This is sort of like two topics in one, but because it's both about cars, I thought I should put it in the same thread.
Firstly, has anyone ever seriously compared the alternatives of buying a car vs leasing a car? I suppose with buying a car, you have the comfort of knowing you own it, but it's a depreciating asset after all, so might not be worth to use money (which can appreciate) to buy a depreciating asset. On the other hand, if you lease a car, you can maintain a relatively new model throughout the times by changing it, but I'd imagine the cost of leasing wouldn't be small.
Secondly, does anyone here have a second car? If so, do you find it an additional financial burden to have a second car? I have a 2005 Holden Commodore which I love, but my dad keeps banging it up with scratches here and there. I remove the scratches, and he'll do it again in the next few weeks. I'm thinking about getting a very cheap car for him to drive, but thinking with registration and insurance costs, it might be quite hefty. The alternative is I just let go of my car emotionally and save up for a newer car later on.
Would appreciate any thoughts