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re: Am I crazy to Lease Vs Buy a new car?
Posted on 12/31/12 at 8:09 am to Ric Flair
Posted on 12/31/12 at 8:09 am to Ric Flair
I understand the smart money play is to hang on to the original car for a longer time period to overcome the immediate depreciation. I drive a 2000 Lexus (13 years old) that I suspect I will drive another several years. Got my money's worth as it has had no major repair work required. Personally, I like to buy right and hang on.
However, assuming one can not cure the "3-year car flu" the current lease deals look promising.
However, assuming one can not cure the "3-year car flu" the current lease deals look promising.
1
Posted on 12/31/12 at 9:33 am to ynlvr
quote:
"3-year car flu"
Probably one of the most financially painful sicknesses an otherwise healthy adult can have.
Might as well lease if you must have a car every three years.
I have two sturdy but unfasionable vehicles with over 100,000 miles (both made by the same company). I haven't had a car note since 2008. My biggest worry is that both will need replacement at the same time.
We are accumulating miles on the 7 year old car faster than the 5 year old car. I expect to have to replace the 7 year old car within a year or two.
This post was edited on 12/31/12 at 9:39 am
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