Originally Posted by Chriztofor
^ +10. There is no "right" or "wrong" answer. Just know the pros and cons for each.
Do you realize there are people who think that way about refinancing a home? As long as the rate is lower, there is no right or wrong answer if you should refinance or not. This type of thinking made bankers very very rich from 1998 to 2006. It may sound hard to believe, but there were people on this forum boasting about all the money they were making flipping homes. Of course they are now like turtles hidden away in their shells.
What would you tell your son or daughter to do, who just finished college, 21 y.o., and got their first 60k job? Whatever you would tell them to do, buy or lease, is the right answer.