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I've always leased cars. Bought my last 3. One I did OK on because it didn't lose a ton of appreciation. One was totaled after a year and depreciated so much gap insurance had to kick in about $5K. The third one is 3+ years old and has depreciated so much I can't sell it for what I owe on it even though it's a 0% loan.
Leasing has always worked out better for me because I want a new car every 3 years.
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