Quote:
Originally Posted by Zsteve
No car is a good financial decisions unless you can buy those million dollar old cars. But leasing is suppose to be a way of getting more car for less money compared to buying. It used to be leasing was only done on higher end cars but now I see car companies trying to lease $20000 cars. And for people who like a new car every couple of years.
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problem is you own nothing. it's a glorified rental. just like renting vs buying a house. at least with buying a car you actually own some equity in it. not much due to depreciation but still something. also if you buy a car you can keep it a long time after it's paid off and the only expenses will be gas, maintenance, and insurance. with a lease, your monthly payments never come to an end. you lease car after car and your monthly payments keep going on and on as long as you live.