so… at the end of 84 months you have ~something of value~. Or at the end of the lease you have… zero… value. Leases make very, very litle sense for the end consumer of things. And… like… used cars are a thing.
At the end of 7 years the car is fully depreciated. Optimistically it’s going to be worth 15-20% of the original value minus any necessary repairs. Legitimately, it could be worth less than zero.
Meanwhile, in that same time, you could have had 3 new cars with lower payments less maintenance issues.
so… at the end of 84 months you have ~something of value~. Or at the end of the lease you have… zero… value. Leases make very, very litle sense for the end consumer of things. And… like… used cars are a thing.
At the end of 7 years the car is fully depreciated. Optimistically it’s going to be worth 15-20% of the original value minus any necessary repairs. Legitimately, it could be worth less than zero.
Meanwhile, in that same time, you could have had 3 new cars with lower payments less maintenance issues.