Submitted by Various-Cut-1070 t3_125yxd4 in personalfinance
Various-Cut-1070 OP t1_jeb7kl5 wrote
Reply to comment by Werewolfdad in Buying out my car lease. by Various-Cut-1070
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.
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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