Leasing may be a more expensive way to buy a car, but paying cash seems to be a more expensive way to drive a new car every 36 months.
The details are going to matter a lot but:
- If I purchase a $50K car today and then trade it in for maybe $30K in Jan. 2028 it has cost me $20K + tax
- If I lease a $50K car at $500/month then in 36 months it has cost me $18K
There will be other fees for both leasing and purchasing
If I purchase a car I will likely keep it more than 36 months
I drive too many miles for a lease at this time, but when my high-mileage years are over I will be looking into a lease
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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