💡Leasing can be the cheapest way to use a new car if done right.
💰Buying a car can be more expensive due to depreciation and maintenance costs.
🚗Leasing allows you to have a new car every few years without worrying about depreciation.
📉Depreciation is the reduction in value of a car over time due to wear and tear.
🔧Maintenance costs can be higher for owned cars compared to leased cars.
Is leasing a car more expensive than buying?
—Leasing can be cheaper than buying if you consider depreciation and maintenance costs.
Can you modify a leased car?
—Modifying a leased car is generally not allowed as it may affect the car's value.
What happens at the end of a lease?
—At the end of a lease, you can choose to order a new car or not. The leased car will be returned.
Can you lease a used car?
—Leases usually apply to new cars, but some dealerships offer leases for used cars as well.
Is leasing a good option for someone who wants a new car every few years?
—Yes, leasing allows you to have a new car every few years without worrying about depreciation.
00:00Leasing a car is often considered a bad idea, but it can be the cheapest way to use a new car if done right.
03:40Depreciation is a significant factor to consider when comparing leasing and buying. Buying a car with cash can lead to a loss in value when it is sold.
06:43Leasing a car can save you money compared to buying, especially if the car offers good depreciation and leasing terms.
09:00Leasing may not be the best option for every car. It depends on factors like mileage, depreciation, and monthly payments.
11:01It is essential to weigh the pros and cons, consider your situation, and do the math before deciding whether to lease or buy a car.
