Overhaulin'

Lease vs. Buying a car?

I would like to know the benefits in doing either. Would leasing really save us money?

Public Comments

1. Leasing will not save you money if you keep your car for a long time, say 8-10 years. If you have to have a new car every couple of years, leasing may save you money.
2. The person above me is right. If you want the newest and best every year, just lease. If you are going to use the car heavily and keep it for a couple of years, buy it.
3. Ask yourself 3 easy question's 1: How many miles do you drive 2: How long do I keep a car 3:Do you take car of your car If you drive over 15 thousand miles a year keep cars forever (5years or more) and have a hard time keeping the car in top shape then you should buy not lease. On the other hand if you put few miles a year on your car have the need to trade every 3 years and keep your car in near perfect shape then you should lease.
4. leasing a car is like renting a house. You pay for it every month and you have nothing to show for it.
5. leasing a car is fine as long as you follow the rules and that is the mileage, don't go over the allotted miles they give you ( usually 12,000 per year ) same as 36,000 for 36 month lease. this will cost you lots of money at turn in time if you do go over. next you might have will to carry higher insurance depending on what you have now. anything that goes wrong not covered by warranty you will have to fix, brakes, tires, lights oil changes. last be sure the lease reasinable as far as price goes. leases are based on the sticker price ( msrp ) so don't buy teh car at turn in time you will end up paying more than if you would have bought it. buying is good as no worry about miles and higher insurance and the golden rule is i you like a new car every 3 years or so leasing is fine as long as you follow the rules and if you keep the car for 5 to 6 years buying is best. you know what miles you drive and how you care for a car so it's up to you . the reason I tell others about miles is they will charge you 20 or more cents per mile and that can add up to lots of money and this is why so many people end up buying the car becasue they don't want to pay for all the miles and than end up over paying for car. I have done both many times and now buy and keep as long as I want.
6. If you are the type of person that wants to drive a new car every 3-4 years and doesn't drive over 12,000 miles per year, then leasing can be a good deal for you. If you drive a lot or like to keep things a while Buy Used. A new car will depreciate about the same as a lease. At the end of 3 years you will be at a break even point on the purchased car and still owe about the same as the residual of the lease.