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I've bought and leased my fair share of cars. I've been burned a LOT more on a buy than a lease because I tend to unload a car after two to three years. I've never kept a car long enough to pay it off or build any equity in it. Leasing for two or three years then dropping off the keys and picking out your next car works best for me. I don't mod cars, I don't race them, and I typically don't pile on a bunch of miles. My wife typically has the "family hauler" and we buy that car and drive it until it starts to require lots of maintenance. May cars are my commuter, but also my toy.
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