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re: New SUV question
Posted on 1/7/15 at 1:19 pm to Breauxsif
Posted on 1/7/15 at 1:19 pm to Breauxsif
Cars today last longer and hold value better than ever before.
A car certainly isn't worn out at 36,50, or even a 100K. Plus, most basic warranties are in the 4 year/50K range with an OEM 100K warranty being available for only $1200 or so.
The basic problem with leasing is that you will never build equity and you will always have a car note.
Now, there may be legit personal reason(new car every 3 years) or certain business advantages to leasing, but for most buyers, leasing is a far more expensive option than just biting the bullet and financing a car.
A car certainly isn't worn out at 36,50, or even a 100K. Plus, most basic warranties are in the 4 year/50K range with an OEM 100K warranty being available for only $1200 or so.
The basic problem with leasing is that you will never build equity and you will always have a car note.
Now, there may be legit personal reason(new car every 3 years) or certain business advantages to leasing, but for most buyers, leasing is a far more expensive option than just biting the bullet and financing a car.
1
Posted on 1/7/15 at 1:23 pm to VetteGuy
What car brings positive equity nowadays? VetteGuy you may have some inside knowledge, which I'd like to hear about.
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