Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19362  
Subject: Re: Leasing a car? Date: 3/14/2013 11:04 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
There is no reason to buy a new car every five years. Cars will run 8 to 10 years with no problems. You might need to replace the battery once.


Leasing for personal use is very expensive. YOu are paying for the first 3 years depreciation, which is the highest (often half the cost of the car).

I kept my Honda Accord for 17 years (1990 Honda). I've had two Buicks I put 220,000 plus miles on .....(in six or seven years).....with minimal problems.

If you only drive 5000-8000 miles a year, a new car should last you 10 years easy.

You still pay all the insurance, depreciation, registration on a leased vehicle. Most cars go 7500 miles now before oil change. There's almost no scheduled maintenance other that rotating tires every 6000-8000 miles when you get your oil changed.

No need to rush out and buy a new car every five years. If you have to have that 'new car' smell, go buy a can of it at the auto parts store. It's a lot cheaper.

Just paying the sales tax on a new car (and you do with a lease) makes you think twice about buying a new car. (6% in TX).....

Even worse, on a leased car, they'll ding you for any teeny weeny dent or scratch on the car...... which you probably wouldn't fix yourself if not too bad.....any chip in the paint...you'll pay on a leased car....any 'wear' on the seat or armrest.....any 'spot' on the seat.....
any chip in the windshield......

If you buy a used car...you really never know what you are getting......it might be a time bomb waiting to go off...or you might
get a nice lovely car that runs another 250,000 miles.


t.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement