Quote:
Originally Posted by czirrfb
Something about leasing just feels weird to me. I just wont feel like it is "My" car but at the same time people try and argue that renting an apartment is pointless because you arent paying to own, but I have zero issues renting an apartment over buying a home because I dont wanna be "stuck" with a mortgage or tons of debt.
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Leasing a car at first does sound very similar to renting vs buying a home. But it's really different. It's better to buy a home, because you're building credit and you will have something to show for it. Renting really is throwing lots of money away, and only makes sense (similar to leasing a car) if you plan to move every few years.
Tons of debt is, unfortunately, just part of the way to go when it comes to home-owning and building credit.
Not so much with a car...unless you get super lucky, a car is never an investment, but a home can be.