Toyota Camry: lease or buy?
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Answers ( 1 )
If you just want to keep a car for around 3 years and not driving too many miles every year, then leasing usually is the better choice. The reason is: if you owned the car and want to sell it after 3 years by yourself, you are almost impossible to get a price as high as the residual value in the leasing contract.
For the Toyota Camry, currently it has very good residual value for 3-yr lease term (greater than 60%).
However, if you want to keep the car for more than 3 years, or drives a lot of miles each year, then financing/purchasing it is the only choice.