Quote:
Originally Posted by Diesel power
The arguments where people try to dunk on leasers while they "own" something that eventually goes to being worth 0 is always funny to me. Congratulations on owning a 7 year old car with "no payments" that will still cost you thousands a year in maintenance. I'll take my new car every 3 years with the option to buy it for a little bit more if I really fall in love with it.
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What's funny to me is this whole concept someone long ago made up that cars are "investments". They are not financial investments and never have been. Rather, cars are a transportation tool. They are an appliance. Using the cost-per-mile as the financial metric, in general owning a car for an extended time period and extended miles is less expensive than leasing every 3 years. The cost-per-mile is the only metric to use to evaluate the cost of a vehicle because it standardizes the unit of measure regardless of vehicle type or method of acquisition. My 18-year old E90 has cost me just 31 cents per mile. If I were to drop $2,000 in maintenance this year, which I may do, it will increase my cost-per-mile by just 0.47-cents per mile. Peanuts.