Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like.
I thought leasing was an unwise financial decision?
Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years.