I have a serious question for people that lease:
I was risen with the mentality that i should always buy a car when i have the money to pay it off right there and then, which is the primary reason for why I drive the car i do (its not expensive or anything).
What benefits does leasing have? I know that it makes an expensive car manageable to have but isn't leasing the same thing as renting? When your lease is over, wouldn't you have paid thousands of dollars over the course of the contract but won't have a car anymore?
Just asking cause I always found leasing to be an expensive option for one to rent a car. Again, it might have been the way I was brought up and i apologize anyone whos offended (its not directed towards any of you. mainly younger college kids), but I feel as if leasing is one of the main reasons why we see college kids drive alot nicer cars then they can afford. It defeats the purpose of the status symbol that comes with a nice car if one is using 80% of their monthly salary on car payments. I always assumed that a good car is a luxury and not a necessity.
Anyways, i know its NONE of my business i realize that. My rant is primarily from seeing fellow close friends who aren't financially well off but are driving 335's/STI's/IS250's. Again, I know its not my business but I was always puzzled how one says that he/she has no money, has to borrow money for food and other things but insists that he/she needs a really good car.