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Reply to "Is i stupid to lease cars?"
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[quote=Anonymous][quote=Anonymous]I don’t think it’s necessarily stupid, but I don’t think it’s a great idea if you’re trying to build wealth. It depends on financial goals and where you are in life. Most people are leasing because it’s a lower monthly payment and easier to afford. The problem is that the payment never ends as you move from one lease to another. You never get rid of having a car payment. When I look to buy a car, the dealership always pushes a lease which I assume means it’s a better deal for them. Most people I know leasing cars aren’t savers. They are the families with large mortgages, spending most of their take home pay, and spending the full amount they can afford via monthly payments. [/quote] +1 People who lease usually have no clue what they are actually paying for and can't manage to compare the costs of owning vs leasing. It's all about fronting. [/quote]
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