Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day.
Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you’re seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.
Yes 1. is the norm and of course you have to look for good offer and not just get the first one you see - same as with buying. For example, I used to lease a $90000 car for $240 / month with no money down, and including all-risks policy. It’s almost too good to be true, but possible because the maker had a “lease our cars” campaign running when I was looking for one.
Meaning this price is subsidized by the maker for marketing reasons for a limited time.
But I had to compare offers for about 1 week and had to be flexible with the choice of car, if you want to lease your “favorite car” regardless of campaigns and special offers, then it’ll be too expensive as you say.
You’ll have to pardon my skepticism on that claim of a $90,000 lease for $240/mo, even subsidized to the moon. Combined with the earlier statement that they were all employer-provided.
Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day. Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you’re seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.
Yes 1. is the norm and of course you have to look for good offer and not just get the first one you see - same as with buying. For example, I used to lease a $90000 car for $240 / month with no money down, and including all-risks policy. It’s almost too good to be true, but possible because the maker had a “lease our cars” campaign running when I was looking for one. Meaning this price is subsidized by the maker for marketing reasons for a limited time. But I had to compare offers for about 1 week and had to be flexible with the choice of car, if you want to lease your “favorite car” regardless of campaigns and special offers, then it’ll be too expensive as you say.
You’ll have to pardon my skepticism on that claim of a $90,000 lease for $240/mo, even subsidized to the moon. Combined with the earlier statement that they were all employer-provided.
Never said all. Used to, and current, are different things. Also I’m not living in the 2nd world but a country with consumer rights.