All other things being equal, yes they do. The replacement/repair costs are a huge function of the cost of insurance. Safety features, not so much
https://www.thezebra.com/resources/research/new-car-tech-wont-lower-insurance-rates
Not to mention ability plus tools. I possess a dearth of each. Hell I can screw up changing a light bulb. The whole “no fuss no muss” aspect is worth a great deal to me as a serial leaser. However, that’s juxtaposed with a nice household income whereby we don’t have to necessarily assign a name to each dollar or make every penny scream the loudest value it can.
Errrrvody is in a different situation and has different values on convenience and time saving.
As always, my two pennies. Put an additional $8.98 with that, and you can enjoy a taco plate at the Sinatra tribute tonight.
You’ll spend $7,200 over two years on your lease.
I’ll spend < $600 during that entire duration on my Route 66 policy, leaving me more than $6,600 for wear and tear items (since repairs are covered).
Not sure how you get to < $1,000 a year more for the lease scenario. $6,600 in two years buys a lot of tires and shocks.
If someone has the means and wants to pay for the luxury and convenience of serially acquiring new vehicles, okay, but call it what it is.
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Most people are too lazy.
Most people don’t want to deal with repair costs because they don’t have the money to spend all at once.
Most people would rather spend $300 a month (the average lease in the US is closer to $500, btw) on a new vehicle to avoid an occasional $1,000 repair bill because their Capital One and Chase and all of their other credit cards are maxed out with other stupid things they picked up over the past few years and also couldn’t afford.
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Some of you are no fun.
I save, I spend.
I take my family on vacation 2-3 times/year.
Work hard, play hard. Can’t spend all of your time working and mixing octane at the 
Retiring early sounds nice, and if one can contribute to their various savings vehicles and also make sure they’re enjoying their hard earned money, fantastic.
Regardless of what some experts say, I’d rather not pay my low interest mortgage off early. I’d rather spend that money on enjoying life now and building memories with my family.
If it’s between an early retirement and taking all that time for vacation then, or sticking it out a little longer to do some enjoyable things now, I’ll take the latter.
Not looking for agreement or an argument. Just my 
on life.
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I’m a big fan of life’s luxuries, and I’d list a couple of very recent examples but we all know how that ends. 
I’ve also made some really impulsive (stupid) financial decisions that have held me back from accomplishing bigger things, and I’ve learned from those regrets.
I firmly believe that over the long term more people will be better served by a series of conservative financial decisions punctuated by the occasional splurge, compared to the other way around.
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wish i could do that, not afford 2-3 vacations per year, but actually have the mental strength to spend so much time with my family. 
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Lol!
Good response and I appreciate the contribution.
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Yikes! I hope none of them are LH members.
Entire Lh has fewer nuts than my family.
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thats a ton of mikes.
$6600? Are you forgetting to add in the 2 years of depreciation of your used vehicle? Just bc you pay for it upfront in cash, doesn’t mean it doesn’t cost you anything to own in.
On the other hand instead of spending 20k on a used car. I can take that 20k and make 2k a year off it. Almost $200/mo. Meanwhile I put $0 down on my lease. Sounds like you get to drive a used car and the leasee gets a new car every 2 years for about the same amount…
Most people don’t have 20k cash either. So they’re paying depreciation, repairs and interest…even less desirable.
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Over the years I’ve bought several new Audis and have calculated exact cost of ownership less tires, brakes, and routine Audi care.
Car 1. 2013 S5 bought new in 2013. 78 months, 99,000 miles, $55,850 total cost to drive includes extended warranty and factors in current carvana trade in value. $716 per month.
Car 2: 2014 S5 driven 69k miles in 48 months, total cost $759 per month includes extended warranty and factors in trade in value (car already sold).
A new S5 lease would be about $750/mo total cost of lease including everything so I’m really not saving anything by buying but it generally saves the hassle of changing cars which I don’t really enjoy.
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But if the numbers are equal you get a newer/better car more often.
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I’m just trying to understand here, you bought two s5 in one year and while having the first s5, you drove the second one for 70k miles?
Company cars. I drove one of them, another exec drove the other.
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Yeah I’m basically saying that even with 15-17k miles per year a lease is not much more cost, if at all.
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Newer better and not having to deal with a warranty company. Do they give loaners so you can drop it off and go to work after? Doubtful. I always had issues with warranty companies in the past. Luckily I’ve never had issues with brand new cars being a lemon. It does happen though, but most companies will give you a comparable loaner.
If your getting a hacker deal on a lease I think it almost always makes sense. If you’re paying $3000 down and $400/mo for a Camry then purchasing is a better option.
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Ah got it!
Preach it Jim
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