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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I lease.. I don't mind not owning a car. It's less money per month that I put towards other things. [/quote]

That's what the buy buy buy buy crowd doesn't get. A car isn't an asset. It depreciates in value. Let someone else be liable for it while you use up the best part of its life.

[/quote]

I don't understand this. I have a paid-for 2008 minivan. It is an asset. I own it, its worth something, and I drive it around every day.  [/quote]

An asset stores or generates value. Your minivan is worth less and less every day and every mile you drive. A sunk cost. With leasing you could have kept that money free for proper assets.

[b]It takes 9 years of leasing to have spent the same amount of money [/b]as you would have spent buying it outright. 
[/quote]

The minivan allowed PP to go years without having a car payment or lease.

Unless you don’t plan on living more than 9 more years or driving a car after 9 more years then it’s better to buy.  [/quote]

And what did pp end up with? An old car.

There's more to a car than getting from a to b. That's what you're not getting.[/quote]

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