I’m looking to buy a new car for work commute (about 40 miles a day or so) and deciding whether to buy or lease. My work commute consists of 60% highway, the rest is city driving bumper to bumper. Most of the roads are full of multiple potholes. I do about 450 miles per month.
There are special signing events where I can get a Jetta, Corolla, or a Prius C for $99 a month with $0 due at signing for 36 months with up to 12k miles every year. I’m not an expert at “financial math” but isn’t this a better deal than buying a car? Buying the car would be about $20K and require 5 year finance.
Every 3 years, I could just get a $99 lease and keep it going. All maintenance would be covered.
I have no idea how much more insurance would cost.
So is the lease better than buying the car?
Edit: I did a insurance quote for the Jetta and it’s about a $50 increase in the 6 month premium.