Originally Posted by ben47
Getting off topic here.
Who wants car payments for every month for the rest of their life? Buy one, pay it off, drive it a few more years (without having to worry about mileage restrictions) and then buy another. Out of warranty, who cares? On average, how many cars have "big time" warranty issues until a vehicle starts getting WAY up there in age/mileage? Not all that many. There will always be normal wear and tear issues, that's just part of owning a machine.
Anyway, to each their own.
Well everyone is different, in my case i will always have a car payment because i like to have brand new cars "the latest greatest sexay thing on the market" every 3 years or so. Not to mention i wont pay for any repairs OR depreciation on my purchases. I will just use it up for all the good parts and let the leasor "bank or chrysler" sort out the cost of it in 3 years. And you can always buy your car after your lease, you can NEVER lease your car after you buy it.
You can also negotiate your buyout at the lease end if you want to buy it.
*screams in the Fire Marshall Bill Voice*
LEMME SHOW YOU SOMETHING!
2005 coupe limited 6spd Blaze Red
~$35,240
minus ~$9,700 total cap cost reduction, all discounts rebates, old age conquest cash, employee pricing, 5 star discount.
= $25,540
39 mo. lease 39k miles
NO money down, NO first payment, NO security deposit NOTHING, not even tax
= $324/mo.
Interest rate for this special case crossfire *one month special at the time*
= 0.001
Total interest accumulated on the lease is about
~ $16.00
Buyout in 39 months is ONLY
$15,600 I will probably buy it at that cus that is a killer deal for this car in 3 years
So. Basically i'm paying $12,636 over the course of 3 years to drive a $35,000 dollar car
and i can walk away from it if by chance my needs change "like having kids".
LEASING gives you options, I would never buy anything that depreciates like a car. Bad investment
Buy houses, lease cars.
This of course is a special case, I don't think anyone got this kind of deal. It is surely not the norm. I'm not gloating, I work for DC, I exploit all of the incentives.
But now you all can see why I lease this car.