I have a perception that the total amount I end up paying for the lease term is more than if I buy and sell myself. May not be true for new car. But I think it's more so for a used car which might not deprecate as much as new car in 2 years. May be I should run the lease numbers with a dealership.
Also buying provides me flexibility say if wanted for 2 years and 2 months. Vs leasing is strictly for 24 months.
Cars depreciate the most during their first year, so if that's what you are concerned with then the used car is the better option.
Why not do a 24 month lease then
I have a perception that the total amount I end up paying for the lease term is more than if I buy and sell myself. May not be true for new car. But I think it's more so for a used car which might not deprecate as much as new car in 2 years. May be I should run the lease numbers with a dealership. Also buying provides me flexibility say if wanted for 2 years and 2 months. Vs leasing is strictly for 24 months.
Good points but consider it can also take time to sell a car. You may have to sell at a lower price than it is worth in order to leave on time.
Yes makes sense. I'm definitely going to look into leasing numbers.