I'm not a big fan of leasing a car and never have. As a real estate investor, leasing can be a negative on our credit score and it probably affects our debt/income ratio too. I usually pay cash for my cars so I never have any debt associated with car buying. Also, I never buy luxury (my last 6 cars - chevy volt, hyundai veloster, old hand me down honda CRV from my wife, toyota matrix, old used 1989 acura integra, nissan 200sx....all base models)
After last night's announcement about pricing and options on Tesla model 3. First, man I love this car and this company.
Second, I'm thinking to myself, should I lease this car?
Tesla comes with so many new features so quickly. it's not like the typical 5-6 year cycle of new models. it's more like 6-12 months of great features/options being added.
So I know this is not the most fiscal thing to do but I rare if ever get excited about a car like I am with Tesla as a company and now the model 3.
I cannot wait to autopilot on the carpool lane in California and enjoy listening to Biggerpockets podcasts,etc..
My thoughts are.....Selectively, you have to start enjoying the fruits of our labor.
@Joe Kim Been thinking the same lately. Not for Tesla but to lease or buy. Some great deals out there on buy and lease. I always prefer having something to show for payments in the end but some leases look attractive.
@Joe Kim - It sounds like you know what the right thing to do is. If you can't buy the car cash, you are simply not ready to purchase it.
You have the devil and angel on your shoulder. The devil saying, "BUY IT, YOU DESERVE IT." The angel saying, "you're not ready yet. Wait until you have cash and maybe there will be an even better model out."
It's your choice who you listen to. Don't let your emotions take over your rational decision making.
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