Car payments
Car payments
Out of context: Reply #29
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There is no equity in a lease, but you aren't gaining any equity in buying a car either. It's not a house, it's a car and it is a rapidly depreciating asset. Period. By the time you pay it off in 5 years how much have you put into it (with intrest) and how much is it worth? You can't think of it as an investment, unless you are buying it to get laid. If that's the case then it is a good investment.