I own a 2005 Odyssey Touring RES that I bought for $2500 for the purposes of weekend jaunts with the kids and occasional daily driver duty. We’ve put about 15k miles on it, and maintenance/repair costs have been around $800 including me being OCD and having to fix everything that didn’t work or was worn. So if a tree fell on the van tomorrow and then it caught on fire (obviously it doesn’t have comprehensive!!!), the cost of it would be around $0.20/mile or $200/mo.
Does that mean that leasing is horrible because a new Ody Touring would be well over $500/mo?
Does it matter that it’s 14 years old, and when it sits in the sun on a hot day it smells slightly like the old people who owned it previously? Thank goodness the windows roll down with the keyless entry…
Does it matter that I have a garage full of automotive tools and enoy having a ‘project’ car to fuss over when I have free time? And if I hadn’t, the bill from the dealership to do what I’ve done to it would’ve been $6000+? Timing belt/water pump, valve cover gaskets, spark plugs, two engine mounts, lower control arms, tie rods, both sliding door rollers, navigation system, several interior light bulbs etc. Also parts on this thing are dirt cheap and there are several Odysseys at the local pick-and-pull to get parts from.
Does it matter that we have 3 other vehicles in the household in case it won’t start in the morning? (that happened last February, starter went bad)
Does it matter that it’s not the latest and great model, doesn’t have CarPlay or a panoramic roof etc? Oh the horror.
Does it matter that in my opinion the interior materials and quality are far nicer than a $50k 2019 Odyssey Touring? But someone else might be of the opinion that the big touch screen in the 2019 Odyssey matters way more.
Again this thread is endless and pointless IMO unless we want to discuss one specific vehicle and look at leasing new vs buying new vs buying used based on a specific set of personal preferences.
For the family van I strongly prefer buying used. For my daily I strongly prefer buying new. For my finacee I strongly prefer leasing. Different rationale for all of them. No one size fits all.