View Single Post
Old 05-23-2008, 09:37 AM   #15
Bring_Back_Shantz
Franchise Player
 
Bring_Back_Shantz's Avatar
 
Join Date: Jul 2003
Location: In my office, at the Ministry of Awesome!
Exp:
Default

I used to be wholly against leasing, but that was when I didn't understand how it works.

When I went to trade in my Cavalier after three years I found myself wishing I had leased it instead, because it had depreciated faster than the financing payments (even at 0%) so it was worth less than I still had owing on it and it cost me money to trade it in.

If you're going to keep a car for a long period of time, then buying is probably the best option, but if you're only looking to keep the car for a few years, leasing is actually a pretty good option as well.
__________________
THE SHANTZ WILL RISE AGAIN.
<-----Check the Badge bitches. You want some Awesome, you come to me!
Bring_Back_Shantz is offline   Reply With Quote