Leasing/Buying Arguments

"MIATAAAA" (miataaaa) 01/22/2015 at 14:42 • Filed to: LEASE, BUY

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Is it just me, or is it really pretty simple? There are two groups of people.

GROUP 1: People who want to save the maximum amount of money over their lives. BUY.

GROUP 2: People who want to save the maximum amount of money over their lives, while driving a new car. LEASE.

And then there are some outliers who are very complicated and they just need to figure it out for themselves.

Clownshoe for listening to me:

Tina Corbett > MIATAAAA 01/22/2015 at 14:45

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Yep, that's pretty much it.

TheD0k_2many toys 2little time > MIATAAAA 01/22/2015 at 14:46

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Then there is me

Alfalfa > MIATAAAA 01/22/2015 at 14:52

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Well yes, but they need something to write about...

Aaron M - MasoFiST > MIATAAAA 01/22/2015 at 14:56

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This came up on Jalopnik years ago, but someone did the basic math and found out that, on average, the cheapest way to have a car was to buy a five year old car, sell it after five years, then buy another five year old car. It was a Pareto optimization that minimized overall expenditure between purchase price, depreciation and repairs, assuming that incremental improvements in fuel economy and absolute (not age-related) reliability would be minimal over five years, and that the owner had no mechanical experience and would pay a shop for all repairs. Of course, people do value things other than money, but there is (based on currently available data) a single correct way to drive while spending the least possible amount of money. It involves never touching a new car, bought or leased.

HammerheadFistpunch > MIATAAAA 01/22/2015 at 15:18

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nope. winter tires are better beca...oh wait.

MIATAAAA > HammerheadFistpunch 01/22/2015 at 15:27

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COTD. :)

MIATAAAA > Aaron M - MasoFiST 01/22/2015 at 15:29

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This is a very interesting proposition! Thanks for sharing. :)