What exactly is the point of car leasing if you never own it ... - Reddit

He never said cars contribute positively to net worth. He simply pointed out that leasing gives you no resale value, which would cushion your net worth when you dispose of your car. My car …

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Is Leasing A Very Cheap Car A Bad Idea Still? : Personalfinance

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At the end of those three years, you will have eaten the expensive part of the depreciation curve (about the same as the cost of the lease) which means the car will have cost you about $20k …

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My Experience With Leasing, And Why It Is A Bad Idea

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As an analogous example, let's say you buy a car on a 72-month loan at 2.9% APR. At the end of 2 years, you decide the car is not for you, and you find someone to buy the car off of you for …

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FAQs about What exactly is the point of car leasing if you never own it ... - Reddit Coupon?

Should you lease a car?

For everyone else, leasing a car should be considered a luxury. Lease a car if you simply love driving a new car every three years and the cost is worth it to you. As long as you’re aware, it’s fine to make a conscious decision to spend more on your cars than might be necessary. ...

What happens if you lease a car?

When you lease a car, you’re paying to drive a new vehicle — not to own it. A car lease is a popular type of auto financing that allows you to “rent” a car from a dealership for a certain length of time and amount of miles. You’ll typically make monthly lease payments on a vehicle, and in exchange the dealer allows you to drive it. ...

Is leasing a car a good idea?

There is absolutely nothing wrong with leasing on its own - it's just a method of financing. The reason people are against car leasing is because of WHAT you are financing, namely a depreciating asset during its absolute highest depreciating years (the first 2-3 years). Leasing a car should be treated as a luxury. ...

What is the difference between buying a car and a lease?

Buying a car means that you own the vehicle once your payments have been made. A lease is an agreement to use a vehicle, new or used, for a certain number of months and miles. Choosing whether to buy a car or lease can be an important financial decision. ...

What should I know before leasing a car?

Before leasing any vehicle, review the vehicle lease document and terms clearly to determine if you’ll be able to afford the payments into the future and if it’s the right deal for you. You should also ask if the vehicle is equipped with a device that shuts down the ignition if you miss a lease payment or a GPS location device. ...

What are the disadvantages of leasing a car?

The main disadvantage of leasing a car is that you never own it. You don’t build equity in the vehicle as you make lease payments. Lease terms can be anywhere from two to five years. A lease can be ended early, though early termination typically involves a cancellation fee. ...