Quote:
Originally Posted by wayneman
On some of the forums i read a lot of villagers lease their vehicles. At our ages 60-? does it pay to lease over buying? Especially for people who have the money and wish to have a new vehicle every 2-3 yrs. I know financial advisors always stress not to have debt but, if you really don't care and have no heirs why not spend your money!!
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Leasing has always been a more expensive way to buy a car.
The only time it becomes a less-expensive way to buy a car, is when a manufacture convinces a 3rd party insurer, that the residual value of the vehicle, is going to be higher than expected.
Unless you have a tax situation that's going change the dynamic, "buying" is cheaper than "leasing", 99% of the time.
That said, if you figure you're going to be making a auto-loan payment for the rest of your life, "leasing" will get you more car for your monthly payment. You can drive a Buick, for a Chevrolet payment.
"Cash outlay" is different than "expense" (or "cost").