On 10/15/2013 8:02 AM, Nancy Young wrote:
> On 10/15/2013 7:16 AM, jmcquown wrote:
>> On 10/14/2013 9:40 AM, Brooklyn1 wrote:
>
>>> 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.
>
> You can lease a lot more car than you can afford to buy. Looks
> good driving around in a pricey new car every few years.
>
> When we leased a car, there was no down payment, aside from maybe
> a few hundred dollars in fees or something. I really don't remember
> the details, but I promise not thousands of dollars down.
>
> nancy

I'm going by the ads I see on television these days. The small print
says something like *$5000* down. If I'm going to give them $5000 I may
as well just put that towards buying/owning a car. Of course these are
ads for luxury cars, not the comfortable but utilitarian cars I buy.

Jill