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Cars and Transportation
Reply to "Car Lease - 45K car - zero down?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Buy a 2012 used car for about $17k.[/quote] How does this address the issue at all? The point is that there's a higher monthly cost to owning than leasing, and in certain circumstances, that money could better be spent on other things.[/quote] Because in three years you have no more car payment, and you probably won't for five years, and you have a car worth $10k.[/quote] Isn't the standard purchase term five years? Assuming you can reduce it to three, that would make it many times more expensive per month than leasing. The point is that you usually shouldn't buy an investment that won't see returns for 60 months when you have outstanding credit card debt.[/quote]
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