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Buying vs. Leasing
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<blockquote data-quote="pluckem" data-source="post: 163294" data-attributes="member: 843"><p>What the "better deal" is depends on the individual and how they manage finances. </p><p></p><p>If you have the mindset, view, or past history that you will always have a car payment (trade in for new one every 2-4 years) then its easy to compare the lease vs buy because its more apples to apples.</p><p></p><p>If you want to compare what the best deal is on paper, go buy your vehicle, finance it for 0-1.5% and drive it into the ground. That should give you 5 years of payments and then 5-10 years of ownership with no payments.</p><p></p><p>Personally I seem to like the 10 year plans. Depending on driving habits a 10 year old vehicle still has some life in it and should still be reliable so resale should be decent, especially on a 4x4 crew cab pickup. After 10 years Ill feel like I got my money out of it and made the most out of the bad "investment" of a vehicle.</p></blockquote><p></p>
[QUOTE="pluckem, post: 163294, member: 843"] What the "better deal" is depends on the individual and how they manage finances. If you have the mindset, view, or past history that you will always have a car payment (trade in for new one every 2-4 years) then its easy to compare the lease vs buy because its more apples to apples. If you want to compare what the best deal is on paper, go buy your vehicle, finance it for 0-1.5% and drive it into the ground. That should give you 5 years of payments and then 5-10 years of ownership with no payments. Personally I seem to like the 10 year plans. Depending on driving habits a 10 year old vehicle still has some life in it and should still be reliable so resale should be decent, especially on a 4x4 crew cab pickup. After 10 years Ill feel like I got my money out of it and made the most out of the bad "investment" of a vehicle. [/QUOTE]
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