Quote:
Originally Posted by wayneman
On some of the forums i read a lot of villagers lease their vehicles. At our ages 60-? does it pay to lease over buying? Especially for people who have the money and wish to have a new vehicle every 2-3 yrs. I know financial advisors always stress not to have debt but, if you really don't care and have no heirs why not spend your money!!
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Cars depreciate so much and so fast that if you want to drive something new or different every 2-3 years then Lease. But do your homework before you sign a lease. Not all leases are equal. There is a lot of information online that give you the ins and outs of leasing. Also it might be better to get a lease with little or no money down and have higher payments. If you decide to buy look around for something a year or two old with low miles because it has taken the depreciation hit!