Originally Posted by HPIA4v2
the biggest myth is mileage on figuring lease vs buying, in actuallity you just have to ask how long you want to drive the same car, period.
If the answer is 3-4 year, lease make sense other argument is moot, if close to 7-9 years, buy.
even if you want to throw in what is more savy by asking financial advisor, 99% of the time they'll tell you buy and drive until the wheels fall off none will tell you lease every 3 years. If you start arguing about that advise go back to first sentence on this post! it's not rocket science, or what people tends to make it be.
For some reason people assume if you lease you don't have the option to buy-out the car. You don't have to continue leasing every 3 years, however leasing gives you the option of doing so.
You can finance 3, 4, 5, 6, 7 years, etc. and the same applies to a lease.