Leasing is great if you have accepted having a vehicle payment for the rest of your life and don't mind paying the depreciation of that vehicle so someone can buy it used.

 

Why wouldn't he have to pay for tires and brakes?

 

Buy 'em new, drive 'em till their outta power train warranty, while beating the living snot outta them, all the while being careful to keep 'em purdy. Trade 'em in(gettin max trade-in allowance), never spend a dime on 'em, and let some poor schmuck think he's gettin a creampuff when he buy's it @ full retail a few days later- this process has worked for me for YEARS! I drive new, and other guys pay the freight.

 

Leasing is for some people. Sounds like the OP just got tired of vehicle upkeep, so he likes the lease.

Heck I bet half the guys on this forum are trading in their trucks before they completely pay it off to get a new truck. I could never do a lease though, they would penalize me so much on miles...

 

I am in the same boat where I have accepted I will always have a car payment. I tend to trade in every 3 years anyways, so a lease would be perfect. So instead of buying a used vehicle and have to hassle with trading in or selling privately in order to buy another used vehicle, I can lease a new one, pay less per month and get another new one at the end. My next vehicle will probably be a lease. Just looks more and more reasonable for me personally.

 

All good points, I have thought this through believe me. I have had way too many vehicles break down, and I haven't told you all the bad luck I have had with used vehicles. I know what you are thinking: "Maybe you don't know how to pick 'em" As a person with mechanical experience, I feel qualified to judge a used vehicle and to ask a mechanic to help me when in doubt.

Another point to consider is the fact that I live alone and don't have other famiiy or friends to lean on if I need a ride or got stranded

Yet another point is that as a Teacher it is crucial that I get to work. Missing because of a vehicle makes me look bad as an educated professional.

One more point, $359 a month to drive a "Work of Art", a "King", a snarling F-14 on wheels is the greatest feeling in the world (maybe second greatest, but damn close)

Even if you buy a 2 year old vehicle, which most experts agree is the best, the previous owner could have abused the frick out of it.

Finally, I bought a 2010 f150 in 2012, 25k miles. Guess what happened at the 100k mark? Yep.......Tranny. I take care of my vehicles, change oil myself, drive very carefully. Please don't think I am abusing my rides.

I do like the concept of owning my vehicle....YES
After life (and the ex) kicks you a few times, you do what you gotta do.

Your opinions are all appreciated, and I wouldn't drive anything but a FORD
F first
O on
R Race
D day

 

Way too long of a story to tell, but Teachers don't get paid squat, lay offs, and the big D all contributed to a credit score in the 500s. But don't spread that around

 

Because the lease would be up before they would wear out.

 

If your OK with your lease it shouldn't matter to us.
It gives you Peace of mind & it's always under warranty.
Have Fun & we will hear from you in 2023.
Just Kidding about 2023.

 

Every situation is going to be different. I leased a Civic a few years back and leasing was absolutely the right thing for me. My ex wife was shady and was wanting a car. Plus, I was tired of having to drive her around. So I leased a Civic as a second vehicle as it was only 200 a month and I knew I would only be committed 3 years if she left. It ended up saving wear and tear on my truck too.

I may be wrong but the vast majority of people never pay their vehicle off so the lower payment is a great decision. Admittedly, you don't really build up equity though.