for cars it makes sense only if you really need to have a new vehicle every 3 years and you really need to have an all inclusive insurance that covers everything
otherwise you save thousands by taking a loan, get limited liability insurance, then sell it after 5-6 years
although the absolute savings (for a newish vehicle and not a shitbox) is to get a used one ex-leasing (max 3 years old, low mileage, all maintenance made correctly because the leasing company paid for it) then sell it after 3-4 years (or keep it until it becames a shitbox)
And also that the car dealer takes a way fatter commission on a lease (commissions on insurances, commission on the extended warranty) so (at least here in my country) sometimes they “accidentally” incorrectly fill the request form with “wrong” data (like higher income, different employment status and so on)
for cars it makes sense only if you really need to have a new vehicle every 3 years and you really need to have an all inclusive insurance that covers everything
otherwise you save thousands by taking a loan, get limited liability insurance, then sell it after 5-6 years
although the absolute savings (for a newish vehicle and not a shitbox) is to get a used one ex-leasing (max 3 years old, low mileage, all maintenance made correctly because the leasing company paid for it) then sell it after 3-4 years (or keep it until it becames a shitbox)
Heck, even paying for full comprehensive insurance, you still come out ahead by buying on a loan and keeping it for more than 3 years.
The crux is that decently priced loans are denied to the people who actually need it, but leases are not.
And also that the car dealer takes a way fatter commission on a lease (commissions on insurances, commission on the extended warranty) so (at least here in my country) sometimes they “accidentally” incorrectly fill the request form with “wrong” data (like higher income, different employment status and so on)
Google novated leases and you’ll see why you’re wrong.
They seems better, never heard them before, not a thing in my country