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[quote=Anonymous][quote=Anonymous]Someone explain to me why buying is better than leasing a car -- here are some numbers:
I have owned a minivan for the last three years.  Bought it used for $26k plus $2k in taxes
It is now worth about $10k (dealer estimate aligns more or less with KBB)
That means it cost me $18k to have that car for three years, plus the cost of new tires, brake pads, and other maintenance.  So, cost of well over $6k per year to drive a used minivan.  
Now I'm looking for a different car -- a three-row SUV (because even though I have lots of kids I'm a little cooler now than I was three years ago).  A new Honda Pilot costs ~$38k.  A new Ford Explorer costs ~$32k.  BUT, I can lease a Ford Explorer for about $270/month plus taxes. and $3500 down  That means my 3-year cost to own would be somewhere around $15500 ($300/month plus $3500), less than the $18+ I just spent on three years of a beater minivan.  Everyone always says buying is better than leasing, but I'm not seeing it this time.  Thoughts?   I obviously would have the $10k from my minivan trade-in and probably another $5k to put on the down payment on something new, and then would finance the rest.  I have excellent credit. [/quote]

Buying a car seems like a bad idea in your case because you:

1) Bought the car at an inflated price due to buying it retail from a dealer rather than buying it private party. The car they sold to you for $26,000, they bought for $20,000 I bet.
2) Are selling the car at a decreased price due to selling it to the dealer again.  The dealer is going to take the car they bought from you for $10,000 and sell it again to the next person for $13,000
[/quote]

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