Quote:
Originally posted by ThrashersFan
To be honest, I never understood car leasing -- blame it on my desire to own things but I just can't get comfortable with renting a car. Post 9/11, with the new car interest rates hovering around 0%, I don't know why anyone would lease rather than buy. I got a $40k car at 0.9%, will pay less than $1,000 interest over 4 years and have something of value at the end that I can drive for another 5+ years for "free" and still be able to make a few grand in resale or trade-in.
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There are valid reasons for people to lease. For example my mom lives somewhere that she needs a 4 wheel drive vehicle. Anything less is not an option. And she doesn't have the money to buy one and keep replacing it every 3-4 years. So her choice is to own a old, decripit car that will require loads of repair expense or lease a new one every 3 years. I'm very happy she chose to lease. I no longer have to worry about her breaking down in a 10 year old piece of shit Jeep in the middle of winter. And I wasn't counting on the vehicle value as part of my inheritance anyway.
That said, I own my car. And it's paid off. Hate car payments.
