Overhaulin'

What is more easy to qualify: lease or buy a car?

SOME ONE WHO KNOWS ABOUT LEASING OR BUYING A CAR CAN TELL ME FOR WHAT IS MORE EASY TO QUALIFY FOR A LEASE OR FOR BUYING A CAR.

Public Comments

1. Leasing is dropping out of favor like a ton of bricks. Buying is easy since the lender holds ownership of the car until you pay it off
2. In MOST cases it's easier to qualify to buy. There are some promotional sales, especially from Ford, where a 24 month lease is easy to get.
3. Leases are easier to get because the car dealer WANTS you to lease. You pay on the car for several years and then they get it back. Then they can sell it and double their money!
4. Never, never lease if you are an individual, leasing is for people who want to keep up with the Joneses and have the false feeling they get a new car every few years. Leasing is only good for business owners for tax purposes, individuals are going to spend a lot of money, can't drive a lot of money and never going to have their own car.
5. Leasing is generally a little tougher to qualify for if you have a poor credit score because there's often no requirement for a down payment and monthly payments are low. However, if you have a poor credit score, you can also have problems with a loan. You'll pay higher interest rates and need a large down payment.