27th Jul 2020, 16:49
Wrong again. Buying a $30k car with cash or a loan, maybe it’s worth $10k by the time you get rid of it. You spend $30k and decide for yourself when you get rid of it. A lease you spend most of that $30k, get zero equity, are told how much you can drive it, and are told how long you can drive it. The depreciation, the fact that the dealer is essentially loaning you $30k for 3 years, and some extra for them to make a profit are ALL priced into the lease. Search “Dave Ramsey Car Lease” on YouTube. You don’t seem to really understand them.
27th Jul 2020, 14:27
Uh, no. There is this thing called financing that lets you buy a car without having to "take $30,000 out of your savings account". Yes, there is an interest cost, but once the car is paid for you now own an asset that still has value. At the end of your lease (at which, on top of the down payment you made when the lease started, you may have to pay an additional charge if the mileage on the car exceeds the allowance) you turn the car in to the leasing company and you have: nothing.
The only people who should LEASE a car are those who think they will impress others by driving a car that is more expensive than they could ever afford to buy. News to them, nobody is impressed when they find out you leased it.