correct me if I’m wrong, but with leasing, you put up this huge down payment / deposit, pay less each month than if you were to buy it, have a restricted amount of miles to use, and are required to give it back at the end of the term. If there is any damage to the car, or you went over on miles, you pay pretty good at that time.
If I’m buying, I can put little to no money down, pay a bit more each month, but I can use the car for whatever. I could drive a million miles with no penalty. get a couple scratches or a couple dings? no big deal. pay off my loan early, and either drive it till it dies with no car payment, or resell and start over again.
i’ve definately thought about leasing, but it hasnt made sense to me before. Of course, up untill this year, I was driving 25-35k/year. now I’m at about 12-14.