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iamwiz82 · 03-03-08, 11:23

IMHO, it depends on the car and the deal you are getting. I don't prefer one over the other. Currently two of my cars are leases and one is a purchase.

My last car was a purchase that I picked up brand new and ended up selling it for more than I paid after 6 months of ownership.

My current toy is a lease that I got for a song. I'm paying a total of 3% depreciation on it over the course of two years. If I had financed it for 4 years the price would have literally been 2.5x as much. So I can sock that money away for the future.

03-03-08, 11:23	#43 (permalink)
iamwiz82 Registered User iamwiz82 is offline Join Date: Jan 2008 Posts: 36	Re: Leasing vs. Owning IMHO, it depends on the car and the deal you are getting. I don't prefer one over the other. Currently two of my cars are leases and one is a purchase. My last car was a purchase that I picked up brand new and ended up selling it for more than I paid after 6 months of ownership. My current toy is a lease that I got for a song. I'm paying a total of 3% depreciation on it over the course of two years. If I had financed it for 4 years the price would have literally been 2.5x as much. So I can sock that money away for the future.