Originally Posted by SAR I
Glad there are some other adults on tonight.
The other myth that never seems to get busted is that leasing is more expensive than owning. This 80's stuff about "Leasing gets you into a car you can't afford!" isn't the way it is today. Back then, the model was all about buying. Today, the model is all about leasing. Those who buy cars, keep them, and sell them, are getting the cheaper deal. Those who lease perpetually spend more, mostly because it's a turnkey experience. I'm drawn to BMW in part because of their unlimited service warranty which has me paying $0 for maintenance or repairs. I don't pay for oil changes, tune-ups, or even wiper blades. Gasoline and tires, that's it.
So I avoid a depreciating asset and I can accurately budget the cost of automotive maintenance, two major wins from a financial planning standpoint.
.... yeah .. but the zero maintenance is a bit quirky ... they say you only need an oil change once a year. While this might be technically true ... it scares the crap out me since in six years i will have only changed the oil six times.