Quote:
Originally Posted by Dégoûté
Only suckers buy new cars. Imo.
|
Work harder and maybe you can afford to not care about depreciation too lol
Quote:
Originally Posted by ChrisWMT
Since I have a 2025 M340 on order, figured I'd do some quick knuckle dragger math after reading this thread.
Vaguely analyzing cost of ownership over 10 years buying vs leasing similar model over and over:
YMMV |
That $70k when properly invested should also be worth ~ $180,000 after 10 years assuming an S&P average 10% RoR. So you back the $156,600 out of the $180,000 your $70k you spent on your car would be worth and you have $24,000....so leasing only cost you $46,000 over 10 years, saving you $20k from having bought and kept the car for 10 years.
Plus you're driving the same car for 10 years while I get to experience 4 different cars during that time. I don't want to drive the same car for 10 years
:
Had you gotten a loan for the $70k initial purchase and paid 6% interest, that would have been $13,500 in interest, which would have meant you still would have had a $31,500 return on your initial $70,000 you paid even after backing out the costs of owning the car including the interest. Thats why paying cash for cars isn't a good financial move IMO.