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Old 11-22-2012, 10:11 PM   #49
fielderLS3


 
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Drives: 2016 Mazda6, 2011 Mustang 5.0
Join Date: Mar 2010
Location: Portage, Wisconsin
Posts: 4,049
Hyundais, like leases, are alike. They always look good on paper and upfront, and always are a bad idea in the end.

OP, you've been a good sport with the comments, but I would have to offer some serious advice and agree with many others here on leasing. A lease is the single most expensive way to obtain a car. The initial payments may be lower than buying, but unlike with buying, equity is never built, so the payments never end, so in the long run, you end up paying much more than you would if you just bought the car.

Even if you do trade up every 3 years, the lease will still be more expensive than buying. When you buy and trade in, you pay depreciation. When you lease, you pay the same depreciation plus a healthy profit to the lease company on top of that.
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