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by colinyoung 4014 days ago
There's no app because:

- Cars vary widely in how they hold value (for example: http://www.autotrader.com/research/article/car-news/209232/2...)

- 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)

1 comments

Leasing 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.