30th Jul 2020, 19:06
"Find me any wealthy person who leases cars." Are you trying to make me laugh now? Um, how about the vast majority of them. Save for those who buy Ferraris and Lamborghinis. It would be profoundly idiotic to do anything else. Why do you think luxury vehicles have such steep depreciation rates? Nobody wants to drive a 2015 BMW in 2020! Technology is advancing so rapidly the car is practically obsolete, not to mention they are built in the name of efficiency these days and have over-engineered components that tend to be costly to replace when they fail.
Oh and by the way, I am a financial advisor. I guess that settles that.
You asked for a link to an article. I am happy to provide. I don't want to overburden the server with the complete list.
https://www.forbes.com/sites/investopedia/2011/02/11/buying-a-car-the-worst-investment/#4c37d2006be4
30th Jul 2020, 18:50
I've never leased and never will. Anybody that I know that does usually likes a change every 3 years, which is the average lease period. Sort of makes sense, but is still throwing money away.