Submitted by Jeom049 t3_11cuwf3 in personalfinance
Jeom049 OP t1_ja5fdr4 wrote
Reply to comment by MrsBeauregardless in Is this a Good Car Lease deal? Toyota Corolla LE 2023 by Jeom049
what if one is upsidedown because of market values at the time of the 2nd or 3 year mark?
Eragahn-Windrunner t1_ja74izl wrote
Even before car prices went completely nutso, Toyotas were pretty good about holding their values. And at the end of the day, at least you have an asset worth something.
If it helps make it more clear why everyone is recommending you not go through with a lease, here’s a mental exercise. Purge the word lease from your vocabulary. The word you’re looking for and will be using is now “Renting”. That’s why it’s such a bad idea.
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