Unless you’re writing off the car for business, leasing always costs more. When I see calculations above like $500 a month, they don’t include the down payment of $5000 which amortized over 39 months, the payment is north of $600.
With a lease, you can get dinged by big charges for going over the allotted miles, dings in the paint, unusual wear, etc.
Houses go up in value, cars depreciate the minute you take it off the lot (most cars).
I usually trade in our cars before you have to buy tires or every 2 years. I buy new cars because of the new technology and get rid of the older car because the lack of new technology. There are so many new features on the newer cars that they can almost drive themselves, even if they aren’t a Tesla. Our 2019 Nissan had the feature that it would steer the car in the lane within the lines, and with it adaptive cruise control, if it came up on a car, it would slow down or even stop based on the car in front of it, and then it would climb back up to the set speed when traffic allowed.
Also the backup cameras with vehicle braking if it sees an object in its way, blind spot monitoring, on and on
|