Quote:
Originally Posted by Grady
If you are keeping it there is no reason to lease, and there is usually no good reason to lease anyway.
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Not completely true, there are a number of reasons why leasing could be better option for you. There are individuals who love the lease concept, they get a new reliable car every few years and pay a low monthly rental fee to use it. (
If you have the cash to buy the car outright you should still lease or get a low interest loan. Stick the cost of the car in your long term investment portfolio and come back in ten years. The low interest rates and in some cases the depreciation will easily be out-matched by a managed long term investment. (If you don't believe me do the maths).
Electric vehicles should always be leased, the combination of the tax incentives, low resale value and changing technology makes leasing the only sensible option.
I agree if you don't have the cash in the bank and you keep cars for more that 5 years then then a low interest loan is the way to go.
In the interest of full disclosure I have never leased a car, I keep my cars too long.