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The Water Cooler
General Discussion
The increased cost of vehicle maintenance
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<blockquote data-quote="JokerofDeath" data-source="post: 4339134" data-attributes="member: 45643"><p>Thats not necessarily true. If your monthly payments are less than the depreciation of the vehicle at the end of your lease, you come out ahead. Ex: the car is worth 50k and in 3 years it depreciates 20k. Now if your lease payments were less than that 20k you come out on top and then if you want you can buy the car for 30k. Better yet if the car is mechanically trash you can turn it in and get a new vehicle. Besides most repairs are under warranty since no one should lease past the warranty period.</p><p></p><p>All leasing is, is betting you’ll be ahead of the market value at the end of the lease term.</p><p></p><p>Now if you’re a commuter and plan on racking up the miles, buying would be a better option.</p></blockquote><p></p>
[QUOTE="JokerofDeath, post: 4339134, member: 45643"] Thats not necessarily true. If your monthly payments are less than the depreciation of the vehicle at the end of your lease, you come out ahead. Ex: the car is worth 50k and in 3 years it depreciates 20k. Now if your lease payments were less than that 20k you come out on top and then if you want you can buy the car for 30k. Better yet if the car is mechanically trash you can turn it in and get a new vehicle. Besides most repairs are under warranty since no one should lease past the warranty period. All leasing is, is betting you’ll be ahead of the market value at the end of the lease term. Now if you’re a commuter and plan on racking up the miles, buying would be a better option. [/QUOTE]
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