I've leased about 10 cars/trucks/SUVs over the past 30 years. It started out as a great deal. I remember when Ford would lease a new Taurus for $199/mo for 23 months with no down payment. I did 4 of these. At the end of the lease I would buy the car and sell it, generally picking up $1,000 over my buyout. That really cheapened up the lease. As time passed, leasing became more expensive. Lessors found themselves upside down at times with thousands of vehicles coming at them that they would loose money on. That signaled the end of cheap leases. Now we just purchase our rides and sell them outright when we want to upgrade.
Leasing probably makes sense for business and those willing to pay a premium for the right to own a new ride every three years and generally always have something on warranty, but to most of us, leasing is expensive.
Leasing probably makes sense for business and those willing to pay a premium for the right to own a new ride every three years and generally always have something on warranty, but to most of us, leasing is expensive.
