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Old 01-26-2012, 06:13 PM
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Kamdog Kamdog is offline
-- Robert S. Johnson 56FG
Location: New York
 
Join Date: Apr 2007
Posts: 6,085
Mein Auto: 2008 535i
Quote:
Originally Posted by blueguydotcom View Post
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.
As it turns out, 2003 was a terrible car year for me. I had to buy three cars. So I bought my daughter a Civic, my wife a CR-V, and myself an Accord. When they were all paid off, I gave my daughter the Accord, sold the Civic, and bought my 535.

The Accord and Cr-V are still going strong, and the 535 is paid off too.

This is an important side of buying. Once you buy something, you own it. I now have three cars and no payments, rather than some 1500 a month in lease payments for the cars.
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