I don't know ANYONE who would spend 10 years leasing the same car. My aunt leases and she gets a new car like every 2 years.Prodigal Son wrote:Yes, but in 10 years you will have paid $150,000 to drive a car that you could have bought for $40,000 and maintained for $1000 a year for a total of around $50,000. Admittedly there is a future value calculation on the initial $50,000 to take into account, but on the other hand you have to inflate the $15,000 a year lease vs the $1000 a year maintenance as the years go by.Standardshifter wrote:Be nice to drive a new 3-series or A4 for ~$400 a month, 15K a year with no maintenance costs or money down.
It's true that you will have had the use of three cars in the lease scenario instead of the one car in the purchase scenario. But then again, you will have paid three times as much.
And even if you leased for 10 years it wouldn't be $150,000. At most it might be $48,000 total.
Basically its the same as financing a car for a couple years, selling it off almost instantaneously, then financing another car.