Quote:
Originally Posted by suprachica79
really excellent break down there. You explained it exactly - it looks really attractive that you can have a car for let's say $100-$150 less per month than if you were paying payments to own it, but when you actually do the math out, it's really not financially responsible.
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+1
You're basically throwing money away if you lease the car. Granted it's a depreciating asset, but you're at least building some equity into the car if you finance it that you can sell at a later date as opposed to owning absolutely zero at the end of a lease.
Additionally, if $150-$200 a month is going to break your monthly budget for all expenses, you really shouldn't be buying a brand new sports car. Stretching a budget that thin leaves no room for life's unexpected emergencies.