Quote:
Originally Posted by Ironhorse
IMO, leasing is for people who wish to have a new car every 3-4 years.
Depreciation depends on the car, not all of them are crapboxes that are dead after 5 years. You only worry about depreciation if you are planning on reselling the car relatively soon; the depreciation curve is the highest, iirc, in year 1-3 of the car (depending on brand/model).
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well by my post, you can see i firmly disagree... even if you want to keep the car for 10 years, leasing makes sense.
i would rather give you the price of the car in little bits and keep the cash to myself then to give it up in one lump sum.
if you lease the car and love it, buy it when the lease is up and consider it a 4 year test drive. in the meantime, you only pay 50% of the car in the first 4 years and at 1/48th at a time. why not keep your money in your bank account?