Is i stupid to lease cars?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is it stupid to lease a depreciating asset?

Because dumbs$$ you have to keep paying every month forever. Sh*t, is that really hard to understand? Frustrating dimwits.

If you think the length of time you have to pay is more important than the total amount it costs you, then I hope you do not handle the finances for your family.

Ok so I spend about 1000 per year on maintenace of my honda. 17 years old. I paid 23000 and paid 1000/year for last 13 years - 13000. Total of 36k

let's say you lease 350 per month for 17 years - $71400. i don't understand your point.

I know you don't understand my point. Your example is highly flawed as you are comparing one car to multiple new cars.

Redo your math with the same Honda car leased for the same 17 year amount of time. You'll see it is virtually the same as the residual value of the Honda is the same. Whether you lease, buy with financing, or buy with cash and figure against opportunity cost of the capital outlay (which depending on your ROI might be the most expensive of them all). And before you tell me you can't lease a used car, that's false, you can lease any equipment.

The question was "is it stupid to lease cars" not "is it more expensive to have a new car every three years or drive an old one". The latter is a question no one needs to ask as it is obvious - but that's the one you guys answered, even though that was not the question. The former is what I answered.

I'll give you what you want and stop posting as my facts stand alone and have not been refuted. You can go ahead and insult all you want because I know I am correct, and that's enough.

Of course you do. Crazies never say they are crazy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is it stupid to lease a depreciating asset?

Because dumbs$$ you have to keep paying every month forever. Sh*t, is that really hard to understand? Frustrating dimwits.

If you think the length of time you have to pay is more important than the total amount it costs you, then I hope you do not handle the finances for your family.

Ok so I spend about 1000 per year on maintenace of my honda. 17 years old. I paid 23000 and paid 1000/year for last 13 years - 13000. Total of 36k

let's say you lease 350 per month for 17 years - $71400. i don't understand your point.

I know you don't understand my point. Your example is highly flawed as you are comparing one car to multiple new cars.

Redo your math with the same Honda car leased for the same 17 year amount of time. You'll see it is virtually the same as the residual value of the Honda is the same. Whether you lease, buy with financing, or buy with cash and figure against opportunity cost of the capital outlay (which depending on your ROI might be the most expensive of them all). And before you tell me you can't lease a used car, that's false, you can lease any equipment.

The question was "is it stupid to lease cars" not "is it more expensive to have a new car every three years or drive an old one". The latter is a question no one needs to ask as it is obvious - but that's the one you guys answered, even though that was not the question. The former is what I answered.

I'll give you what you want and stop posting as my facts stand alone and have not been refuted. You can go ahead and insult all you want because I know I am correct, and that's enough.

Wow. My mailbox is smarter than you.