Quote:
Originally Posted by Red Bread
You know how there are cases where leases make sense and then cases where they don't? This is the latter. Buy something.
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I'm the a similar situation as the OP. I drive in excess of 30k a year. I bought two Audis in a row and used them like toilet paper. By the time I was done with my S4 after 5 years, it was garbage. It needed a new engine, it was constantly in the shop etc. It was so inconvenient to take it to my mechanic because I would have to rent a car, and the dealership was charging wayyyy to much. I started leasing and never looked back. A new car every 3 years, pay a couple thousand for overages, and less monthly. And yes, I did the math.
I did a 5 year projection. In 5 years I would have paid the same for a leased car as I would for a new car, except I would have a brand new car after 3 years. The only way that purchasing would be adventageous is if I kept the car after it was paid off... but then I would be stuck with an aging car with high maintenance.
Currently, I think the best solution is to lease my "fun" car and have a used economic car that I wouldn't mind keeping for 10 years. I would split the miles between my leased car and my owned car. That way, the wear and tear is split, and I still get a new "fun" car every three years.