Quote:
Originally Posted by Winsor_Pilates
Can you qualify that statement with any facts? It's not true what so ever.
Even your example shows that buying will save someone $5000
Over the long term leasing is always more expensive. There are reasons to consider leasing, but it's rarely to save money.
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sure i can ... and using more accurate #'s from my real life experiance, sorry the earlier post was just off my head.
how do you not see that spending 25k on a car and is not more expensive than spending 14k on the same car.
i just leased a 2008
JEtta. Here are details:
1) i could have purchased. either give them 25k outright from my bank or $550 per month.
2) i could lease at 300 per month, 0 down.
Now who wants to OWN a VW without a warrenty? this is a 4 year proposition.
option 1 costs me between 25 and 26k and after 4 years I have a liability (not an asset because it continues to depreciate AND now i have no warrenty) worth say 13k at most.
option 2 costs me 14k and i can pocket the difference of about 250 per month. after 4 years i have 12k in cash built up and its liquid. in option 1, all that equity is not only tied up in metal in my parking lot, its going down every month.
i see no reason to not lease a new car every 4 years.