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Re: Not sure what the lease guys are saying, but . (archive)
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Posted by JL on April 24, 2000 at 16:47:37:

In Reply to: Not sure what the lease guys are saying, but ... posted by BillP on April 23, 2000 at 18:09:18:

: BTW, buying is always better than leasing (in the US at least) unless you cannot otherwise afford the car or are using the car for a business.

"Always" is a bold statement. At least in California, you don't pay the sales tax for the residual when leasing. That's like $3000 with 8% tax rate. And downpayment (cap. cost reduction) is normally lower with leasing than purchasing. Unless you have 50K in cash to be hold up in a car (even if I did, I'd invest the money and get the return higher than the lease payment, effectively making the car "free"), it makes sense to lease.

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