Fleasing is for old people who don't want to maintain a car and have extra cash laying around. Financially speaking, I don't see a case where fleasing is preferable.
1. Let's say a good lease deal is $100 a month with $1500 down with 12,000 miles a year limit for 3 years. Total at end of lease is $5100.
2. You buy a $5000 car and drive it for 3 years totaling 36,000 miles. This car could probably be resold for $3500. Net cost to owner owner of $1500.
There are certainly circumstances where fleasing is more convenient, but financially speaking, it is a loser. That being said, there are those who enjoy always driving a newer car and it's impossible to put a price tag on enjoyment.
1. Let's say a good lease deal is $100 a month with $1500 down with 12,000 miles a year limit for 3 years. Total at end of lease is $5100.
2. You buy a $5000 car and drive it for 3 years totaling 36,000 miles. This car could probably be resold for $3500. Net cost to owner owner of $1500.
There are certainly circumstances where fleasing is more convenient, but financially speaking, it is a loser. That being said, there are those who enjoy always driving a newer car and it's impossible to put a price tag on enjoyment.