2006-06-29 14:00:15 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Other - Cars & Transportation
Buy, by a factor of about a billion. Get Dave Ramsey's book "Financial Peace" from the library and the book "Don't get taken every time" from Remar Sutton before you buy your next car
2006-06-29 14:04:17 · answer #1 · answered by Sir J 7 · 0⤊ 0⤋
I say lease, because you only have to put a deposit down once and you can drive a new car every 2-3 years. People think the downside is that you will never get any relief from having a car payment. But if you buy, you will have to drive the car for at least the length of the loan to be free of a payment, but when you go to buy the next car, what funds will you use for the down payment? Obviously the money you saved from the time you paid off the loan until you buy the new car. So what's the difference? Might as well lease and drive a better car than you can afford.
2006-06-29 21:20:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
my father has been in the car business for 20 years he now owns and runs his own dodge dealership. if you are planning on only keeping the car for 3 years or less lease is the way to go payments are lower and you really only pay for the depreciation., of the vehicle. but be careful and make sure you are cautious with the miles you are allowed per year because that's where the leases go bad it is much better to over estimate and they buy the unused miles back from you., then to be short and pay $$ per mile over. plus no Patience out of pocket for the vehicle lots of dealers even include oil changes in the lease payment . and if you like the car when it's up and it was no lemon you always have the opportunity to buy it. cheap!!!!
2006-06-29 21:54:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Buy if you lease you are basically renting the vehicle the whole time rather than paying the payments to buy the vehicle! If you lease the money in the end goes to nothing!
2006-06-29 21:05:04 · answer #4 · answered by Pretty Girl n Pink 2 · 0⤊ 0⤋
Why would you want to rent a car for 5 years, 4 years or even 3 years.
When you rent a car for the weekend, you don't have to pay for insurance, registration and maintenance. Why do you do it when you lease.
Yeah, there is the initial cost and depreciation. But if you buy something decent, keep the car in good shape, and keep it for a while...it will hold its value. Then you can sell, trade, keep or donate the car as you like. And, you don't get nailed if you drive over the mileage limit...
Good luck buying that car!
2006-06-29 21:07:57 · answer #5 · answered by pukcipriavroc8v 4 · 0⤊ 0⤋
buy because you can own it after the payments are complete. Also if you lease it, it almost costs the same. Plus buying helps to better your credit score.
2006-06-29 21:05:02 · answer #6 · answered by ratel 3 · 0⤊ 0⤋
If you don't drive over 12,000 miles a year and always want a new car thats under warranty, go for the lease.
2006-06-29 21:05:42 · answer #7 · answered by mister ss 7 · 0⤊ 0⤋
Buy, lease you end up paying for things in the end you wouldn't except.
2006-06-29 21:04:16 · answer #8 · answered by kayef57 5 · 0⤊ 0⤋
buy..... if you lease it, you pay all that money, then you end up with nothing. i find it pointless.
2006-06-29 21:04:47 · answer #9 · answered by Meg 2 · 0⤊ 0⤋
buy
2006-06-29 21:02:31 · answer #10 · answered by jdc591 5 · 0⤊ 0⤋