LogFAQs > #976344537

Starks posted...

I've never seen the logic in buying up up front or taking out a car alone.

I never want to hold on to a car longer than three or so years. Even if I could theoretically make a profit, it makes no sense to lay out that kind of money when I won't even lay out half over the course of a lease.

Buying a new car outright (with or without a loan) only makes economic sense for people who plan to hold onto it for a very long time (probably 10+ years, although I certainly haven't done the math). That's the only way to mitigate depreciation to an acceptable level.