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Originally Posted by Peaches
If it's a car I know I'm going to want to replace in a few years, I lease. But if I know I'm going to keep it, I'll buy. For instance, I just bought a Jeep Wrangler, but leased a Cherokee. I PLAN on having the Wrangler forever.
Cars have too many new cool things come out on them for me to be happy keeping a main driver more than a few years and I've only made money ONCE on a car I bought and I swear I think that was a fluke.
Honestly, I've heard the current hybrids are going to be a bitch for maintenance - leasing seems like the best option, IMO as I think the resale value will be crappy in a year.
Why not lease it for 2 years? Lower payments and you can drop it off in 24 months.
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Leasing it for 2 years would be $1,553/mo, vs. the much more apealing 4 year lease for $1,084/mo lol. Also a 4, 5, and 6 finance will cost $1,602/mo, $1,391/mo, and $1,209/mo respectively.
I guess I just love the idea of purchasing because then I am never STUCK with the car. But a short-term lease doesn't seem very cost effective.