QuestionGood afternoon,
I'm a 60 year old bachelor, no dependents and financially secure.
I do require another automobile and am weighing the pros and cons with regard to financing or leasing. I do not own a biz so the write off is nil.
My intention is keep my cash intact for other opportunities and sign a 36 month lease...for 12K miles...as my mileage will be less than.
I'm aware that financially a lease is typically less of a deal long term...and there in lies the rub, I have health issues and just might not be around 3 years from now...so figure why not drive an automobile with cutting edge style, technology and safety features.
Open for suggestions...thanks alot!
Ronald
AnswerHi Ronald,
Firstly let me say I am older than you and if I was to list all my health issues for the past 10 years I cant figure how the hell I am still kicking.
With no dependents coming into play it really comes down to lifestyle preferred on your part.
If I was in your shoes with the info you provided I fully agree with keeping cash intact for other opportunities and shop with a monthly payment I would feel comfortable with be it lease where after the term I would have an option to buyout or simply return vehicle and get another.
I would consider finance also providing I don't have to secure loan with any of my personal funds, I mention this cause if you retired showing no income the lender may want security.
Summary,,, shop with a payment in mind and go for the car that you fancy the most, be it lease or finance,,, had there been dependents involved we would be looking at a different picture. If you need help shopping I will be here to make sure you don't get taken to the cleaners,,, study my website and get back to me if you get confused.
Ray http://www.usedcartips.org/
