Reply to Is it ever a good idea to pay full price for a car up front?

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[quote=Anonymous][quote=Anonymous]“Financing” the car to get an additional discount and then immediately paying off the loan, as many of us have done, does not count as taking a car loan the way most people see it. So obviously in that case it’s just a means to an additional discount, like using a coupon.

I’ve never liked the option of leasing as public policy. It leads to overspending/overextending and also the makes people appear wealthier than they are, exacerbating the conspicuous consumption problem we have. Because it’s “cheaper” (per month) than buying, people get a more expensive car than they could afford to finance. But the problem is that they are now locked into this payment forever, because at the end of the lease they are forced to lease a new car, whereas at the end of the loan you own the car and can keep driving it for a long time.

Some very high income people will come on here claiming leasing is cheaper if you want a new car often. This still isn’t true but it matters less because they are wasting money they can afford to waste. [/quote]

How is leasing more expensive than selling your 2-4 year old car? [/quote]

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