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Buying vs. Leasing a new car - which is the best approach?
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November 30th, 2009
We need to get a ‘new’ car and are trying to toss up buying vs. leasing…here are some of the factors in the decision:
1. We dont have a ton of spare cash as just bought a house
2. We only need the car for commuting to/from work so dont need anything fancy or big – also will not do a ton of miles
3. We need to make sure it is maintenence free
My thinking is that cash is king right now and we should lease to conserve our cash – esp. as some of the deals look pretty good.
Thoughts?
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