Car Leasing Question...

Buying new is ok if you plan to drive the car forever or until the wheels fall off - whichever comes first.

 

I do that. My honda accord had over 200K miles on it when I traded it in. I plan to do that with this jeep as well.

 

Another thing that will take you a long way....


"Never finance a depreciating asset."

 

that's an even better point.

the finance office won't handle it over the phone, much less deal with me. Said that we need to head up to the dealership. Blech!!! Now, I know what i'm doing Saturday afternoon. Would rather be home watching football.

 

but 90% of the country doesn't have enough cash to buy cars outright.

 

Leasing has been a great option for the wife and I for her car. She gets a brand new ride every 4 years and our monthly payment is a few hundred dollars less a month than financing the thing outright.

We are on our 3rd leased vehicle. In December, will take our old Sienna in pay the $250 fee and get into a brand new (Like Larry D's) one for not much more than we are paying now and a hell of a lot less than what a car payment would be say with only a thousand or so down.

Moral of the story? If you know, you don't have the will power to keep a car after its paid off and your getting a new car every 3-4 years anyway, leasing is the most cost effective way to do it. As far as the mileage concern, we have always negotiated 15,000 a year for no additional cost vs the 12,000.