Leasing Cars

I just discovered leasing as an option for getting a car as opposed to buying a car. I am not saying that it works for everyone but I am saying I think it makes more sense all around and here is why:

1. I don't care if I don't own my car

2. I don't drive too much, under 12K a year in driving

3. I don't think cars are worth buying because they depreciate in value and by the time you pay it off it is old and possibly has issues.

4. Having a newer car all of the time means you will have less problems down the road in general.

5. If anything major happens to the car it isn't my problem, it is the dealer's problem.

6. Best reason: it is always cheaper than buying

Here is a real case scenario:

I bought a 2007 Toyota Yaris for 15K base model, power nothing... I still have the car. It is now about 4 years old. 29/34 MPG for automatic transmission.

My wife and I just leased a 2012 Hundai Veroster for 275/Mo, 4 Years for 12K Miles/Year. The car is fully loaded, more gadgets than I car to name and it has a sun roof. 32/40 MPG for automatic transmission. That works out to 275*12*4 = 13,200 over 4 years.

My wife got a better car for less money than me and it is mostly worry free.

The only downside is if we choose to lease forever then that means renting a car forever. In my opinion, if you have the money then do it. Fuck owning a car that will just end up having a fucked up part at one point that will cost over a grand to fix. Plus you switch out your car every 2-4 years. Good deal in my opinion.

Overall I'd say this was a good deal.