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Old 10-14-2011, 06:49 PM   #14
bomba
Crash and Bang Winger
 
Join Date: Dec 2010
Location: Calgary
Exp:
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I've leased all my cars as I can write them off due to work so there are some advantages for me.

My take on it is that if you want something brand new then lease because you don't want to take the hit on the depreciating asset value (particularly in the first year or two in which the value drops drastically). Also, the lease rates on new cars is pretty low right now. My recent lease rate from Acura was 0.01%.

Or if you want to buy, buy a car that is 2-3 years old where the price has already gone through a significant drop.
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