Buying a new car is super expensive and you can get a much better ride than you might be able to afford if you lease. But you don’t own anything at the end of it. After all the money that you’ve paid in, you don’t have any asset to show for… But you also don’t any responsibility for the devaluation of the asset when the tax man comes. On the one hand, with a lease, you can only drive it so far in any given period. On the other hand, at the end of the term you get a new car with none of the baggage of what you’ve done to it, or having to trade up.
So how do you feel? Do you buy or lease? Do you invest in an asset and name it and treat her like she’s yours? Or do you swap out four-wheeled ladies every two years with no remorse?
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