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by acolumb 2077 days ago
I also think that leasing or buying used negates the car-rental argument. The costs of owning a used sedan are very low, and the on-demand convenience imho beats renting a car for $8/hr. Leasing enables one to have a new car without taking the depreciation hit.

Own what appreciates, rent what depreciates.

1 comments

> Leasing enables one to have a new car without taking the depreciation hit.

That's not accurate. With a lease you're just paying for the depreciation directly, at a predetermined rate.

It can definitely make sense, though. I leased a Bolt for my wife for $6K for three years. Even if she only drove it once every week or so it would be hard to do on-demand rental for less.