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Cars and Transportation
Reply to "BMW or Audi?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband works in finance and almost everyone he works leases. I think they just like the variety? I dont really understand it. I prefer the BMW but both are good choices. [/quote] Because they want to change cars often and show them off, not because that is a wise financial decision. [/quote] I was taught in finance class to lease, assuming you don't want to drive same car for a long time. [/quote] Working in finance or accounting does not always translate into making good [b]personal[/b] financial decisions. For lease versus buy, its better to put up a spreadsheet to compare the costs, there should be online calculators also. Personally, I buy well maintained 6-7 year old used cars w/low mileage (less than 40k miles), get them for 1/3rd of new price (at least pre-covid, market is crazy now) and self maintain cars to keep cost of ownership down. I keep'em until they're approx 15 years old.[/quote]
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