does it make sense financially to lease a new car as an individual, not a a business instead of buying ?

Answer 1

It could make sense...if you like to trade more frequently ,and don't want to be in a negative equity position.
Generally speaking.. a 24 mo lease payment is a little less than, or equal to a 48 mo loan payment. With a loan.. if you want to trade after 24 mo.... you will still owe more on it than it's value [ that's what I meant by 'negative equity']
Also holds true for 36 mo lease vs 60 mo loan
I would not advise any longer terms than that in either case.

Ask your salesperson to show you the numbers BOTH ways

Note: It usually takes better credit to lease than it does to buy
Also : Most sales people don't care which option you choose

lease or buy , pay cash or finance, your bank or ours

Its all the same end result .......You get a new car...we get a sale!

Good Luck! I hope this helps.

Answer 2

It's always a debate between leasing vs. buying, I'm sure you find many other articles about this topic.

In our opinion, the most important deciding factors are:

- Budget - If you have a limited monthly budget and would like to avoid expensive repair cost, go with a lease. You will always drive a new car covered under warranty.

You can find some good lease programs here:

https://secure.acscorp.com/partners/pages/111.php


- Mileage - If you drive more than 15,000 miles a year, leasing is just not a good option for you. Your lease payment can be as much as if you were financing.


- Vehicle selection - If you are "open" with your vehicle selection, there are usually some really nice lease deals around. Manufactures often do special lease programs just to sell more cars and you can even get a sweeter deal by negotiating on the cap cost (final selling price).


Finally to answer your question, it does make sense financially for anyone to lease a new car at the right price, personal or business.

Answer 3

Lease a car if you have a business that can accomodate the cost, but if your just a private owner, buy.
The bad part about leasing, is that if you go over the miles predicted you can pay out of pocket expenses. Leasing is a good deal for a business, but not for owners.

Answer 4

I don't think it ever makes much sense to lease, because at the end of the term you have paid half the car off then you have to give it back. But if you have to, then you should only do it if you are sure you'll not go over the allowed miles and keep the car in very good condition!!!

Answer 5

I would not lease a car. After your lease is up, you will have the option to buythe car or lease another. If you buy the car it will cost you more than it's worth. If you lease another then you'll never have one paid for. I'm in it for the long haul, drive them as long as they last. My current truck is 14 years old. Check out Clark Howard,Click on leasing cars.