Have you ever leased a car? Was it a good experience?

Question

What kind of car was it? How was it good or bad?

Answer 1

I am currently leasing a 2005 Silverado truck, I will never buy a new car again, if you take care of the car and watch your mileage it is well worth it in my opinion, buying a car is a bad investment, just when you finish paying it off or the warranty runs out you start having problems. I will trade in my truck in 2008 and have a brand new one, all I do is regular maintenance and wear and tear stuff like brakes, that's my only worry. One other thing like about it is you can get allot more car more less monthly payment.

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 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 netotiating on the cap cost (final selling price).


Finally to answer your first question, yes we've leased many cars before and we are very happy about it.

Answer 3

If you go into a lease and have a trade in you will find that at the end of the lease you will not have any equity and your next lease payment will be higher on the next car. lease companies like this because it keeps people in a position where they do not want to have to lay out a great deal of cash as down payment to purchase another car. My friend leases vehicles for a living and he has told me that I should never do this. The mileage limits and condition of the automobile may cause you to owe at the end of the lease. All of those that I have known that did not use the vehicle for business have said that they would never do it again. It really just comes down to your situation and your preference. Used for business the mileage can be deducted at a rate of $0.37 cents per mile I believe.

Answer 4

Never again. No problems but if you do the money math you are better off to purchase a car and finance it. Such a waste to be paying all that money every month for the lease, then the required insurance is more than I ordinarily carry and end up with all that money gone and now you have to give the car back. So when it's over you have nothing to show for the money.

Answer 5

No, but I worked in the car business, be careful about leasing, versus financing, you can get stuck with a major bill, if you have any damage inside/outside, overage on the odometer as well, you will be responsible, and then some end up buying/financing the vehicle all over again, also credit plays a major role...

Answer 6

Not for me because the number of miles allowed was too little and I went over by a lot. I ended up buying it in the end for a lot more money than I would've paid on the street.