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There's no app because: - Cars vary widely in how they hold value (for example: http://www.autotrader.com/research/article/car-news/209232/2013-nissan-leaf-res
by colinyoung 11y ago
There's no app because:
- Cars vary widely in how they hold value (for example: http://www.autotrader.com/research/article/car-news/209232/2013-nissan-leaf-resale-value-forecast-lowered.jsp http://www.autotrader.com/research/article/car-news/209232/2...)
- Cars will always depreciate, houses will often _appreciate_
- Leasing is almost always the poorer choice, barring basically the one case where you know you will need a car for the lease term only (and will not be getting another car afterward)
- Domenic_S 11y agoLeasing is always worse unless you prefer to have new cars every 3-5 years. If you need a car for the length of the lease term only, it's better to privately buy a 5 year old Corolla/Civic for $12k and sell it 3 years later for $10k.