No, I haven’t. Your attempt to insult me has missed the mark.
And you, as usual, have not posted for the purpose of contributing anything to the discussion.
Your posts are personal attacks. Not contributions.
A monthly payment to buy the car new on a 5-year loan would be about the same as the monthly payment to lease one for three years (including an amortization of the original $4K “down”), and the owner would be building equity. And the owner really would be the owner, with all the rights and freedoms of ownership. Deduct the equity value after five years and the monthly payments come out much cheaper.
Put another way, if you want to compare the lease payments to buying the car, you need to factor in both the 4K “down” on the negative side and the final value the car will accrue if it were purchased on the positive side. An assumption has to be accepted with a lease that either the car will need to be purchased at the end of the lease or another lease will have to be entered into, meaning payments will continue at least past the period in which the purchased car would have been paid off. And if the car is leased, a realistic analysis would also have to assume and factor in another $4K “down” for the next lease. Done that way, and that’s the only correct way to calculate it, the lease is a lot more expensive.
No calculation that does not factor in the vehicle’s final value if purchased, and the cost of continued lease payments until at least the point where the original car would be paid, off is correct. Nor is any calculation that ignores the reality that once the lease is up, There’ll probably be another $4K “down” to replace it… or a purchase agreement.
With a lease, the payments will never end.
Now, disagree if you like, but don’t post for the sole purpose of insulting me. I know that’s just who you are, but I’m sick of it.