Originally Posted By: JHZR2
I would never lease any car, it's a stupid financial move, but doubly so on domestic vehicles which depreciate fast.
1....Agree totally....why do you need a new car?
When leasing...YOU... are taking the hit for the first 3 years of deprecation (about 45 to 55+% of the original value). Not a wise financial move. Also your limited to a certain mileage each year (usually 12K).
A better financial move would be to look for a good 3 or 4 year old model, in good shape, where most of that early deprecation is gone and take out a used care loan for the shortest time possible. (If you have fair credit, at this time they can be had for 2 to 3%)