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And at the end of thelease, unless the individual either buys the vehicle or leases another, he walks home.
Five years of lease payments: owns nothing.
Five years of loan payments: at least you have some transportation!!
And, the average car, given reasonable care should last reliably between 10 and 12 years, giving the individual 5 to 7 years to save up for a replacement bought with cash. (What a novel idea!!)
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Bob S. former owner of a 1984 silver 944
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