Buying vs. Leasing

kirbinster · 07-25-2005, 05:02 PM

Agreed, it probably does not make economic sense to lease a Hybrid. A hybrid is most economical when you buy it and keep it.

I just bought a used 02 that only had 7200 miles on it. The lady that bought it paid a premium to get it new and almost gave it away as a trade-in. Fortunately for her she has lots of money to throw around. For me it was a great deal as I got an almost new Prius for only $16,000! That is the way to buy a Prius.

galaxee · 07-25-2005, 05:10 PM

another point to consider- when you lease you're not eligible for the $2000 tax deduction...

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07-25-2005, 05:02 PM	#11
kirbinster Senior Member Join Date: Jun 2005 Location: Morris County - New Jersey Posts: 575 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Agreed, it probably does not make economic sense to lease a Hybrid. A hybrid is most economical when you buy it and keep it. I just bought a used 02 that only had 7200 miles on it. The lady that bought it paid a premium to get it new and almost gave it away as a trade-in. Fortunately for her she has lots of money to throw around. For me it was a great deal as I got an almost new Prius for only $16,000! That is the way to buy a Prius.

07-25-2005, 05:10 PM	#12
galaxee running WOT until out of fuel Join Date: Mar 2005 Location: central NC/ western WI Posts: 9,081 My Car: 2005 Prius Package: #5 Nominated 5 Times in 3 Posts TOTM Awards: 0 Friends: 21	another point to consider- when you lease you're not eligible for the $2000 tax deduction...