Originally posted by sigma:
Originally posted by PackRat:
Leasing is better if you trade cars in every two-three years. I read an article about the big problem of negative equity that people are carrying every time they purchase a car and then trade it in, it keeps piling up and they end up financing 2 or 3 cars on one loan. It's nuts.
That doesn't mean that leasing isn't a 'better' idea for someone flipping cars, because it almost always is, but there's no reason why you can't flip your cars every couple years and still be right-side-up when you do. You just can't buy them as soon as they come out.
I think the next two or three cars that we buy are going to be leases, because with one baby now and hoping for at least one or two more in the next five years or so, our space and technology needs will change pretty dramatically through that stretch of time, and maybe even over the next decade. I think we're going to look really hard at the Mazda5 when it comes out as a small family hauler to replace our 6i, because we don't need a bigger minivan than that and we don't like sport-utes all that much. Plus, the value on the Mazda5 is pretty amazing.
"Think of it, if you like, as a librarian with a G-string under the tweed." Clarkson on the Mondeo.
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