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<blockquote data-quote="Allen" data-source="post: 33863" data-attributes="member: 389">I think Sweeney summed it up for me.&nbsp; The guys writing the lease terms have done the math.&nbsp; IF, and only if, you were to put on exactly the lease allowed number of miles do you get the full value for your lease based on the economics in play when the lease is offered to you.What happens at the end of the lease is a different story, if the vehicle is well below the allotted miles, then it's a good idea to buy it at the already agreed upon price.&nbsp; If it's well over, probably not a good buy on your behalf.Personally, I don't like leasing for private use.&nbsp; As someone else noted, if you have a means of writing off the lease for your taxes, that changes the math.&nbsp; Then again, you can also claim depreciation on a vehicle purchased for a business as well.&nbsp; I am picking up a new vehicle over the next week, or so.&nbsp; I will be buying, it's the only way to fly.&nbsp; If I can't afford the sticker price or monthly payment, then used is the way to roll. I looked recently at the 5-year total cost of ownership for mid-size SUV's recently, it was right around $50k for depreciation, interest, repairs, insurance, gas, etc, etc.&nbsp; Ouch!</blockquote>

[QUOTE="Allen, post: 33863, member: 389"] I think Sweeney summed it up for me. The guys writing the lease terms have done the math. IF, and only if, you were to put on exactly the lease allowed number of miles do you get the full value for your lease based on the economics in play when the lease is offered to you. What happens at the end of the lease is a different story, if the vehicle is well below the allotted miles, then it's a good idea to buy it at the already agreed upon price. If it's well over, probably not a good buy on your behalf. Personally, I don't like leasing for private use. As someone else noted, if you have a means of writing off the lease for your taxes, that changes the math. Then again, you can also claim depreciation on a vehicle purchased for a business as well. I am picking up a new vehicle over the next week, or so. I will be buying, it's the only way to fly. If I can't afford the sticker price or monthly payment, then used is the way to roll. I looked recently at the 5-year total cost of ownership for mid-size SUV's recently, it was right around $50k for depreciation, interest, repairs, insurance, gas, etc, etc. Ouch! [/QUOTE]

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