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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I bought my car. Yes, the payments were higher than leasing but when I paid it off, it was mine. Since I paid it off 4 years ago I've had no payments, and so far, no problems. [/quote]

This is my mindset as well. We have an 2013 economy sedan that we will drive into the ground as our daily commuter (both DH and I drive to work 1x a week) and then a newer SUV that is the "kid" car that we have a few year of payments left on it. We recently kicked around replacing the sedan (needed about $2,500 worth of work) but even the cheapest/ultra low milage lease was no bargain next to just repairing the old car with no payment.[/quote]

Don’t repairs for old cars add up?[/quote]
Yes, but my well maintained econobox is generally still cheaper than a lease, at least in this environment. Back of the napkin math of $2,500 down at lease signing, plus $300 month is $13,300 for a 36 month lease; my old reliable is definitely cheaper over that 3 year period. Everything that needed to be done to the car was routine maintenance on a car with 120k miles. That's not to say that this math checks out for every family but this was our line of thinking. I would love something nicer but also love not having another car payment more![/quote]

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