Quote:
Originally Posted by pyroguy
First of all, and I'm not beating you up about it just stating, leasing a car is the most expensive way to own a car. If you plan on buying a car that you're thinking about leasing, either save up a little more if you can't afford the payments, or don't buy the car.
That being said, you are talking about the resale of your car if you buy it. First off, cars aren't investments. At least they're not good investments because 99.999999999% of the time they go down in value immediately. (The only exception I can think of is the early 00's Ford GT.) If you want to own your car to enjoy then buy it. If you're getting tired of it then turn it in and get another car.
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Not sure that "owning" a car is the smartest way to go these days. A lot to consider when buying to keep a long time. Yes, buy if you are going to drive more than the 12,000 miles they usually allow per year. But if you can keep it under, you then let someone else take the depreciation hit that you would incur if you bought. Not to mention tires, brakes, etc., that you can forget about when leasing. By time the average buyer pays off a 5 year loan, which averages about $300 or more a month, the car is usually ready for some serious maintenance, ie., lots of money to repair. Plus, as more cars contain computers for climate control, music, etc., the repair costs begins to really go through the roof. There's positives and negatives for both ways, no doubt, but don't immediately right off leasing as the most expensive option.