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
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12-09-2014, 01:52 PM | #1 (permalink) |
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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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12-09-2014, 02:32 PM | #2 (permalink) | |
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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. |
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12-09-2014, 03:14 PM | #3 (permalink) | |
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although the renting vs owning is very similiar to leasing vs financing a car. either way at the start you own zilch. at the end of a lease you still own zilch. with a finance you start with zilch and you owe more than the car's worth on longer term financing (queue interest) but as you pay off the loan you 'build equity' (i really hate using that term) until its paid off and the car's residual value is an asset you now have. depreciating asset albeit. friken math and azn's... all in all the first few comments hit the nail on the head. lease if you planon switching in a few years, finance if you wish to keep for longer terms. but always lease a german car |
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12-09-2014, 03:03 PM | #4 (permalink) | |
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