MichVandal
Well-known member
We've been leasing a series of cars for over 25 years now, and it works nicely. I know we don't have any asset at the end of the leases, but the math isn't as bad as taking a 7 year loan to pay something off.I'll never take out another auto loan. Cash or lease. If you've never had a lease but regularly sell your car at term end, a lease is a smart alternative. I like having newer cars always under warranty, less need for negotiation, haggling over trade-in, lower monthly payments, etc.
And it protects us from having to pay for repairs of POS cars.