"P. Fritz" wrote in message
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"NOYB" wrote in message
ink.net...

"Shortwave Sportfishing" wrote in message
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On Tue, 31 Jan 2006 01:27:34 GMT, "NOYB" wrote:


"Wayne.B" wrote in message
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On Tue, 31 Jan 2006 00:14:20 GMT, "NOYB" wrote:

But I can assure you that in their latest
entries to the market, the American auto maufacturer's quality and
engineering is on par with the best of them again.

Let's talk again after 100,000 miles.

I'll be out of it before 40,000 miles. ;-)

see - thats what i don't understand. you dont gain anything by
leasing a vehicle for a stated length of time.



I gain a new car every 3-3 1/2 years. If I bought the car, but
financed it,
I'd barely be even in 3 years. If I paid cash, and traded it, I'd lose
$25k
in depreciation in that time period.


we ordinarily keep our cars for at least 100k if not more than that -
i think the grand marquis my wife had before the town car had 140k on
it when we traded it in.

You're smarter than me. But I've got a soft spot for new cars. Your
way is
of course the smartest way to own a car.

Not necessarily......if you drive exactly the miles that the lease
alllows you every year, it is better to lease, at the end of the lease, if
market value is higher than the buy option, you simply buy it and sell it,
if it is lower, you let the auto company take the loss.

I search for leases with the highest residual value. The car I just bought
had a 59% residual value after 39 months. That's about 20 percentage points
too high for what is realistic on that car. But it's GMAC taking the
hit...not me.