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Old 10-07-2011, 12:58 AM   #8
Bungleau
40th Level Warrior
 

Join Date: October 29, 2001
Location: Western Wilds of Michigan
Posts: 11,752
Default Re: New Automobile, lease or purchase?

When leases first came out, they were great for consumers. Get a great vehicle for very little, and the dealer was stuck holding the loss on the vehicle.

Times have changed, dealers realized that they were losing money (and how), and they've changed. They no longer lose money. You no longer get the same great deal as before. In fact, it will work out to a wash, if you're lucky, or you simply paying the same as you would for a car.

Don't know what they're going to charge you, but assume it's $500 per month for simple math. That's $6k per year... $12k for two years. Buy a $6k used car, earmark the other $6k for repairs and such, and you'll come out ahead.

Thinking that you'll make money on this arrangement is like thinking you can keep the dirty and nasty stuff on the internet hidden from teenagers. Ain't gonna happen.
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