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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are also debating leasing vs buying.  We own our car outright and the dealership said we should expect 2-3k a year in repair costs.

We could lease a new 3 series for 3k down and 300 a month.  So for around 1,500 more a year we could drive a new car and not face any repairs or maintenance costs.

I understand how some think buying is better financially but at the end of the day it seems both options suck.  When you buy you're investing in a depreciating object.  You face repairs on a car, especially the older it is.  When you lease you're just renting a car but avoiding the maintenance costs.

I'm at a loss as to what to do.  [/quote]

What year is your Ferrari? Seriously, what normal car has 2-3k a year in expenses, that dealer is fleecing you. I have an older BMW and even that doesn't go past $1200 a year on its worst years. [/quote]
+1.  Seems like the sales guy did a great job of convincing people that leasing is better because of "repair cost" of owning a car.  but I guess they also fail to talk about the MANY years of no car payments (few maintenance bills) which is still better financially than a living with a car note for the rest of your life.[/quote]

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