Originally Posted by JayT2014
Idk .. . almost $6K a year seems to rich for me.
If I buy a vehicle and keep it 3 to 5 years I generally can do it for $2,500 to $3,500 a year.
Agree. Too rich for me, too.
But here's where I'm coming from:
My costs per year (month) currently look like this:
2011 Equinox 1LT, $20,700 OTD: $3312 ($276) ... will eventually drive this number down to $1400 ($115)
2002 Impala 1LT, $12,200 OTD: $827 ($69) ... $5500 on GM Card created low purchase price
1997 Taurus GL Wagon, $15,500 OTD: $808 ($67) ... leftover purchased in early '98
.... and I've never leased, either, but if my Nox was a lease, I guess at 6.25 years now, I'd be just starting my 3rd lease, so I'd be driving a brand new 2017 Nox with possibly the same $276 payment. So outwardly, the lease looks better - to this point, but now ownership will win out going forward... and that's not even counting the mileage restrictions on the lease, OR the money I could get back by selling my Nox ($9800 private party, best case scenario)