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  1. 03-25-2016, 12:08 #33
    MED
    MED is offline
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    Quote Originally Posted by HoneyBadger View Post
    Ouch. And yes, the same principle applies to leases. A $300/mo lease is $3600/yr. Over four years, that is $14,400 that you have nothing to show for. That's a very expensive "luxury".
    Depending on the vehicle and market conditions, a person can easily lose that and more between depreciation and trade-in loses. When I purchased my 6yr old Yukon Denali, it lost 64% of its MSRP value so I got a steal on it...would have sure sucked for the original owner who dumped it on trade.
    Last edited by MED; 03-25-2016 at 12:10.
    I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
    Thomas Jefferson

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