"jmcquown" > wrote in message
...
> On 10/14/2013 9:40 AM, Brooklyn1 wrote:
>> On Sun, 13 Oct 2013 21:45:57 -0700, "Julie Bove"
>> > wrote:
>>
>>>
>>> "Ed Pawlowski" > wrote in message
>>> ...
>>>> On 10/13/2013 8:31 PM, Julie Bove wrote:
>>>>
>>>>> I have never had a new car nor could I ever afford one.
>>>>
>>>> Easier than you think to buy new. It may or may not be best for your
>>>> situation, but you can get better interest rates on new cars and longer
>>>> terms. If you keep cars for a long time it is a good value, even with
>>>> depreciation.
>>>
>>> I can't afford a car payment at all. We are having to pay almost $400 a
>>> month for my husband's car and I think that's just obscene!
>>
>> Lease payments are far more obscene... at the end of the lease you
>> have nothing and need to begin RENTING all over again... 95% of the
>> late model vehicles on the road today are leased/rented.
>>
> I agree, Sheldon! I don't understand leasing personal vehicles, either.
> You have to put a downpayment of thousands of dollars, then pay them every
> month, pay for maintenance (keep records!). You pay for it, but in the
> end you own NOTHING. Uh, what?
>
> I worked with a woman whose husband always leased their cars. I never
> could figure out why.

Yeah. I worked with a woman who not only leased cars but rented her
furniture. A friend of mine once wanted to rent a dining table because she
couldn't afford to buy one. Another friend came with us to the rental
place. We did the math for her then pointed out if she would just do
without the table for a few weeks then put aside the amount of money she
would have spent on the rental, she could *buy* the table! In the end, she
found one of those wooden wheel things that they used to wrap wire on. Not
sure they even exist now. She got it for free. She did have to buy some
chairs though.