While my habits have been to run a car to the ground with no car payments, my significant other had been trading in his cars every three years and upgrading each time. The loss incurred in each trade in bothered me and so leasing became an attractive option if that were to continue. He traded in his leased 3 year old Edge for a new one. I considered buying it but the cost was still so high, I could buy a brand new lesser model with the same investment.
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