i don't deal with new cars but i can still tell you most peoples reasoning.. if you think of cars as just a monthly cost appliance rather than something to own then leasing is an easy way to cycle through new cars pretty often at whatever monthly cost. they don't need or want to own the car, they just pay to use new ones.
>>14223802 I don't lease, but I understand the rationale behind it. If you're the type of person who wants a new car all the time, it's worth it to lease than to buy and sell because you're saving money on depreciation.
If you're the type of person to keep cars longer than 3 years, then leasing will never work for you.
>>14223802 1. It's a business write off. There are several tax incentives to doing it
2. Buying a modern luxury car is a bad idea with all the proprietary computer parts they use. The S550 tires alone run $600.00 a piece and are only good for 20,000 miles. Buying one of these cars sounds like inheriting a money pit
3. You're always in a new car ever 2-3 years
4. Why buy a depreciating asset. I understand some muscle cars are worth owning but the cars worth buying outright are for enthusiasts, not some guy looking for a nice DD
5. Zero liability. Anything happens to a lease vehicle, it's the dealership and not your property.
>>14223882 This. It's actually stupid to buy a new car compared to leasing then assuming you fall in love with it, buying it at the end of the lease. If you don't love it, switch out for something new.
Buying a new car is pretty much the dumbest thing you can do with your money next to burning it.
>>14224003 Only taxed once anon. It's illegal to tax the same product twice in that way as you are not starting a whole new process, but converting a contract. It may be different elsewhere, but in IL that's the way it goes.
>>14223802 >constantly driving a new car Very little in the way of mechanical failures and when they happen its under warranty >not eating depreciation Most new cars lose 20% of their value as soon as you drive them off of the lot
>>14223802 Its known fact that of you have a lot of money and steady income you shouldn't bug expensive cars, just lease. They become money pits because they lose value I plan on having a fun car that is /o/ tier like a toyobaru with an engine swap And if I do make a lot of money lease out expensive cars which I would drive to work and events and shit
Lease an electric vehicle? >Even more government/state incentives >Ride free in toll roads/carpool
My dad "saves" hundreds of dollars a month as well as literal hours of time a day (commutes in fucked up California 91 traffic) because he can ride in the carpool/toll free by himself - compared to buying any gas vehicle outright. Also doesn't have to deal with those darn electric vehicles shitting themselves, being outdated, etc.
>>14223802 for a lease period modern cars are more reliable even the shit ones for $1000/pa you get to spend your time in a nicer driving environment than you would if you spent that money on some 90s shitbox i'd rather use my savings for a house or invest in my business
>>14224389 lmfao you have a very poor financial education. someone like bieber can afford to buy because the depreciation on a shitbox is nothing to him or he can buy something like a p1 just like that and never suffer depreciation at all. almost every lease contract will allow you to cancel should you lose your job or go to prison or other VALID reason without it affecting your credit rating. if you are worried about job/financial security the thing to do is maintain a good amount in cash savings at all times, not blow the lot on a car you tard
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