Leasing - where do I start? what do I need to know?

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are no good reasons to lease a car. Terrible investment.

I just don’t get this black and white thinking. Just leased a vehicle and my total payment over the lease PLUS the price to buy in 3 years is 6K less than if I bought it new today. Where is the big loss?

Plus it’s not an “investment” whether you buy or lease. It’s paying for a car that you either give back in three years or keep paying and keep it a few more years.

[Anonymous]

Anonymous wrote:My sister, who is terrible with money and has been through one bankruptcy, likes having a new car every couple of years and always leases.

I, on the other hand, drive my cars for at least ten years and always pay cash, or take out a short loan.

I’ve come to accept the fact that we’re just different that way.

A guy I know down the street filed bankruptcy and always drove old paid off clunkers. The gs-14 across the street always has a new leased car and is on NAF way to a reasonable retirement. To each his own.