﻿ Myths About Leasing-Kiplinger   Myths About Leasing  Myth 1:
Leasing a new car costs far more than buying it.  A hard look at
the numbers reveals that leasing can be as good a deal as
buying. Just as the lower monthly payments don't automatically
make a lease vastly cheaper, neither does the fact that you own
nothing at the end of a lease mean you're throwing your money
away.  To compare buying and leasing fairly, don't forget to
take into account the economic power of money you don't put into
a down payment or sky-high monthly payments on a purchase deal.
For example, consider a recent deal on a $35,320 car: a 48-month
lease for $359 a month and $2,646 down. At the end of the lease
you could buy the car for $13,775. That brings your total out-
of-pocket costs to about $33,650, assuming you pay cash at
lease-end rather than finance the purchase.  Buy the car for a
haggled-down price of $33,900, put the same $2,646 down and
finance the car for four years with a 6% car loan, and your
monthly payments jump to