Leasing a car seems . . . . . .

[Carsman]

 . . . . . . . . . .  like a waste of money.

When the lease is over, you give them back the car and have nothing to show for the money.
Although many people do it, so there must be some advantages. One disadvantage is having a low annual mileage allotted.

If you continue to lease another new car, then you are always driving a new car. Advantage to many.
But then you are also always having a monthly car payment, & paying high insurance rates because the car is always new.


In my state a "property tax" is levied on cars, and the "leasee" has to pay the tax even though not actually owning the car.

The property tax credit goes to the leasor on IRS return, not the leasee. Doesn't seem fair, but that's how it is.

So why do people lease cars? I always buy my cars out right, paying cash, so no interest paid to banks.

But now that I'm rounding 3^rd base and heading for home, I may be considering looking into leasing.

So do you lease your car, and if so, what do you think the advantages are?