re: Pros and Cons of Leasing v Buying a Vehicle

quote:

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Buying a new car is a bad idea and leasing one is too from a financial perspective.

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here's the disconnect- you're arguing used vs. new, whereas the thread title is lease vs purchase. Someone else pointed it out on the first page, lease vs purchase means the shopper has already chosen to obtain a new car. a lease vs purchase debate needs to be about the same, new vehicle (99.9% of leases are on new cars).

new vs used is a different argument- but yes, from purely a financial standpoint, purchasing a car that has already gone through the heaviest depreciation period and then driving it into the ground is the cheapest option. Whether that's the best option is up to the individual based on their needs and tastes.

in either instance, there is misinformation being spread in this thread.