Moonridge
Well-Known Member
- First Name
- Hayden
- Joined
- Feb 27, 2019
- Threads
- 13
- Messages
- 178
- Reaction score
- 391
- Location
- Cincinnati, Ohio
- Vehicle(s)
- Jeep Gladiator Rubicon, Jeep Compass
- Vehicle Showcase
- 1
The problem is that cars are a depreciating asset, you can put all the money you want in them, but you will never get that money back. Leasing just gives the option to purchase the vehicle for a lower monthly payment and lower cost investment (service, tires, brakes etc.) If you want to purchase and that works for you do it. If leasing makes sense for your lifestyle, do that. At the end of the day you are still investing money into nothing.So lets do some math...Lease for 36 Months (pick a number) some money down (pick a number) You have to guarantee not driving beyond a certain number (pick a number).. if all goes correctly your saying you get to "rent" the vehicle for that time.
At the end of that time ...IF you want to own the vehicle , now you have to take out another loan on the residual, plus the sales tax, for another 3,4 or 5 years.....
Now do the math for 6,7,8 years total ......
You really need some advice from Jay Leno and Suze Orman
https://www.cnbc.com/2017/06/29/jay-leno-and-suze-orman-agree-dont-lease-a-car-buy.html
https://jalopnik.com/the-one-time-jay-leno-was-wrong-about-cars-1790091121
BTW I work for a Billionaire he hates debt and If I leased a vehicle he would fire me....
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