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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$350k HHI, drive a two year old Sienna paid with cash. Second car is a leased Audi provided by spouse's company.

Keep in mind that a lot of luxury brands lease started leasing their cars for relatively "low" monthly payments several years ago because leasing it is such a huge money maker for them. For example, you can get a 3 series on lease for $300-400/month. I think it is very unwise to do so, but I also think that many people do it anyway. So a lot of the expensive cars you see may just be leased. [/quote]

But... lease vs. buy is an equivalent monthly payment assuming the same length of ownership. So really what you're saying is don't buy new cars too often? Or are you another DCUM poster who doesn't understand finance[/quote]

Well, at the end of the lease, you either have to 1) give it back, and thus have nothing to show for all those payments, and also potentially have to pay fees such as excess mileage and wear and tear or 2) purchase it off lease, in which case you are typically paying more to purchase a 2 or 3 year old car than you would if you had just bought a 2 or 3 year old car in the first place.

Buying in cash is the way to go. That's why car dealers hate it when you pay cash. [/quote]

Okay, so you ARE another DCUM poster who doesn't understand finance. The cost to drive a car on a 3 year lease is the same cost to buy a car cash and then sell it three years later, give or take a few bucks.[/quote]

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