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Reply to "At what HHI would you feel comfortable buying an $80-90k car?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most people are leasing these cars. Not buying. Leasing has allowed people to drive more expensive cars than they can afford or would want to spend buying. The problem is that you have a car payment for life that only increases over time. Most luxury cars are leased. [/quote] That may be true but when shopping for a car this year I found the 80-100k cars I looked at didn’t have any particularly good leasing specials. Still a lower monthly payment than buying but not a significant difference. In the end I decided to buy with a 5 year loan.[/quote] It hasn’t been good to lease cars since COVID started. Pre-COVID you can lease a $80k car for ~$800/month with $0 down. Now you’ll be lucky if it’s double that. A lot of people with a lease ending are buying out the lease now.[/quote]
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