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Always find it funny when people tell others not to lease.
Usually it's always people with lower incomes making the suggestion.
I own my own business so I take advantage of the write off and I drive a nice car.
2013 BMW active hybrid.
20k a year mileage allowance (buying additional miles is fairly cheap)
Had to put nothing down at purchase out of pocket.
Payment $650 a month.
Everyone I know that has similar income to me leases. Most people I know who make more money than me lease also.
Since I got my car last year I've had it serviced a few times as well as two popped tires (shout out to run flats) and haven't had to pay a dime.
Bought my work truck cash and have already had multiple additional expenses out of pocket due to maintence.
Not sure who gave you guys the mindset of comparing leasing to renting a home.
As a real estate investor I can tell you it's completely wrong. You lease nice cars because you know it has no value. You buy it an may end up stuck with a car worth less than what you owe if you try an re sell etc.
Owning a home you can create equity and appreciation. That's why you should buy a home rather than rent.
At the end of my lease all I have to do is turn my car in and get something else.
Thinking leasing isn't smart if you have the credit and means is a flawed mentality.
Higher networth individuals do it for a reason.
Again, this is all if you want a nice car. I do know people who have a lot of money but could care less on what they drive and buy cars for cash 25k and under.
If you weren't into luxury cars you're telling me you'd still be leasing? My roommates pops is a regional director for a company and is a Benz fan so him leasing makes sense because buying luxury is dumb IMO. But if you're not into luxury I don't see te benefit of leasing a Kia optima or a honda accord or something like that. These pretty much only require oil changes and tires/brakes every once in a while.