Nice analsys. Now I will be able to convince my parent to at least consider lease.

I agree with every point you mention except one:

Under Purchasing Con section:

"If you trade in or sell your car within the first few years, it’s going to potentially cost you a lot of money"

It is true that you pay more money for purchasing than leasing for the first 3 year. But you also own the bank less money because your paid off more.

Assuming one is selling the car at the same price as the residual value. The amount of money spend for purchasing and leasing is about the same here too.

Of course, it will depend on a lot of factor like interest rate, milage .... And of course the hassle of selling the car yourself.

Please correct me if I am looking at this wrong.

eel