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Reply to "Luxury SUVs - any to avoid"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Luxury cars are meant to be leased even in today’s much changed leasing market with money factor snd residual. Costs of repair after 3 years can be daunting with the myriad electronic systems/sensors, adjustable suspensions, and the like. [/quote] I thought leasing was an unwise financial decision?[/quote] Cars lose their value the minute you drive them off the lot. I think that the notion that leasing is an unwise financial decision is rooted in the 1950s way of thinking about cars--that you buy one for the investment of owning a car for the life of the car. Cars a disposable these days. Drive it for a few years and then turn it in for a new one. Otherwise, the money you think you're saving on a lease will be spent on mechanical repairs and other things you'll need to do to maintain the upkeep of the car. Personally, I'd rather have a new model every few years. [/quote] My 2019 SUV has gained value since I bought it. Many others can say the same. [/quote] Looking forward to the next edition of SUVs As A NonDepreciating Investment For Dummies [/quote] Are you not watching the used car market? [/quote]
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