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Leasing unless the manufacturer is doing something weird to hit quotas is equivalent to financing the car for 3 years and then selling it, so there aren’t big f
by ec109685 5y ago
Leasing unless the manufacturer is doing something weird to hit quotas is equivalent to financing the car for 3 years and then selling it, so there aren’t big financial advantages one way or another, with financing giving you more flexibility.
- rootusrootus 5y agoDefinitely you get more flexibility when financing, which is good if you like to keep cars a long time, or a short time. The latter being a surprisingly common situation. Some people figure a lease is a good way to have new cars pretty often, but don't realize that 3 years is still a fairly long time if you are a car spaz. It's nice, though, to pre-negotiate the end of the ownership experience, selling cars to private individuals is frequently a great big hassle and trading in is a great way to spend several thousand extra dollars just to avoid that hassle.
- 01100011 5y agoNot quite. Leasing lets me know what the car will cost me up front and I can decide based on those facts. Buying exposes me to the whims of the resale market when I decide to sell. I also have to deal with the distraction of actually selling the car. If I want to maximize my return, that means private party sales, which means exposing myself to potential fraud and unbounded hassles with potential sellers. I am generally not a fan of leases but I think they make sense with the changing EV landscape.