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Reply to "Am I a sucker for leasing all of our family cars?"
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[quote=Anonymous]The problem with leasing isn’t so much the monthly payment. It’s the $3k plus you have to cough up every few years to lease a car. It ends up really adding up over 10-20 years. We purchased a car and paid off the car 3 years ago. We’ve had three years of NO car payments and will have an asset to trade in for our next car. If we leased we would have had to go straight into forking over $3k plus and onto more lease payments. Leasing never allows you to get away from having a payment. It’s hard to create wealth when you’re signing up for continuous payments unless you switch from leasing to buying. [/quote]
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