joebruin77
Active Member
Here is a helpful article from Consumer Reports on the leasing vs buying decision:
Leasing vs. Buying a New Car
The bottom line is that there is no one right answer for everyone. There are pros and cons to each option.
With one exception (when I leased a Chevy Volt), I have always purchased my cars. When making this decision, I put together an Excel spreadhsheet showing the total cost of buying vs leasing a car for a 10 year period. I included every single cost I could think of, including sales tax and also return on investing assets not put into the car. For me, the economics over this long period of time indicated that buying was better than leasing. That's why I decided to buy my P3D and keep it for 8 to 10 years. But that is what was right for me. I totally respect that someone else might prefer leasing.
Leasing vs. Buying a New Car
The bottom line is that there is no one right answer for everyone. There are pros and cons to each option.
With one exception (when I leased a Chevy Volt), I have always purchased my cars. When making this decision, I put together an Excel spreadhsheet showing the total cost of buying vs leasing a car for a 10 year period. I included every single cost I could think of, including sales tax and also return on investing assets not put into the car. For me, the economics over this long period of time indicated that buying was better than leasing. That's why I decided to buy my P3D and keep it for 8 to 10 years. But that is what was right for me. I totally respect that someone else might prefer leasing.