Need to get a new car. My financial planner says I should lease, but what happens at the end of the 3-yr lease term if I want to buy it? And why is this ever the right move if I plan on keeping the vehicle until it dies? I just don’t get it, ergo this question to this sub. Thanks in advance!
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Leasing, at least here in Canada, has some tax implications if you use it for business so all the sales guys where I used to work leased their cars to write part of it off. Plus the buy out can often be less than the used sale price so most of them would then buy it out and immediately privately sell it before leasing a new car.
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