Quote:
Originally Posted by spazzyfry123
While it may not be directly related to the thread, I am enjoying the conversation of lease vs own as an individual that has never leased something before and really doesn’t understand the advantages entirely. In the past, I really haven’t given it much attention because of the mileage restrictions. I also can’t say that I understand what happens when it’s time to return but you’re considering purchasing. What are the drivers for you guys that choose to lease over purchasing? I purchase thinking I’ll hang on to the car, but I generally find myself losing my ass when I realize automotive ADD prevails.
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In most cases, you can get a more expensive car with the same monthly payment. You can also drive newer cars as your lease will be up every few years and you can lease another newer car. In that case, you simply return the car to the dealership (hopefully you haven't gone over your mileage allotment).If you own a business, there are tax advantages to leasing.