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I’m looking at leasing a car, and it sounds like a good deal. However there can be a big bill at the end and you’re throwing your money away instead of having an asset at the end of the lease. It seems a little bit like a jew trap to me. Has anyone here leased a car before? What are your experiences?

edit thanks for all the replies

I’m looking at leasing a car, and it sounds like a good deal. However there can be a big bill at the end and you’re throwing your money away instead of having an asset at the end of the lease. It seems a little bit like a jew trap to me. Has anyone here leased a car before? What are your experiences? edit thanks for all the replies

(post is archived)

[–] 3 pts

It depends on the terms of the deal, and how quickly a new car would depreciate. Most of the time new cars drop in value fast, but we're in a weird market. Bought a car right before the covid mania started, and last year the dealer was offering to buy it back from me for the same price I paid for it. It's impossible to predict the future, so you've got to figure out what risk you can live with.