Leasing?
We are convinced our next car will be leased. $200-300 a month and always have a new car with no repair worries. You either make the payments or put the payments in the bank each month for the next ...
Forum Discussion
cwill925 wrote:
I thought about leasing. Thought it was not for me. My policy is; if I want it, it comes with one payment, cash. No lease, no loans, no borrowing of any kind. If I can't afford to pay cash, I'm not ready to buy it. That doesn't work for everyone, but it works for me.
A lot of folks don't have the money to pay cash. But I would still implore them to save a little and buy something used - maybe very used rather than go into dept for a toy.
Our first RV was a 30 y/o TC that looked like hell. We had a good time in it though! By only buying necessities on time we slowly built up our resources to the point we don't have to buy anything on time. The biggest reason we were able to do this is because we weren't paying finance fee's. After a while you just find you have more cash because of this.
I liken leasing to paying for something and then giving it back with nothing to show for your dollars spent.
