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Old 03-27-2006, 10:48 PM
Mr. Zero Mr. Zero is offline
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Join Date: Mar 2005
Location: HoHoKam
Posts: 122
Default Re: **** CARS: LEASE versus BUY ****

[ QUOTE ]
I soon will be in the market for a new car...I'm looking for something nice but not looking to spend lots of $$ on DP and maintenance.

would leasing be a better option for me?

I guess there are good arguments for both...

please convince me

[/ QUOTE ]

It sounds like leasing would be better for you. Leasing allows you to purchase more car than you could otherwise afford. Basically, with a lease, all you're paying for is the part of the car that you use. Buying, you pay for the whole thing - and over a pretty short period of time (5 years is standard). Plus, by leasing you get (1) a new car every 2-4 years that won't break down and (2) is still covered by its warranty. I like the cost certainty at this point in my life.

Cars are sinkholes. The only way to really get a good value is to buy and drive it forever. Since I can't afford to buy something now I want to drive for 10 years, I leased.

Hope that helps.

PS - as someone mentioned, edmunds.com is your friend.
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