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Are car leases a scam?

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

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[–] • 0 pt

I can only tell you my procedure. I buy a new car with cash. I keep it ten years, or close to ten years. I then trade it in for next to nothing and buy another new car.

I buy new because I don't want to find that the used car I bought has major problems I didn't know about. The new car warranty is good for five years. If there's something inherently wrong with the drive train, the dealer fixes it for free for that period. When I buy new, I'm pretty well assured of at least three years of touble-free driving, and it's usually five years since I don't drive that many miles.

Could I be further ahead buying second-hand or leasing? I don't think so, not when you factor in the aggrivation of problems and the cost of fixing them. People who lease forget that they are responsible for the car. If anything happens to it, they have to pay to fix it. In the end, leasing is more expensive than buying new ... IF you keep the car for ten years.