Rent Or Buy?

[Belfastboy]

I'm considering alot of options here....i have my eye on a toyota fortuner after alot of recommendations off the guys on here....but heres my question....

now considering i am going to be in bangkok for 1 year.....

would u rent at 45k baht per month which equals = 564,000bt for the year

or buy a brand new fortuner at 1,029,000bt not including taxes etc...

im trying to figure out how much baht in depreciation i would lose over the year when i go to sell it...

would i lose more than 564,000 bt over the year in deprecation???

also consider that the rental would include insurance and warranty....

what would u do?

rent or buy?

[daleyboy]

This is just my opinion based on no facts at all, but surely if you bought it wouldnt lose half its value in one year. Renting is just dead money. I may be completely wrong but buying if you can afford it i think would be the way to go

[cobra]

I once heard ... drive it off the showroom floor, lose 20% in deprecation,

One good thing about renting is the flexibility in unloading, just give it back when the lease is up, as opposed to selling it, dealing with buyers, paperwork, etc.

[markuk]

I'm considering alot of options here....i have my eye on a toyota fortuner after alot of recommendations off the guys on here....but heres my question....

now considering i am going to be in bangkok for 1 year.....

would u rent at 45k baht per month which equals = 564,000bt for the year

or buy a brand new fortuner at 1,029,000bt not including taxes etc...

im trying to figure out how much baht in depreciation i would lose over the year when i go to sell it...

would i lose more than 564,000 bt over the year in deprecation???

also consider that the rental would include insurance and warranty....

what would u do?

rent or buy?

if i was here for one year i would rent - too much hastle trying to sell it, i dont belive that too many Thais want a second hand car - am i right??

But if your only here for one year - do you really need a 4WD? i would save the money and get a car.

[Maigo6]

I'm considering alot of options here....i have my eye on a toyota fortuner after alot of recommendations off the guys on here....but heres my question....

now considering i am going to be in bangkok for 1 year.....

would u rent at 45k baht per month which equals = 564,000bt for the year

or buy a brand new fortuner at 1,029,000bt not including taxes etc...

im trying to figure out how much baht in depreciation i would lose over the year when i go to sell it...

would i lose more than 564,000 bt over the year in deprecation???

also consider that the rental would include insurance and warranty....

what would u do?

rent or buy?

Buy one, and I will give you 563000 Baht less than the price you you paid for it after one year, beats the rental deal by 1000 Baht.

You will get a years insurance and a 100,000 Kms Warranty when You buy the car.

Edited April 10, 2006 by Maigo6

[kasi]

Also on longer term rentals you can rent a descent used car in the 15-20K a month range. Crash it and you can walk away from it.