Texas/New Mexico Stateline | Galaxie64 - 9/19/2014 07:48
usually they want $3K-$5K down which is just money you gave away for the privilege of leasing a vehicle.
Prepaid depreciation. Dealership wants to get ahead of that depreciation cliff that is just outside the parking lot.
Leasing and car payments are for people who's life revolves around wanting new cars, and new bells and whistles.
Personally, vehicles are just a 100% drain on my financial growth, so I want to drive as cheap as I can. And a lease or payments on new is NOT the cheapest way to own a vehicle. Per mile. I don't care how cheap you can "rent" a vehicle, it is still more expensive than buying a nice used one with cash and driving the wheels off.
We have traded our worn out used vehicles for other nice used ones for well under $.05 a mile including repairs and depreciation. |
Why lease a vehicle?
