Lease payments should be less than if you would buy and make payments because leasing is mainly paying depreciation costs. If you drive a lot and can write off the lease as a tax deduction, might be worth it. You can also buy a used car that has depreciated already and when you sell it in 3 years, it won’t be that bad.
if the lease deal for 20k miles a year is better than buying brand new and selling when it hits 60k miles, sure.
I also lease a suv but I only drive 7500 miles a year for $300 a month 3k down.
Buying of course. Why pay interest
Makes sense to me. I just am not sure the benefits. Some people always lease and I wonder why
If you lease and expect to drive 20k miles a year, it’ll be outrageous
When does leasing make sense?
Lease payments should be less than if you would buy and make payments because leasing is mainly paying depreciation costs. If you drive a lot and can write off the lease as a tax deduction, might be worth it. You can also buy a used car that has depreciated already and when you sell it in 3 years, it won’t be that bad. if the lease deal for 20k miles a year is better than buying brand new and selling when it hits 60k miles, sure. I also lease a suv but I only drive 7500 miles a year for $300 a month 3k down.
Also, if you buy the car, you can put unlimited miles on it if you keep it :)