Quote:
Originally Posted by gnet
I see a car as an expense, no different than my cell phone or cable bill. Every three years, I return the car and get a new one. My numbers say i would pay my car in full in 81 months (7 years) if I was using my lease dollars to pay for the actual car. By then, I would have to worry about the car breaking down, out dated gadgets, and usual wear and tear. Instead, I'm paying 1.2% of my car every month for three years, and then return it for a brand new one, which I will continue paying the same 1.2% every month
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Then in 7 years you sell the car and as long you bought a car that is in demand with some luck should be able able to get 50%+ of the original price back. There are also numerous other details to consider, like interest rates, how many miles you drive, etc... leasing is certainly not the right option for everyone...
