Jul 19, 2019
8:55:28am
8:55:28am
My original post was "why do people lease". Because some people prefer "shelling out a ton of money" to have
a new car every 60 months, vs. say buying an older one. I don't know how that is apples/orange?
One could argue that I enjoy "shelling a ton of money" to buy luxury off-road SUVs, V8s to boot, and commute 60 miles per day to work when gas is $3.00/gallon when I could easily purchase an old Honda Civic beater for $1500 and save money at 35mpg.
And that would be a true statement. For me, having the off-road vehicle (which I use) is worth "shelling a ton of money for". I've run the numbers and the maintenance/insurance costs, plus accident risk (wildlife) in my area aren't worth it to me to get a smaller commuter. So I pay a premium.
Same with people who lease. They've run the numbers and they are willing to have that monthly payment for a new car. And in some cases, they come out pretty good for 60 months. But in the meantime you are still paying that $$.
One could argue that I enjoy "shelling a ton of money" to buy luxury off-road SUVs, V8s to boot, and commute 60 miles per day to work when gas is $3.00/gallon when I could easily purchase an old Honda Civic beater for $1500 and save money at 35mpg.
And that would be a true statement. For me, having the off-road vehicle (which I use) is worth "shelling a ton of money for". I've run the numbers and the maintenance/insurance costs, plus accident risk (wildlife) in my area aren't worth it to me to get a smaller commuter. So I pay a premium.
Same with people who lease. They've run the numbers and they are willing to have that monthly payment for a new car. And in some cases, they come out pretty good for 60 months. But in the meantime you are still paying that $$.
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- Bert609
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7/19/19 7:30am
Low payment, new car every 3 years. To some that's worth shelling out a ton of cash for the lack of headache.
7/19/19 7:54am
It's all perspective. I'm paying $280/month for 60 months for a Lexus GX470 with 0-down and at the end of
7/19/19 8:10am
7/19/19 8:21am
You have returned your leases with enough equity to cover the entire lease amount over 60 months? That's incredibly
7/19/19 8:11am
7/19/19 8:26am
7/19/19 9:22am
7/19/19 9:26am