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Old 05-22-2008, 03:47 PM   #4
Bill Bumface
My face is a bum!
 
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Quote:
Originally Posted by DementedReality View Post
if the car is worth more than the buyout, then sell it privatly and pay the residual. if it is worthless, then give it back.

i would lease again. i made a long analysis about why leasing is almost always better than buying in the "ask a car salesman thread".
As long as you know you won't get sick of the car before your lease is up, the km restrictions won't be hit, and the lease rate is the same or less than the purchase rate, I agree. You're completely protected from greater than expected depreciation, yet at the same time you can cash out on less than expected depreciation. When I used to drive new cars I'd lease and some people would try tell me it was the same as renting a car. Ugh.

Now I've moved on to buying cars that are a couple years old and getting something way more upscale than what I could have afforded new, although there are many nice things about new cars. There are tradeoffs for sure.
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