SquishyEmerald OP t1_jed6dzd wrote on March 31, 2023 at 3:44 AM

Reply to comment by I-Am-Ron-Swanson in ELI5 Leasing vs Purchasing by SquishyEmerald

So that’s the thing—the lease payments are cheaper per month for three years than the loan payments per month for 60 months. I think my financial planner wants me to lease because he expects interest rates will be better at the end of the lease term.

I-Am-Ron-Swanson t1_jed7i6v wrote on March 31, 2023 at 3:54 AM

Possibly but none of us have a crystal ball. Yes payments will be higher because you will own the car in 5 years vs turning it in after three years or starting a loan, which will likely be much more than the lease and for another 5 years. It’s all just math. Play around with some loan vs lease calculators online.