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re: Never leased a car before
Posted on 10/17/18 at 7:29 pm to Tiger Attorney
Posted on 10/17/18 at 7:29 pm to Tiger Attorney
quote:
Thoughts on leasing?
I financed my current car at 1% APR and it has a note of about $400/month for five years. It will have a note of $0/month for probably a good ten years after that.
Leasing is terrible financially. Sure, you get to drive a nearly-new car around for awhile but those first three years are the most expensive for a car due to depreciation.
If you have money to burn though and having a new car is that important to you, it's your money.
1
Posted on 10/17/18 at 8:25 pm to foshizzle
quote:
I financed my current car at 1% APR and it has a note of about $400/month for five years. It will have a note of $0/month for probably a good ten years after that.
That's pretty similar to a car loan that I had a few years ago. I got 5 more years out of it after paying it off. I still have the car but it's in my garage not being used right now.
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