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just sold teh stang :cry:

1718 Views 21 Replies 9 Participants Last post by  jeeps84
some guy just called me and wanted to look at my stang (totally caught me off guard). i was like wtf i thought i took down all the for sale ads. i guess not. but i thought whats it gonna hurt to let him look. he said he didnt want to go back to ogden to buy this other mustang cause he lives in kerns. so he said he wanted mine. 5200$ baby. now i need a car anyone got ideas???
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Gas Man said:
Why? I lease all my vechicles now... I find it way better than purchase!

And I suppose you "lease" or rent your house? why would you make payments on something that builds someone else's equity? :scratch:

Today's new automobiles are such a poor investment to begin with, why would you want to make payments for 2 to 3 years, and then give the car back after you have spent thousands of dollars? If you want a new car, trade yours in every 2 or 3 years. M traded her Saturn for a new one this month and she didn't spend a dime out of her pocket, and she lowered her payment 75 cents a month.
Ace said:
Houses build equity, vehicles do not. Wether you lease or buy it your not going to make money on it when your done (usually). Leases are good for those that stay within the mileage etc. Buyting a car and trading it in every few years your definately loosing money on. But if you buy American you pretty much have to trade in and get a new one every 2-3 years because for the most part thats when they crap out anyways.

That is misleading...very misleading...When you take out a mortgage, if you hold it for the 3 to 5 year residency requirement and especially until payoff, you will never get your money back when you sell it. Why do you think they allow you the interest deduction on your income taxes??

explain to me how, unless you have a business and can expense it, you are gaining anything by leasing vs buying??

every lease I have seen wants at least 1800 to 2000 at signing. that is money that is history. I have yet to see a lease that does not require the upfront cash, even if you are "rolling over" from one car to another. When you own a car, you should always come out even or ahead at trade in...Unless you are one of those knuckleheads that signs a 60 month or ballon payment financing...then, halfway through, you owe more than the car is worth. Buying is always better than leasing unless we are talking about milk or other adult entertainment... :whistle:
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