I have never leased before. I stumbled across this site and have spent hours browsing, but I am still confused on whether buying or leasing makes more sense.
Previous to this, I have always purchased 4-5 year old cars used private party around trade-in value. This time that is proving difficult.
Needing a mid-size AWD SUV. Options are:
- Open to leasing any model with AWD, and leather.
- Buy a Lexus RX350, or Mazda CX-50, or Toyota Highlander
Is there any scenario where leasing would result in a lower cost of ownership versus buying? I would buy cash. I figure whatever we buy would be kept for 6 years. So that’s two leases worth of ownership.
If total cost of ownership is the most important factor, which direction should I go?