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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Leases can be very logical under the right circumstances.
Case in point: my wife paid cash for a loaded honda pilot, sales price around $31k.
5 1/5 years later she had about 110k miles on it IIRC and traded it in on another vehicle and got about $6k trade in.
I worked out the numbers and showed her how it would have cost over $100 a month less to lease the darn thing and give it back after 5 years than it cost her to buy it.
It all depends on what they are offering. I would not even consider a 3 year lease but an attractive 5 year lease might make sense.
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