Quote:
Originally Posted by ///MPhatic
$1500 a month?
Glad I own all my cars/house. That's just insane.
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It's easier to figure out the cost of ownership in a lease. What you pay is what you get.
When you "own" your car as you mention, it's a bit trickier. You need to sell it to realize how much you actually spent on it.
You can buy a new car for $120,000 cash, and laugh at the $1,500 lease payments saying you "own it". But if you sell your car 3 years later for $60,000, you actually "paid" more than the $1,500 a month from the lease and didn't have an easy out (or the possibility of writing the lease payments off if you qualify).
There's no free lunch, and some outliers exist, but in general new car ownership = money.