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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At then end of the lease the dealership has your money and they have the car. You have nothing. How is that a good deal financially?[/quote]

It might be a good idea bcs you kept a lot more of your money to start-- it might be 8k to lease for 3 years and $25k to buy. [/quote]

What car can you lease for $8k including down payment for 3 years? [/quote]

Three years ago I leased a Civic for a total of $6760 over three years.  If I could find a deal like that, I'd do it again.  Basically 20,000 over 9 years for a car.  Could you do better buying a cheap car and keeping it forever?  Perhaps.  But factoring in long term maintenance costs that aren't a consideration for three year leases, I'd bet you will end up paying more.  And yes, you'll have a car in year 10 - but it's a 10 yo car that was cheap to begin with.

The key to this is not caring what you get on the lease.  No frills - you go to the dealership and ask for the special you saw advertised on TV, and don't be persuaded to get one model up because it's just $30/month more.  That's an extra grand over the term of the lease.  [/quote]

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