LogFAQs > #933169614

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TopicBuy or lease your car?
CableZL
01/19/20 9:54:28 AM
#20:


KillerSlaw posted...
In what way is getting 10k back after a 38k investment a good value?

Maybe it's just cause it's early for me and I just woke up but I'm not seeing it.

We're comparing buying vs leasing. It's better than not having any value after a few years due to having to give the car back. In this day and age, I'm pretty much always going to need a car, so I might as well be able to get to the point where I'll be able to own it without having monthly car payments and be able to trade it in for a better one if I want to do so.

If I had leased the car, I would have put X amount in and received 0 in return.

Getting almost $10k back in 2020 (car will depreciate a bit more in a couple months when I actually do the trade) for a car I bought in 2013 is better than putting however much money into a car in 2013, 2014, 2015, etc. and then just giving it back and getting nothing.

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