Why Rich People NEVER Buy Cars!
In this monologue, the speaker argues that the primary goal when acquiring a vehicle should be minimizing total cost of ownership over the usage term. He explains that buying a new car leads to rapid depreciation—about 60% of its value lost within five years—and incurs maintenance expenses once the warranty expires, reducing flexibility. By contrast, leasing a car for a short term (e.g., three years) keeps the vehicle under warranty, eliminates most maintenance costs, avoids resale hassles, and limits depreciation exposure. He illustrates the point with a personal example: leasing an Audi RS6 for £595 per month, requiring only tire replacements and occasional services before returning the car. The speaker concludes that purchasing an average car is financially unwise compared to strategic leasing.
