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Yes, I have research it. There are plenty of studies on leasing versus purchasing and it is almost always better to purchase versus leasing.
Again, this is wrong. Depending on interest rates, personal preferences, and financial situation, it can be better to lease. For the general population who aren't financially savvy and have failed algebra, yes, it would probably be best to just go to a dealer and buy a certified pre-owned vehicle.
However, not everyone is so uneducated to the point where they're going to believe that one way is always better than the other.
The reality is that if you only plan to keep the car for a few years, leasing is the same as financing a car. In today's market where interest rates are so low, financing is better than purchasing a new car outright (for a financially savvy individual). If you're going to keep a car for a long time, you can still break even (compared to financing) if you choose to purchase the car at the end of the lease.
Where people fail, is that they don't see leasing as financing the option to own. They don't understand how it works and are not able to negotiate them properly. Take a look at the formula below. Now, we can assume that the demand curve does not change over time and we can cancel that out (you don't have to, but it's pretty insignificant with a depreciating asset like a car). What do you have?
Again, this is wrong. Depending on interest rates, personal preferences, and financial situation, it can be better to lease. For the general population who aren't financially savvy and have failed algebra, yes, it would probably be best to just go to a dealer and buy a certified pre-owned vehicle.
However, not everyone is so uneducated to the point where they're going to believe that one way is always better than the other.
The reality is that if you only plan to keep the car for a few years, leasing is the same as financing a car. In today's market where interest rates are so low, financing is better than purchasing a new car outright (for a financially savvy individual). If you're going to keep a car for a long time, you can still break even (compared to financing) if you choose to purchase the car at the end of the lease.
Where people fail, is that they don't see leasing as financing the option to own. They don't understand how it works and are not able to negotiate them properly. Take a look at the formula below. Now, we can assume that the demand curve does not change over time and we can cancel that out (you don't have to, but it's pretty insignificant with a depreciating asset like a car). What do you have?
Once again, you are wrong. Do the research, need a simple comparison?
Again, this is wrong. Depending on interest rates, personal preferences, and financial situation, it can be better to lease. For the general population who aren't financially savvy and have failed algebra, yes, it would probably be best to just go to a dealer and buy a certified pre-owned vehicle.
However, not everyone is so uneducated to the point where they're going to believe that one way is always better than the other.
The reality is that if you only plan to keep the car for a few years, leasing is the same as financing a car. In today's market where interest rates are so low, financing is better than purchasing a new car outright (for a financially savvy individual). If you're going to keep a car for a long time, you can still break even (compared to financing) if you choose to purchase the car at the end of the lease.
Where people fail, is that they don't see leasing as financing the option to own. They don't understand how it works and are not able to negotiate them properly. Take a look at the formula below. Now, we can assume that the demand curve does not change over time and we can cancel that out (you don't have to, but it's pretty insignificant with a depreciating asset like a car). What do you have?
Financing is not necessarily superior to paying cash if you don't qualify for 0% or 0.9% and would otherwise hold some non-emergency money in short-term fixed income or cash. Paying cash also can give an advantage if looking to get a home loan, get federal aid for college, or protect assets from lawsuits or entitlement programs. A personal vehicle is a legally privileged asset compared to cash in those situations.
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