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Just curious if anyone thought of leasing rather than purchasing the elise.
What are the pros and cons of leasing versus purchasing?
Discuss.
What are the pros and cons of leasing versus purchasing?
Discuss.
The biggest argument I've heard against leasing is the interest. You're paying only the depreciation, not the value of the car - meaning, the effective loan balance will be greater (after three years, you still 'owe' maybe 50% of the value of the car, versus owning it outright if you had purchased it instead). What this means is, you would end up paying more in interest than someone who purchased the car. Also, keep in mind not only the mileage limits of a lease, but the condition the car must be in when you return it at the end of your term - will all paint chips need to be repaired?Modern Wedgie said:But why is it not a wise financial decision? I always hear this, but never understood why.
And yes, looking for write-off
You do not have to lease through your dealer. You can lease almost anything from a leasing company. I have leased software.ROCKCENTER said:this is a pointless conversation, as there is no option to lease the car here in the USA...