I lease, especially depreciating items like a car. I pay half the average monthly car payment. It is true that I will always have a monthly lease payment (I never own a paid off car). But it's built into my monthly budget. My car is always under warranty. I pay nearly nothing in repairs. High mileage can be an issue for some drivers (not me). And insurance costs (always covering a newer car) could be an issue.
I am starting to see the benefits of leasing. Thanks for sharing your experience. Personal finance gurus are against it, but your experience shows that it isn’t always black or white.
I lease, especially depreciating items like a car. I pay half the average monthly car payment. It is true that I will always have a monthly lease payment (I never own a paid off car). But it's built into my monthly budget. My car is always under warranty. I pay nearly nothing in repairs. High mileage can be an issue for some drivers (not me). And insurance costs (always covering a newer car) could be an issue.
I am starting to see the benefits of leasing. Thanks for sharing your experience. Personal finance gurus are against it, but your experience shows that it isn’t always black or white.
Have you bought a car recently? How was your experience?