Post #4235271
2026-07-22 08:46 UTC
for cars it makes sense only if you really need to have a new vehicle every 3 years and you really need to have an all inclusive insurance that covers everything
otherwise you save thousands by taking a loan, get limited liability insurance, then sell it after 5-6 years
although the absolute savings (for a newish vehicle and not a shitbox) is to get a used one ex-leasing (max 3 years old, low mileage, all maintenance made correctly because the leasing company paid for it) then sell it after 3-4 years (or keep it until it becames a shitbox)
Replies (1)
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@Jason2357@lemmy.ca 2026-07-22 12:34
Heck, even paying for full comprehensive insurance, you still come out ahead by buying on a loan and keeping it for more than 3 years. The crux is that decently priced loans are denied to the people who actually need it, but leases are not.