Originally Posted By: Nate1979
Leasing is a way to drive a car you really can't afford by only paying the depreciation during the term. However it has the highest cost in terms of fees and interest. I can't imagine it is ever a smart financial decision to lease.
I'm not sure there are absolutely no advantages, but I agree that I cannot see them either.
I can't imagine payments on a car forever. That seems wicked crazy. We keep our (VERY few) new purchases for ten years or more and there is still substantial equity in the vehicle at sale time.
I just sold my favorite Silverado for 10,900.00 that cost me 26k brand new in June 05. Very cost effective ownership and the truck made us a lot of money during its service here.
No leasing here...
Leasing is a way to drive a car you really can't afford by only paying the depreciation during the term. However it has the highest cost in terms of fees and interest. I can't imagine it is ever a smart financial decision to lease.
I'm not sure there are absolutely no advantages, but I agree that I cannot see them either.
I can't imagine payments on a car forever. That seems wicked crazy. We keep our (VERY few) new purchases for ten years or more and there is still substantial equity in the vehicle at sale time.
I just sold my favorite Silverado for 10,900.00 that cost me 26k brand new in June 05. Very cost effective ownership and the truck made us a lot of money during its service here.
No leasing here...
Last edited: