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Originally Posted by Dollarmansteve
It's simple, when you own a car you own everything, including the depreciation and the future maintenance costs.
When you lease a car you own nothing and only pay for the capital you consume.
Why anyone would want to have ownership of an asset that produces so much negavtive cashflow as it depreciates to $0 is beyond me.
Of course I am not speaking about High-end luxo/sport mobiles or $500 civics, Im talking about the $50,000 BMW or the $35,000 accord.
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True, but someone has to pay for the deprecation and the maintenance costs, and in both cases it's you... When you lease, you just pay for these costs monthly... when you buy, you pay for it upfront.. in the end you end up paying about the same...