: High-income individuals often use leases to "backdoor" electric vehicle tax credits or to avoid being stuck with a car that might depreciate rapidly due to evolving battery tech. Financial Rule of Thumb

: Lease payments are typically lower than loan payments because you only pay for the car's depreciation during the lease term, not the full purchase price.

: Since leased cars are usually brand new, they are typically covered by the manufacturer’s warranty for the entire term, protecting you from unexpected repair bills.

: If you like having the newest technology and safety features every 2–4 years, leasing allows you to swap cars easily without the hassle of selling or trading in an older vehicle.