leasing is extremely expensive and it’s NEVER EVER a good financial decision unless you’re able to write it off as a business expense.
My preference is to buy cars I can put at least 20% down and comfortably afford to pay off the balance completely in 3 years at a payment no more than 20% of your net income. Anything more and you’re overextending yourself. If that means that you can afford only a Geo Metro, so be it. People need to come down to reality about what they can really afford.
Way too many are stretching to the limits using credit!! I heard 84 month loans are common these days, absolutely ridiculous!
Once you buy the car keep it for at least 10 years.
