Leasing seems like a good deal until you realize you’ve spent tens of thousands of dollars on a luxury SUV that you get no equity in once your term is up. Sure, you could spend even more money to buy it at the end of the lease, but at that point you’ll be paying more overall than the car would have originally been sold for – not to mention the car’s value will be in the midst of its peak depreciation phase, as the three-year warranties are ending. Keeping all that in mind, we suggest cutting your losses in favor of buying a five-year-old used Infiniti QX80, for example, that’s already past the worst of its depreciation, and your name will be on the title.
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