Any thing else to consider?? Thanks in advance!
2006-07-22 14:47:09 · 7 answers · asked by erok2020 3 in Business & Finance ➔ Personal Finance
This is not for a school assignment, but it is a legit question. After visiting a Toyota dealer today, he strongly recommended leasing over purchasing. I don't believe him... so I thought I would inquire with others who may have had experience with this. Thanks
2006-07-22 14:55:14 · update #1
Here's a third option, buy a used car...one or two years off lease....you get maybe 7/8ths of the life of the car but only pay 2/3 - 1/2 the price...
2006-07-22 15:49:30 · answer #1 · answered by Nick C 3 · 2⤊ 0⤋
It depends. If you are committed to a car note every month and want a new car every year or two, lease. If you want to finally own a car buy it. It's nice to have a new car every year but you will never own it! Also with leasing you are responsible to keep the car in very good shape. Small dings and cracks in windshield are your responsibility, can't fix it later when you may be financially more able. Got to be right when you turn it in, and it is leased for a specific length of time. I know, I tried it one time,Never again. I'll own it!
2006-07-22 14:59:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
right here's the perfect try for leasing vs finding out to purchase. 3 trouble-free questions. answer all 3 with a convinced and leasing is possibly a sturdy determination for you. Do you've magnificent credit? rentals require a more effective credit than finding out to purchase. Do you intend on preserving the motor vehicle for below 4 years? Leasing is meant as a jiffy period plan. in case you want to keep this motor vehicle for more effective than 4 years than leasing is the incorrect determination. A employ will fee you more effective money interior the destiny in case you intend on preserving the motor vehicle previous the end of the employ settlement. Do youchronic below 12,000 miles in line with twelve months? Do the mathematics, it truly is purely seventy 5 miles a week. rentals require a low mileage promise. in case you exceed your mileage limits the added mile costs outfitted into the employ will eat you alive. they could actual upload $5000 for your end of employ costs. if youchronic plenty or plan on taking journeys interior the motor vehicle leasing is a foul plan. So in case you responded convinced to all thre then a leas is honestly one of the perfect plan for you.
2016-11-25 02:33:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It all depends. The more you drive it, the better off you are buying since leases limit the miles you can drive. The calculator at the link below might help you in making your decision. Good luck and enjoy the new wheels!
2006-07-22 15:11:32 · answer #4 · answered by Rich B 3 · 0⤊ 0⤋
Buy. Find a low interest rate. and pay it off as soon as you can. If you lease, you are responsible for any little infraction you may put in or on your car and that is assessed on your final settlement w/leasee!
2006-07-22 14:52:41 · answer #5 · answered by Gail K 1 · 0⤊ 0⤋
Makes more sense to shop around and find a good used late model with low miles. Less up front costs, lower insurance.
2006-07-22 14:51:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋
second time i've seen this question must be a needed essay question???
2006-07-22 14:51:33 · answer #7 · answered by Mr D 3 · 0⤊ 0⤋