So since you decided to use one end of the extreme with the Accord with extremely low depreciation, lets use the other.
Say you bought a Lincoln Town Car in 2003. MSRP is 40,270, base model, with nothing on it. Even if you put $15,000 down, almost half of the purchase price, and got 4.9% financing, you’d pay $44,169 total including finance charges to own the car for 3 years. If you sold it 3 years later, KBB is $13,070. That means the total cost to own it was $31,100 for 3 years.
Typical lease payment on this vehicle was between $450 and $500 with only tax title and registration down. Throwing out the extra $3000 in taxes and potential interest gained, the cost of leasing the vehicle is between $16,200, and $18,000. So you save between $13 and 15,000. This is just as applicable as your Honda Accord example.
So regardless of what finance god, i mean walter says, sometimes leasing is the right move for you.
