Reply to Am I a sucker for leasing all of our family cars?

Forum Index » Cars and Transportation

Reply to "Am I a sucker for leasing all of our family cars?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]We do the same thing. It works for us. I'm always the one giving rides to people who have their cars stuck in the shop for one issue or another. They can sink their money into a depreciating asset if they want. Car payments are a line item in our budget, and we'd rather pay a fixed amount each month than end up with high car repair bills unexpectedly. It may not make sense to others but it makes sense to us.  [/quote]

The implication of this statement is that you will end up better off, financially, with a lease than by purchasing a new car.  That is just not true.  There are valid reasons to lease a car - you want a new car every year, you can write off the lease and its easier, you temporarily need low payments, etc. - but deluding yourself that it's a savvy financial move is not one of them.  It is unequivocally more economical to keep a car for 8-10 years than it is to lease it.  [/quote]

So true. We used to lease and then we bought years ago. We have a 2007 and a 2008 that we bought new. Both have needed some repairs (new tires seem to be pricey as I recall). But there is no way that we spend $7,200 per year per car ($600 *12) so it has been well worth it to keep the cars the whole time. They are both good brands and can run for many more years. Also, our kids are getting ready to drive and these are the perfect cars for them.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics