Quote:
Originally Posted by jkp1187
People can't do math?
(Yes, yes, for some people it does make sense....for the majority, I'd argue, it does not.) |
+1.
You can try to rationalize the "benefits" of leasing but at the end of the day you are just spending money on something that isn't yours. No serious financial advisor ever recommends leasing a new car.
Buying new isn't smart either, of course - considering the steep depreciation, but at least you actually own something at the end of the day. I understand why young people think nothing of spending $400 a month forever so long as they are always driving something new - it's just a shame many don't realize the nest egg they could have accumulated with ten years worth of lease payments had it been invested properly.