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OT: Lease vs Buy Car
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[QUOTE="HuskyHawk, post: 5353090, member: 1414"] Cars have become ridiculously expensive. The average new car is now over $40k, to [USER=271]@Hoophound[/USER]'s point about the Kia Sportage. As for leasing, you are essentially financing the depreciation on the car. There are online forums where insiders calculate the good and bad lease deals based on internal interest rates built into the leases, unrealistic residual values, etc. If the car depreciates faster than expected, you may win with the lease. The legacy, as a sedan, almost certainly depreciated pretty rapidly. Not a lot of demand for Sedans, hence the discontinuation of the model. I don't like paying interest, so I'd avoid most leases, but then I'd also avoid most financing. I'd look at what you can get for $22k and see if there's anything you'd rather have than the Legacy. Leasing may give you "peace of mind" but did your Legacy actually need anything but oil changes and tire rotations? Most cars don't. Brake pads will be needed. Tires are an expense and on our New England roads, suspension components around 80-100k. But cars go 100k easily with minimal repairs now. [/QUOTE]
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