[Bring_Back_Shantz]

Originally Posted by TylerSVT

Leasing cars makes no sense IMO.

While the rates are lower you are effectively renting a vehicle because often the buyout is more than the value of the car. I couldn't justify spending 300+ dollars a month on a car that i technically do not own.

That's not true at all.
It's actually working out cheaper for me to lease my truck for 4 years and then buy it out at the end of the lease.

If you sit down and figure out what you're actually paying on the car, and what you intend to do with it (keep it long term, turn it in after the lease, whatever), it may be a better idea to lease, or it may be a better idea to buy. But you won't know until you sit down and actually figure out the whole cost.

In my case, if I have the cash to buy it out at the end, them I'm actually ahead about $1000. If I have to pay it off over 2 years on my line of credit, then I'm breaking even, but I'm actually paying it off over a longer period, so there's added value with that.