Overhaulin'

Is it wiser to buy a car with cash or lease a car and keep the money in the bank or payoff debt?

Public Comments

1. When you lease anything your going to pay a high intres rate If you buy it with cash you will save alot of money
2. If you lease a car, you are essentially borrowing the money to pay for the car and paying it back over time. As with any loan, you pay back more than you borrowed. As soon as you sign the lease, you are that much deeper in debt. If you have enough money to buy the car outright, do that and you will save the interest (all other things being equal). If you like the automatic maintenance that you get with a lease, buy a service contract and car insurance with roadside assistance.
3. Always pay cash for your cars. Without payments you can continue to make the money back quickly. There's also risk associated with leasing or financing that isn't there with paying cash.
4. No doubt cash. Once you pay cash your done nothing else to it. Once you decide to go into a loan you have to go into interest and when your done your loan you would have paid more than what your would've payed if you just would have chosen cash. Best of Luck drwwgnr@yahoo.com
5. If you can afford it cash is always best. When you lease or borrow, the car company and the finance company are making money off you. When you pay cash, only the car company is making money off you. The more people who are making money off you, the more you are paying. I paid cash for my last 2 cars. Audi S4 and Porsche 911S.
6. And one more thing to add to the others responses. Paying cash means your car insurance does not have to be so high. You do not have to carry full coverage, unless you choose to do so!