27th Jul 2017, 12:50

I have retired relatives well in their senior years. They do one year car leases. At first I thought it was foolish. But with no kids or grandchildren of their own, it was a pretty cool idea. They own everything but the car. They get to enjoy the latest vehicles and technology. Closed end lease with a loaner car and factory warranty. They spend 6 months in Michigan and 6 months in Florida. And make stops to visit friends on the way.

I have new vehicles myself and don't keep mine long. But I buy. Selling privately has negatives and isn't always easy with those in need of financing etc. So I get it. You could lease a new Cadillac and move on easily.

I am middle aged and really do not enjoy working on cars anymore. Even waxing and detailing isn't fun. When I was younger I had very few tools only for basic auto repair. Now being older I have 2 tall rolling tool boxes with every imaginable tool, compressor etc. But barely used. I use a wall mounted shop vac with a long hose more than anything else in my garage. That's how it works as you age. And you find you don't enjoy using tools as much. I now pay someone. The lease option may be an alternative idea for us that are in a similar age range. Keep it simple. Drop it off. Spend time for recreation.