Leasing questions.

rjstractor wrote:
Leasing has worked out well for me. It's not a bad option if you want to drive a new vehicle every three years or so, and you don't drive a lot of miles. With my lease I paid zero down, all maintenance is included. The car is under warranty the entire lease term so no repair costs. So, I basically have to put gas in it, pay for insurance and write a check each month. At the end of the lease I can walk away, get another car, or buy my current one. (probably the least attractive option) The only downsides are that I'm limited in the number of miles I can drive (12K a year) and I always have a payment. So, it works for me. It may not work for you. Also, lease terms may prevent you from installing a fifth wheel hitch.

Something to remember regarding mileage, the vehicle depreciates with every mile you drive whether you lease or buy.

I have always leased my toy vehicles. I enjoy having a luxury convertible. I don't drive them many miles a year, so the leasing works great. A huge hidden benefit is at the end of the lease there is no hassle selling or trading the car and if the market for them has crashed, resale value is not my concern.