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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know for buying there are 0% Incentives over a long term but that really does now speak to me. I am leaning toward leasing for the first time ever to preserve cash that would otherwise be the down payment. Is there any reason that is a bad idea right now?[/quote]

I think most leases require a "capital cost reduction" payment -- i.e. a down payment. It's usually $3,000-$5000. And when the lease is over, you have nothing left to show for it. And may get dinged for mileage or wear and tear. At least when you buy a car, you have an asset, albeit a depreciated one.[/quote]

You had the use of the car for the 3 years, so it isn't nothing. You also don't need to put anything down with a lease - you can do $0 capital costs reductions and just pay the mandatory fees. People often use it to get nicer cars than they otherwise could purchase. And with the rapid changes to the technology in cars, having a car for 7-10 years won't give you these improvements. [/quote]

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