Buying to Leases

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Date Submitted: 03/09/2013 04:58 PM

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It was recommended by the calculator that I should buy my next car. In one question it asked how long I like to keep my cars? I like to keep them for as long as I can. So, leasing was not an option for me. The recommendation the calculator made did not change my mind in any way about what I previously thought about buying vs. leasing. My sister leased for several years. She was always complaining about how many miles she was allowed a year and the condition she was expected to keep on the car. She said there were so many “rules” she had to follow. The only thing my sister liked was the fact she got a new car every two years. I did not like the fact of a payment every month forever, like you would have in leasing. I like the fact at the end of my loan; I will own my car, free and clear. You ask, will I follow the recommendations of the calculator? I was already a step ahead of the calculator’s results. My 2001 Chrysler Sebring, which had over 130,000 miles on it, suddenly went on death road. The dealership really worked with me in getting my family into my new “used” car. The loan is for 36 months. The car I got is a 2007 Chrysler Pacifica. The car has only 79,000 miles on it. It will also be mine, free and clear then. My car also came with warranty still left on the car. For the next 36 months I have free tire rotation and oil changes.