i have had this debate many times, if you are going to get a new car LEASE IT!
first off, why buy something for say 25k and the minute the ink is dry it is worth 22k.
secondly, a lease you pay roughly 55% of the MSRP in 1/48 increments. which means you put less $$ into the car while its depreciating. if you love the car, consider it a 4 year test drive, you can buy it out.
if its a lemon, you return it.
some people believe in the saying:
own things that appreciate
rent things that depreciate
for me it comes down to I dont want to see my 25,000 sitting in my driveway, i would rather see my $$ in my bank and i will give it up 1/48th a time.
i have done the math and yes if you plan on owning the car for 10 years, buying it today instead of leasing will save you money. buying a good 3 year old car will also save you even more money.
im a lease fan for new cars. one the best examples i can offer is that Dodge stopped offering consumer leases a few years ago (they might be back now?) if leaseing was so BAD for consumers because we were getting ripped off, why would a car company stop offering it?
|