Submitted by SquishyEmerald t3_1278qjt in explainlikeimfive
porcelainvacation t1_jednw1s wrote
Reply to comment by I-Am-Ron-Swanson in ELI5 Leasing vs Purchasing by SquishyEmerald
We still have a 2004 Honda CRV, we bought it brand new, paid it off 17 years ago, maintained it, and it still is perfectly reliable with 280k miles on it. At this point we bought a newer car because we got a really sweet deal on a 2020 Volvo and the Honda is our supply chain insurance policy and my airport long term parking lot beater. It has liability only insurance and it costs me nothing but gasoline and the occasional oil change to keep because I’ll just donate it to someone if it breaks down. I have gotten well more than my money’s worth out of that car.
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