Date: Mon, 05 May 2003 19:06:34 -0700 From: B&D <NO_SPAMnopsamCOM> Subject: Re: Saab Depreciation: Greater than most?
On 5/5/03 6:12 AM, in article abncbvciuarrvpdj0fdmvprjmgbbohu85snopsamcom, "'nuther Bob" <nonenopsam.nom> wrote: > On Sun, 04 May 2003 09:37:40 -0700, B&D <NO_SPAMnopsamCOM> wrote: > >> How would you be left holding the bag? I know a lot of people that lease >> cars successfully and don't feel burned afterwards. > > You spend a whole lot more with a lease and end up with nothing > (except for perhaps some extra charges) at end-of-lease. The more > expensive the lease, the more you spend. Most folks only look at > the payments today rather than the cost over the lease life and > the alternative (buying). If you lease car after car it will surely build up over a couple of cars. I see. > I'm not saying that people haven't convinced themselves that leases > are good. On the contrary, most of the folks that lease are thrilled > with how much car they can drive for so little. If they looked at > the real numbers in terms of an investment, they'd be disappointed. > (I'm talking individual leases, not business leases). Oh, I see. Yes, leases will cause you to pay more in the long run - mostly that you are buying the most expensive years of a car depreciation-wise. I think it works best when you can tax deduct the lease, or negotiate a good price up front and base lease payments upon it. > But, then again, I'm the sort of fellow who advocates buy 2 or > year off lease cars as it makes much more sense financially. I agree - it sure does. And with cars that have included service, there are fewer problem cars than before that was generally offered. My next car will be bought that way.