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Old 03-15-2005, 12:45 PM   #13 (permalink)
Gilda
32 flavors and then some
 
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Location: Out on a wire.
Quote:
Originally Posted by mused76
Good idea but I just want to lease the car - GM cars have a tendency to "fall apart" as the age quickly. I just want the G6 coupe for about 2 years and let someone else deal with the problems to follow.
Financially, leasing a new car for a couple of years is the worst way to do it. Cars depreciate the most during that time period, and by leasing, you're paying for that depreciation.

It's at about the 2 to 3 year point that buying makes the most sense; the car still has a lot of life in it, but you don't take the big hit on depreciation. If you're going to go for a new car, the best way to do so financially is to buy only if you're going to keep it long term, for at least a couple of years after it's paid off.

Leasing new every 2 - 3 years, or buying new and trading in after 2-3 years is how you spend the most money on cars. Buying after someone else takes that depreciation hit is how you spend the least.
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