<prompt> Human: Im pretty good with finance but Ive been having a really hard time justifying buying a used car when leasing prices are so cheap so I wanted to bring it to my other fellow personal finance folks and get your opinion.For example case scenario if you purchase a used 2015 Hyundai Elantra heres the total cost of ownership: If you combine depreciation, maintenance and repairs youre losing 2300 a year. With a lease I can get a brand new Elantra for 150 a month with 0 down 150 x 12 1800 a year vs 2300 per year used carWhat am I missing? Why are people saying its Cheaper to buy?  <response>: Its because youre using the worst five years of a car purchases life as your metric. Eventually youre going to pay it off though and hopefully still have plenty of life left for many years of payment-less driving. Thats where you tend to make the rest up.And you can get an even better deal by buying used and letting someone else take the depreciation hit. 