You guys are somewhat correct in your negative feelings about leasing but as with all things financial individual situations dictate course of action. Case in point, if you are the type who gets bored with a car after a few years and gets rid of it to buy another new car, you stand to lose just as much $ (likely more) as the guy who leases cars. We all know the minute you drive off the lot in a new car you just took a bath in depreciated value. The only way a buyer makes out better on a new car is if he negotiates a ridiculous deal, pays cash (avoids interest) and then keeps the car for a long time and in excellent condition with low miles so at time of resale he can recoup top dollar. Not many people take that course of action.
Back to leasing, if you are able to jump on one of the advertised "great" leasing deals that offer little cash down and very small monthly lease payments you can do quite well. For those of you who would "never rent a car" do the math. What was your total out the door expense on the last new car you bought and what is it really going to sell/trade in for if you dumped it today? The difference is the amount of "rent" you paid over the course of ownership. Compare that to what someone on a lease may have paid. You might be surprised.
Back to leasing, if you are able to jump on one of the advertised "great" leasing deals that offer little cash down and very small monthly lease payments you can do quite well. For those of you who would "never rent a car" do the math. What was your total out the door expense on the last new car you bought and what is it really going to sell/trade in for if you dumped it today? The difference is the amount of "rent" you paid over the course of ownership. Compare that to what someone on a lease may have paid. You might be surprised.
