you seem to have mixed your identity with finance and are lost, this copy pasta have never been so relevant.

The problem is you're focusing on the things in life that don't really matter. When I was a kid I had hopes and dreams. We all did. But over time, the daily grind gets in the way and you miss the things that really matter, even though they are right in front of you, staring you in the face. I think the next time you should ask yourself "Am I on the right track here?". I don't mean to be rude but people like you I really pity. So maybe you could use the few brain cells you have and take advantage of the knowledge I have given you now. Good luck.

Depreciation hit depends entirely on your lease agreement.



Paying for vehicles cash can be beneficial for some people (Poor people or those that are bad at managing finances) but in my opinion it can be a poor financial decision. Through my credit union I only pay 2% interest on finance. My investment accounts averaged 18% returns in 2017. Assuming I go pay 50K for my truck cash I'm out 50K, 'debt free herp derp', and don't pay the 2% interest. Assuming I stick the 50K in a my mutual fund I have access to that money should I need it and earn 18% returns (or 16% if you want to subtract the 2% I spent on interest). In my opinion its a no brainer to hoard your money and use the banks.



I'm guessing you'd advocate saving up like 5-10K then going buy an old beater cash and save/invest all your other money and then just hemorrhage money/time for ongoing maintenance/upkeep problems on and old high millage vehicle. No thanks. My time is too valuable.

I'm not a 20 year old college student or minimum wager. I prefer my vehicles to have less then 50K miles and everything under warranty. At a certain point the money for a vehicle isn't even really a factor for some people.

Who are you talking to? My original post, and main argument, never mentioned finance..

I am on the side of leasing. Depreciating asset has no business taking up dat sweet sweet capital. But can a miscer explain why renting property (to live in) is seen as throwing cash away when its quite similar to leasing a car?

Although a car will almost always depreciate but real estate goes either way. Educate me brahs.

I lease. I drive a BMW M135i. That car new at the time at the spec I chose would cost £35k. My lease agreement is 6+23 which basically means 6monthlies upfront and then ongoing monthly payments. My payments are £299.99. So i.e. Overall cost of ownership of that car for 2 years is £8,699.71. Could you buy that car for £35k and sell it in 2 years for £26,300, potentially yes but with a lease you remove this risk and hassle (if you dont have time). If you made any more than £26,300 (which would be marginal at best) then fair enough ownership has worked out better but factor in convenience and that balances the equation out.

The real answer here is each persons circumstances will dictate what the best option for them is. I wanted a decently high spec, fast sport car that was still affordable brand new and I could insure.

M135i unawares, 0-62mph in 4.9 sec, 326BHP, rear wheel drive and totally under the radar as doesnt look like much!

Edit - if you get a great discount off retail then that can heavily influence the decision as well, assuming the car doesnt have a massive depreciation curve and you think it will retain decent value at re-sale.

you m8

isnt finance just the management of money? its what youre always posting about like that testifier kunt. Do you not have goals in life unrelated to money? youre going to miss out of real satisfaction if you dont

gonna go out on a limb and say you earn under 60k?

You're right. A car is NOT an investment (only very rarely they are. 2006 Ford GT for instance). So what is wrong with leasing a car? Comes with a full bumper to bumper warranty. Free service. Newest model every 2-3 years. I don't see the problem if you have the money for it?