When you lease it, if you pay $300/mo for 36 months, that's $10,800 you spent on nothing once the 36 months is over. If you buy it, and say you pay $400/mo for 60 months, you will have spent $24,000 at the end of 60 months. At the end of 36 months, you will have paid $14,400. The difference? After 36 months is up when you buy it, you have 2 more years of payments, then NO payments after that. Plus, after 36 months, you could still sell the vehicle for an arbitrary $19,000, meaning you can get some of the money you paid back.
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How much does a Sienna toyota lease out per month compare to buying one?
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