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Various-Cut-1070 OP t1_je6oprl wrote

Reply to comment by Werewolfdad in Buying out my car lease. by Various-Cut-1070

Can you elaborate? You’re probably right, I just don’t think I fully understand.

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Werewolfdad t1_je6pp8w wrote

Leasing is buying the first 39k miles.

The depreciation curve is the steepest for the first miles on a car and flattens as you put more miles on a car.

You’re doing the thing you say you’re concerned about

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[deleted] t1_je6uu09 wrote

Yes he is scared of something and doing exact thing and subsidizing other intelligent buyers to have nice car without the depreciation available

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Various-Cut-1070 OP t1_jeb7kl5 wrote

I was taught that leasing is best because

A) you have a fairly new car most of the time that will likely not give you issues.

B) Warranty/Repairs/Maintenance is typically covered for the life of the lease.

C) Short term commitment

I’m really new to all of this. I’m sure I wasn’t taught correctly.

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Werewolfdad t1_jeba5a2 wrote

> A) you have a fairly new car most of the time that will likely not give you issues.

New cars cost more.

> B) Warranty/Repairs/Maintenance is typically covered for the life of the leas

New cars cost more

> C) Short term commitment

Very expensive short term commitment. The financially responsible decision is making a long term commitment to a car and driving it into the car.

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