The problem with leasing for me is the limited mileage. By the time I pay for the extra miles over what they limit me to, I end up better off buying. The trade in on a lease is no where as good either for the equity. Dealer usually offers me several thousand dollars less on a trade in than I can get selling outright. For example; my last car, a 2015 Forester, the dealer offered me $9,000. It was in perfect shape, not even a rock chip on the bumper. I sold it on craigslist for $13,000 on the first day to the first contact. I had 3 that day offering to buy it. I guess I should have asked more? Ha!That's a really interesting theory. You're riding the steepest part of the depreciation curve but also get a newish car always that's under warranty. It sounds similar to leasing. Have you ever thought of just doing that?
I’m surprised by this. I think Subaru charges $0.15/mile for overage. If you were over 3k miles/year (which is a lot), it’s still only $1,350 in extra depreciation charges for a 3 year leaseThe problem with leasing for me is the limited mileage. By the time I pay for the extra miles over what they limit me to, I end up better off buying
That's a very good question and one that AFAIK hasn't been answered. I believe there is a least one person who posted in these forums that they got stranded by a harness induced transmission failure after having had the TSB performed. If you have an affected SN, Subaru should have sent you a letter extending the warranty on the transmission to 100k miles....Edit: I suppose since I had the chain slip recall performed, then even if my harness goes bad, the new programming will not let it cause any damage? Is that right?
I'll compare again in 3 years, but each time I buy I have them work up the differences and it ends up to be worth buying vs leasing.I’m surprised by this. I think Subaru charges $0.15/mile for overage. If you were over 3k miles/year (which is a lot), it’s still only $1,350 in extra depreciation charges for a 3 year lease
if you buy and lost $17k in depreciation on your sale, over 3 years where you drove the same 15k/yr, that’s be $0.38/mile.
plus you pay full state tax for a purchase and only state tax for the depreciation on a lease. Some states do allow state tax reduction when you trade in your car, but if you are selling it private, you lose that option.
I’ve evaluated this many times. I’ve been glad I’ve leased my previous cars as my life needs have changed a lot over the last 3 vehicles I’ve owned. Hard to say if I will lease my Ascent which is in order right now. Still trying to figure that out.