I never really put much thought into leasing a car until recently. Why put money into something you are not going to eventually own, right? Maybe it’s my years showing but leasing a car is making more and more sense to me.

Cars are a necessity for most people but not something you buy as an invest opportunity. Most everyone knows by now that as soon as you drive that new car off the lot it is greatly depreciated. For this reason alone I have always resorted to buying a used car that I could either buy outright or make payments on.

If you are in a time of your life where you need to raise your credit score then getting a car loan and making monthly payments is a great way to do so. You need a car anyways and you need to pay for it one way or another so why not use the opportunity to raise your credit score. The other option to buy it outright is great if you can afford it or do not mind driving the kind of car you can afford.

At this time in my life, as a business owner, leasing my next car just makes so much sense. Not only is it a tax write off for my company but I will also see significant tax advantages if I go for an electric vehicle.  This will allow me to drive a brand new car that is completely decked out with modern technology, something I have yet to experience.

Not only do cars greatly depreciate in value but they can become money pits with the constant need for regular maintenance and repair. Another plus about leasing a vehicle is you do not have to worry about maintenance costs as they are typically always included with the lease agreement. This reason alone should give anyone good reason to consider the idea of leasing a car.

I recently read an article about Cadillac’s new subscription based upscale car sharing program that allows you to essentially drive any one of Cadillac’s vehicles and switch them out as the need arises. This is great for someone who loves coupes but also needs a vehicle to tow around the family every now and then. If this program catches on it could be adopted by other dealerships as well leaving the possibilities for your driving experience to be endless!

If I do decide to buy my next vehicle instead of leasing, I will definitely find a reputable dealership that sells used cars at a phenomenal value. If you live on the east coast, check out my friends at Cherry Road Auto Sales in Rock Hill, SC! If they don’t have the vehicle you’re looking for in their current inventory, they will find it for you. This really sets them apart from a lot of other used car dealers.

Lastly, here’s a good video on the pros and cons of leasing vs. buying:

 

McLaren

I’ve never had much luck with sports cars, even the ones that aren’t that expensive. My first car was a sporty Nissan 240 SX and I totaled it two weeks after I got my driver’s license. (You can read all about that in this post.) Yeah, I was young, and statistically speaking it was bound to happen, but after that I got a beater Honda which I drove into the ground and never once got into an accident while driving it. Why? I believe it’s because it wasn’t a sports car.

Sports cars are accident prone vehicles, at least in my experience. Maybe you don’t agree, and that’s okay, but this is especially true for me if they are red. Not only that, but driving them raises your insurance rates to high heaven, so much so that you feel like you’re in hell every time that bill comes in the mail. Good grief, I can’t tell you how much higher my insurance premium was when I drove a red sports car than when I didn’t. Something about the color red and the sports label, but when you put them together, you can forget about ever having money in your bank account, especially since you’re bound to total the car anyway.

Also, anytime I see someone driving a sports car, the person usually fits into one of the following categories:

  • 45-year-old male experiencing a midlife crisis
  • 16-year-old female who’s texting while driving and shouldn’t even be on the road
  • 32-year-old single guy who’s car is an obvious symbol of the insecurity he has over the size of his penis

Never do I EVER want to be in any of the above situations or classes of people. Especially the third one. Have you ever been riding down the road and witnessed some asshole rev his engine just before gunning it to pass everyone because he couldn’t wait the extra two seconds it takes for the person in front of him to hit the gas after a red light turned green? Yeah. That guy is who I never want to be.

So that’s enough reason for me to never want to own a sports car, no matter how expensive it is, but I will especially never own one who’s price tag goes above that which can be afforded by a normal, middle-class American. Why? Because cars depreciate in value as soon as you drive them off the lot. As a matter of fact, I’ve been giving serious consideration to never owning a car again and only leasing from now on for this very reason. Cars are not a good investment. Period.

“Why do I own a blog about cars and speed, then?”

Good question. This blog was never meant to be for car-lovers so much as for those who enjoy spending time behind the wheel. Whether it’s in a beater Honda Civic or a beautiful McLaren is irrelevant. When I’m in my car, the wheels in my head are usually spinning as fast as the ones on my vehicle, and sharing the movement of those wheels is, and always will be, my purpose in writing.

Hey readers. I know it’s been a while. Things have been a little crazy since this site was last updated. But I won’t bore you with the details of all that…

I recently had a really messed-up experience with a car locksmith when I was cruisin’ through Charlotte and thought I’d tell you about it since it’s somewhat relevant to the whole car theme of this website. And if you’re a car enthusiast like me, chances are you’ve had to or will have to hire an auto locksmith in the near future. I definitely don’t want you to make the same mistakes I did.

If you’re ever in a jam and need a locksmith to bail you out, here are some things to look for before you hire the first guy that pops up in Google.

Criteria #1: They aren’t #1 in Google. Or if they are, make sure they are reputable. There are so many scammers and online spammers out there – not real locksmiths, just web experts pretending to be so they can scam you out of your hard-earned money. But perhaps I should back up a minute…

The story is, I locked my keys in my car at a gas station right off of Interstate 85 in Charlotte NC a few weekends ago, so I called a nearby locksmith. I figured the #1 result on the web in my phone meant that they were the real deal, right? I was dead wrong. They quoted me an outrageous price to unlock my car (like over $300). But I was in a bind and didn’t know any better, so I said “c’mon out and help me.” When they got there, they damaged my car door and locks, which I still need to have repaired, and they didn’t have insurance so my carrier is gonna have to cover it, which means my rates are likely going up. To top it all off, he charged me a $50 “convenience” fee because he said I was 10 miles outside his normal distance range for service. Yet they showed up #1 in Google’s organic and local map results, with location services turned on on my phone.

Bottom line… do some digging before you hire the first guy that pops up in the search results. I’ve done some research since and realized the locksmith industry is rife with scammers.

Criteria #2: They are licensed, bonded and insured. I already told you how my rates are going up cause my guy wasn’t insured. He also wasn’t licensed. At the time I didn’t even know how to check for that, but now I do. Find your local state’s locksmith licensing board website, ask the guy for his license number, and make sure he shows up when you do a search on the board site. It’s worth the few extra minutes you’ll spend – trust me.

Also, when make sure they are bonded and insured in case they do damage to your car. But they shouldn’t if they are experienced, certified and know what the hell they’re doing.

Criteria #3: They’re professional and reliable. The dude I called who came out to assist me with my car lockout situation was a buffoon. But like I said, I was desperate to get back on the road, and he said he could make that happen. It took him over an hour to get to me, even though he said he’d be there in 20 minutes. And then he messes up my car and doesn’t have insurance to fix it. A reliable locksmith will show up on time and have a nice, professional attitude. This guy was completely unreliable and unprofessional.

Lastly, I’ll just go ahead and throw in my recommendation for a locksmith in Charlotte if you’re ever looking for one. Mike McElveen over at Car Keys is a licensed, bonded, insured, professional, reliable auto locksmith who can make keys for just about any car make and model. If you locked your keys in your car, he can also get you out. I called around after my fiasco and decided to do my due diligence in case I ever end up in this situation again. He quoted me the most reasonable price, by far, of any other locksmith. He was very nice over the phone. He had great reviews online, and even though he didn’t show up as #1 in the search results, he was on the first page of Google for my query, and in my opinion, he deserves to be at the top. Do yourself, and him, a favor, and help him get there by hiring him when you need a locksmith and leaving him a stellar review.