Comments by "roachtoasties" (@roachtoasties) on "CNBC Make It"
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It's whatever works for you. Maybe you just don't want to be worried about paying for repairs after three years. New cars are safer and more reliable. Lease payments are based upon anticipated depreciation, so they're less than a finance payment. Maybe you're OK with that. After a three year lease, you still have the option to buy the car, if you want to. Buying a car from a dealer is never an investment. If it was, rich people would be loading up on new cars. If you buy a car with three years of payments, at the end of three years you have a car that has lost half its value, if not more. It's not like buying a house. Anyway, if I had Suze O's money, I would lease. New car every three years with no worries about the thing falling apart on the freeway. If it costs a bit more in the long run, so what. You can't take your money with you when you're six-feet under, so just enjoy something new in your life, and it doesn't have to be some super-fancy car you're leasing. The standard models are quite comfortable and full of features these days.
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