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Old 12-04-2012, 08:20 PM   #18
tvguy
Sailed on:The Mermoz, Norway, Nordic Prince, Sovereign of the Seas, Amsterdam, Magic & Pride of America
 
Join Date: Dec 2003
Location: Carmichael, California
Posts: 17,624

Quote:
Originally Posted by BlovesC View Post
I'm definitely starting to feel that way too. My last two cars I purchased new, but I'm already looking into a lease for next time. The car I'm driving now I paid for in cash when I bought it, which was a huge mistake for many reasons, but mostly because I wound up hating it. It's only a few years old but barely worth half what I paid for it. I really have no desire to throw money away like that again. If I had leased the car, I could have gone right back and negotiated into a different model.
This kind of is what I don't get about leasing. With a lease you are paying owner for the depreciation on the car, the interest on loan that whoever is leasing the car to you is paying, and profit to the leasing company. And generally there is an early termination fee. There is no free lunch. At least if I buy the car, at the end of the payments I have something, and with modern cars, you likely will be able to go 10 years without major repairs.
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