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Affording Fuel
"Shortwave Sportfishing" wrote in message ... On Tue, 31 Jan 2006 06:44:01 -0500, "P. Fritz" wrote: "NOYB" wrote in message hlink.net... "Shortwave Sportfishing" wrote in message ... On Tue, 31 Jan 2006 01:27:34 GMT, "NOYB" wrote: "Wayne.B" wrote in message ... 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 know someobdy in the car business, less than 1% of the lease cars ever are returned at or under their milage and almost never in prime condition. That is the catch ;-) |
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