Quote:
Originally Posted by topgun1
leasing makes no sense anyway and is a rip off with the mileage charges and the depreciation and the "option to buy out your lease". It only makes sense for companies usually that own fleet vehicles and change them out every couple of years.
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If you drive 10,000-12,00 miles year and keep it for two or 3 years (usually 39 months is the best), you can get a new car in about 3 years and have significantly lower payments and upfront costs. If you are going to keep the car anyway, then I agree it makes no sense.
I have never owned anything longer than about 3 years. I get bored and move on, so for somebody like me it makes a TON of sense. No mileage overage, no additional charges, no acquisition fee (at least until now), it all depends on what you intend to do with the car and how long you want to keep it.....You only pay for the part of the car you want to use, and if you don't go over on miles it can be a great deal.