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[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]

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]

A bmw.  We had 2k in repairs last year alone.  We've had it taken to different shops too.  It's not like we only went to one dealer.  [/quote]

When I had a Mercedes SUV, I paid way more than $2k a year on repairs and maintenance.  Easily paid double, or triple on a bad year.  I now have a Japanese car that's much cheaper to maintain, but not as nice.[/quote]

I had a BMW X5 on lease (company car) a few cars ago.  I think the lease included repairs, or it had a very long warranty.  That thing was in the shop every two months, thankfully covered by warranty.  The one thing that stuck in my mind in my many trips to the service department was sitting in the waiting room and hearing the service reps come in and walk people through repair estimates.  Seemed like they were always well north of $1K.  Made me decide to never own a BMW.  [/quote]

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