Quote:
Originally Posted by DementedReality
whats the problem with a payment?
even if i had the cash, i would still prefer to dole it out at a rate of 1/48 per month then to hand it all over in one lump sum.
assuming low interest rate enviroment of course.
i guess, i just want as little money out of my pocket on a cash flow basis to run the car. a lease fixes my budget annually, makes it predictable and doesnt tie me to owning a depreciating (non) assett.
to each his own i suppose.
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I find it weird you seem so concerned about something logical like the numbers side of things, yet are completely hung up on the emotional side of this, which is "I want a new car." The car you are driving right now is used - used by you, but still used.
Anyway, I'm with bizaro - I like to buy my cars. My daily driver is a 2005 and was originally purchased by some sucker for $56,000. I bought it with 54,000 kms in 2008 for $17,500. I haven't had a monthly payment on the thing ever, maintaining it is relatively cheap ($800 on brakes a few months ago is the only significant money I've put into it aside from regular maintenance and tires).
You putting $400 or whatever a month into renting a car seems crazy to me since your argument centers on it making financial sense.