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ThinkingSapien @ThinkingSapien@mstdn.social
Help me make sense of leasing a #vehicle.
Someone keeps telling me I should have leased a vehicle instead of purchasing. But to me, that looks like taking a position of perpetually having a #car payment. It looks like one is paying for depreciation + profit. I don't see that this works out to less expensive than purchasing.
@ThinkingSapien It only really works for those with a good chunk of spare money.
@ThinkingSapien you’re always under warranty and you can switch vehicles more easily?
@ThinkingSapien if you plan on keeping your car long enough to pay off the loan, buy it. If having a newer car is important to you, lease it.
The person who told you that you should have leased it needs to mind their own business.