Thinking about a new 2018 Yaris IA sedan ...

[Hamster]

Leasing is never a good financial decision. You pay for depreciation, and then some, and have nothing to show for it after you return the car.

[DarkShadowFox]

Originally Posted by Hamster

Leasing is never a good financial decision. You pay for depreciation, and then some, and have nothing to show for it after you return the car.

leasing is for people who are super rich and like to trade up or something alot right?

[IllusionX]

Originally Posted by Hamster

Leasing is never a good financial decision. You pay for depreciation, and then some, and have nothing to show for it after you return the car.

Depends what you want with your car. Leasing is a good way to lower monthly payments, and saves the hassle of selling the car 4-5 years later and dealing with people.

I do get tired of my cars. First car I had it for 2 years, but it was also beat up and it was a used car anyways. 2nd car, I had it for 2 years as well. 4000$ loss because it was a purchase.
3rd car.. got a lease. Bye bye after 4 years. Got rear ended and insurance decided to fix for 10k instead of totaling. The tailgate never worked properly afterwards. It was the best decision going on a lease

Now my Yaris was leased as well. Never thought I'd keep it, but I purchased it after the lease. Did the math, and it cost me <1000$ more to lease + buy back than it would if I purchased with a car loan at first.

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