Re: Cash or leasing?
Leasing cars is always a bad idea, and the reason why leasing cars is a bad idea is because it forces you to lease a new car every 2-4 years. It's flawed to compare leasing a NEW car to purchasing a USED car. If you COULD lease a used car, that would probably be better then purchasing a used car, just like leasing a new car is better then purchasing a new car. Plus, you gotta lease it from a dealership. And if you're walking through a dealership every 2-4 years I PROMISE YOU, someone is going to crack you for some gross and give you a big boy payment and you're going to wake up the next morning confused.
The smartest thing to do, is going 2-5 years back (assuming you are making under 250k a year, over 50k a year and don't have 7+ figures in the bank), on a economy car. If you make less money then that, go further back, the older your car, generally, the more economical it's going to be. A $2000 car that gets you around for a couple of years is super economical. The issue is the older you go, the more likely you are to have to repair (still cheaper) your car, which can be inconvenient. And if you don't make over $250k a year, don't ****ing worry about spending over 10-15k on a car. There's no point, it's bread and butter, the cars melt, invest your money.
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