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> Leasing enables one to have a new car without taking the depreciation hit. That's not accurate. With a lease you're just paying for the depreciation directl
by rootusrootus 6y ago
> Leasing enables one to have a new car without taking the depreciation hit.
That's not accurate. With a lease you're just paying for the depreciation directly, at a predetermined rate.
It can definitely make sense, though. I leased a Bolt for my wife for $6K for three years. Even if she only drove it once every week or so it would be hard to do on-demand rental for less.