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Out of context: Reply #73258

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    Is leasing a car, a bad idea?

    • Good idea.monospaced
    • Bad idea
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    • most expensive way to get a car.capn_ron
    • It's cheaper, actually. No down payment, monthly payments are lower than if you purchase, and in the end you can buy your own used car.monospaced
    • I did that with my current car and if I had purchased instead of leased, I would have paid more every month for the same thing.monospaced
    • A good idea with bad intentions.utopian
    • Buy Bitcoin, borrow against it to pay for car... profit.shapesalad
    • If you are a business, I think you can write off 100% of a lease payment. You have to depreciate a purchase over X years. So there's that.monNom
    • Are you a freelancer/DBA/S-COR... Full tax deduction.ArmandoEstrada
    • I think you always must pay more for a lease than to buy outright. Plus a lease has all sorts of mileage limitations and mandatory services that you must domonNom
    • Case in point: my sister leased a car for 5 years, drove way over the allowed mileage and her buyout was close to the purchase price of the car when new.monNom
    • depends on your circumstances, the purpose of the vehicle and whether or not you have the self control to not beat the shit out of a car over 5 yearsPonyBoy
    • With rising inflation buying a car is a good decision. You car is an asset that will depreciate much less today than yesteryear.hotroddy
    • i haven't had a car payment since 2000GuyFawkes
    • <this. Sort of. Used cars have gotten way more expensive. I suspect new car prices are rising too, so expect to pay up.monNom
    • what ponyboy said. you got kids? they'll puke in the seatscherub
    • Terrible for the environment.i_monk
    • it's a trap!stoplying
    • Why is it worse for the environment than buying?CyBrainX
    • Driving is terrible for the environment.i_monk
    • A personal steam locomotive is much worse.monNom
    • mono is rightcanoe
    • Been carless for 6 years and never going back!sarahfailin

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