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Reply to "Is i stupid to lease cars?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Leasing a car is like buying a new car every three years. [b]Financially it is stupid[/b]. The best financial choice is to typically buy a 3-5 year old car and then drive it into the ground.[/quote] Not always. If you are a business owner, it is financially stupid to buy instead of lease. Leasing offer multiple tax benefits. [/quote] PP. Even with tax deductions, leasing is not going to be cheaper than buying a 3-5 year old car and then driving it into the ground.[/quote] NP. Correct, but not everyone wants to buy a 3 - 5 year old car and drive it into the ground. That might be the cheapest route to go, as long as it never needs major maintenance or repairs that aren't covered, but that is a separate issue. (We always buy cars--used and certified--but I can see a situation where someone could benefit from leasing.)[/quote]
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