@kreibsome08 I do love leasing but do agree that it isn't for everyone! Like I mentioned, my caddy needed something every time I turned around like tires, brakes, engine parts, coolant, sensors…you get the drift. My husband is an automotive engineer which saved us tons of money on service but fixing something 3-4 times a month got old once the caddy entered it's final 6 months of life and it began to stop being cost effective for us. He was driving an older car as well and had similar issues too. My husband and I don't want to fix cars anymore, plain and simple!
We look for great lease deals that don't require anything crazy down and fit our car budget. It requires us to be flexible about what we drive but sometimes it's fun to switch things up! I went from a caddy, to a mazda 3, to the new MKZ we are picking up tonight. In 2 years, who knows what we'll do next! It's fun!
I realize that I don't “own” my car…but I really don't care. We enjoy getting a new car every 2-3 years and it's worth it to us. We max out our 401ks, we have no student loan or credit card debt, have a reasonable mortgage, and live a fiscally responsible lifestyle so I have zero guilt about the money side. When I did have student loans, credit card, and was broke after college I bought the caddy used in 2005 and made it last as long as I could. Lease vs. buy really depends on the financial boat you are in as well as the amount of miles you put on a car. When the dealers are trying to blow out the prior year models is when you really clean up! You just have to shop around and be flexible!
I do agree with @DJN 100%!!!! If you enjoy a luxury car, it would make you happy everyday to drive it, and can afford it, why not? Life's too short! π
REG: 75 DONE π
AUD: 61, 71, 68, 92 DONE π
BEC: 76 DONE π
FAR: 72, 74, 79 DONE π
Licensed Michigan CPA π
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK