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Old 05-05-2008, 06:40 PM   #10
EllwynX


 
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Drives: 2010 Camaro SS
Join Date: May 2006
Location: Southern NJ
Posts: 2,260
Quote:
Originally Posted by CamaroSpike23 View Post
why lease? waste of money IMHO
That really depends on how long you plan on keeping the car.

If you buy a car, but still trade it in on a new one every 3 years or so, you likely don't have much (if any) equity in it anyway. Unless, or course, you put large down payments. Something I usually do not. So you're left with the balance on the old car that has to be financed onto the new one. You're constantly losing money.

With a lease you pay for 3 years (or whatever your term is) then give the car back free and clear. (Unless you're rough on it, in which case you shouldn't be leasing.)

For someone like me who likes a new car every 3 years leasing is a very reasonable option. I've never leased, and I'm not likely to lease the Camaro, but leasing interests me greatly.

I actually planned to lease my next vehicle. That was before the option of getting the Camaro came up. If not for the Camaro I'd probably be driving a leased Dodge Avenger right now. As it stands I'm keeping a car for another year that I hate driving.
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