Overhaulin'

Lease vs Buying a car/suv?

I would love to have a Range Rover however I am having a hard time convincing my self that it is ok to pay $800 for a car note. I was thinking about leasing it and then maybe purchasing it at the end of the lease. I would like to know the pros/cons of leasing a car? I currenlty own a 99 Max with 196000 miles; she is going strong but I want to be prepared just in case I have to purchase a car. I bought the car new and I have put about $2K into her for repairs to replace original parts.

Public Comments

1. Save your money, don't lease. Buy when you can afford. Drive what you have until it dies. Either they have your money or you have your money. Your choice.
2. I have been leasing for the last 8 years and I love it. The reason I lease is because I like to get a new SUV every 2 or 3 yrs. Per year I only put on about 5000 miles, which is great. Plus its cheaper than owning. The only problem is that you have to keep the car in good shape, you can't turn it in dented. I like the sign n drive, with no money down. I just purchased a 2007 Grand Cheeokee, 35,000 dollars, and I'm only paying 318 a month. Make sure when you lease that you wait when there are deals, thats where you make out. Hope this helps
3. First, in my opinion, Range Rover or any Land Rover, is an overpriced, not-so-reliable vehicle. Much better vehicles can be had for much less money. Second, leasing can be a good way to finance a car, if you know what you're doing and don't do it simply because payments are lower. Leasing is a little more complicated that buying with a loan, which makes it easier to make mistakes. However, if you understand how it works and know that you are a good candidate, then you can save a lot of money on monthly payments. The following web site may be helpful in understanding how leasing works and how to determine if it is right for you: http://www.leaseguide.com .