💰Leasing a car can be the most expensive way to acquire a vehicle.
📅In a 20-year comparison, buying and replacing a car every 5 years can be a more cost-effective option.
🔍Finding subvented lease deals and living in a state with tax benefits are necessary for leasing to be advantageous.
💼Investing the saved money from a lease does not guarantee a higher return than leasing costs.
💸Paying only for the portion of the car you use amounts to wasted money in leasing.
Is it more cost-effective to lease or buy a car?
—In a comprehensive 20-year comparison, buying and replacing a car every 5 years is generally more cost-effective than leasing.
Are there any advantages to leasing a car?
—Leasing can be advantageous if you can find subvented lease deals and live in a state with tax benefits.
Can I invest the money saved from leasing a car?
—Investing the saved money does not guarantee a higher return than leasing costs, and it may involve risks.
Should I only pay for the portion of the car I use in a lease?
—Paying only for the portion of the car you use in leasing can result in significant wasted money.
Can I use tax deductions to offset lease expenses?
—Tax deductions to offset lease expenses may not be accessible for most individuals due to the high income threshold for itemizing deductions.
00:00Leasing a car is the most expensive way to acquire a vehicle.
02:11Buying and replacing a car every 5 years is a more cost-effective option in a 20-year comparison.
06:40Finding subvented lease deals and living in a state with tax benefits are necessary for leasing to be advantageous.
09:40Investing the saved money from a lease does not guarantee a higher return than leasing costs.
11:35Paying only for the portion of the car you use amounts to wasted money in leasing.
