What are some valid FINANCIAL reasons to lease a car? I honestly don't get it. It seems a complete vanity project & fiscal stupidity?

[DrPepper12]

[Dinklex3]

I’ve leased before. I simply didn’t want to buy a car yet. I was stationed in Alaska and didn’t know where I was going afterwards or if I’d even need to buy a car. I borrowed a car for almost 2 years turned it in early and got some money back, got stationed in Korea for 2 years, saved some money, realized I wanted to separate and would get a car once I went back to the U. S. Glad I did NOT buy the car since it was a Kia. Reasons may not be “valid “ for others, but it made sense to me & it was cheap and convenient at the time.

The only reason why I didn’t lease this time was because prices were “$400” and up & I knew I’d be driving a lot once back in the lower 48. It wasn’t cheap anymore & if I was paying a lot I might as well finance it. I loved my first car though. She did amazing in the snow and her name was Blue Jelly 🥰

[DrPepper12]

That makes sense. If your time/location compromised then yes

[Likes2drive]

If your own a business, it’s a good write off, but if you don’t keep your car for more than two years at a time, then it’s pointless buying a new one to keep for a long time, it’s mostly for people that don’t mind paying a bill every month and having a new car every two years or never having to worry about breakdowns since the car is only three years old at the longest time that they keep it

[exitseven]

Some people use their car for business and can write off the total expense of leasing a car. Some people like driving a new car but cannot afford 50-60 K to buy one.

[exitseven]

Thanks for the MHO😎

[DryGermanGuy]

Private leasing is a waste of money, for some businesses scenarios it makes sense.

[msc545]

The only reason is you don't have to come up with a down payment that is nearly as large.

[RedInnocent69]

Leasing is a tax flex. It’s only makes sense to deduct/manage as a business expense