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Originally Posted by Gruntina
I wonder if people lease cars also for the reason is that they don't want to hassle with the breaking down or repairs? I know some people have the mentality that new cars do not break down like older cars when in truth they do but newer cars or lease are under warrantee?
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I don't see where this would make sense. If you don't want an "old" car, buy a car that is 2 years old just off a lease. It will still be under warranty. You'll get it for about 25% less than a new one, and the rate of depreciation at that point is slower than when it was new. Keep it for 3-4 years and then resell it. You'll spend a lot less in the long run than leasing a new car every 2 years.
And I agree with bjl584. A good quality car properly maintained should easily last at least 100,000 miles. I bought my Camry with 11,000 miles in August 1998. I've now got 94,000 and have no plans to replace it anytime soon. I kept my last Camry for 127,000 miles and I'm sure whoever got it after me got many more good years out of it.