Quote:
Originally posted by on-ramp
Leasing is for people who have an extra $400 a month burning a hole in their pocket PLUS they have a need to drive a brand new car all the time.
For me, leasing is financial suicide.
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Please explain your theory?
If someone wants a new car every 3 years and has no ambition on keeping one, why not lease? Nissan now leases up to 100K miles on the contract.
Leasing is less expensive (monthly) than buying the same new car.
Try this - buy a new car with no money down and finace it for 5 years. Try to trade it at 3 years and see how upside down you are.
Lease it and you trade it in at 3 years and walk away or you can buy out the lease and own it.