Quote:
Originally Posted by Mo@BMWofFairfax
Why own a depreciating asset? That makes no sense. I'll use it for three years, have a full warranty, pay the pre-paid maintenance and call it a day. Let the auto manufacturer deal with the time and money of trying to sell it.
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Absolutely agreed!
Why own it when it's going to cost you the same whether you buy outright in cash or lease (of course dependent on interest/money factor)? One is just a lot less riskier and if you want to take the risk of owning a depreciating asset.. do that when the lease is over, because now you have at least had 2-3 years to figure out what it's worth to the market and whether it's worth keeping.