We’re not too far into this thing, and already another automobile-related Wastey?
Something tells me it won’t be the last either.
Car Payment Gluttons, you just love paying for your car, every month, for all eternity, don’t you? Why else are you leasing that car?
Oh but even that’s not enough for you is it? Noooooo, you like to throw down a big upfront down payment before you drive off the lot, too. A down payment for something you’ll almost certainly never own! What an amazing idea!
Just what are you thinking CPGs? You think you’re too good for that six year old sedan? You need something with some pop, with a wow factor? How old are you?! Nobody cares what kind of car you drive! They just want you to quit talking on your cell phone and weaving in and out of those two lanes! They want you to merge before there’s only four feet of road in front of you.
Yeah I see your turn signal. But you ain’t gettin’ in front me, I saw what you did there, Last Minute Merger. And don’t think that half-#^&@ over the shoulder waves means anything to me.
But I digress.
Leasing a car is a terrible financial move, worse even than financing the full purchase price of a car. At least at the end of the purchase transaction, you own a car. In fact, you own the greatest vehicle made in the history of automobiles, a PFC.
A Paid For Car.
Alright, alright, alright, I suppose you road warrior sales folks that rack up 100,000 miles a year might have a good argument for leasing.
Except it’s not 1964 and you don’t exist anymore! There’s a reason that your allowance on the lease is 12,000-15,000 a year. That’s the average for just about the whole country.
Even after buying a brand new car, which is not the greatest idea ever in and of itself, you’ll always come out ahead when compared to an endless cycle of leased vehicles, assuming you can control yourself and keep that PFC for ten years or so.
Who am I kidding, did I forget who I was talking to? Of course you can’t keep that PFC! As soon as it’s paid for you’re ready to rush down, trade it in and get yourself a brand new shiny chariot, complete with satellite radio and heated leather seats. You might be a distant relative of the Leasing CPG, but you’re still a CPG.
you I brought it up, quit financing new cars every four years, Financing CPG! I don’t care how low interest rates are. You’re still gonna’ pay way more for that car than you think. Do you know why the dealership always wants you to finance with them? Because they’re making a killing on the deal!
If they’re winning, you’re losing.
But hey, it’s your money and your choice. But don’t forget that leasing that fleet of vehicles over your lifetime is just another way you’re fleecing yourself. You’re pushing yourself further and further away from being lazy, and I just can’t get behind that!