Quote:
Originally Posted by unit
man, do you always want a car payment for the rest of your life? i bought a new car last year and i plan to keep it for 10 years easily.
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There are cases where always leasing/financing cars can make more financial sense that some people might not take into account.
Some cars, even relatively common brands can have crazy maintenance fees because their parts are just crazy expensive/labor or interval-intensive.
It's generally a good idea (when you are comparing different model of cars) to ask for the full cost breakdown according to the service schedule.
I've heard some horror stories that each maintenance (once passing 100k) are always in high 3, and often 4figures territory for basic luxury cars if one follows the stealership service schedule. Which get to a point I think it makes more sense to buy a new car that needs nothing than spending that amount every 6mth with no guarantee that it isn't going to break down at some point.
In the end, don't let the "usual idea" control your decisions when it comes to finance, be it buying a car, a house or whatever.
Crunch your numbers and see how they fit into your situations. Always add in costs like downtime and opportunity cost into the factor. Depending on one's situation... the usual idea of driving a car down to dust might not be the best financially sound advise everyone can take on.