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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] In 2005, I bought a 5 year old Camry for 8500. I've had it for 11+!years, and my repairs have been a battery, tires, brakes, and a timing belt. probably something I'm forgetting.

So let's say I'm in for $12.5k and I can sell it for $1.5k. That's $1000 a year I've paid. You guys are spending at least $3600/year leasing, plus whatever your down payment was. Over 11 years that's $40,000+ to my $11k.

Just buy a used Toyota or Honda sedan for under $15k and drive it until it's so old you're embarrassed to be seen in it. 
[/quote]

You can't really compare the two when you are driving a junker, and they are driving new cars every 3 years. [/quote]

This is true.  The Camry analogy was a bad one.  Of course anyone can save money driving a 5 year old car for 11 years.  Doesn't take a genius to figure out that one.  [/quote]

OP's question was: is it cheaper to lease a vehicle or buy second hand? So I laid out the costs of leasing versus buying second hand. Scenario 1: She always drives a new car. Scenario 2: She has an extra $30-40k in her pocket after a decade. In both scenarios, she gets from point A to point B. In scenario 2, she can use the $40k to buy a brand-new car to last her another 10-15 years. No car payment. In scenario 1, she still has a car payment and has to come up with yet anther down payment fro the lease. [/quote]

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