Quote:
Originally Posted by Chocaholic
Guess I'm a chump. I chose to lease my airport car rather than buy. New Honda Accord Sport. 3 year 15k/yr lease at $245/mo. The cash blown on a 5-10 year old junker is saved and more than enough to cover the small lease pmt for 3 yrs. When I land at Hartsfield and go to my car at 11pm, I'm pretty sure it'll get me home without drama and when the warranty runs out I grab a new one.
These are appliances...not where I want to put my money. Just leased a new Civic for my daughter to take to college. Miniscule payment, almost no cash outlay and I don't have to worry about repairs or reliability when she's 4 hours away.
We chumps just don't know what's good for us. Good to have others here that are so much smarter to point out the errors of our ways!
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After I read this I looked into the cost of a lease for my daughter. He university car is getting quite old and now that she is out in the real world with a sales job on the road all the time, I worry about her car.
The cost of a civic lease was only $42.00 per week.
Holy crap! I know there are probably some hidden expenses but I spend at least $25 bucks a week just on coffee!
I never thought to suggest a lease to her. As long as we factor in the mileage during negotiation, it sounds perfect for someone who needs an appliance and can't afford to be without a car.
Thanks!