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Re: Buying the lease vs buy...
Posted by Noel (more from Noel) on Mon, 24 Jul 2006 15:13:49
In Reply to: Buying the lease vs buy..., Mike Lynch 
[Profile/Gallery]
, Mon, 24 Jul 2006 12:22:15
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That's pretty much how I've worked it out. You need a car, how you pay for it is up to you.
I love cars, but don't care about having the latest and greatest. I'm also a tightwad (my wife is worse!) so don't want to spend a lot on cars, or have payments forever. So we by used and run them a long time. Being self-employed with a somewhat variiable income its also nicer for the cash flow, and there are more fun things to do with the cash saved, like build our cabin at the lake. I think in the long run this is cheaper. Some of our more affluent friends take exactly the same approach, even the ones who can drive pretty much anything they want.
Other friends, though, absolutley LOVE leasing. They like not having repairs to think about and always having a new car under warranty. Still others buy and trade every 5 years.
I do like not having payments on our older cars, and as long as repairs are reasonable (less than a new monthly nut) this works.
posted by 24.52.16...
Posts in this Thread:
- 04' 95ARC blue 25000 miles CPO, how much will you pay?, saabcpo, Sat, 22 Jul 2006 19:06:19
- Re: 04' 95ARC blue 25000 miles CPO, how much will you pay?, saabcpo, Sat, 22 Jul 2006 19:09:42
- Aero folks know who they are...., Mike Lynch , Mon, 24 Jul 2006 11:50:57
- Re: 04' 95ARC blue 25000 miles CPO, how much will you pay?, RonL, Sun, 23 Jul 2006 08:54:16
- This will make M. Lynch happy, gerald, Sat, 22 Jul 2006 21:52:51
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