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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is it stupid to lease a depreciating asset?[/quote]

You people saying it is "stupid" to lease cars -

You are uninformed and not doing the reading of the posts or the math described.  Leasing is simply a financial mechanism, it has no inherent qualities beyond the deal itself.

As a PP wrote earlier, it depends on the depreciation of the asset (the car).  It depends on the lease term.  It depends on how many miles you drive.  It depends on how long the car lasts.  It depends on how much maintenance costs are when you "drive it into the ground". It depends on the money factor of the lease.  It depends on the financing terms to buy.  It depends on the opportunity costs of the capital if you pay cash.

"But those are too many details to figure out!" you will cry.  And I agree.  But if you are too lazy to do it stop saying "leasing is stupid".  Because that is stupid.

Yes, buying a Kia and keeping it until it dies is likely cheaper than a new BMW lease every two years.  But that has nothing to do with it being a lease vs. a purchase.[/quote]

LOL you do you?[/quote]

Is that internet for "I got nothin'"?[/quote]

No, I don’t care [/quote]

Then why did you post?  That communicates the opposite idea.

How about we post on OPs topic, and not some silly useless banter?  What useful thing do you have to say about the content of the post your replied to?[/quote]

I posted because op asked. I didn’t banter. I simply answered OP’s question - is it stupid? Yes it is!!![/quote]

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