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Cars and Transportation
Reply to "leasing vs buying"
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[quote=Anonymous]If you keep a car for only three years, a lease may end up being more economical. But, that is most certainly not the most economical way to own a car (which is buy a reasonably priced car and keep it until it dies). If you're buying a different car every three years, your primary concern is not price. That said, I have never leased, but for a variety of reasons it made sense to lease a car 2.5 years ago when I needed one. I got a basic model on a cheap lease deal at the end of the model year. That car has cost roughly $2300/year for 3 years (absent maintenance costs, which would have to be paid on any car). That's a pretty good deal. It would take me a little more than 8 years of ownership to break even. But, that's being willing to accept any car on whatever deal is offered. I also don't drive a lot, so can have lower mileage leases. [/quote]
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