Quote:
Originally Posted by M2siast
It's easier to figure out the cost of ownership in a lease. What you pay is what you get.
When you "own" your car as you mention, it's a bit trickier. You need to sell it to realize how much you actually spent on it.
You can buy a new car for $120,000 cash, and laugh at the $1,500 lease payments saying you "own it". But if you sell your car 3 years later for $60,000, you actually "paid" more than the $1,500 a month from the lease and didn't have an easy out (or the possibility of writing the lease payments off if you qualify).
There's no free lunch, and some outliers exist, but in general new car ownership = money.
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OK partner, slow down. I used to sell
and lease cars, so I know the pro's and con's of each.
I bought my car with 10K on the clock for less than $50K in 2019, and it's damn near worth what I paid for it today. And although I'm not selling, you can bet your sweet ass when I do I'll get it all back.
Go to someone else's playground, this one is taken.