In the end, decided to go another way...

[427435]

Pros & Cons of Leasing a Car vs. Buying a Car
by Heather Levin

You’ve probably heard more than once that car leasing is a bad deal. And in many cases, it definitely makes more sense to buy a car outright. But this doesn’t mean leasing a car is a bad move for everyone. Like any issue, there are pros and cons to leasing a car.

Around 20% of all new car transactions are leases, so it’s clear that there are definitely people out there who love the thought of always driving around in a new car.

But what’s the best decision for you? Well, whether or not to lease a car depends on a lot of factors including how much money you have (both up front, as well as for a monthly payment), how much you drive, and how much time you want to spend on your car.

Let’s take a look at the pros and cons of leasing so you can make the best decision for your situation and circumstances.

Pros of Leasing a Car

1.New car, all the time. Leasing a car means you always get to drive around in a sweet new ride. For many people, this is an emotional boost that can’t be ignored. If you love cars and driving, this is a big perk.

2.Less maintenance issues. Because you’re always driving a newer car, you usually don’t have to deal with the regular maintenance issues that car owners face as their vehicles age. You turn in your car before all those problems start showing up (e.g. bad brakes or shot transmission). If you lead a very busy life, or you’re on the road a lot, this is one less stress you have to deal with.

3.Leases are tax deductible for small businesses. If you’re self-employed or you own a business, you can write off your lease as a business expense.

4.“Afford” a nicer car. If you’ve ever wondered how it is that so many people can afford to drive BMWs and Range Rovers, then wonder no more. According to LeaseGuide.com, around 75% of all luxury cars are leased. The reason is because banks don’t like to loan out more than $30,000 for a car loan. If you want a car that’s worth more than that and you don’t have the money to make up the difference, leasing is your only option. On the upside, your monthly payment will be lower than if you actually bought a car. Leasing allows you to “afford” a nicer car than you’d get if you had to buy it.

5.Few upfront costs. Speaking of costs, leasing allows you to get into a car with very few “upfront” costs. You often don’t need a down payment (or if you do, it’s fairly low), your monthly payments are lower, and your sales tax is going to be a lot lower since you only have to pay tax on the value of the car you actually used. According to Edmunds.com, this means that during the life of your lease, you’re going to pay roughly half the sales tax you would if you bought the car.


Cons of Leasing a Car

1.Lease contract amount doesn’t change, even after an accident. If you get into a car accident and the vehicle is totaled, you’ll still be responsible to pay back the full lease contract amount. Even if the insurance company gives you back less than what you owe to the dealership, you’ll be responsible for the full amount. If you do go with a lease, at least be smart enough to buy gap insurance which covers you for that difference that you would owe to the dealership.

2.Limits on time and distance. Many times, the lease agreement will be for 5 years/60,000 miles. So, if you go over that 60,000 miles and keep it until the 5 years is up, you’ll pay a penalty for every mile over 60,000. Think about how many miles you put on a car each year. Most people use well over 12,000 per year. Leasing a car means you have to really “budget” your miles, which can add stress and frustration to your life. Of course, you can negotiate your mileage, and you should, but budgeting miles is a major drawback for many people. On the flip side, if you do a good job budgeting your miles, and stay under your yearly allotment, you don’t get any credit for the miles you didn’t put on the car.

3.Liability for payments. If you lose a job or experience a heavy time of financial hardship and cannot afford the payment anymore, the dealership will recover the car and sell it on auction. If they sell it for less than you owe for the lease agreement, you will be legally responsible to pay the difference.

4.No ownership, but still responsible for repairs. Leasing a car means it’s not yours; any repairs that aren’t covered by the warranty are your responsibility. But when you turn in the car, you don’t benefit from the investment you made into that car. Leasing a car also means that you can’t modify it like you’d be able to if you’d bought it (e.g. adding a custom paint job or spoiler). And if your kids spill paint on the backseat, or your dog nibbles a bit of the upholstery, you’re going to have to pay extra for “wear and tear” when you turn the car in. Not fun.

5.Can’t claim vehicle as an asset. Again, you can’t claim the car as an asset. It is technically still an asset of the dealership that leased it to you.

6.Steep car payments and opportunity cost. A lease starts a trend of perpetually paying a car payment. If you never paid a car payment and the average car payment in the U.S. was $350 a month, putting that $350 a month in a mutual fund that made 10% would become $791,171 in 30 years.

7.More expensive to buy after lease. If you decide to take the option to buy the car at the end of the lease term, you’ll have paid much more than the cost of the car even if you had financed it.

8.Stuck in lease after signing. Another common complaint with leasing is that once you sign a contract, you’re “stuck” in that lease until your term expires. However, sites like Swapalease and LeaseTrader allow you to “sublet” your lease to someone else, just like you’d do with an apartment.


Final Word
Most of the time, wealthy people pour money into assets and investments that go up in value, not down like cars do. Warren Buffet, for example, drives around a used pick-up truck during much of his personal time. He has lived in the same house that he bought about 30 years ago. He’s wealthy because he knows that possessions are a horrible investment and they rarely buy the happiness that they promise. Similarly, leasing a car doesn’t build any kind of financial value.

On the other hand, to some people, their car is an important part of their life. They love the feel of driving around a new car, and they love not having to worry about maintaining an older vehicle. Sure, leasing a car is akin to renting a house; you’re paying money out each month, none of which builds equity for you. But this might not be as important as the feeling you get every day from a new car. And that’s fine too. Sometimes, the joy of leasing a new car every few years is worth the extra expense.

Whether you buy or lease a car is a highly personal decision. Like every issue, there are pros and cons. So, think about your passion, your finances, and your personal situation carefully before making a final decision.

One of the things people forget about when leasing a car, is that their lease payment includes interest on the loan covering the car (somebody owns the car and has money tied up in it) just like making payments on a car. If you make the payments and finally pay off a car, and then drive it a while longer and put those payments in the bank, you may have enough money to buy the next car for cash (or mostly buy). That's when car ownership costs really come down.

 

[HughH]

One of the things people forget about when leasing a car, is that their lease payment includes interest on the loan covering the car (somebody owns the car and has money tied up in it) just like making payments on a car. If you make the payments and finally pay off a car, and then drive it a while longer and put those payments in the bank, you may have enough money to buy the next car for cash (or mostly buy). That's when car ownership costs really come down.

Well...it depends. Each state, different rules. Some states, you only pay enough interest on the amount of months your lease runs. Here in TX, you have you pay full interest, irregardless on the number of months your lease is contracted. However, the sate will refund the dealers the amount of interest not "used". The last two leases, both with Lexus, they had enough "tax money" accrued to cover for our lease. So, in effect, I saved around $100/mo or more on each lease.

If I can get a similar deal on sales tax money and a decent discount on a 2013
ES350, I might reenlist for another 3 yrs. We'll find out at the beginning of next year when my lease runs out. Another thing, the amount of interest is dependent on your credit scores.

Like QuantumRift stated above, leasing is not for everyone.

 

[dg_moore]

Pros & Cons of Leasing a Car vs. Buying a Car
by Heather Levin...

Good article. I have never understood how cars become so important to some people that they will do virtually anything to have them. I had a typist years ago who was divorced with two small children. Her ex husband owed thousands of dollars in court ordered child support, which he was "unable" to pay because he "had to" have a new Camaro every year. Having a shiny new car is one thing, but at the expense of feeding and sheltering your children?? I don't get it.

 

[PMCErnie]

Good article. I have never understood how cars become so important to some people that they will do virtually anything to have them. I had a typist years ago who was divorced with two small children. Her ex husband owed thousands of dollars in court ordered child support, which he was "unable" to pay because he "had to" have a new Camaro every year. Having a shiny new car is one thing, but at the expense of feeding and sheltering your children?? I don't get it.

Yes, this is the rat hole that a majority of car leasers throw their money down. Sure, there are exceptions with business write-offs, but the bottom line normally is higher cost per mile for all leasers vs buyers.

I can understand that some folks who can afford the rapid turnover luxury of leasing would do so, but that luxury lifestyle is not the norm and it is not my personal shtick In my case, it was only the luxury of age and savings and inheritance that permitted me to buy my current luxobox for cash. In doing so, I made a financial commitment to myself to keep the car for at least the 5 year/60 thou period. Achieving a wonderful lifestyle is more than parking an expensive car under a trailer park canopy. For
some good tips on getting ahead in life, "The Millionaire Next Door" is enlightening reading.

http://en.m.wikipedia.org/wiki/The_Millionaire_Next_Door

 

[Mark_888]

...Sure, there are exceptions with business write-offs...

No, there are no exceptions with regard to business write-offs. There are no extra write-offs available related to leasing rather than purchasing. This is pure myth.

 

[nextcar]

No, there are no exceptions with regard to business write-offs. There are no extra write-offs available related to leasing rather than purchasing. This is pure myth.

i agree.
that's also what my accountant told me.

 

[PMCErnie]

No, there are no exceptions with regard to business write-offs. There are no extra write-offs available related to leasing rather than purchasing. This is pure myth.

Argue with Kiplinger.

http://m.kiplinger.com/article.php?url=http://kiplinger.com/columns/car/archive/2008/car0107.html

My point was not that car buyers are ineligible for the same tax breaks. Of course they are eligible. My point was that if you are leasing and not doing a business tax write-off then that is pretty dumb.

 

[HughH]

Argue with Kiplinger.

http://m.kiplinger.com/article.php?url=http://kiplinger.com/columns/car/archive/2008/car0107.html

Kiplinger, as usual is very generalized in their articles. For instance:

"When you turned in the car at the end of the lease, you'd pay a "turn-in" fee of $395 and then walk away."

I have NEVER had to pay a "turn-in" end lease fee. Some banks do tack on a fee such as this. However, most car company leases do not.

Leases change every month, as well as model within a brand. Those of you that may be interested, you may want to go to http://www.bimmerfest.com/forums/forumdisplay.php?f=20. They post the rates for each model at the beginning of each month for BMW leases. As I speak, I am listening to Ed Wallace on his weekly radio show "Wheels". Just heard an ad from the FT Worth BMW dealer on a lease with sales tax credits and BMW picking-up the first two months payment. I missed which model the special is for. But, that shows you that no matter who writes those articles, unless they are quoting the law, everything else is generalized.

 

[PMCErnie]

Kiplinger, as usual is very generalized in their articles. For instance:

"When you turned in the car at the end of the lease, you'd pay a "turn-in" fee of $395 and then walk away."

I have NEVER had to pay a "turn-in" end lease fee. Some banks do tack on a fee such as this. However, most car company leases do not.

Leases change every month, as well as model within a brand. Those of you that may be interested, you may want to go to http://www.bimmerfest.com/forums/forumdisplay.php?f=20. They post the rates for each model at the beginning of each month for BMW leases. As I speak, I am listening to Ed Wallace on his weekly radio show "Wheels".

Just heard an ad from the FT Worth BMW dealer on a lease with sales tax credits and BMW picking-up the first two months payment. I missed which model the special is for. But, that shows you that no matter who writes those articles, unless they are quoting the law, everything else is generalized.

Perhaps you didn't pay an end lease fee because they sucked you right into another lease? I like the feeling of having equity in my owned wheels, even depreciating equity.

 

[Mark_888]

Argue with Kiplinger.

http://m.kiplinger.com/article.php?url=http://kiplinger.com/columns/car/archive/2008/car0107.html

My point was not that car buyers are ineligible for the same tax breaks. Of course they are eligible. My point was that if you are leasing and not doing a business tax write-off then that is pretty dumb.

Here is what your link says:

In most states, you pay sales tax only on the monthly payments, not the sale price of the vehicle. In the Malibu example above, you'd owe taxes on about $18,000 in payments rather than the $27,000 sale price. (Arkansas, Maryland, Minnesota, Texas and Virginia charge sales tax on the entire sale price.)

The above refers to whether you pay state/local sales tax on the entire sales amount or only the lease amount. This has nothing to do with income tax write offs. What they don't say, is that when you purchase and trade-in the car for another one, you get the equivalent tax break (only have to pay sales tax on the net difference for the new car taking into account trade-in value).

If one is leasing and taking a business tax write-off on a vehicle that is not a legitimate business expense as defined by the IRS, then it would be a violation of Federal Income Tax laws punishable by fines and/or a prison term. There is absolutely no difference between leasing an buying in terms of whether you are allowed to write off vehicle expense as a business expense. The amount of the write-off may differ (usually if you purchase you can write off more, especially if you keep the car after the lease expires). The only downside of buying, is the accounting is more complicated, so only intelligent people can reap the tax benefits of purchasing.

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[PMCErnie]

Here is what your link says:


The above refers to whether you pay state/local sales tax on the entire sales amount or only the lease amount. This has nothing to do with income tax write offs. What they don't say, is that when you purchase and trade-in the car for another one, you get the equivalent tax break (only have to pay sales tax on the net difference for the new car taking into account trade-in value).

If one is leasing and taking a business tax write-off on a vehicle that is not a legitimate business expense as defined by the IRS, then it would be a violation of Federal Income Tax laws punishable by fines and/or a prison term. There is absolutely no difference between leasing an buying in terms of whether you are allowed to write off vehicle expense as a business expense. The amount of the write-off may differ (usually if you purchase you can write off more, especially if you keep the car after the lease expires). The only downside of buying, is the accounting is more complicated, so only intelligent people can reap the tax benefits of purchasing.

I'll say it again for the reading challenged:

"My point was not that car buyers are ineligible for the same tax breaks. Of course they are eligible. My point was that if you are leasing and not doing a business tax write-off then that is pretty dumb."

 

[HughH]

Perhaps you didn't pay an end lease fee because they sucked you right into another lease? I like the feeling of having equity in my owned wheels, even depreciating equity.

I have no problem with you not liking/wanting leases. It's your money, do whatever you want with it and enjoy it! Some people enjoy gambling in Vegas, others don't. To each it's own!

Any and all fees in a lease have to be delineated in the contract. It's up to the individual to do his homework in order to become knowledgeable about leases and also finding a dealer he can trust.

 

[Mark_888]

I'll say it again for the reading challenged:

"My point was not that car buyers are ineligible for the same tax breaks. Of course they are eligible. My point was that if you are leasing and not doing a business tax write-off then that is pretty dumb."

IRS rules are the same regarding eligibility of business tax write-offs regardless of whether you lease or purchase, the only difference is in the calculation of the tax deduction (lease expense, or depreciation expense).

You seem to be implying that one can do a business tax write-off when leasing, regardless of whether it is a legitimate business expense per IRS rules. Can you clarify that?

 

[waveman]

IRS rules are the same regarding eligibility of business tax write-offs regardless of whether you lease or purchase, the only difference is in the calculation of the tax deduction (lease expense, or depreciation expense).

You seem to be implying that one can do a business tax write-off when leasing, regardless of whether it is a legitimate business expense per IRS rules. Can you clarify that?

I think he's saying that if you lease for reasons that don't let you take a legitimate tax write-off, it doesn't make sense economically. Personally, I think that everyone should do what works for them, whether it's buying or leasing. I prefer to own, but if someone wants to lease to get into a new car every few years, that's a reasonable choice for them to make.

 

[Mark_888]

I think he's saying that if you lease for reasons that don't let you take a legitimate tax write-off, it doesn't make sense economically. Personally, I think that everyone should do what works for them, whether it's buying or leasing. I prefer to own, but if someone wants to lease to get into a new car every few years, that's a reasonable choice for them to make.

It is possible that he is saying that, but since a tax deduction is not a direct reduction of taxes (as a tax credit would be) then any extra money spent by leasing rather than buying is not 100% recovered. If one is in the 40% tax bracket, then only 40% of the extra cost of leasing is recovered.

My own personal opinion is that it "may be" a reasonable decision to lease if one definitely wants a new car every 2-3 years, but it has nothing to do with taxes. It has to do with guaranteed residual value and removing the hassle of negotiating a trade-in value, which sometimes is overestimated by auto companies wanting to promote leases. In my own case, since I only drive about 9,000 miles per year, and I do a good job of maintenance on my car, it seems absurd to me to get a new car after only 27,000 miles. In addition, I have paid cash for all my cars purchased since 1988, so it is not really a case of leasing or purchasing/financing. I have no desire to pay finance charges, either explicitly in a purchase/finance or implied in a lease.

 

[20124.6]

So I was all set to buy a 2012 R-spec, but then there was the thread about the passenger side front seat not elevating. I knew that was going to be a problem for my petite wife, but she wouldn't be in the car much, and I figured I could live with it. Then the water spilling into the trunk bothered me a little too. But, in the end, I decided to buy the R-spec for cash at the end of this month (July 30 or 31), and figured I'd pay $40,500 or maybe a grand more at most (I have USAA, HyundaiCircle through the Think Tank, competing car - my Honda Odyssey believe it or not, and military discount - I was in for four years in the 80's and have a DD-214).

Then the MB salesman at MB Dealer #1, who I had talked to some time ago when I looked over their cars, called me a couple days ago, and I told him I was going to go with the R-spec. He asked if I had ever considered leasing a car, and when I said I hadn't, we talked a bit. He ran some numbers on a new Mercedes Benz E350 RWD, and sent me this:

• At 7,500 miles per year with only $2590.89 down you'd be in the car for $594.14 per month.
• At 10,000 miles per year with only $2613.00 at signing you'd be in the car for $616.25 per month.

I then went and talked to the MB Dealer #2 right next to where my new house will be that we're moving to in three weeks (only a few miles from where I am now). They had a much better deal, which was for an E350 with "4matic" all wheel drive with ZERO down at $562.11 a months for 24 months for 7,500 miles per year (my commute is short). For 10K miles/year it was $590. Interestingly, the price for a three year lease was substantially more per month, over $600, which made clear they had a very special deal going on at this moment for 24 month leases.

Then I called Hyundai. Their lease was 36 months, 12K miles/year, and $550/month for an R-spec, and $389/month for a 3.8 Genesis, which I wasn't interested in. Their leasing didn't have adjustable mileage, didn't have adjustable lengths, and didn't take into account USAA or HyundaiCircle pricing. SO, the R-spec cost was very similar to the MB (which was going to have a final price of $49,500 vs. the R-spec that I figured I could get for $40,500 maybe). That was a lame lease price I thought, but it probably reflects the difference in residual value between the R-spec and the E350. On that, the original MB salesman at Dealer #1 wrote:

• The residual value for a Hyndai Genisis at 31 months is only 47%, while the residual on the E350 after 30 months is an industry leading 60%.

I don't know if it's true or not, and it doesn't really matter, since the math tells the story. So I talked again to MB dealer #1 again, gave them the specifics from the car and deal offered by MB Dealer #2, and they came back with $528/month, zero down, 7.5K miles/year, no 4matic, all taxes/tags included, or $550 for the 4matic version.

Then I went back in to the MB dealer #2 near my new house this afternoon, and they agreed to match MB dealer #1's improved offer and lease me the 4matic with the extra $740 in options (rear spoiler $300/split rear seat $440) for $550. This is EXACTLY the same as the R-spec lease cost, but I get a new car in two years (24 month lease), but less miles (7.5K vs 12K, which I don't need). I gave him the first month's payment as a deposit, and will take delivery on July 30, right after I move and have a place to park it and will need two cars.

I really liked the R-spec, and I liked the idea of 429 horsepower vs. the E350's 302 hp, but the E350 wasn't sluggish, and I thought how often do I ever bury the pedal? Maybe if I had 429 hp I might more often, but I can live without the R-spec's zoom factor, and 302 hp isn't a pedal car.

At the end of the line today, I liked the R-spec, but for the EXACT same price as the MB E350 with AWD, I just couldn't get there.

On the money front, $550 per month for a $49,500 E350 (MSRP $58,605) means that given the tax is included, I would have to make 92.86 monthly payments (7 years, 9 months) of $550 if I had a ZERO interest loan to pay off the $51,074 price (includes Virginia sales tax). That's unbelievable. The math also means I am basically renting the car for $18.08/day. Or you can figure it that I'm driving it for $0.88/mile. (At 12K miles/year the R-spec would be $0.55/mile, but I don't drive anywhere near 12K/year.) How this can be possible, I can't imagine. At this price for the lease I feel like I'm stealing the car almost.

The MB dealer is .8 mile from my house, they said please bring it often for us to wash and vacuum it (and they meant it). Always a loaner car at MB if I ever need it, and probably won't, but we'll see. MB also has a loyalty program for people who lease, and I may well go back every two years near the end of the model year in July, when they really want to move cars off the lot, for many more years, but we'll see.

I had decided to get the R-spec, and this all started when I told the MB dealer I wasn't going with MB. But, with the amazing knock-down prices in July on MB's, and especially on MB leases on top of that, I decided I'd be a fool not to take advantage.

I sold a 97 MB S500 three years ago to buy our current minivan when the baby arrived, and another in the mid-1990's in London. I've also had a Hyundai before in London in the early-1990's, and despite complaints about quality from that era, the car was completely indestructible (a woman had to make a turn right in front of me - I t-boned her - to kill that car.) I like the determination and the moxie of Hyundai, and the Koreans more generally (I've been to Korea a number of times when I was in Japan for the Navy in the 1980's, and the Koreans are great allies).

If the Hyundai leasing folks had more flexibility, I might still be picking up my new R-spec instead of the E350 in three weeks.

I did a LOT of research using this forum, and kicked in some cash to support the message board. I tried to ask few questions, and greatly appreciated the many answers so many of you provided to me and many others. I found and posted the Hyundai Genesis Owner's Manuals on my skydrive, and linked to them here on the board, and I'll leave them there for everyone to download as needed. This VERY LONG post is mainly to thank you all and show you the respect you deserve by not just disappearing without a trace. I felt obliged to explain why it didn't work out at the last minute. I also wanted to provide real feedback on a real decision making process where Hyundai had me in the bag, but just couldn't quite close the deal. Whether there are any lessons here for anyone (other than for me of course, where there are many), is for someone else to decide.

Thanks everyone!

what is your residual on the MB and what would it have been on the Rspec. i am sure that is where the big difference will be. So if you plan on just turning car in MB is a good deal, if you want to buy or go way over milage and have to buy the MB will cost a lot more

 

[20124.6]

I am not a fan of leasing. I buy or own a car to drive it, not to keep it in the driveway, so when it comes to those extra charges for going over the mileage cap, forget it. It's like having a data plan with a smartphone and constantly watching data consumption so as not to run over the limit and get charged more. We got our Genny because of it's comfortable ride, especially on long trips. So we'll drive it. Neither purchasing nor leasing is the best for everybody, and the bottom line are the numbers. And "bang for the buck". I have a short commute as well (8 miles to work, 8 miles from work), but I choose to ride a motorcycle instead....LoL...but if you found a solution that works for you, good!!

remember you can buy the car at the end of the lease and the residual is usually less than what the value of the car is. I have leased a couple cars and bought many cars usually a wash on cost and i did a lot of research. it all depends on what your intentions are at the end of the lease.

 

[HughH]

remember you can buy the car at the end of the lease and the residual is usually less than what the value of the car is. I have leased a couple cars and bought many cars usually a wash on cost and i did a lot of research. it all depends on what your intentions are at the end of the lease.

Leasing deals are so much more effective these days versus when I leased my first car. That was a 1984 Audi 5000. Interest rates where much higher then, so my monthly payments were $349/mo. At the end it worked in my favor. I had thought of purchasing instead of leasing and when CBS came out with their unintended acceleration story that almost killed Audi in '86, I was able to walk away at lease end and did not have to eat the depresiation that dogged Audi cars for years on end.

Wow! That was quite a deal you got on the MB. I doubt very much I could come even close to those numbers!

 

[HughH]

I always wanted a german...like a BMW, Benz...of course those were out of my range...so i almost got a VW GTI but I heard so many nightmares about it that i just kept my Honda element until i payed it off....and to be honest I didn't get the warranty on that car ( back then being younger and naive and probably dumb ) but I am glad i didn't get it because that car never broke down in my life...all i did is replace the brake pads twice in 5 years and oil change.

It was amazing and finally traded that car to the Genny that i currently own....of course i got the warranty on this car but i doubt it will cause me much trouble....at least i know it won't be as bad as owning a german car and leaving me penniless...

You could've purchased a Volvo and you would've saved yourself the amount of money you spent on oil changes and brake job. All included within 5 yrs of your ownership, including loaners

In 2004 I purchased a BMW330i and never spent a dime on anything, other than gas. Like Volvo, they offer loaners for oil changes. BTW - Oil changes are scheduled every 15,000 miles or twice a year, whichever comes first. The BMW dealership offers to come and pick-up you car at your designated place and return it, nicely washed.

A lady I once met at the dealership told me that they usually send a flatbed truck all the way to Amarillo in the Panhandle and bring her another BMW for her to use until they return her car. She decided to come and spend her day shopping and dining in the Metroplex, instead.
EDIT - Perhaps she had photos/videos of the dealer...who knows.

 

[foleydb]

Been gone from here a long, long time after I decided not to get an R-spec. Thursday I'm picking up a new Alfa Romeo 4C Launch Edition, the one in the photos. I commend it to anyone looking for that feeling that we've been missing.