Overhaulin'

Is it cheaper to lease or buy a car ?

for my first car I don't know if I should just lease or if It will be cheape for my parents and I to pay for monthly

Public Comments

1. Leasing is a terrible idea. Buy a nice used car and keep your money in your pocket
2. Depending on what car and how new, do as much research as possible. Make sure to look at which ones are more available and which are over stocked. Car salesnen don't sell cars often. A prety cool idea that works is to find a car you for sure want, then walk on the lot with like %70 the price in your hand and tell the guy, "I'll buy that one." They're eager to sell anything, so you're. Just research the prices to make sure you're not doing it wrong, or you might not get the desired effect.
3. It's cheaper to lease a car because you're just paying for depreciation of the car instead of the full price. But at the end of the lease, you do not own the car but have to return it to the bank. You do have the option to purchase it the pre-negotiated price. If you plan on driving the car for 10 years or more then buying is the better choice.
4. Hi Katie, Leasing your next vehicle may allow you to make lower monthly payments compared to alternative financing methods. Leasing has many advantages and benefits, including a variety of mileage options and contract terms to best suit your needs. Ford Credit provides vehicle financing to meet your needs - new and Pre-Owned. Whether it is a special incentive program, or a first time buyer program, Ford Credit has a wide range of programs to solve your issues. Questions? Go to http://www.FordCredit.com for more information, or visit your local dealer. Have a great day! Natasha Ford Customer Service Division