2006-07-24 15:42:12 · 12 answers · asked by chacha 1 in Cars & Transportation ➔ Buying & Selling
Buying a car is a lot more cost effective than to lease. Lease is very expensive compared to outright buying it even if you finance your purchase.
2006-07-24 15:46:21 · answer #1 · answered by Maria Gallercia 4 · 0⤊ 0⤋
Leasing a car is fine if you have huge amounts of cash that you want to throw away in order to impress people with your new car. Otherwise, sorry, it is just crazy. You spend WAY more leasing, all for the privilege of having a new car all the time. Why not buy a good quality car, like a Toyota, and keep it till it wears out, taking good care of it? You'll save tens of thousands of dollars over leasing, and your friends won't care at all that your car isn't new.
2006-07-24 15:47:21 · answer #2 · answered by Larry 6 · 0⤊ 0⤋
Well depends on the kind of lease you take. If you do, say contract hire then you'll have the car for anything between 12-48mths, 48mths being the cheapest option(usually). If you do Finance Lease (this is the contract with a large 'balloon' payment at the end) you can't ever own the vehicle out right, you have to sell it to a 3rd party & get a certain percentage back.
I personally would do contract hire. Check out website for car brokers, they have plenty of deals & lots of info that you'll be after.
2006-07-24 20:16:29 · answer #3 · answered by vegasistrapped 1 · 0⤊ 0⤋
For God sake, never lease! This is the single biggest rip-off this side of a time-share condo. Save some cash and buy yourself a good used car. You will save enough money to put yourself through college.
2006-07-24 17:50:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I say lease a car because you only have to make monthly payments.
2006-07-25 04:17:33 · answer #5 · answered by Randall Gatesman 2 · 0⤊ 0⤋
Buy. Leasing costs too much. You may as well make a payment.
2006-07-24 15:46:06 · answer #6 · answered by hopflower 7 · 0⤊ 0⤋
The used cars have become so cheap these days and therefore you can have your own car instead of taking it on lease. You can just log on to http://freewebs.com/infodata/autos.htm to see it for yourself.
2006-07-24 22:42:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you need it you should buy it. Leasing is only beneficial if you are just travelling oversea or for short term usage.
2006-07-24 16:36:17 · answer #8 · answered by kangaroo 3 · 0⤊ 0⤋
buy it`s yours after all payments lease you pay for 3 yrs and than you have one large ballon payment.
2006-07-24 15:46:09 · answer #9 · answered by me too 6 · 0⤊ 0⤋
Buy, gawd forbids if something happens to you and you lose your job, at least you still have a car to live in.
2006-07-24 15:58:43 · answer #10 · answered by Anonymous · 0⤊ 0⤋