Quote:
Originally Posted by Sylvanfan
Thats just it. It's not just a simple leasing versus buying issue. It was an issue of them offering great lease rates, and high enough residual values that leasing became a very good option for consumers. It looks like I'll be much further ahead having chose to lease my last vehicle versus having bought it. One of the biggest reasons was that when I ran all the scenarios and calculations...at worst..I stood to maybe be out $1000 over 4 years by leasing, and the upside was for me to be a lot further ahead. One of the reasons was that at the time, they had leasing incentives that were better than the purchase finance options. In a way they almost forced me to lease when I honestly hadn't even considered it. So really I don't feel sorry for these companies, they've done this to themselves. Now that I've done it this way...I'll never buy another new car again, unless some freak occurrance happens and I stop caring about the cost of things. Until than, it will be lease, or look for a decent used vehicle where I can work over the seller.
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you are right ... i have argued many times here that if you do the math, leasing almost always made more sense. now the car companies are seeing this and changes the playing field. many things have factored into why the landscape has changed, but that all supported why i was strongly in favour of leasing. your experiance above is another example.
i am sure if you searched, you will see where I was strongly challenged that owning was better than leasing. i disagreed and i think this decision by GM proves I was right.