Re: **** CARS: LEASE versus BUY ****
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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
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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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