Anonymous wrote:Anonymous wrote:Leasing makes plenty of sense if you dont want to deal with the expenses of fixing up cars when they start going downhill. It also makes sense if you fall in the category of person that knows they will always have to make a car payment, why not lease? You get a brand new car every three years. We will always have to borrow to get a car (at least we have and unless we get suddenly rich) so we prefer leasing bc we just get to exchange for a newer car.
I'm always worried about people who get in the mindset of "you will always have a car payment." Nonsense. I'm not rich, but I've never had a car payment and god willing, never will.
Anonymous wrote:Anonymous wrote:Anonymous wrote:don't lease!! it's a waste of money. buy. cars depreciate over time - you may as well own the car when you've paid for it! bankrate.com has some calculators.
nonsense. you LEASE things that depreciate in value and BUY things that appreciate.
$350/mo *12 * 2 = 8,400. no way you buy 1/3 of a new van with that money.
with that said, don't lease (or buy) new cars. just buy (or lease if you can find a deal) used.
This is not realistic. First of all, a 24 month lease would be more per month than that. Second of all, you are ignoring all of the money due at signing, usually $3-5K.
We don't lease, but we also don't care about driving new cars every 3 years (the length that most leases are.) I have several friends who lease and they SWEAR its a better deal, but I think in reality its the only way they can afford to drive $60K cars, new every 3 years. The monthly payment on that would be double. I don't really know anyone who leases "non-luxury" cars, unless its work related.
Anonymous wrote:Leasing makes plenty of sense if you dont want to deal with the expenses of fixing up cars when they start going downhill. It also makes sense if you fall in the category of person that knows they will always have to make a car payment, why not lease? You get a brand new car every three years. We will always have to borrow to get a car (at least we have and unless we get suddenly rich) so we prefer leasing bc we just get to exchange for a newer car.
Anonymous wrote:Anonymous wrote:don't lease!! it's a waste of money. buy. cars depreciate over time - you may as well own the car when you've paid for it! bankrate.com has some calculators.
nonsense. you LEASE things that depreciate in value and BUY things that appreciate.
$350/mo *12 * 2 = 8,400. no way you buy 1/3 of a new van with that money.
with that said, don't lease (or buy) new cars. just buy (or lease if you can find a deal) used.
Anonymous wrote:don't lease!! it's a waste of money. buy. cars depreciate over time - you may as well own the car when you've paid for it! bankrate.com has some calculators.