For sure. I don't think leasing is always cheapest, even in the situation which you just mentioned where you sell before the warranty is up. I just value the removal of risk and the lower payment enough to think leasing is worth it (for me, haha).
Right, but that statement is true is it not? If you have held onto a car from day one to the day it's scrap, isn't that the the fully cycle of depreciation?
Never said buying was a total waste of money. In fact, I've done it before and will do it again on my secondary fun vehicle. I've hinted many times that this is subjective - I don't think I can say "to me" again. Didn't say no eating out, said that I don't want a random $1500 repair to have to deal with at any given…
Ah, nice car. I drove one of those once - loved it. Definitely does depend on the vehicle.
Well, maybe it's because we don't have a magical unicorn that shits money. Then a $1500 bill certainly wouldn't impact my dinner plans., either.
1. I don't put money down on leases.
Yeah, that would be why I said "to me."
If you keep your car until it goes to the junkyard, you just paid the entire depreciation cycle yourself. You car went from X amount of money to scrap.
I'm not sure I understand your point - of course you only pay it when you buy and sell. If you keep it forever until the car is a total write off maybe you don't have that "hit" in terms of paying off the loan, but you still paid the depreciation.
I get into this argument a lot on this website.
There has never been a more appropriate time for the Ron Paul it's happening gif and I can't post it. Die Kinja. Die.
I get what you're saying. Maybe since I'm younger the lease makes the most sense to me. I wanted to buy a used car but I was worried about warranties - and like you said, the previous drivers. I was comparing a used CPO x5 and my jeep side by side. The x5 was going to cost more each month and if say the iDrive went…
Thanks, I'm sure me and 27% of America will live happily in our slavery.
Right - the problem is a lot of people here don't quite get security for an obligation vs. ownership. If you're looking at title in hand ownership, then financing a car or leasing is not "ownership," but I fail to see how that is relevant at all here.
No, you probably do not. But you are also driving 5,655 miles a year, which is not quite normal.
Leasing, by definition, is not a never ending payment. It very much so ends.
"who cares if it's new, it isn't paid for." Yeah buddy, you pay that horrible depreciation! way to go!
WAIT. Someone on Jalopnik who also understands leasing!?