.

Nissans are no longer Nissan after Renault took them over.

They experience a lot of maintenance issues with prolonged ownership and use. Transmissions, engines, etc.

These are the big ticket items that effectively total a car when they reach 10 years of age.


Porsche, GMs, Chryslers, Jeeps, Dodges, and vehicles with CVT and GDI equipped components are having issues.

.

Since my job changed from 2 1/2 miles away to literally 9 blocks away from my home. Of course there were some who mentioned "Why aren't you walking to work?" When I responded I already walked 12 miles a day delivering mail, why would I want to walk even more, they tended to silently walk away.

Now retired, my current car, 4 1/2 years old, only 34,000 miles. Yup, you can say I'm doing my part to keep my carbon footprint minimal. Got into online argument with holier-than-thou relative who owns a Tesla who kept preaching about his 'Electric Car' and how I was ruining the planet with my dino-juice auto. He shut up when I questioned how his electricity was produced.

But, back to leasing. For you, it's working great. My elderly parents did a few cars as a lease. But, this last one, decided to go ahead and purchase for some reason. He'll be 85 in Sept, she's 81 last month. Yes, they did pare down to 1 car a few years ago. She's not the one to strike off like she used to want to. No idea why the change from lease to purchase to be honest.

I can see your argument though. Makes sense, and probably one I'll follow when I get a bit older (now 58, but retired)

sense from a financial perspective. That is what I like to hear!

the Maintenance Part. No grief if something goes south. And if you do Toyota,they are the best to deal with,need a new one,hey you deposit is good to go. No more out of pocket and as Seniors,you won't have to worry about being dinged for extra miles.

but if you can afford it, it sounds like it is more practical.

I like leased cars, that way I can buy a 3 year old car that has been taken care of for at most 1/2 the price.

We were responsible for getting it fixed but our insurance covered all but the $250 deductible.

You would get a pretty good deal on the car we are driving. We keep it in very good shape.

If something happens to the car while you have it the lease company can devalue the car when you turn it in, even if it has been repaired. This policy will take care of any difference in value. Enjoy your new wheels!

That’s all that matters.

I've been leasing since 2010. As a saver, I'm starting to feel guilty, but my ownership experience was so horrendous and I like the starting fresh every 3 years.

My tips are: 1) Only do sign and drive offers (no down payments!), and, 2) at the end of it, sell it at carmax (or trade it in) if you have equity. A lot of people think their only option is to turn it in, and dealerships benefit greatly from that misconception.

Good for you'all.

It's worked very well for us. We get 43 mpg on trips and it's a pretty comfortable car for it's size. Roomier than I expected also. Very happy with it.

I just felt like I did not own the car and it was never mine. All in my head, but I hated it.

Where I live it's all about the mileage. Folks with long commutes can't lease.

I am 79 , husband is 82. House and car are paid for, way I like it.

If you ever have to go into assisted living, you can always rent or lease
your home or have children live there. Of course, for others it may be
different.

Chances are you'll never run over the annual alloted miles.

My 2010 Honda had 76,000 miles on it when I retired in 2013 (a little more than three years after I bought it) - I drove 65 miles round trip to work for 16 years. That was six years ago. Now it has only 119,000 miles - that's 43,000 miles in six years, including a 1,200 mile trip to Canada once a year.

My wife's car is 11 years old, she only has 65,000 miles on it!

My dad bought a brand new Envoy in 2011 - year he died. She dumped his luxury car, pick up truck and boat. She wants a little Versa or Smart Car.

I'm going to check out this *gap* insurance.

My parents always paid cash for cars and I think she's just stuck on that. She's 73 and should enjoy her life - not worrying about keeping a car running for 9/10 years.

a thing about it. Now it's tiring and frankly my memory is not what it used to be.

And now - she ubers there.

My mom is like a *super uber user* She'll be 73 in November - and she point blanks says she can't have a single cocktail and drive anymore.

Dinner, Geva, cocktails? Uber
Association events? Uber
Golf and Mimosas? Uber



You guys know yourselves and what is going to work for you - and I'm taking your point and using it against her.

She's driven 800 miles this year.

check with your regular insurance carrier. Dealers mark it up and pocket the difference.

Now it makes sense to my feeble mind.

You are such a kind person.

I still have a partial tank of gas that I bought last January which gives you a pretty good idea of how little I use it. I’m thinking that it’s a lot cheaper to get my groceries delivered which I already do because I have tendinitis which makes it difficult to get around. If I want to go anywhere in town I can get an Uber, and if I absolutely need a car for the few long distance trips I can always rent one.

It would save me money on car insurance, or maintenance and gas. I’ve owned my car for years. It’s a Honda Accord which is a great car. Whatever I get for the car would be money put into my savings account. In the long run I would be saving much more money than I would spend on Uber’s or car rentals. This is good because I live on a fixed income, so my income could stretch more.

I will think about it.

On my first lease I asked what happens if I die before the lease is up. The dealer said just bring back the keys. Done and done! It's one less hassle for my son when I'm gone.

They refused to let the lease go.

He died.

They got it back. no problems.

Didn't hear any more from them.......but check the fine print.

It could have gotten ugly.

I'm retired, don't work anymore, and never go on trips and don't want to, so the expense of a new car doesn't make any sense to me. So I keep driving the Trail Blazer I bought new 15 years ago that only has about 80k miles on it. Its old, like me, but I like it and my dog likes it, it's nearly free, so I'll keep driving it as long as it keeps going without needing major repairs. If I do need to make a long trip I can always rent a car for the trip.

If it does break down to the point that replacing it becomes necessary I still don't want to take $30k out of my retirement account all at once for a new car. I always figured I'd find a good used car in that case, but I might compare leasing as another option.