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][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]

What you’re not getting is that I’d rather invest the amount equal to a lease payment for a number of years and drive an older car.  When you lease you do NOT have that option.  You’re forced to continue your payment and if you want another car, you have to fork over cash and continue with more lease payments.

I can decide to continue driving my older car to save money.  You can’t do that. [/quote]

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