Quote:
Originally Posted by Sliver
I agree with you that people should be able to buy a luxury item if they can afford one. The thing is, people who lease new cars often can't afford them. To me, you can afford to buy a $32,000 car if you have $32,000 in the bank, not if you have $400/month.
Your travel example would only be a good comparison against leasing if you were travelling first class on debt, staying in hotels beyond your means and not having any memories to show for it in the end. Then people would question your judgement in the same way they question leasing.
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Fair enough. I'm coming from the assumption that anyone considering leasing a new car could afford to pay cash for the car, but has chosen to lease it for other reasons. (Tax deductibility if business, better use of funds elsewhere, return the car option). That's the only way I would consider it, but I also get that not everyone has the same values as me regarding money.