Thanks for this question. I'm a HUGE leasing advocate and I'll probably do a deep-dive presentation at some point on why it's actually cheaper for a *qualified person to lease over a 10 year period vs. buying. In short, it's cheaper to lease a new 2017 Civic LX (~20k MSRP) 3 times over 9 years then it would be to own the first car for the same 9 year period. I use the Civic as an example, because: A. I work at Honda so I know it's true right now. & B. Generally leasing only makes sense for cars that hold their value well which is imports (japanese and south korean cars) and highline / luxory. American cars, sadly, lease out very poorly. As do most trucks.
Thanks for this question. I'm a HUGE leasing advocate and I'll probably do a deep-dive presentation at some point on why it's actually cheaper for a *qualified person to lease over a 10 year period vs. buying. In short, it's cheaper to lease a new 2017 Civic LX (~20k MSRP) 3 times over 9 years then it would be to own the first car for the same 9 year period. I use the Civic as an example, because: A. I work at Honda so I know it's true right now. & B. Generally leasing only makes sense for cars that hold their value well which is imports (japanese and south korean cars) and highline / luxory. American cars, sadly, lease out very poorly. As do most trucks.
Just the answer I wanted, kinda blindly assumed it would be cheaper to lease. Thanks for answering my question.
Oh yeah. Glad you asked it. Feel free to ask any other questions you can come up with.