Thread: Home and Auto New vehicle vs current vehicle
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Old 06-20-2015, 04:46 PM   #39
RedandGold RedandGold is offline
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Quote:
Originally Posted by BigMeatballDave View Post
No, it's not. The payments are lower, in some cases, much lower than financing.

Leasing is the way to go if you don't drive a lot.
The benefits of leasing only apply if you would otherwise trade the same financed vehicle in the same period of time (or trade immediately after a financed purchase was paid off). If you maintain that same financed vehicle five years after it's paid off, you're definitely ahead versus leasing.

Since my pattern falls into the latter category, it's difficult to justify making payments in perpetuity on a continuous string of vehicles that I don't own.
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