Quote:
Originally Posted by Bavarian Motorist
On another hand, if you buy a slightly used car, you might only lose several thousands dollars upon trade-in, whereas with a lease, you're guaranteed to lose all of the money you put in, like renting an apartment.
|
I think I know what you are getting it but I wouldn't characterize leasing as losing all your money. Very few cars are an investment. One way or the other you are paying money for the use of a car. I'm leasing my car but I'm obligated to purchase it at the end of the term. Both the interest rate and the residual at the end of the term are good. In fact I'm guessing the car will be worth substantially more that the residual.