2006-06-14 18:21:57 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
leasing a car is more or less like renting a car from the dealer except some dealer offer you a price at the end of leasing term (4 or 5 years depending on the term chosen) you can pay for in order to fully own the car. During the leasing period, the ownership of the car still belongs to the car dealer.
If the interest rate is reasonable and if you like the option to always drive a new car, leasing is actually not a bad idea!
As for Lincoln, be ware of the fuel consumption and rate of insurance as it is consider as luxury instead of a economy car.
2006-06-14 20:42:44 · answer #1 · answered by ayhung 2 · 2⤊ 0⤋
If you like to stay within warranty periods, and drive new cars every few years then leasing should be considered. Like everyone said, it's like renting for an extended period with the option to buy the car at a set price at the end. Buying on the other hand, is for people who like to own the same car for a long time. But remember, by the time you pay the car off, it's out of warranty, and it's already at least five yrs old.
2006-06-15 09:37:00 · answer #2 · answered by jay 7 · 0⤊ 0⤋
Yah Leasing is just like Renting the car, for how ever many years..u will always have a payment, and never working to owning it.
2006-06-15 01:26:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
only lease if you have money to throw out the window and hardly put any miles on your car
2006-06-15 01:25:50 · answer #4 · answered by tootiefrootie 3 · 0⤊ 0⤋
DON'T LEASE!!!! Leasing is like renting an apartment, month to month.
2006-06-15 01:24:30 · answer #5 · answered by divadfirg 1 · 0⤊ 0⤋
Leasing is when u pay rent without owning the thing...whereas buying u just buy it and its yours...dunno wat that zephyr stuff is...anyhow..
2006-06-15 01:30:19 · answer #6 · answered by sphinx 4 · 0⤊ 0⤋