What arrangement would you suggest for a 79 year old man who wants a
new luxury car? Should he buy or lease?  He is financially comfortable
and drives less than 400 miles per year.  Does the low mileage figure have 
an influence on this decision.  He is retired, so no corporate
deductions are a factor.

When you lease a car, you are paying for the depreciation of the car
as the main part of your payment, usually calculated based on driving
10, 12, or 15 K miles per year.  Therefore, if this person leases a
car, he will be paying for a lof of depreciation even though he is
only driving 400 miles per year.

Any type of financing (lease or payments) involves interest and profit
for the lender.  If this buyer is financially comfortable, then he
should pay cash for the car and avoid paying for depreciation he will
not have and interest to borrow money he does not need to borrow.