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TopicBuy or lease your car?
wackyteen
01/19/20 1:32:19 PM
#39:


I bought a 2008 Chevy HHR for $9000 after tags, titles and taxes. In 2014. Sure I likely overpaid but for a on a whim purchase I feel I came out ahead

I paid it off within 3 years of owning it.

Besides some casual upkeep costs, probably spending somewhere around $3500-4000 in total upkeep (including things like tires and oil changes), I've not had many issues out of it.

That's not to say it doesn't have problems(I. E. Dents, scratches, fresh paint job, stuff I can't be assed to remotely care about) and things that need fixed but on the whole it does exactly what I need it to:

Get me from point A to point B.

I can see the appeal of leasing but I'd much rather be able to keep something I'm paying on or paid for than having to turn something in after 3-4 years and basically gambling on the new lease being as reliable as the old lease. Especially if the lease payment is as much or more than paying for the car via loan.

In the six years I've owned my car, if I had paid my car payment in a lease payment, I'd have spent over $18K, just on lease payments. And that's if I could get a payment as cheap as I was paying, at the highest point of my loan.

Not to mention I've put ~50,000 miles on my car in the past six year.

I just can't imagine being limited by a lease like they want you to be. Maybe it's just cause I grew up in a part of the world where if you don't have a car, you die(either literally or socially) basically.

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The name is wackyteen* for a reason. Never doubt. *No longer teen
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