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Driving Leased Vehicles Is A Rip-off.
Leasing is throwing away money just like renting. Buying is always the better choice.
 curious  27 May 2008 16:17
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In general, it's better to buy. If you pay cash, it's definitely better to buy. If you keep your car for 4 years or more, buy it. If you want a new car every two years, lease it.
If your boss pays for it, leasing is a good idea !
 
 Garamond  29 May 2008 01:33
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According to statistics.. The cost of renting a vehicle for a year is way more than buying a vehicle for 2 years.
 
 skinnyjean  29 May 2008 01:28
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A lot of people who lease "think" it means they can have a new car every two years without having to buy one. Many people are more concerned with looking rich than whether they can actually afford the car. If people were smart instead of worried about image, they would buy an affordable new or used car and keep it.

Buying a $4000 used car and maintaining it for three years will allow you to save the $400 monthly car payment and buy a new one for cash down the road. In three years, that $400 becomes almost $15000 with interest, and one could buy a new car outright with that much, or at least, make a serious down payment and be eligible for a loan.

On top of that, what's the need for having the latest, fastest, most powerful "it" car? What's wrong with having an affordable and fuel efficient car that isn't the "coolest"? Not to plug a particular car, but I'd rather have a Honda Fit than a Honda Civic. How much of a car do you really need?
 
 K9  28 May 2008 18:22
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Dave Ramsey, an economic genius refers to it as a fleece. You can't do hardly anything to the car, and you can't drive over "X" amount of miles, so if you need a car for only a couple of years, then it is a smarter option, but not for owning.
 
 me1974  28 May 2008 01:55
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They limit the number of miles you can drive each year. Owning gives you more freedom with it.
 
 ur_wrong  27 May 2008 17:43
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Yes. I hate leased vehicles because you cannot pimp them out. Mexican people like to drive leased cars, especially if the lease is not in their name. LOL. I never understood it.
 
 BullDog  27 May 2008 16:23
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 That's so they don't have to buy insurance...
by  stever
 27 May 2008 16:58
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I think they are quite reasonable if you can cut a good deal!
 
 joe9  26 Oct 2008 12:31
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I thing leasing a car is a good idea.
 
 LME  05 Jun 2008 21:25
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No way! I don't want the same old car.I want to keep up grading. They take it back when I am done and then I get a new one with out owing like you do when you want trade it in.
 
 prc1030  29 May 2008 05:29
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You must don't own a business. That's what it was for initially in terms of tax write offs and depreciation write offs. In the past they would not sell it to consumers...but its an easy way to make money for car dealers.
 
 moreno  27 May 2008 16:55
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Works good if you plan on selling every few years. Also buying is not always a better choice unless you wish to remain poor your whole life
 
 thedan  27 May 2008 16:31
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 We are going to be poor with the American economy regardless of what we do.
by  BullDog
 27 May 2008 16:34
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