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I had a friend that was a cars salesman at a Mercedes dealership. I asked him point blank about the cost difference. He said the only way a lease really makes sense is if you have a company paying for it as a company car. Then of course, it is supposed to be for business use only. The tax write-off back then made it work. I have no idea what the tax difference would be today.
For an individual to lease a car it only makes seance if they really want a new car to drive, and are willing to pay the extra cost as they feel they really deserve it. Owning it is always better if you take care of the car. When the loan is paid off, you have a real asset if you bought the right car.
The insane depreciation of electric cars makes all of that different.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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