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If you lease a car you have most likely invested into something that you either cannot afford, or you'd better have some longer term plans.
Isnt leasing how most people get into luxury brands of 60k+ dollars? I dont see anyone dropping 1000+/month on just a car payment unless they either stretch that out incredibly long, have an incredibly huge down payment or makes huge amounts of money where 1k/month isnt a big deal.
We leased our X1 (4 years) and bought it out (3 years loan). Had to dump as much down payment as possible to make the 3 years work out for us though. Buying out in the midst of the pandemic helped the buyout price become far more attractive too haha (the used car market pricing was starting to creep upwards at this time).
I don't know how we could have gotten the X1 at all at the time without 2 car trade ins (2007 Versa + 2015 Honda Fit....not a lot but it helps) and another 10k on top of that. Oh and just so you know, we're not rich, we're pretty much middle class and we were pretty well off at the time (far better now than back then) but the financial gymnastics needed to make it work out (an emergency financial situation would not have hurt us for example) always makes me wonder how the hell some people can "afford" these things without the aforementioned shiton of money available to them.
I suppose the car payment (being a reasonable monthly amount) being the only real debt we had at the time (We were renting, and we had no piled up credit card debts or other debts) makes it manageable.
Compared to now where we have 2 car payments (2 more years for the X1 as of this writing, and 4 more years for the 86, both roughly the same amount per month) and a mortgage, credit card debts perfectly manageable (usually just pay it off outright every month) Theres no way i would have gone with or was willing to have a second car that was a luxury brand (affordability being one of the great things about the 86) without the X1 being paid off first.
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