Quote:
Originally Posted by Winsor_Pilates
So by this example, the owner could sell the car for $7000, have a net cost of $6,440 and $7K in capital.
Owning still wins
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Depends on your situation. Some people might not be able to afford the extra payments. Some people might have better investments with the extra payment money.
It's also a major hassle to sell a vehicle.
Leasing allows you to change vehicles easier and lets you stay in a new car under warranty. Some people might not want to stay in their entry level vehicle for years on end.
All it takes is one major repair (or a couple small ones) beyond the warranty period to make the lease better economically in the long run.
There are obvious advantages to both situations. You can't say that financing is always the better option.