Quote:
Originally Posted by TuckerMinIdaho
This. I personally lease just because I don't want to be on the hook for repairs on a used POS. Been there, done that enough in my youth. I drive an Optima. Good car, and if it breaks in my 3 years other than routine maintenance wise, I'm golden. Most cars aren't worth dick after you've paid on them for 4 years unless they are collectible, which usually aren't daily driver type vehicles anyways. As long as you aren't heavily modifying the vehicle (also dumb **** I did when I was young) then it really is a no nonsense approach to having a comfortable car. I don't understand the appeal of buying used anymore really.
If you have the money, and want to drive a new car every few years, I understand wanting to lease.
However..
1) You ALWAYS have a car payment.
2) Ridiculous mile restrictions..usually around 12,000 miles per year, and big overage charges.
3) Every little ding or scratch you need to repair when your lease is up.
I used to lease, but ran the numbers and I find it is better just to buy a new car every 3-5 years, and sell the old one. My last two cars were new, fully-loaded, Honda Accords and the resale value is very high on these..buy for 30K, put about 100,000 miles on them and in a few years sell for 15-20K..