Originally Posted by FStephenMasek
Why make the lenders wealthy and you poorer by leasing? It is far better to only buy what you can afford to purchase with cash. Nobody will regret being debt free.
The interest rate on the GC Limited I ended up ordering is 0.048%, which totals to $460 over 3 years. This is hardly getting the lenders rich, but it's moving cars for Chrysler. It's also not debt, it's a lease and a great financing tool because I have the option to exit (with a fee) at anytime. If I love the car, I'll take a short loan on it after the lease is up.
Given the extremely low cost of capital right now (1.9% at Penfed - basically the inflation rate), you'd be losing money not to finance the vehicle with a loan rather than paying cash. Put your cash into an appreciating asset like a home, etc.