Anonymous wrote:

Anonymous wrote:Leasing a car for personal use is being financially irresponsible.

+1

Not if you are only going to keep the car for 3 years.

Anonymous wrote:Leasing a car for personal use is being financially irresponsible.

+1

Audis get killed with depreciation because the cars aren't reliable past 6-8 years. So def consider a lease since it's foolish to own long term

Audi do a lease.

Anonymous wrote:You lose the same if you sell the car or lease it.
Banks are not dumb - they know the resale of a 3 year old car and get their money one way or the other.
I would lease and Audi due to maintenance issues, but if I were looking at the Lexus (100k range) I would buy that and keep it longer. Lower maintenance but more expensive car.

This isn’t true.

Audi Q7 done right, with nice interior color and all detailing can be breathtaking. It rides okay too. The price is really something that I like because it can be had for so much less then MB and BMW. I guess buying is better option after all.

Leasing a car for personal use is being financially irresponsible.

To figure this out and compare to a purchase, you need:
1. MSRP.
2. Residual value (% with the mileage).
3. Money Factor (if dealer is not willing to provide, walk out and find the next one).

You lose the same if you sell the car or lease it.
Banks are not dumb - they know the resale of a 3 year old car and get their money one way or the other.
I would lease and Audi due to maintenance issues, but if I were looking at the Lexus (100k range) I would buy that and keep it longer. Lower maintenance but more expensive car.

Just for the sake of simplification:

Car price 50K, car plus extra cost.. let's give it 55K more less.

Keeping it for 3 years.

How much the car would be worth to sell at 3 year mark - how much would I loose.

How much would cost the total cost of leasing of a car for the same 3 years in comparison with buy and loose money?