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Old 01-26-2012, 04:52 PM
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brkf brkf is offline
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Originally Posted by sunny5280 View Post
There are people who lease because they cannot afford to buy, so the concept is not laughable. Likewise just because one takes out a loan does not mean they cannot afford to buy something.
Amen. Different use of funds. I looked at buying and my buying patterns. I'm not a good person to buy a new car. I trade out of cars too often. Since 2003 I've had 6 cars.

On paper I could buy a car outright but then in a year or two when I'm sick of it I'll take a bath on the taxes and resale value. Leasing allows me to blow a fairly consistent amount of cash and bail on the lease when I'm bored. Used can be a good deal too as most of the depreciation hit was absorbed by the last owner.