Overhaulin'

what's your opinion about Lease vs. Purchase a car..?

I want to buy a new Lexus.. and hubby wants me to leasing a car for 3 yrs. first. so I dont have to worry about to fix the car... whats your opinion.??. thks.. financially we dont have any problem. just I want to keep the car, he wants me to lease the car.. he said.. I can drive new car all the time..

Public Comments

1. If you can finance, why lease?
2. ok...first of all you said you don't have to worry about fixing it....not true....your responsible for all upkeep and general repairs of the car....as far as leasing it....if you do under 12,000 miles a year or even less than that...it pays to lease the car....say: lease it for 3 years...give it back, and then lease another new car..
3. Buying a new car, you shouldn't have to fix anything really. And you will have a warranty as well. Buying is usually better if you plan on keeping the car for a few years or more. Overall more financially sound. The bad part of leasing is you pay for the mileage up front, like a phone plan. If you don't use it all, it gets wasted. If you use more than the lease allows, you pay through the nose for extra miles. When you buy, at the end of financing, you will have a car worth some value.
4. Leasing is nothing more than a rental.Make sure you are able to deal with the low miles and all the fine print that comes on a lease contract
5. I really don't have an opinion one way or the other, it depends on your wants and needs. Leasing is renting miles, purchase is buying the car. If it breaks you take it in the be fixed regardless of whether its leased or bought, as long as its under warranty. If you're low mileage, and looking to change cars without paying out a lot, lease. If you're high mileage and want something to keep for a while, buy.
6. my mom just leased a lexus is250 and the deal is basically if you can afford actually buying the car, DON'T lease it. if you can't afford buying the car, but really want it, you can lease it like my mom did. however, if you buy the car in the end, you end up paying MORE than the car is worth if you include the monthly payments for the lease. if you can afford buying, leasing is pointless. and if you turn in the car after 3 years with no doors and 3 wheels, you will pay, and pay A LOT because you get charged extra for each little dent or scratch, and you get charged extra if you exceed you annual mileage alotment.
7. why to go for lease? all new cars take about 4 years before any repair is done. you buy it and sell it after 3 or 4 years. what color you prefer ? mine are black, white, and another silver.
8. My sister used to lease all the time but now she buys. But when she bought her last car (a VW) she compared the lease vs. buy costs and made an informed decision then based on what she predicted the car would be worth after 3 years and deducted the purchase price and found that the lease was more expensive. I'd recommend doing the math - see what the lease payments are vs. the cost to buy and then sell in 3 years (should you choose to do so). Then you can make an informed decision.