No harm in leasing a car. I leased a car in July 2004, its price was 849,000, I paid about 300,000 rupees interest+insurance during the five-year lease-financing period. After five year the same car was for 1,300,000.
If I had started saving the money for five years, I could never buy a new car as the prices keep rising and one always spends the savings on other things.
So for five years, I had the peace of mind as was driving a brand new car, fully insured just on the down payment of 223,000 (including one year full insurance).
Now after nine years I can sell this car for 1,050,000-1,100,000 in a matter of hours.
Who says leasing is a pain?
If you can afford the monthly installment there is nothing better than it.
Used cars are mostly problematic, you will be lucky if you get a clean trouble-free used car.
