Leasing Cars is a Waste of Money

How Seasonality Impacts Your Turo Business
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[Lakeman]

I will never lease again…the entire experience was unpleasant, the dealership I was going thru was as close to unprofessional as I had ever encountered…and above all they (GM)….and their affiliates will do anything to get another buck out of you in the end…never ever lease…

[davidarnovitz]

if you leased a car (Toyota in my case) at the start of the Covid, your residual was low. My dealer offered me 12 grand higher than my residual. So there was that.

[robertgrancich]

Always ALWAYS evaluate leasing vs buying. There is no single answer to this question, if leasing is good. Special rate financing, residuals or incentives can make leasing SOMETIMES the better buy.

[drwisdom]

Ms. Janik is right that leasing is bad financially. But she missed the most important reason. You get the lowest transportation cost from buying a durable vehicle, paying it off, and then driving it for many years at low cost.

[carrioncesar]

Leasing will only kick back into gear when the manufactures begin to subvent the money factor, residual and incentives.

[joelb]

If you know how to lease, then it's a great option. People who don't know how to negotiate a lease think it's bad.

[adawgg]

Clickbate misinformation. Leasing is almost always better than financing! Shorter contract terms, lower payments, less required maintenance, peace of mind from warranty, no risk of depreciation due to accidents and market swings, plus taxes paid monthly versus up front based in the whole vehicle cost. The factors as of late, that have caused a decline in leasing are a blip. This purchase method will return in a big way over the coming years as the smart money prefers this option overall.

[fpsroxie]

drive a camry and maintain it it’ll last forever

[ogg]

😂Leasing is great when you're driving on "natural beauty", non-grated dirt roads where schools actually take "mud days" in the fall and spring.

[revaddict]

I know someone who leased a new Mercedes for 1200 CAD.. 😂