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Reply to "Leasing VS Buying"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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] Most leases do not include maintenance costs. You'll be under warranty for most of a lease, but you'll still pay day to day maintenance. [/quote] But how much maintenance should the car require? [/quote] With a Hobda, very little. But watch out for dealer service departments....[/quote] So you have to pay to service the car?[/quote] YES. You have to pay for Oil Changes, tires, breaks, any damage to the car. They expect the car to be in 100% functional condition upon return. Some leases allow some low threshold of required work. In my case, I had a 2012 VW Golf TDI I turned in last fall. It got ugly -- it was right after dieselgate broke. Car had no damage, was under mileage. All maintenance. But, I had replaced the tired with non-oem tires; the tires were the same size, and same quality, but different. They did not want to take the car back. Frankly, they did not want the car back. In the end, I ended up paying for new breaks ($600), and they took the car. [/quote]
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