Quote:
Originally Posted by DementedReality
leasing almost always makes sense ...
first off all, you pay 55% (approx) of the car in 1/48th increments. i dont know about you, but I dont want MY cash tied up in depreciating metal and rubber.
and yes the car is worth LESS at the end, that means the car company subsidized YOU the entire time. being upside down on a lease is GOOD. hint: dont buy the car if they want MORE then its worth!!!
why would you want to give up 25,000 for something that is only worth $20,000 the minute you take ownership?
i would rather give up $350 a month at a time and use the money in better places then watching it every day erode on my drive way.
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I tend to drive my vehicles for 10-13 years before I get a new, which makes leasing a bad deal. If I buy a vehicle for say $26,000 the cost spread out over 10-13 years is quite small as opposed to the monthly lease payments.
Also if you lease you are paying for the largest depreciation of that vehicle which is often the first 4 years. The person who gets your vehicle after that has a much lower depreciation for there on.