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Originally Posted by 00_celica
Although $250/month doesn't sound too bad, if you think about it, after the 5 years is up you would have paid $15k towards a $21k car only to hand it in and start the cycle over again. That car will have plenty of life in it beyond the 5 years and if you were to have bought it outright, every year without a car payment greatly reduces the cost of ownership of the car.
Leases are great for business and people who like to have new cars all the time, but it sounds like this lease is to afford a car that is otherwise not affordable. I think it might be financially wise to consider purchasing a slightly used vehicle instead. Just my 2 cents. Good luck.
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Yes! Anything over a 2 year lease is really not worth it. Buy a used car and safe up some cash. Or fix up the old one.
