You’re wrong. Leasing is sometimes the most cost efficient way to drive a new car. My lease is cheaper than buying. It’s not for poor people. It’s for anyone who wants the lowest cost way of driving a new car replaced every two or three years.
Great examples. Real life context.
Do agree in part, however the way I approach big ticket items is to lease anything that depreciates and purchase anything that appreciates, my current lease costing £5k over 2 years would of depreciated £8k over the same period had I purchased outright. My 2 properties on the other hand that cost £175k to purchase are now worth more than double, but I never go into any lease without knowing I could if needed pay off the outstanding. Agree there are those driving around in £30k vehicles who cannot afford to switch on the heating come winter.
This site is for talking about the savings that can be had with such a product. Even though we are all thankfully, welcome for our opinion of course but if leasing is cheaper than the decreciation of the vehicle in it's given time, then leasing is of a better option, if you want a new car every 2-3 years.
Why would I want to buy a new car? Just so I can say I own it?