re: New SUV question

quote:

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Depreciation on a fixed asset over useful life in years. You see, I don't mind have a payment, because I choose to have a new car every couple years.

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Then leasing is perfect for you. You understand why you're doing it...all that matters.

quote:

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If you're leasing a car that's in the $60-100K range leasing is the only way to go without absorbing depreciation.

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OP isn't spending that much, and also isn't financing. So then it comes down to how good a deal can be negotiated on the asking price to mitigate the initial depreciation hit. On an American truck/SUV, leasing is pretty much never the answer because of the deep discount off sticker price you can get.

The truck Coach is asking me about, I bought new for $29,300. I traded it in 2 years and 30k miles later for $26,000. Factor in the sales tax on the original purchase, it cost me about $3000 a year, or less than $250/month to drive that truck. A lease payment would have been more than that, and I'd have had milage restrictions, deposits and down payments, etc. Leasing wouldn't have made any sense.