Quote:
Originally Posted by LowTEC
Some people probably have 6 grand in the pocket now, and they want a brand new 30k car. So what's the other way around for them?
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Maybe my sarcasm detector isn't working. Finance the purchase.
Other cons:
- Long-term, leasing a car is more expensive than buying. This assumes that the purchased car is kept for at least 5 or so years. The longer the purchased car is kept, the greater the difference paid.
- interest rates for leasing programs are usually higher than comparable finance
- IMO, leasing is often a form of living beyond one's means