On Tue, 31 Jan 2006 01:27:34 GMT, "NOYB" wrote:

Let's talk again after 100,000 miles.

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

Fair enough but have you ever calculated your cost per mile?

Let me help, using your numbers:

"I leased the car. 39 months, $422/mo (includes tax), $1850 out of
pocket."

That comes to $18,308, divided by 40,000 miles = 45.8 cents/mile
before insurance, fuel and maintenance.

If you purchased a Lexus for about $45,000 and drove it 100,000 miles
you'd get about the same numbers but the Lexus would still be worth
somewhere between $5 and $10K, possibly more.

The advantage of leasing is getting a new car every 3 or 4 years with
minimal transaction costs, but it is still cheaper to purchase and
hold if you buy quality.

Using my numbers, the second 100,000 miles is almost free!