Or worse! Often there's a gap insurance policy attached.
We leased, 3 years, cash out at the end is 16k for a car that you can't for 10K more than that. It's a no brainer for self employed or small biz owner.
Yep. Everyone gets advice to be rational and everyone wants to be rational about vehicles, but few people really are.
My wife wouldn’t be seen in a basic car. So we bought a couple (lower end) luxury vehicles. Since her family (100 miles away) is in the horse business, both cars have a lot more wear and tear than they ought to have from gravel roads and pastures. Short-term leases next time.