* Leasing a car is really stupid financially. Use your common sense. When the car company spends a small fortune on advertising trying to get you to do it, and it's hugely profitable for them, how can you possibly come out ahead? Don't be stupid.
(now to confirm, i just need krazykats to point out that you avoid taking it on the chin with depreciation, as if when you return the car, chrysler financial is just completely stunned that the thing has dropped in value).
Nope. I am pretty sure I'm in line with buying used to save on depriciation.
When I had to buy my work truck I shopped for weeks. Of course the lass was looking at 30K trucks for me to destroy as I haul small loads of lumber, windows, doors etc and she wasn't happy at all when I settled for a 2007 Chevy Silverado for $5500 from an individual instead of a dealership.
To add to her frustration/confusion when I went to the bank to have the title notarized they offered me a 3yr/36K mile warranty if I'd finance it.......so I did that and paid it off on the first payment anyway.
-I could never understand leasing. I guess of course as Anth mentioned for small business it could make sense, but to me even then I'd buy an asset and take the depriciation on my books at an accelerated rate for tax purposes.
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