Quote:
Originally posted by Puft Daddy
Just to make sure I have this straight, Timmy says 'you should only be allowed to walk'?
P (lives in the land of sprawl where that's not really an option, don't know about the original poster) D
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I think Timmy means you should buy something that you can afford rather than trying to lease something that would be beyond your means if you had to buy it and at the end of the lease you have nothing to show for it.
To be honest, I never understood car leasing -- blame it on my desire to own things but I just can't get comfortable with renting a car. Post 9/11, with the new car interest rates hovering around 0%, I don't know why anyone would lease rather than buy. I got a $40k car at 0.9%, will pay less than $1,000 interest over 4 years and have something of value at the end that I can drive for another 5+ years for "free" and still be able to make a few grand in resale or trade-in.
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