I can either lease or buy outright cash for a new vehicle, what I cannot decide is which is better suited for me. My wifes car is a 2005 that while it still runs like a top with 74,000 miles on it, she wants a new car and at this stage of life she deserves what ever she asks for. Im keeping the 2005, removing the collision and using it as a everyday beater.
My thoughts are that I cannot do the repairs and maintenance like ive done on the 05 with a 2021, nor do I want to anymore, so keeping a car as long as I did the last one may not be the best idea.
Still being old school train of thought, I cant get my head wrapped around the idea of a lease and a constant car payment.
Whats worked for you and why...... Thanks for any and all advice and experience
IMHO, unless you're in a unique tax or personal position, never lease. Leasing is designed so you never own anything, make perpetual payments and to keep you in more expensive cars than you'd otherwise buy. Buy a leftover or a lease return. 2ยข
