My dad is in the business, so no matter what I do car wise, I do it through him.
Even if you pay outright for a vehicle, it is a major asset that only depreciates, unless you happen to hang on to a car for 30+ years that happens to turn into a classic, and there are good arguments to be made that this will never really happen anymore.
I treat transportation instead as a utility cost. When I lease, I pay less than I would pay for a normal car note, and the end of the line is that I haven't paid $25k with interest for a vehicle that is worth $8k when I'm done paying for it. Instead, I get a brand new vehicle with all the bells and whistles I want for the same lease payment.
I understand the risks of mileage overages and dents, but if you have one of those issues, you haven't found the right lease, or you haven't managed your miles properly. My father will always make sure I am well taken care of as far as not being taken advantage of by a dealer, as I'm working through him. I know how many miles I put on a car per year, and I also have a guy who will fix dents for cheap.
Overall, I would just rather have the newer car than a constantly depreciating hunk of metal.
Even if you pay outright for a vehicle, it is a major asset that only depreciates, unless you happen to hang on to a car for 30+ years that happens to turn into a classic, and there are good arguments to be made that this will never really happen anymore.
I treat transportation instead as a utility cost. When I lease, I pay less than I would pay for a normal car note, and the end of the line is that I haven't paid $25k with interest for a vehicle that is worth $8k when I'm done paying for it. Instead, I get a brand new vehicle with all the bells and whistles I want for the same lease payment.
I understand the risks of mileage overages and dents, but if you have one of those issues, you haven't found the right lease, or you haven't managed your miles properly. My father will always make sure I am well taken care of as far as not being taken advantage of by a dealer, as I'm working through him. I know how many miles I put on a car per year, and I also have a guy who will fix dents for cheap.
Overall, I would just rather have the newer car than a constantly depreciating hunk of metal.
"There remain four irreducible objections to religious faith: that it wholly misrepresents the origins of man and the cosmos, that because of this original error it manages to combine the maximum servility with the maximum of solipsism, that it is both the result and the cause of dangerous sexual repression, and that it is ultimately grounded on wish-thinking." ~Christopher Hitchens, god is not Great
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