Quote:
Originally Posted by dewilson58
That's not math................that's 
"Toyota Camry is often about the cheapest car to lease. Why? They hold their value." Kinda funny statement...............They hold value for both lease & buy.  |
Which is exactly why they are generally cheap to lease.
I'll try it another way.
If you BUY an automobile, you buy the entire car and you own what's left of it, when you're done with it. You have some amount of equity, but you paid for it.
If you LEASE an automobile, you only "buy" what you're going to use. When you're done with it, it belongs to someone else. You have no equity, because you didn't pay for it.
If an automobile has a particularly high resale value (residual), you can often lease that car for a lower monthly payment than it would cost to buy it.
I could show you the math, but if you don't understand the basics concepts between "leasing" vs "buying", the math won't help.