel like it was his, he felt as if he was driving someone else's car.]]> 2020-03-28 20:04:13 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919802 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919998 Do your homework. Do not just go out one day and buy a vehicle because it will bite you in the long run. If you make decisions to fast you're going to regret it. What if you go out and sign a contract that you cant afford to pay in 6 months? that knowledge to know when you're ready to go out a purchase a vehicle is mandatory. Choose what path is better for you down the road, not right now. If you lose your job how are you going to pay for a lease that you a required to cough up 500 dollars a month on. I would love to pass along the knowledge of being prepared.]]> 2020-03-28 20:04:34 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479919998 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479920241 Here we can see a simplified view comparing different aspects of Buying vs Leasing side by side. Such as "Future Value" the center column for buying a vehicle, mentions that the vehicle depreciates but the cash value is still yours. On the right Column it mentions about leasing a vehicle doesn't actually give you any equity. Yes you miss out on losing the money from depreciation. But at the end of your term you end up without a vehicle and without your money. We chose this website because consumer reports is widely accepted around the board for various forms of technology, and have been apart of the vehicle market for years and years. They've released many articles and magazines for people that will help them make purchasing decisions with vehicles, and mention reliability and many other statistics. There wasn't one specific point of information that was found to be useful but the whole website because of the two tables that it consists of.]]> 2020-03-28 20:05:01 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479920241 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479920279 This is a tool that can help you make your decision with buying vs leasing. It shows the net cost to buy comparing the net cost to lease, and you enter in your own information about the vehicle. It has a section for "Purchase price", "down payment", tax percentage, and the investment rate of return. It also shows the monthly rate cost. Further down the page you see the website explains in a clear manner for the average reader to understand different terms used. This allows you to fill in the required sections with the proper information.]]> 2020-03-28 20:05:05 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479920279 joshuaconsoli https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479920324 This website i found to be a great tool for buying/leasing. It comes down to many factors when buying or leasing and some of them are not as obvious as they seem. for example, when people are looking for a new car, they are excited and ready to buy, but the problem is you have to usually get rid of your current vehicle first. Some people like to just settle with the dealership, the dealer takes your car and gives you a down payment on a car or a little extra money off the top, but that's not always the case. In a lot of cases people like to sell privately and this can be a major factor when considering a new vehicle. As you want to get the most bang for your buck, this website shows how to do that while also having room to be teach you on the pros and cons of leasing. I found this interesting because as we are talking about leasing/buying, your used car does get factored into the equation a some point and some websites don't reveal that. It teaches you to have an inspection on your car, to help adjusters find the correct value for your car. Things like condition, mileage. The way it sounds and feels. All of this could be extremely beneficial to you when trying to get rid of our used car for a sparkly new one from the dealership. I found this website to be informative and straight to the point. ]]> 2020-03-28 20:05:10 UTC https://padlet.com/joshuaconsoli/of06z95dk5c7/wish/479920324