Leasetrader.com

A few weeks ago I introduced the Peer-to-Peer lending site http://www.prosper.com/

I found another very interesting website: http://www.leastrader.com/, where you sell or buy your lease contract for your car.

Most Americans don't buy their cars but they lease/rent them. After the rent period, they can opt to buy the car for a certain fixed price or they can return it. The largest depreciation of a car takes place in the first 4 years so economically speaking this is definitely not a good idea. Hence, the largest part of the lease price will be the depreciation of the vehicle. Those leases are SIGNED and are therefore contracts. It is very difficult to get out of that contract, so if you want you can sell your lease on http://www.leasetrader.com/ If you want a car for only a short period of time, you can buy your lease there too.

We will never buy a new car, we prefer buying a car that has already depreciated.(+/- 4 years old)

In a few years, there is a possibilty we will buy a second (second hand)car.

Our list (in the correct order):

TOP 3 SUV's

Volvo XC90

Nissan Murano

BMW X5

TOP 3 passenger cars

BMW 530 sedan or break

Volvo S80

Volkswagen Phaeton

Oh my, the Lexus LS is of course way out of this world (budgetwise) but it is SO beautifull, makes me wonder if there is a God after all.

MSRP is $61k so you can probably buy it brand new from the dealer for $57k. That is about 40k euro ... for that amount you can only buy a BMW 3-series in Belgium ( 5k euro BIV tax + road tax and so on) No wonder people move to the United States. I would...