Posted by The Famous Grouse on September 11, 2017 at 09:22:56 from (71.220.8.90):
In Reply to: Leasing posted by 41106 on September 07, 2017 at 20:31:35:
Quoting Removed, click Modern View to see
This^^^.
Leasing only makes financial sense if you fit the EXACT profile where leasing has advantages. Outside of that profile, there are no financial advantages to leasing.
Leasing works if you:
- Buy a new (new-new, not new to you) vehicle every 2-3 years.
- ALWAYS stay under the allocated miles.
- Are in a tax situation where the full benefits of leasing are reaized (almost always because of exclusive business use of the vehicle).
- Benefit from having no maintainance or repairs that cost money and take the vehicle off line.
Very, very few personal vehicle owners fit this profile, so leasing is nearly always a bad idea for personal vehicle owners who do not use the vehicle for business.
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