Reply To: Car Leasing

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#1965398
Ex-CTLawyer
Participant

Mrs. CTL leases, I don’t. She wants a new car every three years and always under 100% warranty.
This past year she hasn’t driven due to Covid (only out of the house twice in a year for vaccines). So, my car has sat and I have put the mileage on her car. Otherwise we would be gifting the leasing company 15,000 miles of nonuse.
Right now used cars are super expensive. Very few new car sales this past year, chip shortages affecting production, so a lease may be a better deal than buying a late model car. Once supply catches up with demand, used car values may tank 30%/