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re: Lease vs. Buy advice

Posted on 6/25/14 at 9:18 am to
Posted by lsurulesall
Dallas
Member since Mar 2010
275 posts
Posted on 6/25/14 at 9:18 am to
If I were you, I would just get the new tires and ride that sucker as long as possible. I had a 1997 4Runner that just gave out on me back in February. It was my grandmother's, and she gave it to me back in high school 7 years ago. After 17 years and over 300k miles on it, it's safe to say that it did its job. I bought a newer used car and plan on riding that thing for at least 10 years. In my mind, it's a "get to work" machine. You will be happy with the money you will save not having to pay a note.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 6/25/14 at 10:26 pm to
quote:

You will be happy with the money you will save not having to pay a note.


With rates as they are these days the note is not really the issue here. The real problem is depreciation.

My main point though is that if the OP is rich enough that he can afford to buy new, that's fine and more power to him, but the lease vs. buy decision isn't very important. If he's worried about saving a couple of thousand depending on whether he leases or buys, then he should just get a new set of tires.
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