Overhaulin'

Leasing a car vs buying a car?

Ive read the articles about each. But then I started looking at the total ownership cost INCLUDIING insurance and then it became a completely different story. For my age and experience (im 23, license at 17, never had an accident or DUI) for a leased Ford Fusion Hybrid I was looking at a 6 month premium from Geico anyway of like $9000. I was thinking what the heck, is that a mistake, apparently not.

Public Comments

1. It depends on how long you are planning on keeping the car, what you are planning on using the car for, etc. If you are planning to use a leased vehicle as your main mode of transportation, and plan to keep it for many years to come, buying may be your best option. However, if you are planning on using a leased vehicle as a 2nd vehicle, than leasing may be the way to go.
2. You are still considered a high risk by the auto insurance companies due to your age and lack of years in operating a motor vehicle - if you take a Driver's Safety type of course, the rates should drop some. Also, there are many factors that influence the rate for insurance
3. Are you retarded????? There is no way in HELL it costs $18,000 to insure an economy car for a full year. A Ferrari, yes, but not some Ford junk. When I was 23, I purchased a brand new Acura and it cost under $2000 to insure full coverage for a year. I also started driving at 17 and had no points on my record. Either you dont know how to get a proper quote or you are lying about the whole thing.
4. I am not gonna say that I am totally sure about the answer.it is really depending on the personal mind.thus it would better for you to try to find the best answer yourself.Here   www.Autoinsurancepro.info   is a good resource for reference though.