Originally Posted by cgocifer
Nice Andrew. How do you like leasing? I did it once and said I'd never do it again because it just felt like a waste. Sure, every 3 or so years you get a new car, but it feels like throwing money away because you always end up having to spend 3 or 4 grand on the next lease not to mention any money you spend on mods that you're not supposed to do in the first place. Now, if you purchase the car and keep it for 4 years, you have lots of equity to trade towards the next vehicle. Your thoughts?
i lease because of my profession... this equates to a better deduction for me personally. i have leased for the past 10 years... and i tend to put about 10k on each of our household vehicles.
i normal only put down the basic out of pocket cost (less than 1k) when leasing... another item i really prefer... is to have a warranty through my lease term (3 years). takes the hassle out of additional mechanical expenses (which can be quite costly on a foreign vehicle).
i tend to mod all of my cars to personalizes them... but i keep them simple so only the real enthusiast can pick them out. nearly all of my mods are removable (less window tint & clear bra)... and i resale them for fair market.
leasing works well for me but not most.