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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)

[–] 2 pts

Car leases generally aren't worthwhile for consumers. They have some valid use cases for businesses due to the tax differences between depreciating capex vs deducting opex, and also for businesses who don't want the overhead of maintaining shared vehicles (if the company minivan is leased, it'll go back to the dealer before it accumulates enough age and miles to suffer serious mechanical problems, but if it's owned you can be assured that the half dozen employees in HR who use it to restock the office fridge or pickup office supplies will equally neglect it).