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Originally Posted by Ocean View
To me, it makes more sense to lease a car then buy/keep a used car out of warranty even though it is more expensive to lease. Especially since I can write off the lease payments in my business. I also don't mind having a new car every 3 years and can live without the maintenance headache.
On a side note. If you drive excessive mileage, then the numbers may work against leasing a car.
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Those are good points and if you can deduct thel ease payments, then you got it made.
In So. California, however, driving more than 12k or 15k miles a year is not considered to be excessive...it is par for the course.
It used to make sense to buy a Benz, cash (that's the cheapest way to buy a car) and keep it for the long haul knowing full well that the longer you held on to the car, the "cheaper" it became to own. W123s, W124s and W216s lasted for a long time and their upkeep cost was relative modest, thus justifying their initial expense over the long haul.
Not so sure that you can do that with the newer Benzes.
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Current Benzes
1989 300TE "Alice"
1990 300CE "Sam Spade"
1991 300CE "Beowulf" RIP (06.1991 - 10.10.2007)
1998 E320 "Orson"
2002 C320 Wagon "Molly Fox"
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