Overhaulin'

Would you rather lease or buy a car?

And which do you think is better to do? Thanks!

Public Comments

1. Totally depends on your buying habits and your personal situation. There is no 'one size fits all' way to acquire a vehicle. However, if you are looking at it from a pure dollars and cents standpoint, more than 80% of the people who acquire vehicles are financially better off buying than leasing. The only way I would lease is if all 4 of these scenarios apply to you - 1) You don't mind/can afford to always having a car payment. 2) You can write it off as a business expense. 3) You know you will never go over the alotted miles allowed. 4) You know you will not purchase the same car for the residual value (the worst way to buy a car).
2. it depends on what kind of person you are and what do you want out of your car. one is not better than the other. if you want to be in trend and have a car of the year every year than leasing is good you can trade it up for the newer years model or trade the car in general for another; but you cant modify it must remain stock; you also get the option to buy the car when your contract is going to end.When you buy the car will be yours and you can do whatever you want to it but you can get lower payments if you lease a car it depends on what you want to do that is it.
3. Cars depreciate fairly fast, so the lease/buy analysis depends on what you expect to happen in a few years. Leasing is a long term rental program and you build no "equity" in the car. Generally speaking, you get more car for your money when you lease. Remembers almost every car depreciates rapidly as a general rule, Lease when: You know you will keep the car for a few years and get rid of it. If you don't plan on driving a whole lot during your lease period. Buy: If you want to keep it for while after the car is paid off. What ever you do, don't lease and buy after the lease is up. This is the best way to overpay for a car. I don't lease because I plan on keeping my car for over 5 years, and I also don't buy new cars. I typically buy lease returns after 2 or 3 years of service. Hope this helps.
4. do NOT lease. what a scam.. take half the car's value and then leave you with nothing