Leasing a car, say the experts, is a bad deal; you should always buy instead.
You’re seriously telling me that you’re not better off paying $189/month to lease your Accord than paying $583/month to buy it? That’s exactly what the difference would be if you financed a base Accord over 36 months at 1.9% versus a 36 month lease.
“Yeah, but at the end, I own it, dude.” Congrats! You own something that is absolutely, positively going to continue to depreciate, and you paid $20,000 to do it. Alternatively, you could have paid less than $7,000 to enjoy the same car for the same amount of time, and at the end, you can walk away from it, scot-free, into another new car with updated technology. So what if you don’t own it? Do you really want to own a three-year old car with 36,000 miles on it? Or would you rather bank that $400/month and get another new car?
I’m the wrong person to ask this, inasmuch as I own a 16-year-old car with 163,000 miles on it. And apparently I have finally worn out one of the fobs for the door locks: you have to push it twice to get the control module to acknowledge it even once. (And yes, I’ve changed the battery. I also have a spare fob which doesn’t do this. “Updated technology,” indeed.)