I've never leased, or even considered leasing before. I have a daily driver that I plan on keeping indefinitely so no trade in. Just looking for a second vehicle to keep miles off my older car and to use when doing maintenance. I diy as much as possible, but due to limited free time some simple projects/repairs end up taking several days or weeks. So the second vehicle is basically a luxury rather than necessity.
If I lease a new car, and put well below the available mile limitation on it, is there any potential financial benefit long term? I estimate on the high end I will put a maximum of 5k miles a year on the second car. My thought is that the value will be higher than the estimated residual and, I could then sell the car for more than the balance owed or buy it myself at a very good price. I'm sure I will want to buy another car to replace what I have now at some point. And buying something that has been in my possession for a few years is better than buying an unknown used car.
Does this make any sense or am I confused?