Quote:
Originally Posted by ernie
Yes I had one payment..you have a 48 payment obligation not a single payment. And then you have the next 48 payment obligation and I have no obligation if I keep my car for 8 years. And you know what? if I lose my job (a possibility in todays economy) I still have a car. I still have car to get my kids to where they need to go be it the zoo or the doctor. I have a car to look for that next job.
It's about choices. Your choice is to lease or make monthly payments. My choice is to make sure I minimize my obligations (outside of my mortgage) and reduce my active debts so that if something happens (hospitilization, loss of job) it minimizes the risk to my family. And we are paying down the mortgage as quick as we can to get out from under the one debt we have.
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if you lose our job, wouldnt you prefer to have that lump sum in the bank to draw from instead of looking at it sitting in your drive way?
cant buy food by selling your rear view mirror for money.
again, another reason why i lease, i keep my money in a bank and not in metal and rubber.