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Originally Posted by Peaches
I paid cash for my Wrangler just because I plan on keeping it forever and I wanted to know if worse came to worse in my personal finances, I had a car with no payment to worry about. 
But normally I lease. I want a new "every day" car every 3 or so years and leasing has always worked out best for me. I leased a Cherokee when I bought the Wrangler. I love them both but they are 100% polar opposite cars  |
Even with low insterest rates, Sherm is forgetting that you are paying extra $1000's for a car that IS DEPRECIATING. Which is why I pay cash or pay most of it off and then quickly pay the rest.
Why pay an extra $100 a month or more on a depreciating asset?