Does It Ever Make Sense To Lease A Car?

Does it ever make sense to LEASE a car? We often discuss buying used or new, but don’t often talk about leasing.
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[@justinjohnson2657]

Brian would be proud of me, I'm still driving an old Ragalier to this day!

[@Aki_Lesbrinco]

I've always seen leasing as paying thousands and at the end of the day having nothing to show for it. Granted, I keep my cars for years. I kept my previous car for 7 years. I bought a new one about 4 months ago, because the old one was way up there in miles and it started having different issues every month.

[@kpdkchristian2570]

We bought a car a few months ago, and they pushed leasing really hard. Lower payment, less risk (due to not actually owning), and even went so far as to suggest that if we crashed the car and injured someone, the dealership owns the car so they'd be liable and willing to foot the bill for a defense attorney. We just ended up buying.

[@Ryan-wx1bi]

You bought from a dealer? C'mon... We need to let them go out of business. Over there going so far over MSRP

[@clarkbolding5161]

I think they’re 100% right with what they said but left out 1 aspect
Leases make sense when you’re talking about super cars 300-400k+. You don’t have to eat the depreciation

[@jvansickle6094]

Leases are great if you are wealthy so it is not a financial problem, if you are extremely busy because your time costs more than getting your vehicle fixed and if you do not drive much.

[@zoraster3749]

I’ve done 4 leases, coming up on the end of this one.
I managed to get really good deals on the first two. I would run all the calculations with money factor and residual and negotiate down the net cap cost. I’d walk into the dealership with my spreadsheet and bypass the sales guy and go directly to finance. I’d typically get the car at or below factory invoice.
My first lease was on a Toyota Tacoma, awesome vehicle. When it was up I was lured to GMC which had a fantastic lease deal on a Sierra Denali. Unfortunately, I totaled the second one which forced me into the third one which the terms were so-so. I did a 4th as I was coming up on my mileage and it’s basically locked me into GMC which are now not leasing as well (might be the overall market).
Now on my 4th I really don’t care for the monthly expense and I’m way over mileage. I’m just going to purchase it in cash at the end of the lease and get off this train.
I get a big car allowance at work which is how I always justified doing it but I could have just as easily bought something and pocketed the difference which is what I’ll be doing going forward.

[@paulettecervenka2903]

Senior citizens. Don’t put a lot of miles on. Want to upgrade frequently so we get all the latest safety features. It’s a very small part of our overall finances. So for us, it works.

[@stevenrburgoyne]

Where I am, if you have a business, leasing a car can have tax advantages depending on the business. For example, you can write off the depreciation value of the vehicle from your business taxes if you buy a vehicle (based on a calculation provided by the government). If you lease, you can write of the whole payment. Typically, the lease is a much larger write off than the finance, but you don't own the car. That is about the only situation where it can make sense.

[@jmc8076]

True but as a past biz owner (sold) I took CA’s (chartered accountant) advice and claimed mileage + insurance. Canada’s per KM rate was/is pretty good. Math worked out similar w/o being locked into a lease. IMO do the math and check with CA/CPA. Cheers

[@th8132]

Going on 17 years with my car. Hoping to get at least 3 more or so.

[@jmc8076]

Scotty Kilmer has good videos on DIY maint. Keep track of expenses (cheap little mileage books make it easy.) Do math every yr on annual/avg monthly costs vs good used one. You don’t want to be nickel and dimed. Old saying. ✌️

[@sasukesuite1]

I have WAY too much fun driving my car. I can't restrict myself to only driving 10k-15k miles per year.

[@joshkund]

Everytime I had used car the amount of repairs equaled the same price as paying for a lease that would never an issue besides needing an oil change.

[@VideosVlogsThatsIt]

That means the brand of car is the problem

[@justthebrttrk]

I have a 2006 Corolla and spend about $300 a year on maintenance, mostly stuff I do myself like brakes and headlights or fluids. Sounds like you bought an unreliable branded vehicle.

[@joshkund]

@@VideosVlogsThatsIt huh that is a good point.

[@joshkund]

@@justthebrttrk think so, an older Subaru outback

[@VideosVlogsThatsIt]

@@joshkund Older subaru's had their issues, I thought you were going to say an american brand or nissan.

[@robertmarlo6668]

I have a 15 and 16 year old cars looking and running just fine … for some reasons, my friends are not happy with it lol

[@OPiguy35]

First thought the video was 2 seconds long and not 6min 2 seconds long…thought it was going to be a video of Brian just saying “no” (video end)

[@davidmilhouscarter8198]

A lease is a long-term rental.

[@sarashann]

"Financial Napalm..." The perfect description!

[@enigmathegrayman2953]

2024 average working citizens: it’s kinda hard to lease my van because, I LIVE IN IT!!! 😮‍💨

[@bigtime911]

My mom retired, live in country low mileage lease makes sense for reliable transportation

[@pauly5502]

I think it makes most sense when you have very young children.. don’t put your kids in a POS which is dangerous and will add stress when it goes into repair at this time in your life. Also, lease what you can afford! Not what you want

[@jaywalk6628]

Never talked to someone who did not regret leasing a vehicle.