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Reply to "leasing vs buying"
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[quote=Anonymous]I bought a new Honda minivan in 2011 for $33k (with leather and rear DVD) and traded it in 40 months (3.5 years) later for $24k. Paid for nothing but gas and oil changes during that time. So the real question is how on earth did your van depreciate $16k in 3 years? Either you paid too much for it, or you were low balled on the trade in, or both. Was it a Dodge/Chrysler? Those don't tend to hold value as well as Honda/Toyota. And neither will a Ford Explorer. To a different PP, you absolutely pay Personal Property Tax on leased vehicles in VA.[/quote]
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