![]() |
|
![]() | ||
|
Subject:
Auto Lease or Buy Options for Senior Citizens
Category: Business and Money Asked by: thimblegirl-ga List Price: $10.00 |
Posted:
31 Oct 2005 20:10 PST
Expires: 02 Nov 2005 08:18 PST Question ID: 587361 |
What arrangement would you suggest for a 79 year old man who wants a new luxury car? Should he buy or lease? He is financially comfortable and drives less than 400 miles per year. Does the low mileage figure have an influence on this decision. He is retired, so no corporate deductions are a factor. |
![]() | ||
|
There is no answer at this time. |
![]() | ||
|
Subject:
Re: Auto Lease or Buy Options for Senior Citizens
From: research_help-ga on 01 Nov 2005 08:51 PST |
When you lease a car, you are paying for the depreciation of the car as the main part of your payment, usually calculated based on driving 10, 12, or 15 K miles per year. Therefore, if this person leases a car, he will be paying for a lof of depreciation even though he is only driving 400 miles per year. Any type of financing (lease or payments) involves interest and profit for the lender. If this buyer is financially comfortable, then he should pay cash for the car and avoid paying for depreciation he will not have and interest to borrow money he does not need to borrow. |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |