Is it better to lease and then buy off after 3 years vs buying outright? Someone told me it is but not quite sure why it would be better. Would appreciate if you can explain it to me

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Depends on the car and lease deal but most dealers will run both sets of numbers for you and it’s simple math to see which is better. Alternatively, get your own financing and compare that to the lease deal

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Highly dependent on the car and month. For leases, every car model and even trim level has a residual (1-depreciation %) and base money factor (interest rate) set by the manufacturer, and these change monthly. You’d have to compare this vs buying outright for the specific model+trim and time of year. Some cars “lease well” (BMWs historically) and some “lease poorly” (Porsche). If you lease well and are under-mileage, buying the car out will most likely put you ahead vs buying outright from the start.

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